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Top News In Suk Cho Today - Breaking & Trending Today

Investors Unimpressed By Massive Dividend From Shrinking Lufax

Key Takeaways: Lufax announced a massive special dividend of $2.42 per ADS, equal to about half of its Friday closing price of $4.48 The company. ....

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Online Lenders Cool As China's Economic Rebound Wobbles - Lufax Holding (NYSE:LU), FinVolution Gr (NYSE:FINV)

Key Takeaways: Online loan facilitators Lufax and Qifu both reported year-on-year revenue declines in the second quarter Rival FinVolution posted a revenue gain for the quarter, as contributions from its overseas operations helped to offset sluggish performance at home By Warren Yang ....

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Online lender Lufax sees profit drops 86% y-o-y

Lufax Holding, the Chinese online lender backed by Ping An Insurance, reported an 86% year-on-year decline in profit in the first quarter, amid China’s lacklustre economic recovery, reports the South China Morning Post. Net income at the Shanghai-based company stood at RMB 732 million ($103.8 million) in the first three months, compared with RMB 5.29 billion… ....

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