LC - LendingClub Corporation
| Previous Close | 13.51 |
| Open | 13.43 |
| Bid | 13.00 x 1000 |
| Ask | 13.95 x 800 |
| Day's Range | 13.01 - 13.57 |
| 52 Week Range | 12.30 - 20.15 |
| Volume | 418,330 |
| Avg. Volume | 717,134 |
| Market Cap | 1.138B |
| Beta (3Y Monthly) | 1.29 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -0.78 |
| Earnings Date | Nov 4, 2019 - Nov 8, 2019 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 21.46 |
- Thomson Reuters StreetEvents
Edited Transcript of LC earnings conference call or presentation 6-Aug-19 9:00pm GMT
Q2 2019 LendingClub Corp Earnings Call
- Bloomberg
LendingClub CEO’s Focus on ‘Areas We Can Control’ Sends Stock Up
(Bloomberg) -- LendingClub Corp.’s chief executive officer was able to please investors on a dark day for financial stocks by showing the online lending marketplace is adept at reining in costs.“We’ve been very focused, in what continues to be a dynamic environment...on areas we can control,” CEO Scott Sanborn said in a phone interview, noting that investors are looking for yield as interest rates decline for the first time in 10 years.The company’s shares rose the most intraday since May 8 after second-quarter results showed better-than-expected adjusted Ebitda and success in cost initiatives. Marketing and sales expenses as a percent of originations were 2.15%, which compares to an average of 2.48% in 2017, 2.4% in 2018 and 2.37% in the first quarter, according to the conference call.Sanborn said LendingClub is able to pivot for rate declines and for rate increases. In case there’s a recession, there are always “borrowers looking for credit and investors looking for yield,” he said. The CEO noted that personal loans are the fastest-growing loan category and LendingClub is growing even faster than the market.Looking at the big-picture, he said consumers appear healthy as “unemployment looks great” and “wages are going higher for the first time in forever.” However, broader macro issues -- like trade tensions and Brexit -- may have an impact.LendingClub saw about 14 million applicants for loans in 2018 and applications are now up about 25% to 30% year-over-year, he said. That’s growing faster than originations, which gained 11%, as the company tightened standards.Sanborn continues to view asset-backed securities as an attractive source of funding. That market “is an absolutely massive, scalable, repeatable source of capital we want to have the ability to tap into,” he said.He added that LendingClub is well-prepared for its plan to see a bank charter, as it already has many of the functions of a regulated institution without “the benefits a charter provides.”Sanborn also said he isn’t looking at a tie up with fintech company GreenSky Inc., which plans explore strategic alternatives. GreenSky shares are down for a sixth straight session.\--With assistance from Charles Williams.To contact the reporter on this story: Felice Maranz in New York at fmaranz@bloomberg.netTo contact the editors responsible for this story: Catherine Larkin at clarkin4@bloomberg.net, Will DaleyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Zacks
LendingClub (LC) Reports Loss in Q2, Revenues Improve Y/Y
LendingClub's (LC) Q2 earnings reflect lower expenses, higher revenue growth and upbeat outlook.
Motley FoolLendingClub (LC) Q2 2019 Earnings Call Transcript
LC earnings call for the period ending June 30, 2019.
- Zacks
LendingClub (LC) Reports Q2 Loss, Misses Revenue Estimates
LendingClub (LC) delivered earnings and revenue surprises of 90.00% and -0.45%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
- PR Newswire
LendingClub Launches Select Plus Platform
SAN FRANCISCO, Aug. 6, 2019 /PRNewswire/ -- LendingClub (LC), America's largest online marketplace connecting borrowers and investors, today announced the launch of Select Plus Platform that opens up the LendingClub marketplace to sophisticated investors to identify opportunities to approve borrowers who fall outside the current criteria. Last year, LendingClub received more than 14 million applications for loans originated by banks. This new custom program will reach those people across the credit spectrum who currently do not receive loan offers on the LendingClub platform because they fall outside of the existing criteria used by the bank lender.
- PR Newswire
LendingClub Reports Second Quarter 2019 Results
Record results with simplification program ahead of plan SAN FRANCISCO , Aug. 6, 2019 /PRNewswire/ -- LendingClub Corporation (NYSE: LC), America's largest online lending marketplace connecting borrowers ...
- Zacks
MoneyGram (MGI) Q2 Earnings Beat Estimates, Revenues Miss
MoneyGram's (MGI) Q2 results benefit from decline in expenses, which more than offset the decrease in revenues.
- Zacks
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.
- Zacks
Western Union (WU) to Post Q2 Earnings: What's in the Cards?
Western Union's (WU) Q2 results are likely to reflect lower revenues from its Consumer-to-Consumer segment and earnings dilution from sale of Speedpay business, partly offset by share buyback.
- Motley Fool
LendingClub's Reverse Stock Split: What Investors Need to Know
Is LendingClub headed for trouble, or could it pull another "Priceline?"
- PR Newswire
LendingClub Launches Next Generation Certificate Program
SAN FRANCISCO , July 22, 2019 /PRNewswire/ -- LendingClub Corporation (NYSE: LC), America's largest online lending marketplace connecting borrowers and investors, has issued to investors its next generation ...
- PR Newswire
LendingClub Schedules Second Quarter 2019 Earnings Release and Conference Call
SAN FRANCISCO , July 16, 2019 /PRNewswire/ -- LendingClub Corporation (NYSE: LC), America's largest online lending marketplace connecting borrowers and investors, announced that it will report earnings ...
- Zacks
American Express (AXP) to Report Q2 Earnings: What Awaits?
American Express (AXP) earnings should benefit from increase in revenues driven by higher spending, and lending and service fees.
- Benzinga
Morgan Stanley's Takeaways From LendingClub's Loan Numbers
LendingClub disclosed in an SEC filing that second-quarter standard loan volume rose 5% from last year and 9% from the prior quarter to $2.17 billion, Faucette said in a Friday note. Both of these figures were short of expectations for total origination growth of 10.8% from last year and 14.4% from the prior quarter, the analyst said. Standard loans represent 71% of LendingClub's origination mix, with the remaining 29% coming from custom loan channels like near/subprime, auto and SMB lending, Faucette said.
- Zacks
American Express Stock Up 30% in 1H19: How Will 2H Play Out?
American Express (AXP) seems well poised for growth in the second half of this year on the back of a number of tie-ups and strategic initiatives.
- PR Newswire
LendingClub Issues Over $2 Billion in CLUB Certificates
Closes $1 Billion in Just 6 months After Reaching the Program's First Billion in November 2018 SAN FRANCISCO , July 1, 2019 /PRNewswire/ -- LendingClub Corporation (NYSE: LC), America's largest online ...
- PR Newswire
LendingClub Announces Reverse Stock Split Effective Date
SAN FRANCISCO, June 28, 2019 /PRNewswire/ -- LendingClub Corporation (LC), America's largest online lending marketplace connecting borrowers and investors, today announced the effective date of a 1-for-5 reverse stock split of the Company's outstanding and treasury shares of its common stock, together with a proportionate reduction in the number of authorized shares of the Company's common stock, that was approved by stockholders at the Company's annual meeting on June 5, 2019. The intent of the reverse stock split is to reduce the annual listing fees with the New York Stock Exchange (NYSE) by reducing the number of outstanding shares of Company common stock, and also to facilitate investment in the Company's common stock by, among other things, exceeding minimum stock price thresholds for institutional investors and reducing brokerage fees as a percentage of the overall trading transaction.
- Moody's
Consumer Loan Underlying Bond (CLUB) Credit Trust 2019-P1 -- Moody's assigns definitive ratings to Consumer Loan Underlying Bond (CLUB) Credit Trust 2019-P1
Moody's Investors Service has assigned definitive ratings to the notes issued by Consumer Loan Underlying Bond (CLUB) Credit Trust 2019-P1 (CLUB 2019-P1), the first marketplace lending transaction issued from the CLUB platform this year. The ratings are based on the quality of the underlying collateral and its expected performance, the strength of the capital structure and fast amortization of the assets, and the experience and expertise of LendingClub as servicer and the back-up servicing arrangement with First Associates Loan Servicing, LLC (First Associates, unrated).
- Investopedia
The 6 Best Peer-To-Peer Lending Websites
Take a look at some of the most well-known and reputable peer-to-peer lending websites, their business models, and successes to date.
- PR Newswire
LendingClub Pays Off $40,000 Loan Of 3 Millionth Borrower
SAN FRANCISCO, June 21, 2019 /PRNewswire/ -- LendingClub Corporation (LC), America's largest online lending marketplace connecting borrowers and investors, today announced that it has helped more than 3 million borrowers on their paths to financial health. In May, Alice K., an army veteran and local law enforcement officer in New York, became LendingClub's 3 millionth member. "I initially came to LendingClub to consolidate my high-interest credit card debt and I'm thrilled that they've actually paid off my loan in full," said Alice K., a LendingClub member from Arverne, New York.
- PR Newswire
LendingClub Extends Balance Transfer to More Borrowers
SAN FRANCISCO, June 18, 2019 /PRNewswire/ -- After extensive testing, LendingClub (LC), America's largest online marketplace connecting borrowers and investors, today announced the broader launch of balance transfer. Supporting borrowers who are looking to consolidate debt or refinance their credit cards, balance transfer loans offer the ability to seamlessly pay credit cards and high-interest debt as part of the personal loan process. For many customers, balance transfer loans will also come with the most competitive rates through LendingClub.
- Moody's
Consumer Loan Underlying Bond (CLUB) Credit Trust 2019-P1 -- Moody's assigns provisional ratings to Consumer Loan Underlying Bond (CLUB) Credit Trust 2019-P1
Moody's Investors Service has assigned provisional ratings to the notes to be issued by Consumer Loan Underlying Bond (CLUB) Credit Trust 2019-P1 (CLUB 2019-P1), the first marketplace lending transaction issued from the CLUB platform this year.
