LendingClub Corporation (LC)
| Market Cap | 1.85B |
| Revenue (ttm) | 1.11B |
| Net Income (ttm) | 51.77M |
| Shares Out | 112.40M |
| EPS (ttm) | 0.46 |
| PE Ratio | 35.75 |
| Forward PE | 24.68 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 2,003,731 |
| Open | 15.99 |
| Previous Close | 16.30 |
| Day's Range | 15.84 - 16.99 |
| 52-Week Range | 7.48 - 18.75 |
| Beta | 2.04 |
| Analysts | Strong Buy |
| Price Target | 16.00 (-2.79%) |
| Earnings Date | Jan 28, 2025 |
About LC
LendingClub Corporation, operates as a bank holding company, that provides range of financial products and services in the United States. It offers deposit products, including savings accounts, checking accounts, and certificates of deposit. The company also provides loan products, such as consumer loans comprising unsecured personal loans, secured auto refinance loans, and patient and education finance loans; and commercial loans, including small business loans. In addition, it operates an online lending marketplace platform. The company was i... [Read more]
Financial Performance
In 2023, LendingClub's revenue was $1.14 billion, a decrease of -10.38% compared to the previous year's $1.27 billion. Earnings were $38.94 million, a decrease of -86.56%.
Financial StatementsAnalyst Forecast
According to 8 analysts, the average rating for LC stock is "Strong Buy." The 12-month stock price forecast is $16.0, which is a decrease of -2.79% from the latest price.
News
LendingClub: The Historic Debt Consolidation Opportunity Has Just Started
I believe the 750 bps spread between credit card rates and personal loan rates will drive continued demand for debt consolidation loans, leading to double-digit origination fee growth in 2025. The 75 ...
LendingClub: Too Early To Downgrade
LendingClub was downgraded by an analyst after the stock had seen a big rally in the last few months. The fintech has built a larger business set to top the peak results from 2022 prior to the interes...
Caught in a Loop: More Americans Are Unwittingly Ending Up on a Hamster Wheel of Credit Card Debt
Americans Swipe for Rewards and Convenience, But 40% Find Credit Card Debt is Taking a Toll on Their Mental Health SAN FRANCISCO , Nov. 19, 2024 /PRNewswire/ -- Most Americans are drawn to credit card...
LendingClub Stock Is Soaring. Strong Earnings May Bode Well for SoFi and Affirm.
J.P. Morgan analysts notes the lender's management says they are seeing bank partners return to the loan marketplace for the first time in about six quarters.
LendingClub Q3 Earnings: A Turnaround Stock As Interest Rates Decline (Upgrade)
I believe LendingClub's Q3 2024 earnings report was a solid, and the market rewarded it with a 6% increase in its share price. The company is capitalizing on favorable market conditions with consisten...
LendingClub Loan Originations Surge 27% as Consumers Look to Consolidate Debt
LendingClub's latest quarterly results show an acceleration of loan originations, and banks have moved back to the company's platform as consumers look for ways to consolidate and pay down debt — part...
LendingClub Corporation (LC) Q3 2024 Earnings Call Transcript
LendingClub Corporation (NYSE:LC) Q3 2024 Earnings Conference Call October 23, 2024 5:00 PM ET Company Participants Artem Nalivayko - Head, IR Scott Sanborn - CEO Drew LaBenne - CFO Conference Call P...
LendingClub Reports Third Quarter 2024 Results
Originations and Revenue Growth Supported by Return of Bank Buyers Total Assets Grew 25% Year to Date Driven by $1.3 Billion Purchase of LendingClub Loans Acquired Tally's Technology in October to Acc...
LendingClub: Bullish Ahead Of Q3 Earnings
Goldilocks macro backdrop provides tailwinds to LC's business model. Lower rates translate to higher marketplace volumes and margins. Asset Managers and Bank Investors are expected to come back to the...
LendingClub and Pagaya Acquire Tally's Credit Card Management Tech
LendingClub and AI lending network Pagaya have acquired Tally Technologies' intellectual property. Tally, a FinTech that helped consumers manage credit card debt, closed its doors in August.
LendingClub & Pagaya Acquire Assets of Tally Technologies
SAN FRANCISCO & NEW YORK--(BUSINESS WIRE)--LendingClub Corporation (NYSE: LC), operator of America's leading digital marketplace bank, and Pagaya Technologies LTD (NASDAQ: PGY), a global technology co...
LendingClub Schedules Third Quarter 2024 Earnings Release and Conference Call
SAN FRANCISCO , Oct. 3, 2024 /PRNewswire/ -- LendingClub Corporation (NYSE: LC), the parent company of LendingClub Bank, America's leading digital marketplace bank, announced that it will report earni...
Why LendingClub Is Currently My Favorite Value Stock
LendingClub, now a bank holding company, excels in proprietary data analysis, resulting in superior loan portfolios and high customer satisfaction ratings. The company's mobile app boosts member engag...
The Federal Home Loan Bank of Pittsburgh Relocates Headquarters; New Address Effective Oct. 15, 2024
PITTSBURGH--(BUSINESS WIRE)--FHLBank Pittsburgh will relocate our headquarters at close-of-business on Friday, Oct. 11, 2024, to 301 Grant Street, Suite 2000, Pittsburgh, PA 15219.
LendingClub Bank Launches LevelUp Savings
Members Who Regularly Save Are Rewarded With a 5.30% Annual Percentage Yield (APY) SAN FRANCISCO , Aug. 22, 2024 /PRNewswire/ -- LendingClub Bank, America's leading digital marketplace bank and a subs...
LendingClub: Levered Play On Soft Landing
LendingClub has outperformed SoFi Technologies by 23% since June 17th. LendingClub's balance sheet is mainly comprised of fixed-yield loan assets that would benefit from lower interest rates and avoid...
Nearly 50% of Americans Unaware Federal Interest Rate Hikes Raised Their Credit Card APR by Over 5 Percentage Points
SAN FRANCISCO , Aug. 13, 2024 /PRNewswire/ -- LendingClub Corporation (NYSE: LC), the parent company of LendingClub Bank, America's leading digital marketplace bank, has released new data revealing a ...
LendingClub Corporation (LC) Q2 2024 Earnings Call Transcript
LendingClub Corporation (NYSE:LC) Q2 2024 Earnings Conference Call July 30, 2024 5:00 PM ET Company Participants Artem Nalivayko - Head, Investor Relations Scott Sanborn - Chief Executive Officer Dre...
LendingClub Sees Traction Building ‘Lifetime Lending Relationships'
LendingClub's latest results noted growth in loan originations, a surge in repeat business — and cross-pollination efforts that management said reflect the ability to deepen, and lengthen, customer re...
LendingClub Reports Second Quarter 2024 Results
10% Sequential Originations Growth Strong Balance Sheet Growth with Stable Net Interest Margin Drives Increase in Revenue SAN FRANCISCO , July 30, 2024 /PRNewswire/ -- LendingClub Corporation (NYSE: L...
LendingClub Schedules Second Quarter 2024 Earnings Release and Conference Call
SAN FRANCISCO , July 11, 2024 /PRNewswire/ -- LendingClub Corporation (NYSE: LC), the parent company of LendingClub Bank, America's leading digital marketplace bank, announced that it will report earn...
Undercovered Dozen June 14-20: Bank of America Preferreds, Cisco, Matterport, And More
The 'Undercovered' Dozen highlights twelve ideas from the previous week on stocks with limited coverage. A third of the ideas this week are rated Strong Buys. Two-thirds of the picks this week are bul...
LendingClub's Structured Certificates Program Surpasses $3 Billion in Loans Sold
LendingClub has sold more than $3 billion in loans through its Structured LendingClub Loan Certificate program since the launch of that program in April 2023.
LendingClub Exceeds $3 Billion in Loans Sold Through Its Structured Certificates Program
SAN FRANCISCO , June 17, 2024 /PRNewswire/ -- LendingClub Corporation (NYSE: LC), the parent company of LendingClub Bank ("LendingClub"), America's leading digital marketplace bank, today announced th...
LendingClub Is Set To Outperform SoFi Technologies
LendingClub is trading at ~0.8x TBV, likely to melt up in a soft landing scenario. LC is also set to outperform SOFI in a hard landing due to a lower risk balance sheet and much higher capital buffers...