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LendingClub (LC) Beats Q3 Earnings and Revenue Estimates
ZACKS· 2024-10-24 06:21
LendingClub (LC) came out with quarterly earnings of $0.13 per share, beating the Zacks Consensus Estimate of $0.07 per share. This compares to earnings of $0.05 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 85.71%. A quarter ago, it was expected that this company that connects borrowers and lenders online would post earnings of $0.04 per share when it actually produced earnings of $0.13, delivering a surprise of 225%.Over t ...
LendingClub(LC) - 2024 Q3 - Quarterly Results
2024-10-24 04:15
III LendingClub EXHIBIT 99.1 LendingClub Reports Third Quarter 2024 Results Originations and Revenue Growth Supported by Return of Bank Buyers Total Assets Grew 25% Year to Date Driven by $1.3 Billion Purchase of LendingClub Loans Acquired Tally's Technology in October to Accelerate Product Roadmap SAN FRANCISCO – October 23, 2024 – LendingClub Corporation (NYSE: LC), the parent company of LendingClub Bank, America's leading digital marketplace bank, today announced financial results for the third quarter e ...
LendingClub Reports Third Quarter 2024 Results
Prnewswire· 2024-10-24 04:06
Originations and Revenue Growth Supported by Return of Bank BuyersTotal Assets Grew 25% Year to Date Driven by $1.3 Billion Purchase of LendingClub LoansAcquired Tally's Technology in October to Accelerate Product RoadmapSAN FRANCISCO, Oct. 23, 2024 /PRNewswire/ -- LendingClub Corporation (NYSE: LC), the parent company of LendingClub Bank, America's leading digital marketplace bank, today announced financial results for the third quarter ended September 30, 2024."We had a standout quarter, with credit outpe ...
LendingClub: Bullish Ahead Of Q3 Earnings
Seeking Alpha· 2024-10-15 21:24
Independent banking research focuses on financials, deep value, special situations, and financial arbitrage. Agnostic and apolitical approach for scouring the earth for durable and uncorrelated cashflows that work well in both inflationary and deflationary settings.See my tipranks profile below:https://www.tipranks.com/bloggers/ip-banking-researchTo benefit from independent insights and quality analysis from a banking insider - subscribe as a "real-time" follower above.Analyst’s Disclosure: I/we have a bene ...
LendingClub & Pagaya Acquire Assets of Tally Technologies
Prnewswire· 2024-10-09 21:00
LendingClub to leverage Tally's credit management solutions to benefit the bank's 5 million membersPagaya adds Tally's B2B credit management solution to its product suite offering for its over 30 lending partnersSAN FRANCISCO and NEW YORK, Oct. 9, 2024 /PRNewswire/ -- LendingClub Corporation (NYSE: LC), operator of America's leading digital marketplace bank, and Pagaya Technologies LTD (NASDAQ: PGY), a global technology company delivering AI-driven product solutions for the financial ecosystem, today announ ...
LendingClub Schedules Third Quarter 2024 Earnings Release and Conference Call
Prnewswire· 2024-10-04 04:10
文章核心观点 - 公司将于2024年10月23日发布第三季度财报 [1] - 公司将于当日下午2点太平洋时间(5点东部时间)举行财报电话会议 [1] - 公司将接受分析师在会议前提交的问题 [2] - 公司将提供电话会议和网络直播的方式供投资者参与 [3] - 公司将提供电话会议录音重播服务 [4] - 公司是美国领先的数字化市场银行,为客户提供各种金融产品和服务 [5] 公司概况 - 公司全称为LendingClub Corporation,纽约证券交易所上市公司,股票代码为LC [5] - 公司是LendingClub Bank的母公司,LendingClub Bank是美国领先的数字化市场银行 [5] - 公司基于超过1500亿个数据单元和900亿美元贷款的基础,使用先进的信用决策和机器学习模型,为客户提供无缝的信贷服务,同时为贷款投资者带来有吸引力的风险调整收益 [5] - 自2007年以来,已有490多万会员加入公司,以帮助实现他们的财务目标 [5]
Why LendingClub Is Currently My Favorite Value Stock
Seeking Alpha· 2024-09-30 20:39
I recently added LendingClub (NYSE: LC ) to my value portfolio, and at today's prices, it is actually my highest-rated buy in the entire portfolio. In the remainder of this article, I explain the reasoning behind this conclusion.I'm a private trader interested in both long and short ideas. My training and background are in engineering including several decades of consulting engineering practice. I endeavor to apply my analytical skills to investing/trading, which I've done for 20+ years and to which I bring ...
LendingClub (LC) Upgraded to Strong Buy: What Does It Mean for the Stock?
ZACKS· 2024-09-05 01:01
LendingClub (LC) could be a solid choice for investors given its recent upgrade to a Zacks Rank #1 (Strong Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.Individual ...
LendingClub Bank Launches LevelUp Savings
Prnewswire· 2024-08-23 04:10
Members Who Regularly Save Are Rewarded With a 5.30% Annual Percentage Yield (APY)SAN FRANCISCO, Aug. 22, 2024 /PRNewswire/ -- LendingClub Bank, America's leading digital marketplace bank and a subsidiary of LendingClub Corporation (NYSE: LC), announced the launch of LevelUp Savings, a high-yield savings account that rewards members with competitive rates for making ongoing monthly deposit contributions."We're excited to offer LevelUp Savings, an all-new deposit product that rewards members who regularly en ...
LendingClub: Levered Play On Soft Landing
Seeking Alpha· 2024-08-19 17:10
文章核心观点 - 公司认为LendingClub(LC)有望在经济"软着陆"的情况下大幅超越市场表现[4] - 公司认为LC的资产负债表和市场业务将从降息中获益[6][7][8] - 公司认为LC的主要风险是经济"硬着陆"导致贷款损失增加[9] 资产负债表分析 - 公司资产主要由固定收益贷款组成,不会随利率变动而重新定价[6] - 公司持有的结构性证券和持有至到期的贷款在经济"软着陆"时将获益[6] - 公司存款成本有望随利率下降而下降,将直接提升利润[7] 市场业务分析 - 公司市场业务收入有望从经济"软着陆"中大幅恢复,可能达到之前的4倍[8] - 公司预计市场业务收入有望增加约2亿美元,将大部分转化为利润[8]