Lufax Holding Ltd - ADR Stock News

Lufax is well-positioned to benefit from China's recent stimulus policies, with significant business connections and expertise in offering business loans. The company's recent quarterly report shows improved delinquency rates, a substantial increase in new loans, and a 24.1% rise in cumulative borrowers. Despite a decrease in net income, LU's solid balance sheet and undervaluation suggest signi...

Lufax Holding Ltd (NYSE:LU ) Q3 2024 Results Conference Call October 21, 2024 9:00 PM ET Company Participants Xinyan Liu - Head of Board Office and Capital Markets Yong Suk Cho - Co-CEO & Chairman of the Board Peiqing Zhu - Chief Financial Officer Conference Call Participants Betty Li - CLSA Judy Zhang - Citi Yada Li - CICC Operator Ladies and gentlemen, thank you for standing by, and welcome t...

SHANGHAI , Oct. 21, 2024 /PRNewswire/ -- Lufax Holding Ltd ("Lufax" or the "Company") (NYSE: LU and HKEX: 6623), a leading financial services enabler for small business owners in China, today announced its unaudited financial results for the third quarter ended September 30, 2024. Third Quarter 2024 Financial Highlights Total income was RMB5,543 million (US$790 million) in the third quarter of ...