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

15.33

Mkt cap

1.7B

Volume

1.1M

High

15.33

P/E Ratio

32.43

52-wk high

16.16

Low

14.79

Div yield

N/A

52-wk low

5.38

LendingClub shares rise following better-than-expected Q3 financial results.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2024 | 10:19 am

LendingClub shares rose following the release of their Q3 financial results, which exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2024 | 8:41 pm

LendingClub projects loan originations between $1.8B and $1.9B, and pre-provision net revenue (PPNR) of $60M to $70M for Q4 2024.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2024 | 8:15 pm

LendingClub reported Q3 2024 earnings of $0.13 per share, surpassing the analyst estimate of $0.07. Sales reached $201.881 million, exceeding the expected $190.458 million. This marks a slight increase from last year's sales of $200.849 million.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2024 | 8:12 pm

The article highlights significant options activity in the financial sector, with whale alerts indicating potential trading opportunities. Notable options trades include bearish puts for COIN, GS, and GPN, and bullish calls for LC, SCHW, and HOOD.

Portfolio Pulse from Benzinga Insights

October 23, 2024 | 5:35 pm

LendingClub's stock price is rising following an upgrade by Keefe, Bruyette & Woods from Market Perform to Outperform, with a price target increase from $11.5 to $15.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2024 | 2:29 pm

Several top Wall Street analysts have upgraded their ratings for major companies, including L3Harris Technologies, LendingClub, NIKE, Brinker International, and CVS Health. These upgrades reflect positive outlooks and increased price targets for these stocks.

Portfolio Pulse from Avi Kapoor

October 10, 2024 | 12:49 pm

Top Wall Street analysts have updated their price targets and ratings for several major companies, including Netflix, LendingClub, PayPal, Microsoft, ExlService, Intrusion, Braze, PAR Technology, NIKE, and Costco. Notable changes include Morgan Stanley raising Netflix's price target to $820 and Truist Securities upgrading NIKE to Buy.

Portfolio Pulse from Avi Kapoor

October 10, 2024 | 12:35 pm

LendingClub (NYSE:LC) has received mixed analyst ratings over the past three months, with a recent increase in average price targets. Analysts have raised their ratings and price targets, reflecting a more optimistic outlook. However, LendingClub faces financial challenges, including declining revenue and low profitability metrics.

Portfolio Pulse from Benzinga Insights

October 10, 2024 | 12:00 pm

Keefe, Bruyette & Woods has upgraded LendingClub (NYSE:LC) from Market Perform to Outperform, raising the price target from $11.5 to $15.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2024 | 11:59 am

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