BUZZ-US-listed shares of Qifu Technology jump after Q4 results beat

Reuters
03-18
BUZZ-US-listed shares of Qifu Technology jump after Q4 results beat

** U.S.-listed shares of Chinese credit technology platform Qifu Technology QFIN.O jump 10.6% to $47.76

** Late Sunday, QFIN reported Q4 results above analysts' expectations and raised its semi-annual dividend

** BofA Global Research reiterates "buy" rating on QFIN, citing good growth and high capital return

** Citi Research says Q4 loan volume was better than expected amid improved retail demand and QFIN's increased risk appetite to accelerate lending

** All 12 brokerages covering the stock rate "buy" or higher; median PT is $45 - data compiled by LSEG

** QFIN shares up 24% YTD, including session moves

(Reporting by Arasu Kannagi Basil in Bengaluru)

((ArasuKannagi.Basil@thomsonreuters.com;))

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