Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Lexinfintech Holdings ( (LX) ) has shared an announcement.
LexinFintech Holdings Ltd. reported its unaudited financial results for the fourth quarter and full year of 2024, showcasing a steady improvement in profitability and operational metrics. The company achieved a net income of RMB363 million for the fourth quarter, marking a 17% increase quarter-over-quarter, and a 54% increase compared to the same period last year. Despite a decrease in total loan originations and outstanding loan balances compared to 2023, LexinFintech maintained its growth trajectory through enhanced asset quality and operational efficiencies. The company also announced a dividend of US$0.11 per ADS, with plans to increase the cash dividend payout ratio to 25% of net income from January 2025. Looking ahead, LexinFintech aims to sustain its growth by focusing on asset quality and profitability enhancement amidst challenging macroeconomic conditions.
More about Lexinfintech Holdings
LexinFintech Holdings Ltd. is a leading technology-empowered personal financial service enabler based in China. The company primarily focuses on providing personal financial services, including loan facilitation and tech-empowerment services, with a significant market presence in the Chinese financial sector.
YTD Price Performance: 83.54%
Average Trading Volume: 3,353,442
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $1.74B
For an in-depth examination of LX stock, go to TipRanks’ Stock Analysis page.