|Bid||7.97 x 800|
|Ask||7.98 x 800|
|Day's Range||7.61 - 8.17|
|52 Week Range||4.32 - 14.02|
|Beta (5Y Monthly)||1.15|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 16, 2021 - Feb 22, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||6.88|
One would be hard-pressed to find a more hated stock on Wall Street than LendingClub (NYSE: LC). Conceived as a two-sided marketplace for personal loans, the company has been disdained by investors ever since a May 2016 scandal in which management was caught fudging investor requirements to move more loans, and its portfolio of personal loans began to show more credit losses. LendingClub tightened credit, grew and diversified its loan investor base, and cut costs, making the company more resilient to a potential downturn.
This article will reflect on the compensation paid to Scott Sanborn who has served as CEO of LendingClub Corporation...
LendingClub (LC) delivered earnings and revenue surprises of 41.86% and 33.10%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?