LexinFintech: Eyes On Loan Origination Miss And Business Mix Changes
LXLexin(LX) Seeking Alpha·2024-09-04 22:09
J Studios/DigitalVision via Getty Images LexinFintech Holdings Ltd. (NASDAQ:LX) stock is still assigned a Hold rating. LX's Q2 loan origination was weaker than the company's prior guidance, and the chances of a meaningful improvement in LexinFintech's near-term financial performance are low. On the flip side, there are positives pertaining to LX's long-term outlook. The company is deriving a growing proportion of its top line and loans from asset-light businesses and non-China operations, respectively,  ...