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Fintech Focus For October 13, 2020
Monday, October 12, 2020 - 4:57pm | 2271Read More...Quote Of The Day: We in the World Health Organization do not advocate lockdowns as the primary means of control of this virus. - David Nabarro Fintech Movers: Hackers have stolen $22 million from users of the popular bitcoin wallet Electrum by enticing people to install fake software updates. -...
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The 3 Debates Around Investing In LendingClub
Wednesday, November 8, 2017 - 8:50am | 378Read More...LendingClub Corp (NYSE: LC) reported third quarter results after Tuesday's market close. Revenue of $154 million fell slightly short of the $156.7 million Wall Street expected and EBITDA of $21.0 million was in-line with expectations. Investors found fault with the company's...
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Should You Join The Lending Club Bulls Ahead Of Q3 Earnings?
Tuesday, November 7, 2017 - 1:16pm | 361Read More...LendingClub Corp (NYSE: LC), an online marketplace that connects borrowers and investors, has seen its share of controversy over the years. After a management shuffle which saw the ouster of ex-CEO Renaud Laplanche, investors will be looking for further signs of progress in the company's third-...
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LendingClub Doesn't Verify Income Data For 66% Of Transactions
Wednesday, June 14, 2017 - 3:21pm | 351Read More...One might assume an online lender like LendingClub Corp (NYSE: LC) verifies the income of borrowers in 100 percent of transactions. But this isn't even close to the case, according to Bloomberg report. LendingClub verified the income around just a third of the time for one of the most popular...
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LendingClub's Q1 Signals Another Step Toward Re-Establishing Its Growth Story
Friday, May 5, 2017 - 10:40am | 311Read More...LendingClub Corp (NYSE: LC)'s earnings report marks "another step in the right direction" for the company, at least according to BTIG's Mark Palmer who maintains a Buy rating on LendingClub's stock with an unchanged $9 price target. Palmer commented in a research report on Friday LendingClub's loan...
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Why Loan Funding And Credit Matter More Than CFO Exit For LendingClub
Monday, August 15, 2016 - 7:10am | 294Read More...LendingClub Corp (NYSE: LC)'s announcement during its second-quarter earnings results that Chief Financial Officer Carrie Dolan resigned from the company represents a "negative shock value," according to Jefferson Harralson of Keefe, Bruyette & Woods (KBW), but there are other aspects of the...
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BTIG Weighs LendingClub CFO Exit, Adjusted EBITDA Outlook Against Promising Loan Origination Growth
Tuesday, August 9, 2016 - 9:54am | 336Read More...Mark Palmer of BTIG remains bullish on LendingClub Corp's (NYSE: LC) outlook following the company's second quarter results. In a report published following LendingClub's results, the analyst stated the earnings print served as a "damage assessment for investors" following...
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Goldman Sachs Expecting A Recovery In LendingClub Loan Demand Over Time
Tuesday, August 9, 2016 - 8:32am | 331Read More...LendingClub Corp (NYSE: LC) reported second quarter results in which the company lost $0.09 per share on revenue of $102.4 million. Wall Street analysts were expecting the company to lose $0.02 per share on revenue of $100.51 million. Lendingclub also said its loan origination in the quarter...
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Lending Club's Terrible, Horrible, No Good, Very Bad Year Continues With Borrower Credit Concerns
Tuesday, July 12, 2016 - 8:41am | 284Read More...LendingClub Corp (NYSE: LC) has been plagued with what seems like a never-ending stream of bad news reports. Back in May, LendingClub's CEO Renaud Laplanche was ousted following an interview review by the board of directors that may have found wrongdoing in the sale of $22 million of new prime...
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Stone Ridge Loan Purchase Gives The Market A Shot Of Confidence In LendingClub
Wednesday, June 29, 2016 - 11:27am | 242Read More...Stone Ridge Asset Management is eyeing a purchase of $1 billion worth of loans from LendingClub Corp (NYSE: LC). Bloomberg, citing "a person with knowledge of the matter," noted Stone Ridge's large purchase could help restore confidence in LendingClub's business among...
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Is LendingClub Ruining Fintech's Future?
Saturday, May 21, 2016 - 3:28pm | 278Read More...Peer-to-peer lending was supposed to be a major theme in how individuals borrow money, while also presenting a compelling investment case to investors. However, the recent woes at LendingClub Corp (NYSE: LC) may have ultimately killed the relatively new segment's future following the sudden...
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LendingClub Ticks Lower Amid Report NY Regulator Has Subpoened Co. Over Business Practices
Wednesday, May 18, 2016 - 12:38pm | 146Read More...Shares of LendingClub Corp (NYSE: LC) gave up some of its earlier gains following reports that the company was subpoenaed by New York's financial regulators. LendingClub's stock hit an intra-day high of $3.97 but traded lower to the $3.75 mark after New York's financial regulators...
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LendingClub Plunges Another 12% Amid Dept. Of Justice Subpoena
Tuesday, May 17, 2016 - 6:59am | 256Read More...Shares of LendingClub Corp (NYSE: LC) were trading lower by 12 percent early Tuesday morning, essentially erasing Monday's 12 percent gain after the company confirmed in a regulatory filing that it received a grand jury subpoena from the U.S. Department of Justice. LendingClub dominated...
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Lending Club Is A Buy After Earnings: Here's Why
Wednesday, August 5, 2015 - 1:44pm | 393Read More...Pacific Crest and Morgan Stanley are bullish LendingClub Corp (NYSE: LC) following an earnings report that showed better-than-expected loan origination volumes and improved consumer marketing efficiency. Shares traded recently at $14.46, up more than 4 percent. Market Could Shift From Fears...
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LendingRobot: Bringing Automated Trading To Marketplace Lending
Thursday, June 25, 2015 - 11:55am | 584Read More...The business model of a bank is simple on the surface – borrow money at extremely low interest rates and lend it out at a much higher price. Under this system, individual lenders make little return, while borrowers have to pay big. Marketplace lending, by connecting lenders and borrowers...
