Lexinfintech Holdings (LX) has released an update.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
LexinFintech Holdings Ltd., a prominent fintech service provider in China, reported a 12% sequential growth in net profit for Q2 2024 despite a 12% drop in loan origination volume. The company experienced a strong year-over-year operating revenue increase of 19.1%, attributed to improved risk performance, lower funding costs, and a boost from its overseas expansion. Lexin remains optimistic about future growth and has announced a dividend payout representing 20% of its net income for the first half of 2024.
For further insights into LX stock, check out TipRanks’ Stock Analysis page.
