Qfin In Deep Fintech Winter
The fintech loan facilitator’s second-quarter profit plunged as a funding squeeze in the wake of two major sector scandals forced it to scale back its business image credit: Bamboo Works Key
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JP Morgan analyst Katherine Lei downgrades Qfin Holdings (NASDAQ:QFIN) from Neutral to Underweight and lowers the price target from $13.5 to $9.
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The fintech loan facilitator’s second-quarter profit plunged as a funding squeeze in the wake of two major sector scandals forced it to scale back its business image credit: Bamboo Works Key
Glancy Prongay Wolke & Rotter LLP is investigating Qfin Holdings for potential securities law violations following the company's August 25, 2026 earnings announcement. Qfin reported a 31.6% year-over-year decline in total net revenue and a 76.8% drop in net income, attributed to industry contraction, regulatory oversight, and a liquidity shock. The stock fell 18.91% to $9.35 on August 26, 2026, prompting the law firm to solicit investors who suffered losses.
The Law Offices of Frank R. Cruz is investigating Qfin Holdings for possible federal securities law violations. Qfin reported a 31.6% decline in net revenue and 76.8% drop in net income year-over-year in Q2 2026, citing industry contraction, regulatory oversight, and liquidity shock. The stock fell 18.91% following the announcement, prompting the law firm to seek affected investors.
On Tuesday, Qifu Technology (NASDAQ:QFIN) discussed second-quarter financial results during its earnings call. The full transcript is provided below. This transcript is brought to you by Benzinga APIs. For real-time