Why LendingClub Stock Popped Today
LendingClub(LC) The Motley Fool·2024-05-02 03:44
Shares of the lending platform gained on a better-than-expected earnings report.Shares of LendingClub (LC 19.02%) were moving higher today after the consumer lending and banking platform posted better-than-expected results in its first-quarter earnings report, easily beating estimates on the bottom line.As of 11:48 a.m. ET Wednesday, the stock was up 12.7%. LendingClub shines in Q1In a difficult environment for lenders, LendingClub delivered a solid round of results as its balance sheet grew from $8.8 billi ...