Previous Close | 12.71 |
Open | 12.77 |
Bid | 13.11 x 1200 |
Ask | 13.52 x 900 |
Day's Range | 12.77 - 13.62 |
52 Week Range | 12.27 - 49.21 |
Volume | |
Avg. Volume | 2,081,295 |
Market Cap | 1.382B |
Beta (5Y Monthly) | 1.95 |
PE Ratio (TTM) | 13.28 |
EPS (TTM) | 1.02 |
Earnings Date | Jul 26, 2022 - Aug 01, 2022 |
Forward Dividend & Yield | N/A (N/A) |
Ex-Dividend Date | N/A |
1y Target Est | 31.21 |
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LendingClub Corporation (NYSE: LC), the parent company of LendingClub Bank, America's leading digital marketplace bank, today announced a major enhancement to its automated loan auction platform, LCX. Institutional investors can now sell LendingClub loans directly to each other on the platform, increasing liquidity for this market-leading asset via an efficient digital marketplace.
Down more than 26% so far this year, the Nasdaq Composite has been in a bear market for some time, while the S&P 500 briefly entered into bear market territory last week. While it has undoubtedly been a difficult year for many investors, bear markets inevitably return to bull markets. With that in mind, investors should prepare now and look for bargains while a bear market is in full swing because investors with a long-term outlook are often rewarded.
Take Roku (NASDAQ: ROKU), LendingClub (NYSE: LC), and PayPal Holdings (NASDAQ: PYPL), for example, each down at least 75% from their highs. Roku may not look cheap from the standpoint of traditional value metrics. Shares are changing hands at 99 times trailing earnings, 64 times free cash flows, and four times sales.