FinVolution Gr Stock (NYSE:FINV), Trade Ideas

FinVolution Gr

FinVolution Group is a provider of online consumer finance in China. It offers various loan products, making financial services available to borrowers anytime, anywhere; designs a loan transaction process, and offers Tailored risk-based pricing. It offers short-term loans to borrowers to meet immediate credit needs while allowing them to gradually establish their credit history through activities on the company's platform. The company provides investors with an opportunity to invest in emerging asset class-consumer loans through a variety of investment options. It generates revenues from fees charged to borrowers. The Group's long-lived assets are located in the PRC and its revenues are derived from within the PRC.

News

Penny Stocks

Small Cap

Pre-Market Outlook

Markets

Movers

Trading Ideas

DADA

FINV

MNSO

SBLK

TLRY

U.S. stock futures were higher this morning, with the Nasdaq futures gaining by around 70 points on Tuesday.

Shares of  Dada Nexus Limited  (NASDAQ: DADA) shares fell sharply in today&#39;s pre-market trading after the company reported downbeat fourth-quarter results.

Dada Nexus Posts Downbeat Results, Joins GDS Holdings And Other Big Stocks Moving Lower In Tuesday&#39;s Pre-Market Session

Asia

General

QFIN

Key Takeaways:


	Lufax announced a massive special dividend of $2.42 per ADS, equal to about half of its Friday closing price of $4.48
	The company slashed the size of its loan portfolio by 45% last year, and expects to reduce it by another 32% this year as it focuses on higher quality borrowers


By Doug Young

Investors Unimpressed By Massive Dividend From Shrinking Lufax

Key Takeaways:


	Qifu’s revenue grew 13% year-on-year in the fourth quarter, and its net profit rose by more than 20%
	The company announced plans to repurchase up to $350 million worth of its shares, far more than the $132 million in repurchased from last June to March this year


By Warren Yang

Forget About Growth. Qifu Shows It&#39;s All About Giving Back To Shareholders

FinVolution Group American Depositary Shares

FinVolution Group

OFG Bancorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OFG#NYSE">OFG</a>) reported quarterly earnings of $1.05 per share which beat the analyst consensus estimate of $0.95 by 10.53 percent. This is a 9.38 percent increase over earnings of $0.96 per share from the same period last year.

Earnings

Earnings Beats

OFG Bancorp Q1 EPS $1.05 Beats $0.95 Estimate, Reports Total Core Revenues Of $174.2M Higher Than 164.4M YoY

BTIG analyst Eric Hagen maintains Ellington Financial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EFC#NYSE">EFC</a>) with a Buy and lowers the price target from $15.5 to $13.5.

Price Target

Analyst Ratings

BTIG Maintains Buy on Ellington Financial, Lowers Price Target to $13.5

For the Financial Year 2024, the Board recommended a final dividend of `20 per share (0.24 per ADS) and additionally a special dividend of `8 per share (0.10 per ADS&#x2A;). With this, the total payout over FY20 &ndash; FY 24 will be 85% of Free Cash Flow, in line with our capital allocation policy announced earlier.&nbsp;

Dividends

INFY

For FY24, Infosys Board Recommended a Final Dividend of $0.24/ADS and a Special Dividend of $0.10/ADS

Health Care

MRVI

Trilink Biotechnologies, A Maravai Lifesciences Company Opened A New 32,000 sq.ft. mRNA Manufacturing Facility

BTIG analyst Greg Lewis maintains VinFast Auto (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VFS#NASDAQ">VFS</a>) with a Buy and lowers the price target from $8 to $5.

BTIG Maintains Buy on VinFast Auto, Lowers Price Target to $5

Ally Financial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALLY#NYSE">ALLY</a>) reported quarterly Adj earnings of $0.45 per share which beat the analyst consensus estimate of $0.33 by 36.36 percent. This is a 45.12 percent decrease over earnings of $0.82 per share from the same period last year. The company reported quarterly Adj sales of $1.99 billion which beat the analyst consensus estimate of $1.96 billion by 1.48 percent. This is a 2.83 percent decrease over sales of $2.05 billion the same period last year.

ALLY

Ally Financial Q1 Adj EPS $0.45 Beats $0.33 Estimate, Adj Sales $1.99B Beat $1.96B Estimate

Nokia Corp&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOK#NYSE">NOK</a>) reported a fiscal first-quarter 2024 net sales decline of 20% year-on-year (19% in constant currency) to €4.67 billion ($5.07 billion), missing the consensus of $5.10 billion. Comparable EPS was $0.10 (€0.09) versus the&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">consensus of $0.06</a>.&nbsp;
The reported net profit is €438 million, up from €289 million <a href="https://www.nokia.com/system/files/2024-04/nokia_results_2024_q1.pdf">a year ago</a>. Comparable net profit was €501 million, up from €342 million a year earlier.
Network Infrastructure sales declined by 26% year over year in CC due to the weak demand environment. Cloud and Network Services sales decreased by 13% year over year in CC. Nokia Tech sales climbed by 216% year over year, driven mainly by signing patent license agreements with OPPO, Vivo, and other licensees.
Mobile Network sales declined by 37% year over year in CC due to some moderation in the pace of 5G deployment in India. Net sales slowed primarily due to North America, where demand remained weak.
Margins:&nbsp;Gross margin climbed by 1,040 bps to 47.9%, and comparable gross margin improved by 1,090 bps to 48.6%. The margins reflected the benefits of the catch-up net sales in Nokia Technologies and strong improvements in Mobile Networks gross margin, in part due to a more favorable regional and product mix.
The operating margin increased by 130 bps to 8.6%, and the comparable operating margin grew by 460 bps to 12.8% as licensing catch-up net sales more than made up for low net sales coverage of operating expenses impacting other business groups.
Nokia&nbsp;held €5.1 billion in cash and equivalents and generated €955 million in free cash flow.
Dividend and Buyback:&nbsp;The Board resolved to distribute a dividend of €0.04 per share.
FY24 Outlook:&nbsp;Nokia&nbsp;<a target="_blank" href="https://www.benzinga.com/news/earnings/24/01/36775961/nokias-sales-slide-despite-big-deals-with-apple-and-samsung-whats-next-for-this-tech-giant" rel="noreferrer noopener">reaffirmed 2% – 8% growth</a>&nbsp;for Network Infrastructure sales, (15)% – (10)% change in Mobile Networks sales, and (2)% – 3% change in Cloud and Network Services sales.
Nokia reiterated comparable operating profit of between €2.3 billion – €2.9 billion and free cash flow conversion from a comparable operating profit of 30% – 60%.
The&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">fiscal 2024 revenue</a>&nbsp;and adjusted EPS consensus are $23.56 billion and $0.36.
Nokia stock plunged 29% in the last 12 months. Investors can gain exposure to the stock via&nbsp;IShares U.S. Digital Infrastructure And Real Estate ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IDGT#NYSE">IDGT</a>) and&nbsp;Defiance Quantum ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QTUM#NYSE">QTUM</a>).
Price Action: NOK shares traded higher by 0.90% at $3.36 premarket Thursday.
Image: Nokia

Guidance

Eurozone

iShares U.S. Digital Infrastructure and Real Estate ETF

IDGT

QTUM

Despite Revenue Dip, Nokia's Q1 Net Profit and Technology Patents Fuel Growth

Bernstein analyst Stephen Reitman maintains Ferrari (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RACE#NYSE">RACE</a>) with a Outperform and raises the price target from $448 to $512.

RACE

Bernstein Maintains Outperform on Ferrari, Raises Price Target to $512

This includes an estimated unfavorable currency impact of&nbsp;7 cents&nbsp;and excludes unfavorable operating losses for the run-off Proservia Germany business estimated at&nbsp;8 cents.&nbsp; Our&nbsp;guidance&nbsp;excludes any restructuring costs and any&nbsp;Argentina&nbsp;related impact of non-cash currency translation losses.&quot;

ManpowerGroup Sees Q2 EPS Of $1.24 and $1.34 Vs. Cons. $1.21

Former President Donald Trump responded to Jimmy Kimmel&#8216;s jokes about his <a href="https://www.benzinga.com/general/politics/24/04/38279176/trump-hush-money-trial-draws-reaction-from-congressman-talk-show-hosts-worse-than-anything-richa">ongoing legal issues </a>and the plummeting stock of his social media company, Truth Social.
What Happened: Trump took to his social media platform, to criticize Kimmel, <a href="https://www.benzinga.com/general/entertainment/24/04/38063881/jimmy-kimmel-finds-us-filthy-and-disgusting-after-staying-in-japan-for-a-week">the host of &#8220;Jimmy Kimmel Live!&#8221; </a>on Wednesday. He called Kimmel &#8220;stupid&#8221; and a &#8220;fool,&#8221; and also took a dig at Kimmel&#8217;s performance as the Oscars host.
"Stupid Jimmy Kimmel, who still hasn't recovered from his horrendous performance and big ratings drop as Host of The Academy Awards, especially when he showed he suffered from TDS, commonly known as TRUMP DERANGEMENT SYNDROME, to the entire World by reading on air my TRUTH about how bad a job he was doing that night," Trump wrote, adding, "Supposedly his wife, and even management, begged him not to do it, ‘DON'T READ HIS TRUTH, JIMMY, PLEASE DON'T DO THIS,' they said."
<figure class="wp-block-image size-full"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/18071150/Screenshot-2024-04-18-at-4.41.44%E2%80%AFPM.png" alt="" class="wp-image-297632" /></figure>
Trump&#8217;s response came after Kimmel made a series of jokes about the former president&#8217;s legal troubles and the <a href="https://www.benzinga.com/general/social-media/24/04/38296353/trump-media-stock-roller-coaster-ride-continues-after-live-tv-platform-announcement">stock plunge of his media company</a>, Trump Media &amp; Technology Group, the parent company of Truth Social.
Kimmel&#8217;s monologue on Tuesday targeted Trump&#8217;s ongoing trial, his social media posts, and his company&#8217;s falling stock prices. "Only Donald Trump would complain about being under a gag order while violating that very gag order," Kimmel joked.
He also made jokes about <a href="https://www.benzinga.com/news/24/04/38283731/trumps-lawyer-denies-ex-president-fell-asleep-during-hush-money-trial-hes-probably-brutally-bored">Trump allegedly falling asleep </a>in the courtroom and the reasons behind the hush money trial. "He's very sleepy. Is it possible his lawyers are tranquilizing him, to keep the outbursts at a minimum?&#8221;
See Also: <a href="https://www.benzinga.com/markets/asia/24/04/38242468/former-trump-aide-scaramucci-urges-keeping-ex-president-as-far-from-the-white-house-as-possible-afte?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Former Trump Aide Scaramucci Urges Keeping Ex-President &#8216;As Far From The White House As Possible&#8217; After I</a>
Why It Matters: Trump is currently facing 34 criminal counts of falsifying business records in connection to <a href="https://www.benzinga.com/news/24/03/38012844/amid-donald-trumps-attacks-on-judges-and-prosecutors-michael-cohen-says-ex-president-is-trying-to-fu">reimbursements to his ex-fixer</a>, Michael Cohen, who paid adult film star Stormy Daniels $130,000 to stay quiet about an alleged affair she had with the former president ahead of the 2016 election.
Kimmel has been a vocal critic of Trump, often using his show to mock the former president. Earlier this month, Kimmel <a href="https://www.benzinga.com/news/24/04/38042265/jimmy-kimmel-mocks-trumps-truth-social-rant-if-that-was-your-dad-youd-have-him-put-away-right">mocked Trump&#8217;s Easter social media rant</a> and also made fun of Trump&#8217;s daughter-in-law and RNC co-chair, Lara Trump, who chose Easter to release her new song, &#8220;Anything Is Possible,&#8221; which was contrasted with Beyonce&#8217;s acclaimed album &#8220;Cowboy Carter,&#8221; released the same day.
As the 2024 presidential election approaches, Trump is preparing to challenge <a href="https://www.benzinga.com/general/politics/24/03/37860312/jimmy-kimmel-vs-donald-trump-talk-show-host-continues-war-of-words-i-love-that-this-bothered-him" target="_blank" rel="noreferrer noopener">President Joe Biden</a> once again. <a href="https://www.realclearpolitics.com/" target="_blank" rel="noreferrer noopener">According</a> to Real Clear Politics, at the national level, Trump held 45.6% support among voters, While Biden trailed with 45.4% support.
Read Next: <a href="https://www.benzinga.com/news/24/04/38270988/elon-musk-reacts-after-trump-posts-screenshot-of-tesla-ceos-post-about-lawfare-not-being-applied-equ?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Reacts After Trump Posts Screenshot Of Tesla CEO&#8217;s Post About &#8216;Lawfare:&#8217; &#8216;Not Being Applied Equ</a>

Politics

Trump Claps Back After Jimmy Kimmel Mocks Ex-President's Hush Money Trial, Plummeting DJT Stock: 'Stupid...Fool'

Commodities

Contracts

Renew Energy Global Signed An Initial Agreement With Jera Co To Jointly Evaluate Development Of A Green Ammonia Production Project In India

Guidance for FY25: &nbsp;&bull; Revenue growth of 1%-3% in constant currency &bull; Operating margin of 20%-22%&nbsp;

Infosys Expects FY25 Revenue Growth of 1%-3% in Constant Currency Vs $19.5B Est, Operating Margin of 20%-22%

ManpowerGroup (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MAN#NYSE">MAN</a>) reported quarterly earnings of $0.94 per share which beat the analyst consensus estimate of $0.91 by 3.3 percent. This is a 41.61 percent decrease over earnings of $1.61 per share from the same period last year. The company reported quarterly sales of $4.40 billion which missed the analyst consensus estimate of $4.42 billion by 0.38 percent. This is a 7.34 percent decrease over sales of $4.75 billion the same period last year.

ManpowerGroup Q1 Adj. EPS $0.94 Beats $0.91 Estimate, Sales $4.40B Miss $4.42B Estimate

Biotech

BNTC

Benitec Biopharma Reports Interim Clinical Trial Data For First OPMD Subject Treated With BB-301 In Phase 1b/2a Study; Says 'BB-301 facilitated improvements across multiple measures of swallowing function in the first Phase 1b/2a clinical study subject as compared to pretreatment assessments conducted during the observational natural history portion of the study'

Alliance Global Partners analyst Brian Kinstlinger initiates coverage on Spire Global (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPIR#NYSE">SPIR</a>) with a Buy rating and announces Price Target of $22.

Initiation

SPIR

Alliance Global Partners Initiates Coverage On Spire Global with Buy Rating, Announces Price Target of $22

Macro Economic Events

Global

Economics

Iran's Guards Commander Haghtalab Says Ready To Launch 'Powerful Missiles To Destroy Designated Targets' In Israel

Infosys (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/INFY#NYSE">INFY</a>) reported quarterly earnings of $0.23 per share which beat the analyst consensus estimate of $0.17 by 35.29 percent. This is a 27.78 percent increase over earnings of $0.18 per share from the same period last year. The company reported quarterly sales of $4.56 billion which beat the analyst consensus estimate of $4.52 billion by 0.97 percent. This is a 0.22 percent increase over sales of $4.55 billion the same period last year.

Infosys Q4 EPS $0.23 Beats $0.17 Estimate, Sales $4.56B Beat $4.52B Estimate

Under the terms of the risk-sharing partnership, Evotec will receive undisclosed research funding and may receive pre-clinical and clinical milestones and/or royalties dependent on the success of the program.&nbsp;

Evotec, Variant Bio Announce Collaboration Agreement To Identify Treatment For Diseases Caused By Fibrosis.

Infosys to Snap Engineering R&D Services Provider in-tech Focused on German Automotive Industry for Terms Undisclosed

WIIM

Genuine Parts Company shares are trading higher after the company reported a Q1 EPS beat and raised its FY24 guidance.

Notable earnings after Monday's close

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
FinVolution Gr (NYSE:<a href="https://investorplace.com/stock-quotes/finv-stock-quote/">FINV</a>) just reported results for the fourth quarter of 2023.<ul><li>FinVolution Gr reported earnings per share of 29 cents.</li><li>The company reported revenue of $454.03 million.</li><li>This was 0.24% worse than the analyst estimate for revenue of $455.12 million.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
		<ul><li>
						<a href="https://investorplace.com/2023/10/no-1-ai-investment-might-be-this-company-youve-never-heard-of/?cid=MKT764787&amp;eid=MKT793992">The #1 AI Investment Might Be This Company You&rsquo;ve Never Heard Of</a>
					</li>
																<li>
						<a href="https://investorplace.com/2024/02/wall-street-legend-issues-urgent-ai-code-red/?cid=MKT781156&amp;eid=MKT793990">&ldquo;America&rsquo;s Top Trader&rdquo; Issues A.I. Code Red: Act Now or Miss Out</a>
					</li>
																<li>
						<a href="https://investorplace.com/2021/01/one-percenter-issues-urgent-warning/?cid=MKT499868&amp;eid=MKT793999">It doesn&rsquo;t matter if you have $500 or $5 million. Do this now.</a>
					</li>
									</ul><div>
			<div></div>
						<div></div>
					</div>
	The post <a href="https://investorplace.com/earning-results/2024/03/finv-stock-earnings-finvolution-gr-for-q4-of-2023/">FINV Stock Earnings: FinVolution Gr Misses Revenue for Q4 2023</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

FINV Stock Earnings: FinVolution Gr Misses Revenue for Q4 2023

FinVolution Group hikes annual dividend by 10.2% to $0.237

FinVolution Non-GAAP EPADS of $0.29, revenue of $454M; initiates FY24 outlook

FinVolution Group (FINV) Q4 2023 Earnings Call Transcript

FinVolution Group 2023 Q4 - Results - Earnings Call Presentation

Finvolution Group (FINV) has released an update. FinVolution Group has reported a significant year-over-year growth for Fiscal Year 2023, with a re...

FinVolution Group Achieves Record Growth in 2023

FinVolution's International Adventure Bears Fruit

Jefferies analyst Thomas Chong maintained a Buy rating on FinVolution Group (FINV – Research Report) today and set a price target of $5.80. The com...

Jefferies Sticks to Their Buy Rating for FinVolution Group (FINV)

FinVolution Q4 2023: Striking A Balance Between Growth And Shareholder Returns

ALPN

AUGX

BTBT

CMTL

EYEN

LTRN

NCMI

PRSO

RAIL

STNE

XIACF

ZEPP

Fintech

Press Releases

FinVolution Group Announces Continued Purchase of Shares by Senior Management

FinVolution Group Announces Third Share Repurchase Program of up to US$150 million

FinVolution Group Reports Third Quarter 2023 Unaudited Financial Results

Insurance

Leapstack has raised nearly 200 million RMB in Series C+ Funding, building a diversified technological value chain for health insurance

Asian Financial Services Stocks Could Soar As Economic Tailwinds Intensify (AGBA, MNY, FINV, YRD)

Asian Financial Services Stocks Could Soar As Economic Tailwinds Intensify

FinVolution Group to Report Fourth Quarter and Fiscal Year 2023 Financial Results on Monday, March 18, 2024

FinVolution Group Reports Fourth Quarter and Fiscal Year 2023 Unaudited Financial Results

FinVolution Group Announces 10.2% Increase in Year-End Dividend to US$0.237 per ADS

FinVolution's Philippine Subsidiary Cooperates with SeaBank Philippines, Propelling Regional Growth

AGBA

Ally Financial

American Express

Bread Financial Holdings, Inc. Common Stock

Bread Finl Hldgs

Credit Acceptance Corporation - Common Stock

Credit Acceptance

Capital One Financial Corporation Common Stock

Capital One Finl

Discover Finl

Encore Capital Gr

Enova International

FirstCash Hldgs

Joint Stock Company Kaspi.kz - American Depository Shares

Kaspi.kz

LendingClub

Lufax Holding Ltd American Depositary Shares, each representing two (2) Ordinary Shares