LendingClub: Bullish Ahead Of Q3 Earnings
Goldilocks macro backdrop provides tailwinds to LC's business model. Lower rates translate to higher marketplace volumes and margins. Asset Managers and Bank Investors are expected to come back to the platform en masse.
LendingClub and Pagaya Acquire Tally's Credit Card Management Tech
LendingClub and AI lending network Pagaya have acquired Tally Technologies' intellectual property. Tally, a FinTech that helped consumers manage credit card debt, closed its doors in August.
Why LendingClub Is Currently My Favorite Value Stock
LendingClub, now a bank holding company, excels in proprietary data analysis, resulting in superior loan portfolios and high customer satisfaction ratings. The company's mobile app boosts member engagement, leading to repeat loans with near-zero acquisition costs and better credit performance. Declining interest rates and record-high credit card debt present significant growth opportunities for LendingClub's loan refinancing products.
LendingClub (LC) Upgraded to Strong Buy: What Does It Mean for the Stock?
LendingClub (LC) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
LendingClub: Levered Play On Soft Landing
LendingClub has outperformed SoFi Technologies by 23% since June 17th. LendingClub's balance sheet is mainly comprised of fixed-yield loan assets that would benefit from lower interest rates and avoiding a recession. The marketplace segment of LendingClub is expected to experience significant revenue growth in a soft landing scenario, potentially leading to a substantial increase in the stock price.
When Interest Rates Come Down, This Fintech Is Primed to Take Off
Fintech marketplaces were about the worst-hit sector from two years of rate hikes. But they have the potential to recover quickest in a "soft landing" scenario.
How Much Upside is Left in LendingClub (LC)? Wall Street Analysts Think 30.92%
The consensus price target hints at a 30.9% upside potential for LendingClub (LC). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.
What Makes LendingClub (LC) a New Strong Buy Stock
LendingClub (LC) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Are You Looking for a Top Momentum Pick? Why LendingClub (LC) is a Great Choice
Does LendingClub (LC) have what it takes to be a top stock pick for momentum investors? Let's find out.
LendingClub Corporation (LC) Q2 2024 Earnings Call Transcript
LendingClub Corporation (NYSE:LC ) Q2 2024 Earnings Conference Call July 30, 2024 5:00 PM ET Company Participants Artem Nalivayko - Head, Investor Relations Scott Sanborn - Chief Executive Officer Drew LaBenne - Chief Financial Officer Conference Call Participants Giuliano Bologna - Compass Point Vincent Caintic - BTIG Bill Ryan - Seaport Research Partners David Chiaverini - Wedbush Securities Reggie Smith - JPMorgan Brad Capuzzi - Piper Sandler Tim Switzer - KBW Operator Good afternoon. Thank you for attending today's LendingClub 2Q '24 Earnings Conference Call.
LendingClub Sees Traction Building ‘Lifetime Lending Relationships'
LendingClub's latest results noted growth in loan originations, a surge in repeat business — and cross-pollination efforts that management said reflect the ability to deepen, and lengthen, customer relationships. CEO Scott Sanborn noted on the conference call with analysts that originations were up 10% to more than $1.8 billion.
LendingClub (LC) Surpasses Q2 Earnings and Revenue Estimates
LendingClub (LC) came out with quarterly earnings of $0.13 per share, beating the Zacks Consensus Estimate of $0.04 per share. This compares to earnings of $0.09 per share a year ago.
