LU Stock Recent News

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.

COVID-19 cases in China are rising at an alarming rate.

Lufax Holding Ltd (NYSE:LU ) Q3 2022 Earnings Conference Call November 23, 2022 8:00 PM ET Company Participants Yong Suk Cho - Co-CEO & Chairman Gregory Gibb - Co-CEO & Director David Choy - Head, Board Office & Capital Markets Conference Call Participants Alex Ye - UBS Emma Shu - Bank of America Merrill Lynch Yada Li - CICC Operator Ladies and gentlemen, thank you for standing by, and welcome to the Lufax Holding Limited Third Quarter 2022 Earnings Call. [Operator Instructions].

Lufax Holding Ltd. Sponsored ADR (LU) delivered earnings and revenue surprises of -46.67% and 11.45%, respectively, for the quarter ended September 2022.

SHANGHAI , Nov. 18, 2022 /PRNewswire/ -- Lufax Holding Ltd ("Lufax" or the "Company") (NYSE: LU), a leading technology-empowered personal financial services platform in China, today announced that it plans to release its third quarter 2022 financial results after the market closes on Wednesday, November 23, 2022 U.S. Eastern Time. The Company's management will hold an earnings conference call at 8:00 P.M.

Lufax is aligned with the new China 5-year plan strategy to grow GDP and the middle class. Lufax balance sheet and quality asset portfolio are able to withstand China's macro pressures and COVID lockdowns.

Chinese stocks have had an extraordinarily volatile week of trading so far.

Lufax Holding Ltd (NYSE:LU ) Q2 2022 Earnings Conference Call August 4, 2022 9:00 PM ET Company Participants Yong Suk Cho - Chairman and CEO Greg Gibb - Director and Co-Chief Executive Officer Siu Kam Choy - CFO Conference Call Participants Meizhi Yan - UBS Chiyao Huang - Morgan Stanley Yi Wu - BofA Securities Operator Ladies and gentlemen, thank you for standing by, and welcome to Lufax Holding Limited Second Quarter 2022 Earnings Call. [Operator Instructions] Please note that this event is being recorded.

Lufax Holding Ltd. is a leading fintech company in China. Founded in 2011, the company is focused on making loans to small enterprises and affluent/middle-class individuals. I present three main arguments why I believe the company's stock is poised to deliver above-market performance in the coming 1 - 3 years.