This Small-Cap Stock Is Up 63% in 2024. Here's Why a Historic Opportunity Could Send It Even Higher.
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A small-cap stock has surged 63% in 2024, driven by record consumer credit card debt and the potential for falling interest rates to further benefit the company.
November 05, 2024 | 12:30 pm
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LendingClub (LC) has seen a 63% increase in its stock price in 2024, largely due to record consumer credit card debt. The potential for falling interest rates could further enhance its financial performance.
LendingClub benefits from high consumer credit card debt as it may increase demand for its lending services. Additionally, falling interest rates could lower its borrowing costs, improving profitability.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 90