LendingClub (LC) Is Up 2.01% in One Week: What You Should Know
Does LendingClub (LC) have what it takes to be a top stock pick for momentum investors? Let's find out.
LendingClub Stock Is Soaring. Strong Earnings May Bode Well for SoFi and Affirm.
J.P. Morgan analysts notes the lender's management says they are seeing bank partners return to the loan marketplace for the first time in about six quarters.
LendingClub Q3 Earnings: A Turnaround Stock As Interest Rates Decline (Upgrade)
I believe LendingClub's Q3 2024 earnings report was a solid, and the market rewarded it with a 6% increase in its share price. The company is capitalizing on favorable market conditions with consistent loan origination growth and a strategic $1.3 billion loan portfolio acquisition. I am confident that LendingClub's strong loan origination growth, recent loan portfolio acquisition, and improved return on assets make it well-positioned for a turnaround.
LendingClub Loan Originations Surge 27% as Consumers Look to Consolidate Debt
LendingClub's latest quarterly results show an acceleration of loan originations, and banks have moved back to the company's platform as consumers look for ways to consolidate and pay down debt — particularly credit card debt. The company's earnings supplementals indicated that loan originations were up 6% sequentially to $1.
LendingClub Corporation (LC) Q3 2024 Earnings Call Transcript
LendingClub Corporation (NYSE:LC ) Q3 2024 Earnings Conference Call October 23, 2024 5:00 PM ET Company Participants Artem Nalivayko - Head, IR Scott Sanborn - CEO Drew LaBenne - CFO Conference Call Participants Tim Switzer - KBW Vincent Caintic - BTIG Giuliano Bologna - Compass Point John Hecht - Jefferies Brad Capuzzi - Piper Sandler Reggie Smith - JP Morgan Operator Good afternoon. Thank you for attending today's LendingClub Third Quarter 2024 Earnings Conference Call.
LendingClub (LC) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
The headline numbers for LendingClub (LC) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
LendingClub (LC) Beats Q3 Earnings and Revenue Estimates
LendingClub (LC) came out with quarterly earnings of $0.13 per share, beating the Zacks Consensus Estimate of $0.07 per share. This compares to earnings of $0.05 per share a year ago.
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.
