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%. Pomerantz LLP is investigating potential securities fraud and unlawful practices by Qfin and its executives, advising affected investors to contact them for a class action lawsuit.
Qfin Holdings' recent financial troubles and investigation news provide context for readers. For those following the Financials sector, here is Pluang's market snapshot as of Sep 17, 2026 20:41 WIB: Out of 74 priced US Financials stocks tradable on Pluang, 56 rose and 17 fell today. Notable movers include STM at USD 48.82 with a 1-day change of +1.58% and a Pluang order activity of 99% Sell / 1% Buy, Deutsche Bank AG at USD 38.94 with a 1-day change of +1.51% and 0% Sell / 100% Buy order activity, and AGNC Investment Corp at USD 10.02 with a 1-day change of +1.42% and 58% Sell / 42% Buy order activity.
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A crypto address with $121.9 million in contract profits reduced its net short exposure in Zcash (ZEC) by 6,475.04 tokens between Oct. 21 and Oct. 22. It closed a short position worth about $11.4 million at an average price of $1,309.16, incurring a ...
