Stock Track | LexinFintech Holdings Soars 5.15% Pre-market on Q3 Profit Surge and Optimistic Outlook

Stock Track11-27

LexinFintech Holdings Ltd. (NASDAQ: LX) saw its stock price surge by 5.15% in the pre-market trading session on Wednesday, fueled by the company's strong financial performance in the third quarter of 2024 and optimistic outlook for the future.

The Chinese fintech giant reported a remarkable 36.7% year-over-year increase in net profit to RMB310 million, despite a decline in loan origination volumes. This impressive profit growth was driven by improved asset quality, reduced funding costs, and the successful implementation of strategic initiatives.

LexinFintech's operating revenue grew by 4.4% year-over-year to RMB3.7 billion, reflecting the company's ongoing transformation and diversification efforts. Furthermore, the company achieved a record low funding cost of 4.28%, nearly 100 basis points lower than the previous quarter, contributing significantly to the bottom-line growth.

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(NASDAQ: LX) saw its stock price surge by 5.15% in the pre-market trading session on Wednesday, fueled by the company's strong financial performance in the third quarter of ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LX","symbol_name":"乐信","start_time":0,"source_url":"","article_id":"1197232355","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1197232355","pubTimestamp":1732714229,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"LexinFintech Holdings Ltd.  saw its stock price surge by 5.15% in the pre-market trading session on Wednesday, fueled by the company's strong financial performance in the third quarter of 2024 and optimistic outlook for the future.The Chinese fintech giant reported a remarkable 36.7% year-over-year increase in net profit to RMB310 million, despite a decline in loan origination volumes. 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