LendingClub Corporation (LC)

NYSE: LC · IEX Real-Time Price · USD
8.30
+0.18 (2.22%)
Feb 27, 2024, 4:01 PM EST - Market closed
2.22%
Market Cap 916.96M
Revenue (ttm) 864.62M
Net Income (ttm) 38.94M
Shares Out 110.41M
EPS (ttm) 0.36
PE Ratio 23.06
Forward PE 34.94
Dividend n/a
Ex-Dividend Date n/a
Volume 704,059
Open 8.23
Previous Close 8.12
Day's Range 8.18 - 8.37
52-Week Range 4.73 - 10.92
Beta 2.02
Analysts Buy
Price Target 10.70 (+28.92%)
Earnings Date Jan 30, 2024

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]

Industry Credit Services
Sector Financials
IPO Date Dec 11, 2014
Employees 1,025
Stock Exchange NYSE
Ticker Symbol LC
Full Company Profile

Financial Performance

In 2023, LendingClub's revenue was $864.62 million, a decrease of -27.17% compared to the previous year's $1.19 billion. Earnings were $38.94 million, a decrease of -86.56%.

Financial Statements

Analyst Forecast

According to 5 analysts, the average rating for LC stock is "Buy." The 12-month stock price forecast is $10.7, which is an increase of 28.92% from the latest price.

Price Target
$10.7
(28.92% upside)
Analyst Consensus: Buy
Stock Forecasts

News

LendingClub Completes Standard Operating Agreement for New Bank

LendingClub exited the standard operating agreement for a new bank with the Office of the Comptroller of the Currency, having met all the requirements noted in the operating agreement. The company now...

25 days ago - PYMNTS

LendingClub Reports Fourth Quarter and Full Year 2023 Results

Increased Marketplace Originations 21% QoQ with $1B of Structured Certificates Sold Continued GAAP Profitability with Strong Capital & Liquidity Levels SAN FRANCISCO , Jan. 30, 2024 /PRNewswire/ -- Le...

4 weeks ago - PRNewsWire

LendingClub Schedules Fourth Quarter and Full Year 2023 Earnings Release and Conference Call

SAN FRANCISCO , Jan. 10, 2024 /PRNewswire/ -- LendingClub Corporation (NYSE: LC), the parent company of LendingClub Bank, America's leading digital marketplace bank, announced that it will report earn...

6 weeks ago - PRNewsWire

Nearly 60% of Credit Cardholders in the U.S. Live Paycheck to Paycheck

40% of Paycheck-to-Paycheck Consumers Report Super-Prime Credit Scores 43% of All Cardholders Have Had a Revolving Balance on Their Credit Cards in 2023, An Increase From 41% in 2022 SAN FRANCISCO , D...

2 months ago - PRNewsWire

77 Percent of Consumers Plan to Participate in the 2023 Holiday Shopping Season

60 Percent Cite Access to Fewer Resources as Reason to Spend Less Overall More Than One-Third of Consumers Plan to Use Savings to Cover Holiday Spending Nearly One-Third of Consumers Intend to Use One...

3 months ago - PRNewsWire

LendingClub's Structured Loan Certificates Program Reaches $1 Billion Mark

LendingClub has crossed the $1 billion mark in personal loans sold through its Structured Loan Certificates Program (SLCLC Program) since the launch of that program in April.  The company expects to d...

3 months ago - PYMNTS

LendingClub Bank Crosses $1 Billion Personal Loans Sold Through Its Structured Loan Certificates Program

Davidson Kempner Capital Management LP, Atalaya Capital Management, Nelnet, Inc. and Värde Partners Join Growing list of Marketplace Loan Investors Seeking Competitive Yield    SAN FRANCISCO , Nov. 9,...

3 months ago - PRNewsWire

Consumers Deplete an Average of 67% of All Available Savings Once Every Four Years

Nearly 8 Out of 10 Consumers Have Depleted Savings to Cover a Major Expenditure  Conversely, over One-Third of Consumers Earning More than $200,000 Annually Have Increased Their Savings Ability   SAN ...

4 months ago - PRNewsWire

LendingClub Promotes New Products to Offset Decline in Loan Originations

LendingClub saw loan originations continue to decline in the quarter ended Sept. 30 as bank investors remain cautious.

4 months ago - PYMNTS

LendingClub Reports Third Quarter 2023 Results

Continued GAAP Profitability With Strong Capital & Liquidity Levels Doubles Issuance of Structured Certificates With New Buyers Added to Platform SAN FRANCISCO , Oct. 25, 2023 /PRNewswire/ -- LendingC...

4 months ago - PRNewsWire

LendingClub Cutting 14% of Workforce as Interest Rates Pressure Marketplace

LendingClub is laying off 172 employees — about 14% of its workforce — to reduce costs and navigate the “challenging macroenvironment.” The move will result in savings of about $30 million to $35 mill...

4 months ago - PYMNTS

LendingClub to cut staff by around 14%

LendingClub Corp. LC, -6.19% on Thursday said it would reduce its workforce by around 14%, or 172 employees, as it navigates what it said were “macroeconomic headwinds and the resulting pressure in ou...

4 months ago - Market Watch

LendingClub Aligns Cost Structure to Evolving Macroeconomic Environment

Expects Annualized Run-Rate Savings of $30 to $35 Million Provides Preliminary Select Financial Results for Third Quarter 2023 Schedules Third Quarter 2023 Earnings Release and Conference Call SAN FRA...

4 months ago - PRNewsWire

Nearly Half of U.S. Consumers Report Their Financial Livelihood Fluctuates Seasonally

LendingClub and PYMNTS Intelligence's Research Shows One-Third of Consumers Cite Costs of Events and Celebrations During the Holiday Season Spending as the Key Driver of Financial Distress; Credit is ...

5 months ago - PRNewsWire

LendingClub Picks Santander as Auto Refinancing Partner

LendingClub has tapped Santander Consumer as the primary loan servicer for its auto refinance portfolio.  The partnership, announced Tuesday (Sept.

Other symbols: SAN
6 months ago - PYMNTS

29% of Gen Z Consumers Living Paycheck to Paycheck Cite Nonessential Spending as a Cause for Financial Distress

LendingClub and PYMNTS Research Shows a Majority of Consumers Purchase "Nice-to-Have" Grocery and Retail Items, Whether or Not They Live Paycheck to Paycheck SAN FRANCISCO , Aug. 30, 2023 /PRNewswire/...

6 months ago - PRNewsWire

LendingClub and PYMNTS Research Shows 86% of Consumers Live with One or More People, Yet Those Living with Only Partners or Spouses Reap the Financial Benefits

Adult Males are Slightly More Likely to Live with Parents Than Their Female Counterparts 58% of Gen Z Consumers Live with Family Members SAN FRANCISCO , July 31, 2023 /PRNewswire/ --  LendingClub Corp...

7 months ago - PRNewsWire

LendingClub stock falls 5% after lender says ‘headwinds' likely to persist

Shares of LendingClub Corp. LC, +0.10% dropped more than 5% in the extended session Wednesday after the financial services company beat quarterly earnings expectations but said that it expected “headw...

7 months ago - Market Watch

LendingClub Reports Second Quarter 2023 Results

Continued Profitability with Strong Capital & Liquidity Levels Successful Launch of Structured Certificates Program SAN FRANCISCO , July 26, 2023 /PRNewswire/ -- LendingClub Corporation (NYSE: LC), th...

7 months ago - PRNewsWire

LendingClub Schedules Second Quarter 2023 Earnings Release and Conference Call

SAN FRANCISCO , July 10, 2023 /PRNewswire/ -- LendingClub Corporation (NYSE: LC), the parent company of LendingClub Bank, America's leading digital marketplace bank, announced that it will report earn...

8 months ago - PRNewsWire

Consumer Emergency Expenses Rise 16% Year-Over-Year to $1,700, Far Exceeding The $400 Benchmark

LendingClub and PYMNTS Research Shows Young and Affluent Are Hit More Frequently by Unexpected Expenditures SAN FRANCISCO , June 26, 2023 /PRNewswire/ -- LendingClub Corporation (NYSE: LC), the parent...

8 months ago - PRNewsWire

LendingClub to Participate in the Morgan Stanley U.S. Financials, Payments & CRE Conference on June 12th

SAN FRANCISCO , June 6, 2023 /PRNewswire/ -- LendingClub Corporation (NYSE: LC), the parent company of LendingClub Bank, America's leading digital marketplace bank, announced that its Chief Executive ...

9 months ago - PRNewsWire

69% of Americans in Urban Areas are Living Paycheck to Paycheck; 14 Percentage Points Higher than Suburban Consumers

Consumers Earning $100,000+ and Those Living in the West Saw the Highest Percentage Growth From a Year Ago SAN FRANCISCO , May 24, 2023 /PRNewswire/ -- LendingClub Corporation (NYSE: LC), the parent c...

9 months ago - PRNewsWire

LendingClub to Participate in the 2023 Barclays Emerging Payments & Fintech Forum on May 17th

SAN FRANCISCO , May 11, 2023 /PRNewswire/ --  LendingClub Corporation (NYSE: LC), the parent company of LendingClub Bank, America's leading digital marketplace bank, announced that its Chief Financial...

10 months ago - PRNewsWire

At 73%, Millennials Are the Most Likely Generation to Live Paycheck to Paycheck

66% of Generation Z Live Paycheck to Paycheck, Up Eight Percentage Points Year-Over-Year Report Reveals Significant Generational Differences in How the Rising Cost of Living Impacts Consumers' Financi...

10 months ago - PRNewsWire