|Bid||4.050 x 12500|
|Ask||4.060 x 9000|
|Day's Range||3.900 - 4.100|
|52 Week Range||3.290 - 6.785|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 12, 2018 - Feb 16, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||5.28|
LendingClub's (LC) reduced fourth-quarter 2017 guidance significantly hurt investors' sentiments. The outlook was lowered due to the timing impact of its securitization deal.
LendingClub Corp. shares tumbled 16.4% in Thursday morning trading after the company lowered its outlook for the fourth quarter and delivered a lower-than-expected forecast for next year. In presentation ...
SAN FRANCISCO , Dec. 5, 2017 /PRNewswire/ -- WHAT: LendingClub (NYSE: LC), America's largest online credit marketplace, hosts its first Investor Day on December 7 in New York . Presented by LendingClub's ...
Dianrong.com, a Chinese online lending platform started and run by a co-founder of LendingClub Corp., is planning an initial public offering as soon as next year that could raise at least $500 million....
SAN FRANCISCO, Dec. 1, 2017 /PRNewswire/ -- LendingClub (LC), America's largest online marketplace connecting borrowers and investors, today announced that it has closed a first-of-its-kind transaction in marketplace lending -- a whole loan transaction structured as a tradeable, pass-through security called a CLUB Certificate*. This first milestone transaction totaled $25 million with an institutional investor seeking a liquid vehicle with which to access the consumer credit asset class. The instrument trades in the over-the-counter market with a CUSIP and is efficiently cleared through the Depository Trust and Clearing Company (DTCC).
NEW YORK, Nov. 29, 2017 /PRNewswire/ -- Stull, Stull & Brody ("SS&B") reminds investors that a class action lawsuit was commenced in the United States District Court for the Northern District of California on behalf of purchasers of stock of LendingClub Corporation ("LendingClub" or the "Company") during the period from December 11, 2014 through May 6, 2016 (the "Class Period"). The complaint alleges, among other things, LendingClub misled investors with respect to its loan origination volume and that the Company had material weaknesses in its internal controls. During the same period of time, LendingClub employees were purchasing stock in LendingClub's 2014 Employee Stock Purchase Plan (the "ESPP"). SS&B's investigation into whether the registration statement filed with the Securities and Exchange Commission that allowed the ESPP to purchase Company stock violated Section 11 of the Securities Act of 1933 by omitting material facts and otherwise containing inaccurate, misleading and untrue statements of fact, is continuing.
NEW YORK, Nov. 18, 2017-- Stull, Stull & Brody reminds investors that a class action lawsuit was commenced in the United States District Court for the Northern District of California on behalf of purchasers ...
Lenders should be judged not on how fast they grow during good times, but how they perform in periods like today when consumer defaults are ticking up. On that basis, LendingClub looks unprepared and investors ...
Lenders should be judged not on how rapidly they grow during good times, but how they perform in periods like today when consumer defaults are ticking up. On that basis, LendingClub looks unprepared and ...
LendingClub will only lend to really creditworthy folks as it establishes a tighter lending model. The fintech leader slashed guidance as it makes this transition.
Can someone please lend a hand to Lending Club (LC)? Although Lending Club grew revenue 34% in the September quarter, the online lending marketplace lowered guidance for December and said it would halt lending to certain borrowers with lower credit scores, because such loans were performing poorly. This tier of borrowers only accounts for 3% of all loans arranged by Lending Club--which matches borrowers to lenders, but does not itself extend credit -- yet Wall Street now doubts the brilliance of Lending Club’s “machine learning” loan evaluations.
Shares of the online loan originator fell 20% as it slashed guidance due to a new credit model, raising questions about its ability to grow quickly while growing responsibly.
NEW YORK, Nov. 08, 2017-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Spirit ...
Shares of LendingClub Corp. tanked 15% late Tuesday after the company missed third-quarter revenue expectations and called for lower sales in the fourth quarter. LendingClub said it lost $6.5 million, ...