Consumers have racked up record credit card debt. Falling interest rates could benefit this company in a huge way.LendingClub (LC -4.15%) has gone on a tear this year and outpaced the broader market, with the stock gaining almost 60% since the start of 2024. The consumer lender is in an excellent position to benefit from falling interest rates as consumers grapple with record-high credit card debt. According to a First Tech Federal Credit Union survey, 38% of consumers have considered consolidating their de ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 Commission File Number: 001-36771 | --- | --- | |--------------------------------------------------------------------------------|--------------------------------------| | | | | LendingClub Corporation (Exact name of registrant as specified in its charter) | | | Delaware | 51-0605731 | | (S ...

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even ...

Michael Wiggins De Oliveira is an inflection investor. This means buying into cheap companies at the moment when their narrative is changing and the business is on a path toward becoming significantly more profitable over the next year.With a focus on tech and “the Great Energy Transition (including uranium)”, Michael runs a concentrated portfolio with approximately 15 to 20 stocks and an average holding period of 18 months. Through his 10+ years analyzing countless companies, Michael has accumulated outsta ...

LendingClub's latest quarterly results show an acceleration of loan originations, and banks have moved back to the company's platform as consumers look for ways to consolidate and pay down debt — particularly credit card debt. The company's earnings supplementals indicated that loan originations were up 6% sequentially to $1.9 billion, where that tally had been $1.5 billion in the third quarter last year, up nearly 27%. CEO Scott Sanborn said on the conference call with analysts that "credit outperformance ...

Third Quarter 2024 Results October 23, 2024 Disclaimer Some of the statements in this presentation, including statements regarding our competitive advantages, loan and financial performance, business outlook, and demand for our loan programs, are "forward-looking statements." The words "anticipate," "believe," "estimate," "expect," "intend," "may," "outlook," "plan," "predict," "project," "will," "would" and similar expressions may identify forward-looking statements, although not all forward-looking statem ...

LendingClub Corporation (NYSE:LC) Q3 2024 Earnings Conference Call October 23, 2024 5:00 PM ET Company Participants Artem Nalivayko - Head, IR Scott Sanborn - CEO Drew LaBenne - CFO Conference Call Participants Tim Switzer - KBW Vincent Caintic - BTIG Giuliano Bologna - Compass Point John Hecht - Jefferies Brad Capuzzi - Piper Sandler Reggie Smith - JP Morgan Operator Good afternoon. Thank you for attending today's LendingClub Third Quarter 2024 Earnings Conference Call. My name is Sheila, and I'll be your ...

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 ...