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Lufax Holding Ltd - LU STOCK NEWS

Welcome to our dedicated news page for Lufax Holding (Ticker: LU), a resource for investors and traders seeking the latest updates and insights on Lufax Holding.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Lufax Holding's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Lufax Holding's position in the market.

Rhea-AI Summary
Lufax Holding announces its Annual General Meeting on May 30, 2024, and the filing of its Annual Report on Form 20-F. Shareholders and ADS holders can participate in the AGM and access the necessary documents online. The company also released its Hong Kong annual report for the year ended December 31, 2023.
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End-of-Day
-0.68%
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Rhea-AI Summary
Lufax Holding reported its first-quarter 2024 financial results with total income of RMB6,964 million, a net loss of RMB830 million, and operational highlights showing a decrease in outstanding loans enabled and new loans granted. The company emphasized a shift towards consumer finance products and a 100% guarantee model to improve asset quality. Total expenses decreased by 27%, and the net loss was attributed to increased withholding tax and one-off dividends. The company also announced a change in the management team.
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End-of-Day
-0.68%
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Rhea-AI Summary
Lufax Holding , a prominent financial services enabler for small business owners in China, is set to reveal its first quarter 2024 financial results on April 22, 2024. The earnings conference call will take place at 9:00 P.M. U.S. Eastern Time on the same day to discuss the outcomes. Participants can register online to receive the necessary details for joining the call. A webcast of the conference call will be available on the Company's investor relations website, with a replay option accessible until April 29, 2024.
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Lufax Holding announced its unaudited financial results for Q4 and full year 2023, showing a decrease in total income and a net loss. Operational highlights revealed a decrease in outstanding loans enabled and new loans. The company emphasized de-risking initiatives and transformation to a 100% guarantee model. The board approved a special dividend to enhance shareholder value.
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Rhea-AI Sentiment
End-of-Day
45.7%
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Rhea-AI Summary
Lufax Holding Ltd (LU) to release Q4 and FY 2023 financial results on March 21, 2024. Earnings conference call to follow. Details on registration and webcast provided.
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End-of-Day
8.18%
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Rhea-AI Summary
Lufax Holding Ltd (NYSE: LU, HKEX: 6623) received a notification from the NYSE regarding non-compliance with the minimum share price requirement. The company has six months to regain compliance, and it expects to do so through a change in the ADS Ratio, which became effective on December 15, 2023.
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Lufax Holding Ltd (NYSE: LU and HKEX: 6623) announced a change in the ratio of its American Depositary Shares (ADSs) to its ordinary shares, from 2:1 to 1:2. The change is expected to be effective on a specific date.
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End-of-Day
-0.33%
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Rhea-AI Summary
Lufax Holding Ltd (NYSE: LU and HKEX: 6623) announced its unaudited financial results for Q3 2023, reporting a total income of RMB8,050 million (US$1,103 million), a net profit of RMB131 million (US$18 million), and a decrease in outstanding balance of loans enabled by 42.5%. The company's retail credit enablement business take rate remained unchanged at 7.8%.
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End-of-Day
-19.12%
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Rhea-AI Summary
Lufax Holding Ltd (NYSE: LU) will release its third quarter 2023 financial results after the market closes on November 13, 2023. An earnings conference call will be held at 8:00 P.M. U.S. Eastern Time on the same day to discuss the financial results. Participants can register online to receive the dial-in numbers and access PIN. A live and archived webcast will be available at the Company's investor relations website. The replay will be accessible through November 20, 2023.
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End-of-Day
-5.36%
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Rhea-AI Summary
Lufax Holding Ltd announces unaudited financial results for Q2 2023, with total income of RMB9,270 million, a decrease of 39.4% compared to Q2 2022. Net profit was RMB1,004 million, a decrease of 65.8%. Outstanding balance of loans enabled decreased by 35.5%. Consumer finance business shows healthy growth with non-performing loan ratio declining to 2.2%. Company focuses on asset quality over quantity and strategic initiatives yield positive results.
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Rhea-AI Sentiment
End-of-Day
-4.58%
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Lufax Holding Ltd

NYSE:LU

LU Rankings

LU Stock Data

5.06B
371.56M
2.88%
16.41%
2.16%
Credit Card Issuing
Finance and Insurance
Link
China
Shanghai