LUFAX HOLDING LTD
$NYSE:LU
937 watching
LUFAX HOLDING LTD
$NYSE:LU
937 watching

Lufax leads financial winners for the week, and First Interstate Bank falls most

In the financial stocks making the biggest moves this week, some of the usual volatile names figured prominently in the list climbers, while the biggest losers were mostly small mid-cap banks that recently reported Q4 earnings.

Overall, financial stocks fared well. The...

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Lufax: Debt Growth Slowdown

In this analysis of Lufax Holding Ltd (LU), we examined the company following its poor performance in 2022 with its Q3 revenues down 22.5%. We compared it against the top 10 fintech companies based on its Q3 performance and guidance. Moreover, we then analyzed the Chinese...

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Lufax stock leads financial gainers for the week, while Virtu slides the most

Three fintech stocks led the financial stocks that gained the most this week, while a trading/market-making stock fell the most in the financial sector in a week in which the Financial Select Sector SPDR ETF (NYSEARCA:XLF) increased...

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Financial stocks slip during Fed week, with Brookfield spinoff dropping most

It was an eventful week for financial stocks, as the Federal Reserve hiked its key rate by 50 basis points on Wednesday, a step down from its four previous 75-bp hikes, but still a hefty increase by historical standards. The central bank, though, showed no sign that it plans...

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Lufax Holding: Caught Between a Rock and a Hard Place

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Lufax Holding Ltd. is a Chinese online loan facilitator that is currently caught between a rock and a hard place. The company's business model relies on connecting institutional lenders and borrowers, without directly exposing itself to a lot of credit risk.

However, this...

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Lufax, Futu, 360 Digitech forged higher in a flat week for financial stocks

Three Chinese fintech stocks topped financial gainers this week as the country's authorities softened their zero-COVID stance, while the financial stock that fell the most is a Canadian bank that reported disappointing earnings.

Those stocks stood out while the sector,...

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3.050 3%
USD, LUFAX HOLDING LTD
Lufax Holding Ltd is a technology-empowered personal financial services platform in China. The company address the large unmet demand for personal lending among small business owners as well as salaried workers in China and provides tailor-made wealth management solutions to China's middle class and affluent population. Its platform has two hubs namely Retail Credit Facilitation Hub and Wealth Management Hub.
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