LC - LendingClub Corporation

NYSE - NYSE Delayed Price. Currency in USD
3.58
-0.02 (-0.56%)
At close: 4:06PM EDT
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Previous Close3.60
Open3.60
Bid3.20 x 29200
Ask3.76 x 28000
Day's Range3.54 - 3.62
52 Week Range2.57 - 6.15
Volume2,161,113
Avg. Volume3,448,644
Market Cap1.515B
Beta (3Y Monthly)0.87
PE Ratio (TTM)N/A
EPS (TTM)-0.46
Earnings DateNov 6, 2018
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est5.04
Trade prices are not sourced from all markets
  • Square Expands and Diversifies Its Credit Business
    Market Realist19 hours ago

    Square Expands and Diversifies Its Credit Business

    Square (SQ) is gearing up to report its third-quarter results after it recently expanded its credit business by adding consumer lending. Through a program known as Square Installments, the company lets people take out loans of up to $10,000 to finance purchases with Square merchants, meaning businesses that use Square products, such as payment card readers and invoicing software. Square’s consumer loans are payable in fixed monthly installments of up to a year and attract interest of up to 24%.

  • Did PayPal Live Up to Its Q3 2018 Targets?
    Market Realist4 days ago

    Did PayPal Live Up to Its Q3 2018 Targets?

    PayPal (PYPL) is expected to release its third-quarter results on October 18. While reporting its second-quarter results in July, PayPal provided a yardstick against which its upcoming results could be measured. The company issued a guidance showing that it expected its third-quarter revenue to rise as much as 13% YoY (year-over-year) to $3.62 billion–$3.67 billion. For its bottom line, the company guided for EPS of $0.53–$0.55.

  • Why PayPal Is Kicking Some Customers Out
    Market Realist7 days ago

    Why PayPal Is Kicking Some Customers Out

    As much as PayPal (PYPL) is in heated competition with Square (SQ), LendingClub (LC), eBay-backed (EBAY) Adyen, and others for payment and loan customers, there comes a time when the company decides to put its foot down and kick out some customers. This happens when PayPal determines that a customer is in violation of its rules and is promoting hate, which is what happened recently in the case of Infowars. Last month, PayPal decided to terminate its business dealings with Infowars, a far-right American media platform run by controversial radio host Alex Jones.

  • After much drama, LendingClub founder Renaud Laplanche gets a slap on the wrist by the SEC
    TechCrunch17 days ago

    After much drama, LendingClub founder Renaud Laplanche gets a slap on the wrist by the SEC

    In May of 2016, LendingClub CEO Renaud Laplanche faced the most embarrassing outcome imaginable for a founder. Laplanche, said LendingClub’s board at the time, had taken out loans on the platform for himself and family members without being transparent about them. Laplanche reportedly also did not disclose a personal stake in an investment firm in which LendingClub had considered making an investment.

  • The Wall Street Journal20 days ago

    [$$] LendingClub Settles Federal Charges of Misleading Bank Partner

    LendingClub Corp., an online lender, reached an agreement with federal prosecutors on Friday to settle charges it defrauded the bank it uses to issue loans to consumers. The Justice Department charges and settlement were announced on the same day former Chief Executive Renaud Laplanche, former finance chief Carrie Dolan and a LendingClub unit agreed to settle Securities and Exchange Commission accusations of improperly inflating returns and misusing investor money. LendingClub and its unit agreed to pay $6 million in penalties in the SEC and Justice Department cases.

  • The Wall Street Journal20 days ago

    LendingClub Settles Federal Charges of Misleading Bank Partner

    LendingClub Corp., an online lender, reached an agreement with federal prosecutors on Friday to settle charges it defrauded the bank it uses to issue loans to consumers. The Justice Department charges and settlement were announced on the same day former Chief Executive Renaud Laplanche, former finance chief Carrie Dolan and a LendingClub unit agreed to settle Securities and Exchange Commission accusations of improperly inflating returns and misusing investor money. LendingClub and its unit agreed to pay $6 million in penalties in the SEC and Justice Department cases.

  • PayPal Closes Its Largest Acquisition—iZettle
    Market Realist23 days ago

    PayPal Closes Its Largest Acquisition—iZettle

    PayPal (PYPL) has completed the acquisition of iZettle. In May, PayPal announced a deal to buy iZettle, saying it would spend about $2.2 billion toward that transaction. At $2.2 billion, iZettle is PayPal’s largest acquisition and one that helps PayPal expand in the lucrative POS (point of sale) payments market.

  • Square: What Does the Bank Account of the Future Look Like?
    Market Realist24 days ago

    Square: What Does the Bank Account of the Future Look Like?

    Square (SQ) is busy building its Cash App platform into a bank account of the future. Speaking at Recode’s Code Commerce 2018 event recently, Square’s CFO, Sarah Friar, said the Cash App would begin to look more and more like a bank account, saying the company has explored developing the app into an investment and banking product of the future.

  • Understanding Renaud Laplanche's next Upgraded act
    TechCrunch27 days ago

    Understanding Renaud Laplanche's next Upgraded act

    Renaud Laplanche spent ten years building LendingClub. Circumventing conventional banking channels for consumer credit began in 1996 when Chris Larsen started E-LOAN, which ultimately led to Prosper Marketplace. While LendingClub has struggled in the public markets since their late 2014 IPO, they have managed to propel their industry into significance, while rapidly expanding their share of the personal loan market to 10%.

  • The Wall Street Journal29 days ago

    [$$] Some Companies Spend Plenty to Lure Executives Willing to Relocate

    Senior managers are winning flexible schedules that allow them to commute long distances, extended temporary-housing contracts and bigger sums to cover money lost on home sales, recruiters and compensation specialists say. “Talented executives asked to relocate now have the power to get what they need from an employer,” said Hayes Reilly, a managing partner at Preston & Partners Talent Solutions, an executive-search firm. LendingClub Corp. spent nearly $6.4 million to bring two new top officers and their families to the San Francisco Bay Area in 2017, according to an analysis of data from company proxies by research firm Equilar Inc. That sum largely reflects $3 million in relocation bonuses for Steve Allocca, the new president, and Thomas Casey, LendingClub’s chief financial officer.

  • Can LendingClub Seize the Opportunity Ahead?
    Market Realistlast month

    Can LendingClub Seize the Opportunity Ahead?

    LendingClub (LC) is a leader in the P2P (peer-to-peer) lending market, meaning that it’s well-positioned to capitalize on the strong demand for P2P loans. The global P2P lending market is expanding at a rate of 48.2% annually and is on track to hit $897.9 billion by 2024, according to Transparency Market Research. LendingClub operates an online platform that brings borrowers and lenders together.

  • LendingClub founder, ousted two years ago, pledges not to make the same mistakes in new start-up
    CNBClast month

    LendingClub founder, ousted two years ago, pledges not to make the same mistakes in new start-up

    Two years after his ouster from LendingClub, ex-CEO Renaud Laplanche is building a rival online lending platform and trying hard to avoid past mistakes.

  • CNBClast month

    LendingClub founder, ousted two years ago, pledges not to make the same mistakes in new start-up

    Renaud Laplanche is taking steps to avoid the pitfalls he faced when running LendingClub. More than two years after his ouster from LendingClub LC , Renaud Laplanche still owns millions of dollars worth of stock in the company he created, even though he's since started a rival online lender that's rapidly growing. "I still very much believe in the company and the people who work there," Laplanche told CNBC.

  • How Might FundsNow Affect PayPal’s Loans Business?
    Market Realistlast month

    How Might FundsNow Affect PayPal’s Loans Business?

    PayPal’s (PYPL) FundsNow program allows businesses to access their sales funds instantly instead of waiting for days or weeks, as has been typical over the years. Instant access to funds could allow borrowers to settle their PayPal loans faster. PayPal could end up facilitating more loans in a year than it did before it launched the FundsNow program.

  • The Wall Street Journallast month

    [$$] ‘Fintech Charter’ Has No Early Takers as Lawsuit Looms

    A national banking regulator is offering cutting-edge financial firms a new pathway into the traditional banking system. The lack of immediate interest from the likes of LendingClub Corp., Square Inc., and others comes in large part from uncertainty about what activities the Office of the Comptroller of the Currency’s so-called fintech charter will allow, what regulatory requirements it will carry, and whether it will hold up in court. The OCC opened its door to formal applications July 31, giving the states a fresh legal angle to pursue after previous suits were deemed premature.

  • Square Poised to Exceed Expectations
    Market Realistlast month

    Square Poised to Exceed Expectations

    Square’s (SQ) expanding list of products and services could see the company capture a higher share of merchants’ operating expenditures. This trend could allow the company to grow its revenues faster than Wall Street currently expects, according to investment and advisory firm Guggenheim Partners.

  • Square Launches Updated Basic Card Reader
    Market Realistlast month

    Square Launches Updated Basic Card Reader

    Square (SQ) has released an improved model of its basic card reader device, a move that is expected to enable more small businesses to accept card-based payments.

  • Why LendingClub Corporation Stock Fell 12% Last Month
    Motley Foollast month

    Why LendingClub Corporation Stock Fell 12% Last Month

    Shares of the online peer-to-peer lender dipped on a weak earnings report and news of an investigation.

  • GlobeNewswire2 months ago

    Research Report Identifies Inter Parfums, Cedar Realty Trust, Choice Hotels International, LendingClub, Kohl's, and Energy Transfer Partners with Renewed Outlook — Fundamental Analysis, Calculating Forward Movement

    NEW YORK, Aug. 31, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Inter ...

  • Square Cuts Chip Card Processing Time
    Market Realist2 months ago

    Square Cuts Chip Card Processing Time

    Square (SQ) has updated its payment card readers to process chip card transactions faster, allowing sellers who use the readers to speed up the lines at their checkout terminals. Customers also benefit by not having to wait so long in line.

  • An unsexy tech-stock trend is rising as Facebook, social media stocks fall out of favor
    CNBC2 months ago

    An unsexy tech-stock trend is rising as Facebook, social media stocks fall out of favor

    The financial industry, by its very nature, is boring, but it is also among the most threatened sectors of the market when it comes to Silicon Valley start-up disruption. That is forcing Wall Street to bring its banking and investment tech into the digital economy, and it has resulted in a recent run of strong performance for fintech stocks.

  • Here's Why LendingClub Stock Is Falling Today
    Motley Fool2 months ago

    Here's Why LendingClub Stock Is Falling Today

    Despite solid growth, investors seem disappointed with the company's lack of profitability.

  • LendingClub (LC) Q2 Loss Narrows, Revenues Top Estimates
    Zacks2 months ago

    LendingClub (LC) Q2 Loss Narrows, Revenues Top Estimates

    LendingClub's (LC) Q2 loss reflects rise in operating expenses, along with decline in loan balances. However, revenues continue to improve year over year.

  • What's in the Cards for LendingClub (LC) in Q2 Earnings?
    Zacks2 months ago

    What's in the Cards for LendingClub (LC) in Q2 Earnings?

    Decent loan growth is likely to positively impact LendingClub's (LC) transaction fees in Q2.

  • So How Did Square Fare in Q2 2018?
    Market Realist3 months ago

    So How Did Square Fare in Q2 2018?

    Square (SQ) is scheduled to report its second-quarter earnings results on August 1. In May, the company released guidance showing that it was expecting its second-quarter revenue to be in the range of $744 million–$764 million.