LendingClub (LC) reported $201.88 million in revenue for the quarter ended September 2024, representing a year-over-year increase of 0.5%. EPS of $0.13 for the same period compares to $0.05 a year ago.The reported revenue represents a surprise of +6.18% over the Zacks Consensus Estimate of $190.14 million. With the consensus EPS estimate being $0.07, the EPS surprise was +85.71%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall S ...

Company Performance - LendingClub reported quarterly earnings of $0.13 per share, exceeding the Zacks Consensus Estimate of $0.07 per share, and up from $0.05 per share a year ago, representing an earnings surprise of 85.71% [1] - The company posted revenues of $201.88 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 6.18% and slightly up from $200.85 million year-over-year [1] - Over the last four quarters, LendingClub has consistently surpassed consensus EPS and revenue estimates [1] Stock Performance - LendingClub shares have increased by approximately 41.9% since the beginning of the year, outperforming the S&P 500's gain of 22.7% [2] - The stock currently holds a Zacks Rank 1 (Strong Buy), indicating expectations for continued outperformance in the near future [4] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.07 on revenues of $193.95 million, while for the current fiscal year, the estimate is $0.39 on revenues of $751.88 million [4] - The trend of estimate revisions for LendingClub has been favorable ahead of the earnings release, which may influence future stock performance [4][3] Industry Context - The Financial - Miscellaneous Services industry, to which LendingClub belongs, is currently ranked in the bottom 41% of over 250 Zacks industries, which may impact stock performance [5] - Community West Bancshares, another company in the same industry, is expected to report a quarterly earnings decline of 29.6% year-over-year, with a consensus EPS estimate of $0.38 [5]

III LendingClub EXHIBIT 99.1 LendingClub Reports Third Quarter 2024 Results Originations and Revenue Growth Supported by Return of Bank Buyers Total Assets Grew 25% Year to Date Driven by $1.3 Billion Purchase of LendingClub Loans Acquired Tally's Technology in October to Accelerate Product Roadmap SAN FRANCISCO – October 23, 2024 – LendingClub Corporation (NYSE: LC), the parent company of LendingClub Bank, America's leading digital marketplace bank, today announced financial results for the third quarter e ...

Originations and Revenue Growth Supported by Return of Bank BuyersTotal Assets Grew 25% Year to Date Driven by $1.3 Billion Purchase of LendingClub LoansAcquired Tally's Technology in October to Accelerate Product RoadmapSAN FRANCISCO, Oct. 23, 2024 /PRNewswire/ -- LendingClub Corporation (NYSE: LC), the parent company of LendingClub Bank, America's leading digital marketplace bank, today announced financial results for the third quarter ended September 30, 2024."We had a standout quarter, with credit outpe ...

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LendingClub to leverage Tally's credit management solutions to benefit the bank's 5 million membersPagaya adds Tally's B2B credit management solution to its product suite offering for its over 30 lending partnersSAN FRANCISCO and NEW YORK, Oct. 9, 2024 /PRNewswire/ -- LendingClub Corporation (NYSE: LC), operator of America's leading digital marketplace bank, and Pagaya Technologies LTD (NASDAQ: PGY), a global technology company delivering AI-driven product solutions for the financial ecosystem, today announ ...

SAN FRANCISCO, Oct. 3, 2024 /PRNewswire/ -- LendingClub Corporation (NYSE: LC), the parent company of LendingClub Bank, America's leading digital marketplace bank, announced that it will report earnings for the third quarter 2024 after the market closes on Wednesday, October 23, 2024. LendingClub will host a conference call to discuss the third quarter 2024 financial results at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) on the same day. Submission of Conference Call Questions In addition to questions a ...

I recently added LendingClub (NYSE: LC ) to my value portfolio, and at today's prices, it is actually my highest-rated buy in the entire portfolio. In the remainder of this article, I explain the reasoning behind this conclusion.I'm a private trader interested in both long and short ideas. My training and background are in engineering including several decades of consulting engineering practice. I endeavor to apply my analytical skills to investing/trading, which I've done for 20+ years and to which I bring ...

Core Viewpoint - LendingClub (LC) has received a Zacks Rank 1 (Strong Buy) upgrade, indicating a positive outlook on its earnings estimates, which is a significant factor influencing stock prices [1][2]. Earnings Outlook - The Zacks rating upgrade reflects an improvement in LendingClub's earnings outlook, which is expected to positively impact its stock price [2]. - For the fiscal year ending December 2024, LendingClub is projected to earn $0.38 per share, representing a 5.6% increase from the previous year [5]. Earnings Estimate Revisions - Over the past three months, the Zacks Consensus Estimate for LendingClub has increased by 41.4%, indicating a strong upward trend in earnings estimates [5]. - The correlation between earnings estimate revisions and near-term stock movements is well-established, suggesting that tracking these revisions can be beneficial for investment decisions [4]. Zacks Rank System - The Zacks Rank system categorizes stocks into five groups based on earnings estimates, with Zacks Rank 1 stocks historically generating an average annual return of +25% since 1988 [4]. - LendingClub's upgrade to Zacks Rank 1 places it in the top 5% of Zacks-covered stocks, indicating a strong potential for market-beating returns in the near term [7].

Members Who Regularly Save Are Rewarded With a 5.30% Annual Percentage Yield (APY)SAN FRANCISCO, Aug. 22, 2024 /PRNewswire/ -- LendingClub Bank, America's leading digital marketplace bank and a subsidiary of LendingClub Corporation (NYSE: LC), announced the launch of LevelUp Savings, a high-yield savings account that rewards members with competitive rates for making ongoing monthly deposit contributions."We're excited to offer LevelUp Savings, an all-new deposit product that rewards members who regularly en ...