Qfin Holdings reported a 31.6% year-over-year decline in Q2 2026 revenue to RMB 3.57 billion and a 76.8% drop in net income, impacted by a RMB 500 million tax expense. The company also forecasted a 67% to 73% decline in Q3 net income due to rising funding costs and liquidity issues in China's consumer credit market. Following these results, Qfin's ADR price fell nearly 19%, prompting an investigation by Pomerantz LLP into potential securities fraud by Qfin's management. Investors are advised to contact the law firm for participation in a class action lawsuit.
Qfin Holdings shares faced scrutiny amid recent financial challenges. For readers following the Financials sector, here is Pluang's market snapshot as of Sep 25, 2026 04:31 WIB: Of 85 priced US Financial stocks, 32 rose and 53 fell. Notable movers include UPST at USD 24.56 with a -5.43% change and 100% buy orders, AFRM at USD 71.54 with a +5.07% change, and DB at USD 35.87 with a -4.50% change and 100% buy orders.
TD SYNNEX posted a record-breaking quarter in Q3 2026 with earnings and revenue surpassing expectations, driven by strong growth in its Hyve Solutions segment and AI infrastructure demand. Despite this, the stock dropped nearly 9% due to a nearly $1 ...
A crypto whale transferred 6,000 Ether (ETH), worth approximately $16.1 million, to five major cryptocurrency exchanges: OKX, Kraken, Gate, Bybit, and Binance. This large transfer places a significant amount of ETH on trading platforms, suggesting th...
Warren Buffett increased his stake in homebuilder Lennar to over 10% immediately after the company missed earnings and lowered its full-year delivery forecast. Despite Lennar's recent weak quarter, Buffett's move signals confidence in the long-term h...
TRON has exceeded $30 trillion in total transaction volume, marking its evolution into a high-throughput settlement network. Daily transactions exceed $30 billion, supported by over 405 million users and 15.6 billion processed transactions, mainly dr...
Costco reported a strong Q4 earnings per share (EPS) of $6.75, surpassing analyst expectations of $6.54, helped by tariff refunds. Although quarterly revenue of $93.87 billion slightly missed the $94.97 billion forecast, net sales rose 11.2% year-ove...
