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LendingClub Corp

LC.N

Latest Trade

7.48USD

Change

0.62(+9.04%)

Volume

454,810

Today's Range

6.84

 - 

7.60

52 Week Range

4.32

 - 

14.07

As of on the New York Stock Exchange ∙ Minimum 15 minute delay

Pricing

Previous Close
6.86
Open
6.97
Volume
454,810
3M AVG Volume
26.37
Today's High
7.60
Today's Low
6.84
52 Week High
14.07
52 Week Low
4.32
Shares Out (MIL)
78.23
Market Cap (MIL)
536.68
Forward P/E
-4.49
Dividend (Yield %)
--

Next Event

Q4 2020 LendingClub Corp Earnings Release

Latest Developments

More

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

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About LendingClub Corp

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.

Industry

Consumer Financial Services

Contact Info

595 Market St Ste 200

SAN FRANCISCO, CA

94105-2802

United States

+1.415.6325600

https://www.lendingclub.com/

Executive Leadership

John C. Morris

Independent Chairman of the Board

Scott C. Sanborn

Chief Executive Officer, Director

Thomas W. Casey

Chief Financial Officer

Bahman Koohestani

Chief Technology Officer

Annie Armstrong

Chief Risk Officer

Key Stats

2.80 mean rating - 10 analysts
Sell
Hold
Buy
Revenue (MM, USD)

2017

0.6K

2018

0.7K

2019

0.8K

2020(E)

0.3K
EPS (USD)

2017

0.000

2018

0.550

2019

0.020

2020(E)

-1.527
Price To Earnings (TTM)
--
Price To Sales (TTM)
0.91
Price To Book (MRQ)
0.72
Price To Cash Flow (TTM)
--
Total Debt To Equity (MRQ)
136.56
LT Debt To Equity (MRQ)
136.56
Return on Investment (TTM)
-7.25
Return on Equity (TTM)
-6.39

Latest News

Latest News

UPDATE 1-LendingClub to lay off about a third of employees due to coronavirus

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 to lay off 460 staff on coronavirus hit

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.

BRIEF-LendingClub Corp Says To Date Have Not Observed Changes In Application Trends Or Deterioration In Loan Performance Due To Novel Coronavirus Situation

* LENDINGCLUB CORP - TO DATE HAVE NOT OBSERVED CHANGES IN APPLICATION TRENDS OR DETERIORATION IN LOAN PERFORMANCE DUE TO NOVEL CORONAVIRUS SITUATION

LendingClub to acquire Radius Bank for $185 million

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.

LendingClub to acquire Radius Bank for $185 million

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 posts profit on higher loan originations

LendingClub Corp posted a fourth-quarter profit on Tuesday, as its peer-to-peer lending marketplace attracted more customers.

UPDATE 2-LendingClub beats profit estimates on higher fees, loans

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 posts smaller third-quarter loss

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 posts smaller quarterly loss

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...

UPDATE 1-LendingClub beats profit estimates on higher transaction fees

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 posts smaller loss as fee income rises

LendingClub Corp posted a smaller quarterly loss on Tuesday, as the online-loan marketplace earned more in fees from processing transactions.

LendingClub forecasts bigger-than-expected first-quarter loss

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.

LendingClub fourth quarter loss narrows

Online lender LendingClub Corp reported a smaller quarterly loss on Tuesday, on the back of higher loan originations.

UPDATE 2-LendingClub profit beats estimates on record 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.

LendingClub loss widens on higher expenses

Online lender LendingClub Corp's quarterly net loss widened, due to higher expenses for outstanding legacy issues.

LendingClub beats Wall Street estimates but net loss widens

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 reports bigger loss as costs rise

LendingClub Corp on Tuesday reported a bigger loss in the second quarter, as its operating costs rose about 44 percent.

BRIEF-Quarz Capital Management Sends Open Letter To Lendingclub

* QUARZ CAPITAL MANAGEMENT SAYS PROPOSES THAT LENDINGCLUB REVAMPS ITS TOP EXECUTIVE COMPENSATION STRUCTURE Source text for Eikon: Further company coverage:

UPDATE 2-LendingClub reports 1st qtr earnings above expectations

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.

BRIEF-LendingClub Reports Q1 Adjusted Earnings Per Share $0.01

* 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.

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