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India

LendingClub Corp (LC.N)

LC.N on New York Stock Exchange

15.23USD
19 Jul 2019
Change (% chg)

$-0.45 (-2.87%)
Prev Close
$15.68
Open
$15.62
Day's High
$15.73
Day's Low
$15.20
Volume
164,981
Avg. Vol
125,133
52-wk High
$22.73
52-wk Low
$12.30

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

Lendingclub Responds To DOJ And SEC Settlements
Monday, 1 Oct 2018 

Oct 1 (Reuters) - LendingClub Corp ::LENDINGCLUB RESPONDS TO DOJ AND SEC SETTLEMENTS.LENDINGCLUB CORP - BOTH SEC AND DOJ INVESTIGATIONS FOR COMPANY CONCLUDED AND WILL NOT HAVE A MATERIAL IMPACT ON LENDINGCLUB'S OPERATIONS.  Full Article

Lendingclub Reports Second Quarter 2018 Results
Wednesday, 8 Aug 2018 

Aug 7 (Reuters) - LendingClub Corp ::LENDINGCLUB REPORTS SECOND QUARTER 2018 RESULTS.Q2 ADJUSTED EARNINGS PER SHARE $0.03.Q2 LOSS PER SHARE $0.14.SEES Q3 2018 REVENUE $175 MILLION TO $185 MILLION.Q2 REVENUE $177 MILLION VERSUS I/B/E/S VIEW $166.8 MILLION.Q2 EARNINGS PER SHARE VIEW $0.02 -- THOMSON REUTERS I/B/E/S.SEES Q3 GAAP CONSOLIDATED NET LOSS IN RANGE OF $15 MILLION TO $10 MILLION.SEES FY 2018 TOTAL NET REVENUE IN RANGE OF $680 MILLION TO $705 MILLION.SEES FY 2018 GAAP CONSOLIDATED NET LOSS IN RANGE OF $124 MILLION TO $109 MILLION.Q3 REVENUE VIEW $182.1 MILLION -- THOMSON REUTERS I/B/E/S.FY2018 REVENUE VIEW $687.5 MILLION -- THOMSON REUTERS I/B/E/S.SEES Q3 ADJUSTED EBITDA IN RANGE OF $18 MILLION TO $23 MILLION.SEES FY 2018 ADJUSTED EBITDA IN RANGE OF $75 MILLION TO $90 MILLION.  Full Article

Lendingclub Responds To Federal Trade Commission Complaint
Wednesday, 25 Apr 2018 

April 25 (Reuters) - LendingClub Corp ::LENDINGCLUB RESPONDS TO FEDERAL TRADE COMMISSION COMPLAINT.LENDINGCLUB CORP - "BELIEVES THAT ALLEGATIONS IN FTC'S COMPLAINT ARE LEGALLY AND FACTUALLY UNWARRANTED".LENDINGCLUB CORP - "INTENDS TO OPPOSE CLAIMS AND WORK TOWARDS AN EARLY RESOLUTION OF MATTER IN FEDERAL COURT".  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 is shutting down five of its investment funds- WSJ
Thursday, 26 Oct 2017 

Oct 25 (Reuters) - :LendingClub is shutting down five of its investment funds, including $318 million portfolio that had been marked by accounting issues- WSJ, citing documents‍​.  Full Article

UPDATE 1-LendingClub beats profit estimates on higher transaction fees

May 7 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.