LendingClub Corporation (LC)
| Market Cap | 904.27M |
| Revenue (ttm) | 864.62M |
| Net Income (ttm) | 38.94M |
| Shares Out | 110.41M |
| EPS (ttm) | 0.36 |
| PE Ratio | 22.75 |
| Forward PE | 34.05 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 1,349,706 |
| Open | 8.15 |
| Previous Close | 8.20 |
| Day's Range | 8.08 - 8.27 |
| 52-Week Range | 4.73 - 10.92 |
| Beta | 1.99 |
| Analysts | Strong Buy |
| Price Target | 10.88 (+32.85%) |
| Earnings Date | Apr 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]
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 StatementsAnalyst Forecast
According to 4 analysts, the average rating for LC stock is "Strong Buy." The 12-month stock price forecast is $10.88, which is an increase of 32.85% from the latest price.
News
LendingClub Schedules First Quarter 2024 Earnings Release and Conference Call
SAN FRANCISCO , April 9, 2024 /PRNewswire/ -- LendingClub Corporation (NYSE: LC), the parent company of LendingClub Bank, America's leading digital marketplace bank, announced that it will report earn...
LendingClub CEO Sees Credit-Card Delinquencies Normalizing
LendingClub Corp. Chief Executive Officer Scott Sanborn said consumer credit-card delinquencies have risen but “appear to be normalizing." He speaks on "Bloomberg Markets.
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...
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...
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...
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...
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...
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...
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,...
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 ...
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.
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...
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...
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...
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...
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 ...
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.
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/...
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...
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...
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...
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...
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...
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 ...
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...