---
title: "U.S. Stock Market News | LexinFintech Surges Over 13%, Stock Price Up Over 150% from Low Point"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/215971579.md"
description: "After the opening of the US stock market on October 4th, Lexin's stock price surged significantly. As of the time of publication, the company's stock price rose by 13.24% to $3.85. The stock price has risen by over 150% from its low point. The rise in Lexin's stock price is mainly driven by optimistic expectations for the second half-year performance, valuation recovery, and the upcoming release of Q3 results. According to Lexin's financial report for the second quarter of 2024, the company's revenue reached 3.64 billion RMB, a quarter-on-quarter increase of 12.3%; net profit attributable to shareholders was 227 million RMB, a quarter-on-quarter increase of 12.4%. Lexin is set to announce its Q3 results in November, and the market generally holds optimistic expectations for it"
datetime: "2024-10-04T14:29:06.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/215971579.md)
  - [en](https://longbridge.com/en/news/215971579.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/215971579.md)
---

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# U.S. Stock Market News | LexinFintech Surges Over 13%, Stock Price Up Over 150% from Low Point

According to the Wise Finance APP, after the opening of the US stock market on October 4th, Lexin (LX.US) saw a significant increase in its stock price. As of the time of writing, the company's stock price has risen by 13.24% to $3.85. The stock price has increased by over 150% from its low point.

The rise in Lexin's stock price is mainly influenced by optimistic expectations for the second half-year performance, valuation recovery, and the upcoming announcement of Q3 results.

Lexin's financial report for the second quarter of 2024 showed that the company's revenue reached 3.64 billion RMB, a quarter-on-quarter increase of 12.3%; net profit attributable to shareholders was 227 million RMB, a quarter-on-quarter increase of 12.4%.

Lexin is set to release its Q3 results in November, and the market generally holds optimistic expectations for it

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- [LexinFintech Holdings Ltd. (LX.US)](https://longbridge.com/en/quote/LX.US.md)

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