Lufax Reports First Quarter 2022 Financial Results

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Lufax Holding (LU) Tops Q1 EPS by 5c

May 25, 2022 4:44 PM EDT

Lufax Holding (NYSE: LU) reported Q1 EPS of $0.34, $0.05 better than the analyst estimate of $0.29.

Business Outlook:

During the first quarter of 2022, the overall economics in China was impacted by the regional lockdowns. Under the current zero COVID policy, the Company believes that rolling lockdowns, simultaneously affecting multiple cities, will likely... More