X Financial Reports Third Quarter 2024 Unaudited Financial Results
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X Financial (NYSE: XYF) reported its unaudited financial results for Q3 2024, showing a 24.6% quarter-over-quarter increase in total loan amount facilitated and originated, but a 3.8% year-over-year decrease. The number of active borrowers increased by 19.6% QoQ and 8.6% YoY.
November 26, 2024 | 10:00 pm
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NEUTRAL IMPACT
X Financial's Q3 2024 results show a strong quarter-over-quarter growth in loan facilitation and active borrowers, but a slight year-over-year decline in loan amounts. This mixed performance may influence short-term stock movements.
The 24.6% QoQ increase in loan facilitation and 19.6% rise in active borrowers are positive indicators of growth and operational efficiency. However, the 3.8% YoY decline in loan amounts suggests some challenges compared to the previous year. This mixed performance may lead to neutral short-term stock price movements as investors weigh the positive quarterly growth against the annual decline.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100