Lufax Reports Second Quarter 2024 Financial Results

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Lufax Holding Ltd (LU) PT Lowered to $2.75 at BofA Securities

August 23, 2024 5:32 AM EDT

BofA Securities analyst Emma Xu lowered the price target on Lufax Holding Ltd (NYSE: LU) to $2.75 (from $5.22) while maintaining a Neutral rating.

The analyst comments "Lufaxs 2Q24 profit before tax turned negative again to -RMB364mn (vs RMB447mn in 1Q, missing BofAe of... More