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LexinFintech Holdings Ltd - LX STOCK NEWS

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

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 LexinFintech Holdings'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 LexinFintech Holdings's position in the market.

News
LexinFintech Holdings Ltd. Reports Fourth Quarter and Full Year 2023 Unaudited Financial Results
Rhea-AI Summary
LexinFintech Holdings announces strong financial results for Q4 and full year 2023, with total loan origination of RMB250 billion, a 21.9% growth year-over-year. The outstanding loan balance increased by 24.5% to RMB124 billion. The company's total operating revenue for Q4 was RMB3.5 billion, up 32.3% year-over-year, while net profit saw a 56.2% increase. Lexin maintained a user base of 210 million and served over 80 business customers with tech-empowerment services. The company's credit performance remained strong, with a 90-day delinquency ratio of 2.90%. Lexin aims for sustainable growth and value creation for shareholders in 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-10.75%
Tags
earnings
-
News
LexinFintech Holdings Ltd. to Report Fourth Quarter and Full Year 2023 Unaudited Financial Results on March 20, 2024
Rhea-AI Summary
LexinFintech Holdings Ltd. announces the release of unaudited financial results for Q4 and full year 2023. Earnings conference call scheduled for March 20, 2024, with webcast available. Lexin is a prominent financial service provider in China.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.78%
Tags
conferences earnings
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News
LexinFintech Holdings Ltd. Appoints Chief Risk Officer
Rhea-AI Summary
LexinFintech Holdings Ltd. (NASDAQ: LX) has appointed Mr. Zhanwen Qiao as the Chief Risk Officer, effective December 4, 2023. With over a decade of experience in risk management at a top-tier consumer finance company in China, Mr. Qiao is expected to enhance Lexin's risk management capabilities and create sustainable value for shareholders.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.76%
Tags
management
News
LexinFintech Holdings Ltd. Reports Third Quarter 2023 Unaudited Financial Results
Rhea-AI Summary
LexinFintech Holdings Ltd. (LX) reported impressive unaudited financial results for the quarter ended September 30, 2023, with total loan originations of RMB63.3 billion, a 12.7% year-over-year increase, and outstanding loan balance reaching RMB121 billion, reflecting a 27.7% increase compared to last year. The company's total operating revenue was RMB3.5 billion, marking a substantial increase of 30.4% year-over-year and 14.8% quarter-on-quarter. Net profit ascended to RMB371 million, registering a rise of 34.4% over the previous year and 4.2% from the last quarter. The total number of registered users reached 204 million as of September 30, 2023, representing an increase of 11.3% from the previous year, and users with credit lines reached 41.6 million, up by 5.3% from the previous year.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
earnings
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News
LexinFintech Holdings Ltd. to Report Third Quarter 2023 Unaudited Financial Results on November 22, 2023
Rhea-AI Summary
LexinFintech Holdings Ltd. (NASDAQ: LX) to Report Unaudited Financial Results for Q3 2023 on November 22, 2023. Earnings Conference Call Scheduled.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.05%
Tags
conferences earnings
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News
LexinFintech Holdings Ltd. Reports Second Quarter 2023 Unaudited Financial Results
Rhea-AI Summary
LexinFintech Holdings Ltd. beats loan origination guidance, with total loan origination reaching RMB63.9 billion, representing a year-over-year growth of 30.1%. Total outstanding loan balance reached RMB114 billion, with an increase of 31.8% year-over-year. Net profit grew to RMB356 million, an increase of 112% year-over-year. GMV on the e-commerce platform grew by 31.6% in the second quarter. Total number of registered users reached 199 million, representing an increase of 11.8% from the previous year. However, the number of active users and new active users for loan products decreased. Delinquency ratios increased slightly. Tech-empowerment service income and installment e-commerce platform service income decreased.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
8.04%
Tags
earnings
News
LexinFintech Holdings Ltd. to Report Second Quarter 2023 Unaudited Financial Results on August 29, 2023
Rhea-AI Summary
LexinFintech Holdings will report its Q2 2023 financial results on August 29, 2023, after the US market closes. An earnings conference call will be held at 10:00 PM Eastern time on August 29, 2023. A live webcast will be available at http://ir.lexin.com.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.47%
Tags
conferences earnings
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News
LexinFintech Holdings Ltd. Reports First Quarter Unaudited Financial Results
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.94%
Tags
earnings
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News
LexinFintech Holdings Ltd. to Report First Quarter 2023 Unaudited Financial Results on May 23, 2023
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.95%
Tags
conferences earnings
News
LexinFintech Files 2022 Annual Report on Form 20-F
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.09%
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Stock LX logo
LexinFintech Holdings Ltd

Nasdaq:LX

LX Rankings

#3514 Ranked by Market Cap
#588 Ranked by Stock Gains
#326 Ranked by Dividends

LX Stock Data

289.51M
184.42M
3.27%
30.08%
0.44%
Sales Financing
Finance and Insurance
Link
China (Mainland)
Shenzhen

About LX

we are a leading online consumer finance platform in china in terms of the outstanding principal balance of loans originated on our platform as of june 30, 2017, according to oliver wyman. we strategically focus on serving the credit needs of educated young adults in china. we grow with our customers by offering convenient and innovative loan products to meet their credit needs at different stages of life. we had approximately 3.0 million active customers in 2016 and 3.3 million active customers in the nine months ended september 30, 2017, representing a 103% increase and a 34% increase from 2015 and the nine months ended september 30, 2016, respectively. as of september 30, 2017, we had over 6.5 million customers with an approved credit line and over 20 million registered users.