Summary
LC Chart
LendingClub: Marketplace Revenue Is Surging, But The Market Isn't Paying Attention
LendingClub Corporation (LC) has a strong lending base targeting the "motivated middle" that differentiates it from other fintechs. Compared to other fintechs, LendingClub has been unjustifiably left behind. LendingClub has changed the nature of its balance sheet by shifting its loan types from held-for-investment to held-for-sale, which I feel will drive revenue growth.
LendingClub: Taking The Next Step On Its Growth Journey
LendingClub recently reported strong third-quarter earnings results. LC also recently hosted an Investor Day, during which it announced a $100 million share repurchase program and new medium-term growth targets. Management expects to double loan originations.
Does LendingClub (LC) Have the Potential to Rally 26.57% as Wall Street Analysts Expect?
The consensus price target hints at a 26.6% 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.
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Lepanto Consolidated Mining Company Profile
| Financial Services Industry | Financials Sector | Scott C. Sanborn CEO | XPHS Exchange | PH5267322015 ISIN |
| US Country | 1,002 Employees | - Last Dividend | 8 Jul 2019 Last Split | 11 Dec 2014 IPO Date |
Overview
LendingClub Corporation, established in 2006 and based in San Francisco, California, marks its presence as a prominent bank holding company within the United States. The company has carved out a niche in the financial products and services sector, catering to a wide range of customer needs through its comprehensive offerings. Over the years, LendingClub has evolved, expanding its services beyond traditional banking products to include an innovative online lending marketplace platform, showcasing its adaptability and commitment to meeting the diverse financial needs of its clients.
Products and Services
LendingClub Corporation offers a broad spectrum of financial products and services designed to accommodate the various requirements of its clients. These offerings include:
- Deposit Products: The company provides a variety of deposit products aimed at ensuring the safekeeping and growth of clients' funds. These products include:
- Savings Accounts: Secure and flexible options for saving funds, offering competitive interest rates to help customers grow their savings over time.
- Checking Accounts: Convenient everyday banking solutions with features designed for easy access and management of funds.
- Certificates of Deposit: Fixed-term deposit accounts that offer higher interest rates compared to regular savings accounts, ideal for customers looking to safely invest their money for a specific period.
- Loan Products: LendingClub offers a variety of loan products tailored to meet the financial needs and goals of its clients. These products include:
- Consumer Loans: Includes unsecured personal loans for a wide range of purposes such as debt consolidation, home improvements, or major purchases. Secured auto refinance loans provide options for clients looking to better manage their existing auto loan expenses. Additionally, the company caters to specific financial needs through patient and education finance loans, offering tailored solutions for medical and educational expenses.
- Commercial Loans: Offers small business loans designed to support the growth and operational needs of small businesses, enabling them to thrive and expand.
- Online Lending Marketplace Platform: Beyond traditional banking services, LendingClub operates an innovative online marketplace platform. This platform connects borrowers with investors, facilitating personal and commercial loans outside the conventional banking system. This peer-to-peer lending approach provides an alternative financing route for both borrowers seeking competitive loan rates and investors looking for investment opportunities.
Contact Information
