LC - LendingClub Corporation
| Previous Close | 3.61 |
| Open | 3.60 |
| Bid | 3.52 x 42300 |
| Ask | 0.00 x 800 |
| Day's Range | 3.54 - 3.64 |
| 52 Week Range | 2.57 - 6.56 |
| Volume | 8,169,005 |
| Avg. Volume | 3,615,461 |
| Market Cap | 1.511B |
| Beta | 0.74 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -0.46 |
| Earnings Date | Nov 5, 2018 - Nov 9, 2018 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 5.04 |
- TechCrunch•2 hours ago
Understanding Renaud Laplanche's next Upgraded act
Renaud Laplanche spent ten years building LendingClub. Circumventing conventional banking channels for consumer credit began in 1996 when Chris Larsen started E-LOAN, which ultimately led to Prosper Marketplace. While LendingClub has struggled in the public markets since their late 2014 IPO, they have managed to propel their industry into significance, while rapidly expanding their share of the personal loan market to 10%.
- The Wall Street Journal•3 days ago
[$$] Some Companies Spend Plenty to Lure Executives Willing to Relocate
Senior managers are winning flexible schedules that allow them to commute long distances, extended temporary-housing contracts and bigger sums to cover money lost on home sales, recruiters and compensation specialists say. “Talented executives asked to relocate now have the power to get what they need from an employer,” said Hayes Reilly, a managing partner at Preston & Partners Talent Solutions, an executive-search firm. LendingClub Corp. spent nearly $6.4 million to bring two new top officers and their families to the San Francisco Bay Area in 2017, according to an analysis of data from company proxies by research firm Equilar Inc. That sum largely reflects $3 million in relocation bonuses for Steve Allocca, the new president, and Thomas Casey, LendingClub’s chief financial officer.
- Market Realist•5 days ago
Can LendingClub Seize the Opportunity Ahead?
LendingClub (LC) is a leader in the P2P (peer-to-peer) lending market, meaning that it’s well-positioned to capitalize on the strong demand for P2P loans. The global P2P lending market is expanding at a rate of 48.2% annually and is on track to hit $897.9 billion by 2024, according to Transparency Market Research. LendingClub operates an online platform that brings borrowers and lenders together.
- CNBC•6 days ago
LendingClub founder, ousted two years ago, pledges not to make the same mistakes in new start-up
Renaud Laplanche is taking steps to avoid the pitfalls he faced when running LendingClub. More than two years after his ouster from LendingClub LC , Renaud Laplanche still owns millions of dollars worth of stock in the company he created, even though he's since started a rival online lender that's rapidly growing. "I still very much believe in the company and the people who work there," Laplanche told CNBC.
- Market Realist•8 days ago
How Might FundsNow Affect PayPal’s Loans Business?
PayPal’s (PYPL) FundsNow program allows businesses to access their sales funds instantly instead of waiting for days or weeks, as has been typical over the years. Instant access to funds could allow borrowers to settle their PayPal loans faster. PayPal could end up facilitating more loans in a year than it did before it launched the FundsNow program.
Reuters•8 days agoNew York sues U.S. to stop fintech bank charters
New York state's top banking regulator on Friday sued the federal government to void its decision to award national bank charters to online lenders and payment companies, saying it was unconstitutional and put vulnerable consumers at risk.
- The Wall Street Journal•10 days ago
[$$] ‘Fintech Charter’ Has No Early Takers as Lawsuit Looms
A national banking regulator is offering cutting-edge financial firms a new pathway into the traditional banking system. The lack of immediate interest from the likes of LendingClub Corp., Square Inc., and others comes in large part from uncertainty about what activities the Office of the Comptroller of the Currency’s so-called fintech charter will allow, what regulatory requirements it will carry, and whether it will hold up in court. The OCC opened its door to formal applications July 31, giving the states a fresh legal angle to pursue after previous suits were deemed premature.
- Market Realist•12 days ago
Square Poised to Exceed Expectations
Square’s (SQ) expanding list of products and services could see the company capture a higher share of merchants’ operating expenditures. This trend could allow the company to grow its revenues faster than Wall Street currently expects, according to investment and advisory firm Guggenheim Partners.
- Market Realist•12 days ago
Square Launches Updated Basic Card Reader
Square (SQ) has released an improved model of its basic card reader device, a move that is expected to enable more small businesses to accept card-based payments.
- Reuters•12 days ago
Funding Circle plans October listing in British 'fintech' first
Funding Circle (IPO-FNIG.L) will test investor demand for British peer-to-peer lenders in a listing scheduled for October and expected to value it at more than 1.5 billion pounds. As the first of Britain's new breed of financial technology firms to IPO, the company backed by Danish billionaire Anders Holch Povlsen and launched in 2010 hopes to raise around 300 million pounds from the listing on the London Stock Exchange. Some in the financial industry are concerned about whether upstart peer-to-peer lenders challenging established banks will be able to weather an economic downturn and similar platforms in the United States have seen their shares tank after hitting problems.
- Motley Fool•15 days ago
Why LendingClub Corporation Stock Fell 12% Last Month
Shares of the online peer-to-peer lender dipped on a weak earnings report and news of an investigation.
- American City Business Journals•18 days ago
Fintech Upgrade doubling S.F. workforce after raising $62 million
Upgrade co-founder and CEO Renaud Laplanche said the startup expects to be profitable next year. The lending platform has originated more than $1 billion in consumer loans since its founding in 2016.
InvestorPlace•22 days ago4 Small-Cap Stocks That Are In Serious Trouble
U.S. equities moved lower on Thursday — the first decline in five sessions — as optimism around trade talks with Canada are eclipsed by a worsening situation in emerging market currencies. The company will next report results on Nov. 6, after the close.
- GlobeNewswire•22 days ago
Research Report Identifies Inter Parfums, Cedar Realty Trust, Choice Hotels International, LendingClub, Kohl's, and Energy Transfer Partners with Renewed Outlook — Fundamental Analysis, Calculating Forward Movement
NEW YORK, Aug. 31, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Inter ...
