LU Stock Recent News

Lufax Holding Ltd. Sponsored ADR (LU) came out with quarterly earnings of $0.06 per share, beating the Zacks Consensus Estimate of $0.05 per share.

China's reopening has seen a decline in the technology sector, with cyclical financials and tech companies suffering from regulatory crackdowns and a soft post-COVID reopening. Lufax Holding, a fintech company, is seen as an opportunity due to its low price-to-book ratio; it is a leading technology-empowered personal financial services platform in China. Despite a tough economic period, Lufax is considered undervalued and offers potential for investors, although prudent risk management is advised due to China's uncertain economic situation.

Lufax Holding Ltd (NYSE:LU ) Q1 2023 Earnings Conference Call May 22, 2023 9:00 PM ET Company Participants Liu Xinyan - Head, Board Office and Capital Markets Y.S. Cho - Co-CEO & Chairman David Choy - CFO Gregory Gibb - Co-CEO & Director Conference Call Participants Alex Ye - UBS Emma Xu - Bank of America Merrill Lynch Richard Xu - Morgan Stanley Yada Li - CICC Operator Ladies and gentlemen, thank you for standing by, and welcome to Lufax Holding Limited First Quarter 2023 earnings call.

Lufax Holding Ltd. Sponsored ADR (LU) came out with quarterly earnings of $0.04 per share, beating the Zacks Consensus Estimate of $0.02 per share.

SHANGHAI , May 16, 2023 /PRNewswire/ -- Lufax Holding Ltd ("Lufax" or the "Company") (NYSE: LU), a leading financial services enabler for small business owners in China, today announced that it plans to release its first quarter 2023 financial results after the market closes on Monday, May 22, 2023 U.S. Eastern Time. The Company's management will hold an earnings conference call at 9:00 P.M.

Lufax Holding proposed a dual primary listing on the Stock Exchange of Hong Kong. The listing should enhance liquidity and expand its investor base.

Lufax Holding Ltd (NYSE:LU ) Q4 2022 Results Conference Call March 12, 2023 9:00 PM ET Company Participants Xinyan Liu - Head, Board Office and Capital Markets Y.S. Cho - Chairman and CEO Greg Gibb - Co-CEO David Choy - CFO Conference Call Participants Yada Li - CICC Richard Xu - Morgan Stanley Alex Ye - UBS Emma Xu - Bank of America Operator Ladies and gentlemen, thank you for standing by, and welcome to the Lufax Holding Limited Fourth Quarter 2022 Earnings Call.

SHANGHAI , March 3, 2023 /PRNewswire/ -- Lufax Holding Ltd ("Lufax" or the "Company") (NYSE: LU), a leading financial services enabler for small business owners in China, today announced that it plans to release its fourth quarter 2022 financial results at 4:30 P.M. on Sunday, March 12, 2023 U.S. Eastern Time.

Despite the solid performance of the top 10 fintech companies, Lufax underperformed its competitors in Q3 2022 with its revenues down 22.5%. We believe the company's revenue growth was impacted by Covid-19 lockdowns across China as well as new regulations related to online lending platform loan funding requirements.

It is anticipated that the major benchmark indexes will begin trading for the week on a little more optimistic tone, with both the Nasdaq and S&P500 charts up over the last five days.