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LendingClub Corp (LC.N)

LC.N on New York Stock Exchange

4.81USD
22 Sep 2020
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Latest Key Developments (Source: Significant Developments)

Lendingclub Corp Entered Warehouse Credit Agreement With Certain Lenders - SEC Filing
Thursday, 20 Jun 2019 

June 19 (Reuters) - LendingClub Corp ::LENDINGCLUB CORP - ENTERED INTO A WAREHOUSE CREDIT AGREEMENT WITH CERTAIN LENDERS - SEC FILING.LENDINGCLUB CORP - LENDERS AGREE TO PROVIDE A $250 MILLION SECURED REVOLVING CREDIT FACILITY TO WAREHOUSE.  Full Article

LendingClub Reports Q1 Loss Per Share $0.05
Wednesday, 8 May 2019 

May 7 (Reuters) - LendingClub Corp ::LENDINGCLUB REPORTS FIRST QUARTER 2019 RESULTS.Q1 LOSS PER SHARE $0.05.SEES FY 2019 REVENUE $765 MILLION TO $795 MILLION.SEES Q2 2019 REVENUE $185 MILLION TO $195 MILLION.Q1 REVENUE $174.4 MILLION VERSUS REFINITIV IBES ESTIMATE OF $170.4 MILLION.Q1 EARNINGS PER SHARE ESTIMATE $-0.03 -- REFINITIV IBES DATA.QTRLY LOAN ORIGINATIONS OF $2.7 BILLION, UP 18% YEAR-OVER-YEAR WITH APPLICATION GROWTH OF 31%.SIMPLIFICATION PROGRAM IS ON TRACK.SEES FY 2019 GAAP CONSOLIDATED NET LOSS IN RANGE OF $37 MILLION TO $17 MILLION.SEES FY 2019 ADJUSTED NET LOSS IN RANGE OF $29 MILLION TO $9 MILLION.SEES Q2 2019 GAAP CONSOLIDATED NET LOSS AND ADJUSTED NET LOSS BOTH IN RANGE OF $11 MILLION TO $6 MILLION.TARGETING ADJUSTED NET INCOME PROFITABILITY OVER SECOND HALF OF 2019.QTRLY ADJUSTED LOSS PER SHARE WAS $0.03.FY2019 REVENUE VIEW $780.4 MILLION -- REFINITIV IBES DATA.Q2 REVENUE VIEW $196.7 MILLION -- REFINITIV IBES DATA.  Full Article

LendingClub Says Warehouse Entered Into Amended And Restated Credit Agreement
Saturday, 30 Mar 2019 

March 29 (Reuters) - LendingClub Corp ::LENDINGCLUB CORP SAYS ON MARCH 25, WAREHOUSE, A UNIT OF CO, ENTERED INTO AN AMENDED AND RESTATED WAREHOUSE CREDIT AGREEMENT - SEC FILING.LENDINGCLUB CORP - LENDERS AGREED TO PROVIDE A $250 MILLION SECURED REVOLVING CREDIT FACILITY TO WAREHOUSE.LENDINGCLUB CORP - AMENDED AND RESTATED WAREHOUSE AGREEMENT AMENDS AND RESTATES WAREHOUSE CREDIT AGREEMENT DATED AS OF OCTOBER 10, 2017.  Full Article

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

April 21 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.