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LexinFintech Goes Ex Dividend Monday
Express News | China Internet Finance Association held a symposium on the standardized development of small loan businesses.
U.S. stocks are moving: Lexinfintech rose more than 1% before the market, reaching a strategic cooperation with Bank of Ningbo and Ningbo Yinxin Consumer Finance.
On September 12th, LexinFintech (LX.US) rose 1.16% in pre-market trading, reaching $1.75. In recent news, LexinFintech, Bank of Ningbo, and Ningbo Silver Consumer Finance signed a strategic cooperation agreement in Ningbo, Zhejiang. Deputy General Manager of Bank of Ningbo, Xue Song Xu, Chairman of Ningbo Silver Consumer Finance, Jun Zhou, and CEO of LexinFintech, Wenjie Xiao, attended the meeting. According to the agreement, the three parties will collaborate extensively in various aspects such as financial technology, technological exploration, and business innovation, fully leveraging their respective advantages in scenes, technology, and other areas to continuously provide high-quality financial services to consumers and support consumer growth.
LexinFintech To Go Ex-Dividend On September 16th, 2024 With 0.072 USD Dividend Per Share
September 2nd (Eastern Time) - $LexinFintech(LX.US)$ is trading ex-dividend on September 16th, 2024.Shareholders of record on September 16th, 2024 will receive 0.072 USD dividend per share on
The solid risk capability drives the improvement of revenue and profit, continuous dividends demonstrate development confidence, and the current valuation of lexinfintech (LX.O) is still at a low point of value.
On August 28, LexinFintech (LX.O) announced its second quarter performance for 2024. Q2 revenue was 3.64 billion yuan, a 12.3% increase compared to the previous quarter; net profit was 0.23 billion yuan, a 12.4% increase compared to the previous quarter. The transaction volume was 51.1 billion yuan, with a managed loan balance of 115.2 billion yuan. From an external market perspective, there is still insufficient demand for credit, and the demand for high-quality credit has not been fully restored, resulting in weakened operational performance for businesses, which is the main reason for the overall valuation pressure in the industry over the past period of time. However, LexinFintech delivered a financial report in Q2 that showed continuous improvement in revenue and profit, which is commendable in the current market environment. There are risks involved.
LexinFintech (LX) Q2 2024 Earnings Call Transcript