LendingClub Shares Plummet as Loan Originations Slow
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LendingClub's shares dropped 23% after hours due to decelerating growth in loan originations and cautious forward-looking guidance, despite some positive metrics in their latest quarterly results.
January 29, 2025 | 2:30 am
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LendingClub's shares fell 23% after hours due to slower growth in loan originations and cautious forward guidance, overshadowing positive quarterly metrics.
The significant drop in LendingClub's share price is attributed to the deceleration in loan origination growth and the company's cautious forward guidance, which outweighed the positive aspects of their quarterly results. This indicates a negative short-term impact on the stock price.
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IMPORTANCE 90
RELEVANCE 100