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 ...

LendingClub (LC) could be a solid choice for investors given its recent upgrade to a Zacks Rank #1 (Strong Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.Individual ...

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 ...

Core Viewpoint - LendingClub (LC) is expected to significantly outperform the market, particularly in a soft landing economic scenario, with a potential 50% chance of such an outcome as suggested by economic expert Mohamed El-Erian [5]. Company Financials - As of June 2024, LC's balance sheet shows a strong asset base primarily composed of fixed-yield loans, which do not reprice with interest rate changes [6][7]. - The total deposit base is approximately $7.5 billion, and a reduction of 150 basis points in rates could yield a pre-tax benefit of around $112 million, which is substantial given LC's market cap of $1.2 billion [8]. - The current balance of securities available for sale is about $2.4 billion, with a fixed yield of just over 7%, indicating strong demand from asset managers [7]. Marketplace Dynamics - LC's marketplace revenue for Q2-2024 is approximately $58 million, significantly lower than the $214 million in Q2-2022, but there are expectations for strong growth as the economic environment improves [9]. - An incremental annual revenue increase of around $200 million from the marketplace is considered plausible, with most benefits expected to contribute to the bottom line [9]. Risk Management - LC has de-risked its balance sheet in recent years, maintaining a high Common Equity Tier 1 (CET1) ratio of approximately 18%, which positions the company well to withstand economic downturns [12]. - The primary risk to LC's business model is a hard landing, which could lead to increased loan losses, although the likelihood of this scenario is viewed as low [10].

Rate hikes have slammed this fintech, but imminent cuts could make it skyrocket.The Federal Reserve's fastest-ever interest rate hikes since March 2022 have been a big headwind for a lot of stocks. But nowhere have rapid rate hikes been felt more than the fintech space, with the potential exception of regional banks. Fintech marketplaces such as LendingClub (LC -2.76%) count regional banks as some of their key loan buyers, so when those banks had to pull back, fintech marketplaces such as LendingClub, Upsta ...