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LendingClub Corp (LC.N)

LC.N on New York Stock Exchange

13.59USD
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Latest Key Developments (Source: Significant Developments)

LendingClub Reports Q2 2019 Results
Wednesday, 7 Aug 2019 

Aug 6 (Reuters) - LendingClub Corp ::LENDINGCLUB REPORTS SECOND QUARTER 2019 RESULTS.Q2 REVENUE $190.8 MILLION VERSUS REFINITIV IBES ESTIMATE OF $193 MILLION.Q2 ADJUSTED LOSS PER SHARE $0.01.Q2 LOSS PER SHARE $0.12.SEES Q3 2019 REVENUE $200 MILLION TO $210 MILLION.Q2 EARNINGS PER SHARE ESTIMATE $-0.08 -- REFINITIV IBES DATA.MAINTAINING FULL YEAR 2019 NET REVENUE RANGE OF $765 MILLION TO $795 MILLION.SEES FULL YEAR 2019 GAAP CONSOLIDATED NET LOSS RANGE TO $38 MILLION TO $23 MILLION.SEES FULL YEAR 2019 ADJUSTED NET LOSS RANGE TO $20 MILLION TO $5 MILLION.ON TRACK TO BE ADJUSTED NET INCOME PROFITABLE IN Q3 OF 2019.SEES FULL YEAR 2019 ADJUSTED EBITDA RANGE TO $120 MILLION TO $135 MILLION.FY2019 REVENUE VIEW $784.2 MILLION -- REFINITIV IBES DATA.Q3 REVENUE VIEW $205.4 MILLION -- REFINITIV IBES DATA.  Full Article

LendingClub Announces Reverse Stock Split Effective Date
Saturday, 29 Jun 2019 

June 28 (Reuters) - LendingClub Corp ::LENDINGCLUB ANNOUNCES REVERSE STOCK SPLIT EFFECTIVE DATE.ANNOUNCES 1 FOR 5 REVERSE STOCK SPLIT.LENDINGCLUB - EXPECTS REVERSE STOCK SPLIT WILL BECOME EFFECTIVE AT 4:30 PM (EST) ON JULY 5.  Full Article

Lendingclub Corp Says CEO Scott Sanborn's 2018 Total Compensation Was $6 Million Versus $6.8 Million In 2017
Friday, 26 Apr 2019 

April 25 (Reuters) - LendingClub Corp ::LENDINGCLUB CORP SAYS CEO SCOTT SANBORN'S 2018 TOTAL COMPENSATION WAS $6 MILLION VERSUS $6.8 MILLION IN 2017 – SEC FILING.LENDINGCLUB CORP SAYS CFO THOMAS CASEY'S 2018 TOTAL COMPENSATION WAS $5.7 MILLION VERSUS $4 MILLION IN 2017 – SEC FILING.LENDINGCLUB CORP - FOR 2018, RATIO OF CEO TOTAL COMPENSATION TO MEDIAN EMPLOYEE TOTAL COMPENSATION: 45 TO 1.  Full Article

Lendingclub Q4 Revenue $181.5 Mln Versus Refinitiv IBES Estimate Of $181.9 Mln
Wednesday, 20 Feb 2019 

Feb 19 (Reuters) - LendingClub Corp ::LENDINGCLUB REPORTS FOURTH QUARTER AND FULL YEAR 2018 RESULTS.Q4 REVENUE $181.5 MILLION VERSUS REFINITIV IBES ESTIMATE OF $181.9 MILLION.Q4 ADJUSTED LOSS PER SHARE $0.01.Q4 LOSS PER SHARE $0.03.SEES FY 2019 REVENUE $765 MILLION TO $795 MILLION.Q4 EARNINGS PER SHARE ESTIMATE $0.02 -- REFINITIV IBES DATA.QTRLY LOAN ORIGINATIONS OF $2.9 BILLION, UP 18% YEAR-OVER-YEAR.  Full Article

LendingClub Q3 Adjusted Earnings Per Share $0.03
Wednesday, 7 Nov 2018 

Nov 6 (Reuters) - LendingClub Corp ::LENDINGCLUB REPORTS THIRD QUARTER 2018 RESULTS.Q3 REVENUE $184.6 MILLION VERSUS I/B/E/S VIEW $182.1 MILLION.Q3 ADJUSTED EARNINGS PER SHARE $0.03.Q3 LOSS PER SHARE $0.05.Q3 EARNINGS PER SHARE VIEW $0.02 -- THOMSON REUTERS I/B/E/S.RAISING FULL YEAR GUIDANCE FOR ADJUSTED EBITDA.SEES FY NET REVENUE IN RANGE OF $688 MILLION TO $698 MILLION..SEES FY ADJUSTED EBITDA IN RANGE OF $89 MILLION TO $94 MILLION.SEES FY GAAP CONSOLIDATED NET LOSS IN RANGE OF $129 MILLION TO $124 MILLION NET LOSS.LENDINGCLUB - ON TRACK TO DELIVER ON REVENUE, MARGIN GOALS SET OUT AT INVESTOR DAY IN DEC 2017.  Full Article

LendingClub Reports Q1 Adjusted Earnings Per Share $0.01
Wednesday, 9 May 2018 

May 8 (Reuters) - LendingClub Corp ::LENDINGCLUB REPORTS FIRST QUARTER 2018 RESULTS.Q1 ADJUSTED EARNINGS PER SHARE $0.01.Q1 LOSS PER SHARE $0.07.SEES Q2 2018 REVENUE $162 MILLION TO $172 MILLION.Q1 REVENUE $151.7 MILLION VERSUS I/B/E/S VIEW $152.8 MILLION.Q1 EARNINGS PER SHARE VIEW $-0.01 -- THOMSON REUTERS I/B/E/S.SEES FULL YEAR TOTAL NET REVENUE IN RANGE OF $680 MILLION TO $705 MILLION.SEES Q2 NET LOSS $20 MILLION TO $10 MILLION.SEES FULL YEAR NET LOSS IN RANGE OF $70 MILLION TO $55 MILLION.  Full Article

Lendingclub Reports Q4 Loss Per Share $0.22
Wednesday, 21 Feb 2018 

Feb 20 (Reuters) - Lendingclub Corp ::LENDINGCLUB REPORTS FOURTH QUARTER AND FULL YEAR 2017 RESULTS.Q4 ADJUSTED EARNINGS PER SHARE $0.01.Q4 LOSS PER SHARE $0.22.Q4 REVENUE ROSE 2 PERCENT TO $156.5 MILLION.REAFFIRMS 2018 GUIDANCE.LENDINGCLUB - REACHED PRELIMINARY SETTLEMENT OF CLASS ACTION LAWSUITS ARISING FROM LEGACY ISSUES DISCLOSED BY CO IN 2016.LENDINGCLUB - PARTIES AGREED TO STIPULATION OF SETTLEMENT THAT INCLUDES $125 MILLION AGREEMENT.LENDINGCLUB - PRELIMINARY SETTLEMENT WILL HAVE NO MATERIAL IMPACT ON CO'S BUSINESS OPERATIONS IN 2018.SEES Q1 2018 TOTAL NET REVENUE IN RANGE OF $145 MILLION TO $155 MILLION.LENDINGCLUB - $47.75 MILLION OF SETTLEMENT WILL BE COVERED BY CO'S INSURANCE, REMAINING $77.25 MILLION IS REFLECTED IN Q4 NET LOSS.SEES Q1 NET LOSS IN RANGE OF $25 MILLION TO $20 MILLION.  Full Article

Lendingclub Appoints Patty Mccord To Its Board Of Directors
Wednesday, 20 Dec 2017 

Lendingclub Corp ::LENDINGCLUB APPOINTS PATTY MCCORD TO ITS BOARD OF DIRECTORS.LENDINGCLUB - ‍PATTY MCCORD HAS JOINED BOARD OF DIRECTORS, EFFECTIVE DECEMBER 13, 2017​.  Full Article

Lendingclub Q3 loss per share $0.02
Wednesday, 8 Nov 2017 

Nov 7 (Reuters) - Lendingclub Corp LC.N:Lendingclub reports third quarter 2017 results.Q3 adjusted earnings per share $0.03.Q3 loss per share $0.02.Q3 revenue $154 million versus I/B/E/S view $157.5 million.Q3 earnings per share view $0.03 -- Thomson Reuters I/B/E/S.Lendingclub Corp sees ‍Q4 total net revenue in range of $158 million to $163 million​.Lendingclub Corp sees ‍q4 adjusted EBITDA in range of $19 million to $23 million​.Q4 revenue view $173.6 million -- Thomson Reuters I/B/E/S.  Full Article

LendingClub rebrands asset management business
Thursday, 26 Oct 2017 

Oct 25 (Reuters) - LendingClub Corp : :LendingClub rebrands asset management business, positions for growth.LendingClub Asset Management - ‍LC advisors, an investment advisor registered with SEC, has rebranded its asset management business​.‍LendingClub Asset Management -in weeks leading up to rebrand co facilitated auction of assets from its legacy funds​.  Full Article

LendingClub posts smaller quarterly loss

Aug 6 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, or 72 cents per share, a year earlier. (https://reut.rs/2YH452D)