Why Is Lufax (LU) Stock Up 46% Today?
LULUFAX(LU) InvestorPlace·2024-03-21 20:18

Lufax (NYSE:LU) stock is on the rise Thursday following the release of the Chinese personal financial services company’s Q4 2023 earnings report. That earnings report starts with a loss of 1.48 yuan per American Depository Shares (ADS). Investors will note that each ADS represents two of the company’s common shares. Wall Street was expecting the company to report losses per share of .13 cents for the period. Also worth mentioning is the company’s losses per share of 1.42 yuan in Q4 2022. Gregory Gibb, co-CE ...