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Lendingclub Reports Third Quarter 2020 Results
LendingClub Says Targeting An Approximately 5% Return For The Total Prime Portfolio
LendingClub Reports Q1 Adjusted Loss Per Share Of $0.44
LendingClub Corporation provides online marketplace to connect borrowers and investors. Consumers and small business owners borrow through Lending Club. Investors use Lending Club to earn risk-adjusted returns from an asset class that has been closed to many investors and only available on a limited basis to large institutional investors. Its technology automates aspects of operations, including the borrower application process, data gathering, credit decisioning and scoring, loan funding, investing and servicing, regulatory compliance and fraud detection. Its platform offers analytical tools and data to enable investors to make decisions and assess their portfolios. Its technology platform has allowed it to expand its offerings from personal loans to include small business loans, and to expand investor classes from individuals to institutions and create various investment vehicles.
Consumer Financial Services
595 Market St Ste 200
SAN FRANCISCO, CA
John C. Morris
Independent Chairman of the Board
Scott C. Sanborn
Chief Executive Officer, Director
Thomas W. Casey
Chief Financial Officer
Chief Technology Officer
Chief Risk Officer
Price To Earnings (TTM)
Price To Sales (TTM)
Price To Book (MRQ)
Price To Cash Flow (TTM)
Total Debt To Equity (MRQ)
LT Debt To Equity (MRQ)
Return on Investment (TTM)
Return on Equity (TTM)
Online lender LendingClub Corp said on Tuesday it would lay off 460 employees, including President Steven Allocca, as part of a restructuring plan to slash costs amid the economic fallout of the COVID-19 pandemic.
Online lender LendingClub Corp said on Tuesday it would lay off 460 employees in a cost-cutting move to cope with the economic fallout of the COVID-19 pandemic.
* LENDINGCLUB CORP - TO DATE HAVE NOT OBSERVED CHANGES IN APPLICATION TRENDS OR DETERIORATION IN LOAN PERFORMANCE DUE TO NOVEL CORONAVIRUS SITUATION
LendingClub Corp on Tuesday agreed to buy U.S. digital lender Radius Bank in a cash-and-stock deal valued at $185 million, as it looks to gain access to a cheaper source of funding and offer a broader suite of banking services.
San Francisco-based LendingClub Corp has agreed to acquire U.S. digital bank Radius Bancorp and its wholly-owned subsidiary Radius Bank in a cash and stock transaction valued at $185 million, the online lender said on Tuesday.
LendingClub Corp posted a fourth-quarter profit on Tuesday, as its peer-to-peer lending marketplace attracted more customers.
Online lending pioneer LendingClub Corp beat analysts' estimates for third-quarter profit on Tuesday and forecast current-quarter largely above estimates, sending its shares up 4% in after-hours trading.
LendingClub Corp reported a smaller third-quarter loss on Tuesday, as it matched more lenders and borrowers on its peer-to-peer lending marketplace.
LendingClub Corp on Tuesday reported a smaller quarterly loss as the online lender originated more loans through its platform. The San Francisco-based company's net loss narrowed to $10.7 million, or 12 cents per share, in the second quarter ended June 30, from $60.9 million...
LendingClub Corp beat quarterly profit estimates on Tuesday, boosted by a rise in loan originations that helped the online-loan marketplace earn more in fees from processing transactions.
LendingClub Corp posted a smaller quarterly loss on Tuesday, as the online-loan marketplace earned more in fees from processing transactions.
Online lender LendingClub Corp forecast a bigger-than-expected first-quarter loss on Tuesday, and revenue that missed Wall Street estimates, sending its shares down 5 percent in after-market trading.
Online lender LendingClub Corp reported a smaller quarterly loss on Tuesday, on the back of higher loan originations.
Online lender LendingClub Corp reported an adjusted third-quarter profit that edged past analysts' estimates and raised its full-year earnings forecast on Tuesday, helped by record loan originations and higher transaction fees.
Online lender LendingClub Corp's quarterly net loss widened, due to higher expenses for outstanding legacy issues.
U.S. online lender LendingClub Corp <LC.N> on Tuesday topped Wall Street estimates for quarterly profit, but posted a wider net loss from a year ago as it wrote down the value of one of its units.
LendingClub Corp on Tuesday reported a bigger loss in the second quarter, as its operating costs rose about 44 percent.
* QUARZ CAPITAL MANAGEMENT SAYS PROPOSES THAT LENDINGCLUB REVAMPS ITS TOP EXECUTIVE COMPENSATION STRUCTURE Source text for Eikon: Further company coverage:
U.S. online lender LendingClub Corp beat analyst expectations for earnings in the first quarter on Tuesday, as it originated more loans through its platform and transaction fees rose.
* Q1 REVENUE $151.7 MILLION VERSUS I/B/E/S VIEW $152.8 MILLION
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.