LendingClub Corporation (LC)

NYSE: LC · IEX Real-Time Price · USD
10.09
-0.36 (-3.44%)
At close: Feb 3, 2023, 4:00 PM
10.18
+0.09 (0.89%)
After-hours: Feb 3, 2023, 7:27 PM EST
-3.44%
Market Cap 1.06B
Revenue (ttm) 1.19B
Net Income (ttm) 295.20M
Shares Out 105.09M
EPS (ttm) 2.82
PE Ratio 3.58
Forward PE 5.42
Dividend n/a
Ex-Dividend Date n/a
Volume 3,314,345
Open 10.12
Previous Close 10.45
Day's Range 9.99 - 10.52
52-Week Range 8.24 - 19.27
Beta 1.99
Analysts Buy
Price Target 15.88 (+57.38%)
Earnings Date Jan 25, 2023

About LC

LendingClub Corporation, operates as a bank holding company for LendingClub Bank, National Association that provides range of financial products and services through a technology-driven platform in the United States. The company provides commercial and industrial, commercial real estate, small business, and equipment loans, as well as leases equipment; and unsecured personal and auto, patient finance, and education finance loans. It also operates an online lending marketplace platform that connects borrowers and investors. LendingClub Corporati... [Read more]

Industry Credit Services
Sector Financials
IPO Date Dec 11, 2014
Employees 1,384
Stock Exchange NYSE
Ticker Symbol LC
Full Company Profile

Financial Performance

Financial Statements

Analyst Forecast

According to 15 analysts, the average rating for LC stock is "Buy." The 12-month stock price forecast is $15.88, which is an increase of 57.38% from the latest price.

Price Target
$15.88
(57.38% upside)
Analyst Consensus: Buy
Stock Forecasts

News

LendingClub Named a Winner of the 2023 Top Workplaces USA Award and is Included in the 2023 Bloomberg Gender-Equality Index

SAN FRANCISCO , Feb. 2, 2023 /PRNewswire/ -- LendingClub Corporation (NYSE: LC), the parent company of LendingClub Bank, America's leading digital marketplace bank, has earned the 2023 Top Workplaces ...

3 days ago - PRNewsWire

9.3 Million More U.S. Consumers Ended 2022 Living Paycheck to Paycheck Than in 2021

4 in 10 Consumers Expect Their Incomes to Keep Pace with Inflation in 2023 Consumers Likely To Shy Away from Large Purchases Such as Electronics, Appliances and Leisure Travel in 2023 SAN FRANCISCO , ...

6 days ago - PRNewsWire

LendingClub stock is on track for its biggest percentage drop in a year, as 2023 outlook gets cloudier

Shares of LendingClub Corp. were on pace for their biggest percentage drop in nearly a year on Thursday, as investors and analysts grew more concerned about the cautious outlook the online lending pla...

1 week ago - Market Watch

Marketplace Revenues Sink 28% as LendingClub Eyes Lower Loan Originations

LendingClub's results showed that higher interest rates are cutting into investors' demand to buy loans. The company said in its earnings materials on Wednesday (Jan. 25) that marketplace revenue is d...

1 week ago - PYMNTS

LendingClub (LC) Q4 Earnings Miss Estimates

LendingClub (LC) delivered earnings and revenue surprises of -5% and 2.72%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

1 week ago - Zacks Investment Research

LendingClub Reports Fourth Quarter and Full Year 2022 Results

Delivers Record Full Year Revenue and Earnings Growth Despite Challenging Environment SAN FRANCISCO , Jan. 25, 2023 /PRNewswire/ -- LendingClub Corporation (NYSE: LC), the parent company of LendingClu...

1 week ago - PRNewsWire

Looking for a Fast-paced Momentum Stock at a Bargain? Consider LendingClub (LC)

LendingClub (LC) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trad...

1 week ago - Zacks Investment Research

Looking for Stocks with Positive Earnings Momentum? Check Out These 2 Finance Names

The Zacks Earnings ESP is a great way to find potential earnings surprises. Why investors should take advantage now.

Other symbols: STAG
1 week ago - Zacks Investment Research

Is LendingClub (LC) Stock Undervalued Right Now?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest...

2 weeks ago - Zacks Investment Research

LendingClub Bank Wins Multiple Awards in GOBankingRates' "Best Online Banks of 2023" Lists

Listed as a Best Online Bank, a Best Neobank, a Best Online and Neobank Savings Account, and a Best Checking Account SAN FRANCISCO , Jan. 18, 2023 /PRNewswire/ -- LendingClub Bank, America's leading d...

2 weeks ago - PRNewsWire

Can LendingClub (LC) Climb 60.4% to Reach the Level Wall Street Analysts Expect?

The consensus price target hints at a 60.4% upside potential for LendingClub (LC). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimat...

2 weeks ago - Zacks Investment Research

LendingClub (LC) Expected to Beat Earnings Estimates: Should You Buy?

LendingClub (LC) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

2 weeks ago - Zacks Investment Research

Will LendingClub (LC) Beat Estimates Again in Its Next Earnings Report?

LendingClub (LC) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

3 weeks ago - Zacks Investment Research

LendingClub Cutting 225 Jobs as ‘Historic' Rate Hikes Throttle Demand

LendingClub is cutting 225 jobs as demand for loans falls due to rising interest rates. The cuts — which amount to 14% of the digital marketplace bank's workforce — come as a result of the “historic p...

3 weeks ago - PYMNTS

LendingClub slashing headcount by 225

LendingClub Corporation is slashing its headcount by 14%, the financial services firm announced on Thursday. That will equate to 225 workers losing their jobs.

3 weeks ago - Fox Business

LendingClub to lay off 14% of staff, as higher interest rates weigh

Online lending platform LendingClub Corp. on Thursday said it would lay off 225 employees, or 14% of its staff, as higher interest rates discourage borrowing and cut into revenue.

3 weeks ago - Market Watch

LendingClub Announces Plan to Streamline Operations

Expects Annualized Run-Rate Savings of $25-30 Million in Compensation and Benefits Provides Preliminary Financial Results for the Fourth Quarter and Full Year 2022 Schedules Fourth Quarter and Full Ye...

3 weeks ago - PRNewsWire

Time to Buy These 2 Financial Lending Stocks?

There could be huge upside potential for LendingTree and LendingClub and it may be time to look at these stocks while they are near multi-year lows.

Other symbols: TREE
3 weeks ago - Zacks Investment Research

Rising P/E: An Overlooked Way to Pick 5 Winning Stocks

Want to try a different approach? Tap five stocks with increasing P/E ratios.

Other symbols: CURIMNTXROOTZYNE
3 weeks ago - Zacks Investment Research

Down -11.51% in 4 Weeks, Here's Why You Should You Buy the Dip in LendingClub (LC)

LendingClub (LC) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising...

1 month ago - Zacks Investment Research

LendingClub Named Best Personal Loan for Fair Credit By NerdWallet's 2023 Best-Of Awards

NerdWallet's Annual Awards That Help Consumers Make Smart Financial Decisions Recognizes LendingClub as One of The Top Personal Loans Products SAN FRANCISCO , Jan. 4, 2023 /PRNewswire/ -- LendingClub ...

Other symbols: NRDS
1 month ago - PRNewsWire

7 Fintech and Tech Zombies to Sell Before 2023

After a rough year, there are plenty of tech stocks to sell. Unfortunately, investors now know that inflation is persistent.

Other symbols: AFRMALLYOMFSOFISQUPST
1 month ago - InvestorPlace

One-Third of Consumers Report They Are Not Currently Saving Any Money

Half of Consumers Say Inflation Has Diminished Their Capacity to Reach Their Long-Term Financial Goals SAN FRANCISCO , Dec. 15, 2022 /PRNewswire/ --  LendingClub Corporation (NYSE: LC), the parent com...

1 month ago - PRNewsWire

LendingClub's Award-Winning Bank Products Offer Members More Ways to Save and Grow Their Money

Members Earn 15x1 the National Average on its High-Yield Savings Account at a current APY2 of 3.25% Reward Checking Members Could Save Over $180 Annually SAN FRANCISCO , Dec. 5, 2022 /PRNewswire/ -- L...

2 months ago - PRNewsWire

LendingClub Acquires $1 Billion Personal Loan Portfolio

Seasoned, Quality Portfolio to Support Growth in Recurring Revenue SAN FRANCISCO , Dec. 2, 2022 /PRNewswire/ -- LendingClub Corporation (NYSE: LC) announced an agreement to acquire a $1.05 billion loa...

2 months ago - PRNewsWire