|Bid||13.50 x 1000|
|Ask||15.88 x 800|
|Day's Range||13.79 - 14.28|
|52 Week Range||10.89 - 18.85|
|Beta (3Y Monthly)||1.59|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 5, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||20.00|
If you own shares in LendingClub Corporation (NYSE:LC) then it's worth thinking about how it contributes to the...
SAN FRANCISCO, Nov. 11, 2019 /PRNewswire/ -- LendingClub Corporation (LC), America's largest online lending marketplace connecting borrowers and investors, has been named the number one top workplace for mid-sized companies by The Salt Lake Tribune. The list is based solely on employee feedback gathered through a third-party survey administered by research partner Energage, LLC, a leading provider of technology-based employee engagement tools. In addition, LendingClub was recognized with a special award: Best Managers.
(Bloomberg) -- Explore what’s moving the global economy in the new season of the Stephanomics podcast. Subscribe via Pocket Cast or iTunes.Consumer spending continues to drive the U.S. economy, even amid hints of inconsistency in the broader economy, according to the chief executive officer of online personal loan company LendingClub Corp.“While the consumer remains strong, there’s volatility and a bit of anxiety,” CEO Scott Sanborn said in a phone interview after the company posted earnings. Consumers haven’t yet felt the impact of trade tensions, he added, but they may if higher tariffs start to bite.Big bank results last month showed vigorous consumer spending, with CEOs including JPMorgan Chase’s Jamie Dimon calling the consumer “healthy” and Bank of America Corp. getting an upgrade on consumer strength. Analysts called credit cards a “bright spot” in earnings. That contrasted with slower commercial lending, as per American Express Co. earnings and a recent Federal Reserve loan officer survey.LendingClub shares on Wednesday soared as much as 16%, the most intraday since May 8, after the company reported better-than-expected third-quarter results. Analysts highlighted progress on trimming expenses as employees move to Utah from San Francisco.Sanborn said he’s “thrilled” with LendingClub’s move to Utah. He noted that the company’s post-move real estate costs have fallen 50% and salary expenses have dropped 25%.LendingClub’s fastest-growing segment is now super-prime lending to the highest credit-quality borrowers, Sanborn said. Meanwhile, loans with “mature vintages” continue to see solid performance. The company’s number one “use case” continues to be customers swapping expensive credit card debt for cheaper personal loans, he said, adding that the spread between personal loans and credit cards is at a high.LendingClub is forging ahead with efforts to secure a bank charter, though “the timelines are tough to call,” he said. The company is already highly engaged with regulators and would like the “clarity” of having a primary charter.“We have all the procedures,” including costs, of a bank charter, Sanborn said. But LendingClub isn’t “getting the benefits.”To contact the reporter on this story: Felice Maranz in New York at email@example.comTo contact the editors responsible for this story: Catherine Larkin at firstname.lastname@example.org, Jennifer Bissell-LinskFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
LendingClub (LC) delivered earnings and revenue surprises of 800.00% and 0.31%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?
Shares of Lending Club Corp. edged higher in the extended session Tuesday after the company beat adjusted per-share earnings expectations and reported slightly higher-than-expected sales in its third quarter. LendingClub said it lost $400,000, breakeven on a per-share basis, in the quarter, compared with a loss of $22.7 million, or 27 cents a share, in the third quarter of 2018. Adjusted for one-time items, the company earned $8 million, or 9 cents a share, versus a loss of $7.3 million, or 9 cents a share, a year ago. Revenue rose 11% to $204.9 million, LendingClub said. Analysts polled by FactSet had expected adjusted earnings of 1 cent a share on sales of $204.6 million. LendingClub also tweaked its full-year 2019 revenue guidance to between $760 million and $770 million, and said it expected an adjusted 2019 net loss in a range between a $5 million loss to breakeven year. LendingClub had ended the regular trading day down 3.8%.
Break-Even GAAP Earnings Per Share and Adjusted Earnings Per Share of $0.09 SAN FRANCISCO , Nov. 5, 2019 /PRNewswire/ -- LendingClub Corporation (NYSE: LC), America's largest online lending marketplace ...
LendingClub (NYSE: LC ) announces its next round of earnings this Tuesday, November 5. Here's Benzinga's look at LendingClub's Q3 earnings report. Earnings and Revenue Based on management's projections, ...
LendingClub (LC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Before we spend days researching a stock idea we like to take a look at how hedge funds and billionaire investors recently traded that stock. Russell 2000 ETF (IWM) lagged the larger S&P 500 ETF (SPY) by more than 10 percentage points since the end of the third quarter of 2018. This means hedge funds […]
After revenues had dropped 85% overnight, new CEO Scott Sanborn helped the company gain back market share and arrive at the cusp of profitability.
SAN FRANCISCO , Oct. 15, 2019 /PRNewswire/ -- LendingClub Corporation (NYSE: LC), America's largest online lending marketplace connecting borrowers and investors, announced that it will report earnings ...
SAN FRANCISCO, Oct. 10, 2019 /PRNewswire/ -- LendingClub Corporation (LC), America's largest online marketplace connecting borrowers and investors, today announced the launch of LCX, a first-of-its-kind electronic marketplace designed to connect a broader array of institutional investors to its new digital platform. LCX delivers dynamic pricing and same day settlement of fully funded whole loans. The new platform also offers additional real-time insights on demand at the loan level, and provides the initial infrastructure needed for the development of a secondary market that will improve liquidity and value for this mainstream asset class.
Global Payments (GPN) integrates Netspend's digital Mastercard and mobile technology into Samsung Pay, Samsung's digital wallet, to expand the usage of smartphone transactions.
MoneyGram (MGI) partners with Agricultural Bank of Egypt to expand in the region. Notably, Egypt is the fifth biggest recipient of remittances in the world.
SAN FRANCISCO, Sept. 19, 2019 /PRNewswire/ -- LendingClub Corporation (LC), America's largest online credit marketplace, today announced that Michael Zeisser has joined as the newest member of its Board of Directors and will serve on the Nominating and Corporate Governance Committee and the Compensation Committee. "Michael is a seasoned public company board member and we're excited to have him on board," said Scott Sanborn, CEO of LendingClub.