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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.

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The article highlights unusual options activity in the financial sector, focusing on large trades by 'whales' in various stocks. Notable trades include bearish put options for KKR, MS, and RILY, bullish call options for LC and V, and a mix of sentiments for other stocks like AFRM, COIN, WFC, JPM, and PYPL.

Portfolio Pulse from Benzinga Insights

August 23, 2024 | 5:35 pm

In the past three months, 7 analysts have rated LendingClub (NYSE:LC), with a mix of bullish and somewhat bullish sentiments. The average 12-month price target has increased by 17.01% to $13.07. Analysts from firms like JP Morgan and Wedbush have raised their price targets, reflecting positive sentiment. However, LendingClub faces financial challenges, including a decline in revenue growth and below-average net margin, ROE, and ROA.

Portfolio Pulse from Benzinga Insights

August 20, 2024 | 4:00 pm

JP Morgan analyst Reginald Smith maintains an Overweight rating on LendingClub (NYSE:LC) and raises the price target from $12 to $14.