On September 27, 2024, at 2:23 PM EST, CNFinance Holdings Limited (CNF, Financial) saw a notable stock price increase of 5.14%. As of the latest update, CNF is trading at $0.999 per share with a trading volume of 17,395 shares, a turnover rate of 0.03%, and a price volatility of 6.32%.
Recent financial reports reveal that CNF generated a revenue of $260 million and a net profit of $23.23 million, resulting in an earnings per share (EPS) of $0.34. The company's current price-to-earnings (P/E) ratio stands at 3.98. Analyst ratings indicate a unanimous buy recommendation from the single institution that has rated the stock, with no hold or sell suggestions.
Within the banking sector, the overall decline was 0.45%. However, related stocks such as Onity Group Inc., Patriot National Bancorp, and Better Home & Finance Holding saw significant increases. Furthermore, Western Alliance Bancorporation, Onity Group Inc., and First Horizon National Corporation showed substantial trading activity with turnover rates of 3.40%, 1.50%, and 1.16% respectively. Notable volatility was observed in Onity Group Inc. (30.15%), Better Home & Finance Holding (15.26%), and SB Financial Group, Inc. (8.99%).
CNFinance Holdings Limited, based in Shenzhen, focuses on providing equity loan services to small and micro-enterprises. The company generates revenue through loan interest, financing service fees, and bank deposit interest. Its primary clientele consists of small business owners with real estate assets in China's major cities.
