LC - LendingClub Corporation
| Previous Close | 14.72 |
| Open | 14.77 |
| Bid | 14.92 x 1800 |
| Ask | 14.88 x 800 |
| Day's Range | 14.74 - 15.07 |
| 52 Week Range | 12.30 - 20.15 |
| Volume | 625,956 |
| Avg. Volume | 734,571 |
| Market Cap | 1.311B |
| Beta (3Y Monthly) | 1.41 |
| 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 |
- Moody's
Consumer Loan Underlying Bond (CLUB) Credit Trust 2019-P2 -- Moody's assigns definitive ratings to Consumer Loan Underlying Bond (CLUB) Credit Trust 2019-P2
Moody's Investors Service has assigned definitive ratings to the notes issued by Consumer Loan Underlying Bond (CLUB) Credit Trust 2019-P2 (CLUB 2019-P2), the second marketplace lending transaction issued from the CLUB platform this year.
- Bloomberg
Hong Kong Gets Credit in Czech Tycoon’s IPO
(Bloomberg Opinion) -- Petr Kellner no doubt knows his timing is awful. The Czech Republic’s richest man, who controls multiple telecom firms at home and a bank in Russia, Kellner has been feeding China’s consumption habit by giving out small-value unsecured loans for over a decade.But it’s only now, when Beijing is fighting a trade and technology war on one hand, and trying to deflate a domestic credit bubble on the other, that his Home Credit BV has decided to go public. And of all possible IPO venues, Kellner has chosen Hong Kong, which has of late resembled more of a war zone between protesters and police than a thriving center of global finance. Amid skittish investor sentiment, brewer Anheuser-Busch InBev AB scrapped its Asian unit’s $9.8 billion flotation in July; Alibaba Group Holding Ltd. delayed its much-awaited $20 billion Hong Kong listing. Yet if you leave aside bad timing, Home Credit’s move has substance. The consumer finance firm, part of Kellner’s PPF Group NV, offers point-of-sale loans – think installment loans on fridges, TVs and smartphones at a store or online – as well as cash loans to borrowers who often don’t have bank accounts. Home Credit is looking to raise as much as $1 billion, Bloomberg News reported. If all goes well, a listing is possible in the next month or so.China accounts for nearly 63% of Home Credit’s loan book, though what it has outside the mainland isn’t insignificant. Its moat in Indonesia, Vietnam and the Philippines rivals the 30% share of the point-of-sale loan market it has closer to home in Eastern Europe and Russia and the 28% it commands in China.Even within China, Home Credit has protections. It’s not in the dreaded peer-to-peer lending space that Beijing has restricted after a spate of high-profile fraudsters bilked investors. Home Credit raises funds from banks and securitizing future cash flows, not from yield-starved individuals looking for quick returns. (It has its own bank licenses in Russia, Kazakhstan and the Czech Republic.)Home Credit has been China since 2007, old in consumer-finance terms, and was given a nationwide lending license in 2013. As one of the 27 licensed consumer-finance firms in China, it has access to the People’s Bank of China’s credit reference center. It’s not perfect and excludes a lot of online lending, but remains a useful guide to consumers’ credit history.There are pitfalls, including a sharp slowdown in economic growth in both China and India. Beijing's crackdown on the runaway consumer finance industry soured the lender's nonperforming credit ratio there to 9.7% by the end of 2018, though it has stabilized since. Borrowers under pressure to repay loans they took out elsewhere defaulted on their Home Credit obligations. Then there’s competition, especially from the likes of Alibaba Group Holding Ltd. and other fintech. Home Credit raises ticket size and tenor for better customers as it learns more about their creditworthiness. China's internet giants can probably learn just as much, and more quickly, without risking a single dollar. It will be a challenge to maintain an impressive 2.6% return on assets and a near 20% return on equity in the face of competition from machine learning and big data.The geopolitical risks are also crucial, with the U.S.-China trade war as a backdrop. The Czech Republic is a beachhead of Chinese President Xi Jinping’s Belt and Road project in Eastern Europe. Czech President Milos Zeman, eager to build ties, took Kellner to a meeting with Xi in 2014. But after the Czech cyber watchdog warned in December that Huawei Technologies Co. represented a threat to national security, the Chinese vendor is losing orders in the country. PPF Group’s Czech phone companies are under pressure to avoid using Huawei to develop its 5G network, Bloomberg News reported in March. It’s unclear whether fraying Chinese-Czech friendship will affect Home Credit. For now, it’s in a better place than the other big consumer lender owned by a foreigner: Dianrong, a P2P platform run by Soul Htite, co-founder of San Francisco-based LendingClub Corp. Earlier this year, the company, backed by Tiger Global Management and Standard Chartered Plc, cut thousands of staff and closed stores to comply with Beijing’s efforts to shrink the industry.China began cleaning up the P2P industry two years ago and asked players to register. So far, none, including Dianrong, seem to have received an approval. Without that registration, Lufax Holding Ltd., China's biggest P2P lender, is unlikely to list anytime soon. A different business model means Home Credit isn’t a bad play, whatever Kellner’s timing.To contact the authors of this story: Nisha Gopalan at ngopalan3@bloomberg.netAndy Mukherjee at amukherjee@bloomberg.netTo contact the editor responsible for this story: Patrick McDowell at pmcdowell10@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Nisha Gopalan is a Bloomberg Opinion columnist covering deals and banking. She previously worked for the Wall Street Journal and Dow Jones as an editor and a reporter.Andy Mukherjee is a Bloomberg Opinion columnist covering industrial companies and financial services. He previously was a columnist for Reuters Breakingviews. He has also worked for the Straits Times, ET NOW and Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
- Motley Fool
Are P2P Loans A Viable Investment for Your Portfolio?
Here's how you can play the part of a banker in real-life by investing in peer-to-peer loans.
- Moody's
Consumer Loan Underlying Bond (CLUB) Credit Trust 2019-P2 -- Moody's assigns provisional ratings to Consumer Loan Underlying Bond (CLUB) Credit Trust 2019-P2
Moody's Investors Service (Moodys) has assigned provisional ratings to the notes to be issued by Consumer Loan Underlying Bond (CLUB) Credit Trust 2019-P2 (CLUB 2019-P2), the second marketplace lending transaction issued from the CLUB platform this year.
- Motley Fool
3 Small-Cap Stocks With Big-Cap Potential
If you're looking for market-crushing returns, you've come to the right place.
- Thomson Reuters StreetEvents
Edited Transcript of LC earnings conference call or presentation 6-Aug-19 9:00pm GMT
Q2 2019 LendingClub Corp Earnings Call
- 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.
