Streetbeat News

LendingClub Corporation

https://www.lendingclub.com

Industry

Financial - Credit Services

LendingClub Corporation, operates as a bank holding company for LendingClub Bank, National Association that provides range of financial products and services through a technology-driven platform in the United States. The company provides commercial and industrial, commercial real estate, small business, and equipment loans, as well as leases equipment; and unsecured personal and auto, patient finance, and education finance loans. It also operates an online lending marketplace platform that connects borrowers and investors. LendingClub Corporation was incorporated in 2006 and is headquartered in San Francisco, California.

Open

16.59

Mkt cap

1.9B

Volume

753K

High

16.80

P/E Ratio

36.20

52-wk high

18.75

Low

16.51

Div yield

N/A

52-wk low

7.48

LendingClub's stock has been volatile since acquiring Radius Bank in 2021, but a more stable interest rate environment and potential rate cuts present growth opportunities. The company is expected to significantly grow earnings in 2025/2026 as loan originations increase.

Portfolio Pulse from

January 21, 2025 | 6:45 pm

LendingClub is seen as an attractive investment due to its growth opportunities, strong execution, and valuation below historical norms. The company has evolved into a mature financial institution with diverse loan products and innovative solutions, positioning it well for future growth.

Portfolio Pulse from

January 05, 2025 | 7:45 pm

LendingClub is poised for growth due to a favorable spread between credit card and personal loan rates, leading to increased demand for debt consolidation loans. The recent Fed rate cuts make LendingClub's loans more attractive, boosting demand from banks and asset managers. Despite a 73% rally, LendingClub's P/B ratio is still considered undervalued.

Portfolio Pulse from

December 19, 2024 | 6:30 am

LendingClub (LC) experienced a significant 8.2% surge in its stock price during the last trading session, driven by higher-than-average trading volume. However, the current trend in earnings estimate revisions suggests that this upward movement may not be sustained in the near term.

Portfolio Pulse from

December 17, 2024 | 7:15 pm

LendingClub was downgraded by an analyst despite a recent rally. The company has expanded its business beyond 2022 levels, and its stock is considered undervalued with potential for growth.

Portfolio Pulse from

December 04, 2024 | 7:45 pm

LendingClub (LC) has been upgraded to a Zacks Rank #2 (Buy), indicating increased optimism about its earnings prospects, which could lead to a rise in its stock price.

Portfolio Pulse from

November 21, 2024 | 6:15 pm

LendingClub (LC) has seen a 5.98% increase in its stock price over the past week, raising questions about its potential as a top pick for momentum investors.

Portfolio Pulse from

November 14, 2024 | 6:15 pm

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.

Portfolio Pulse from

November 05, 2024 | 12:30 pm

LendingClub Inc. (NYSE:LC) has seen a significant stock price increase, with a 29.08% rise over the past month and 143.19% over the past year. The company's P/E ratio of 38.29 is higher than the Consumer Finance industry's average of 27.46, suggesting potential overvaluation or expected future performance. Investors are advised to consider the P/E ratio alongside other financial metrics and qualitative analysis.

Portfolio Pulse from Benzinga Insights

October 31, 2024 | 2:30 pm

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