Yiren Digital (YRD) has released an update.
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Yiren Digital Ltd. has reported a robust second quarter in 2024 with a 13% year-over-year revenue increase, driven by significant growth in the financial services sector and persistent demand for its loan products, despite a decline in insurance brokerage due to new regulations. The company highlights strong operational results and cash generation, while also emphasizing their AI investment and strategic focus on long-term shareholder returns through dividends and share buybacks.
For further insights into YRD stock, check out TipRanks’ Stock Analysis page.
