LendingClub expects Loan originations of $1.8B to $1.9B and Pre-provision net revenue (PPNR) of $60M to $70M for Q4 2024.
Portfolio Pulse from Benzinga Newsdesk
LendingClub projects loan originations between $1.8B and $1.9B, and pre-provision net revenue (PPNR) of $60M to $70M for Q4 2024.
October 23, 2024 | 8:15 pm
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LendingClub has announced its financial expectations for Q4 2024, projecting loan originations between $1.8B and $1.9B, and pre-provision net revenue (PPNR) of $60M to $70M.
The announcement of expected loan originations and PPNR provides a positive outlook for LendingClub's financial performance in Q4 2024. This could lead to increased investor confidence and a potential rise in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100