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LendingClub Explodes 40% After Earnings: Here's Why It Can Go Even Higher

·4 min read
LendingClub Explodes 40% After Earnings: Here's Why It Can Go Even Higher
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Long-suffering shareholders of LendingClub (NYSE: LC) got extremely good news yesterday, after the company reported blowout second-quarter earnings. Now as a hybrid digital marketplace bank, rather than a mere fintech platform, LendingClub's new business model appears to be bearing fruit in a big way. LendingClub shareholders are celebrating today.