LendingClub (LC) closed the last trading session at $9.93, gaining 18.8% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $13 indicates a 30.9% upside potential.The mean estimate comprises 10 short-term price targets with a standard deviation of $1.35. While the lowest estimate of $11 indicates a 10.8% increase from the current price level, the most optimistic analyst expects the st ...

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 June 30, 2024 Commission File Number: 001-36771 | --- | --- | |--------------------------------------------------------------------------------|--------------------------------------| | | | | LendingClub Corporation (Exact name of registrant as specified in its charter) | | | Delaware | 51-0605731 | | (State ...

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.Since a ch ...

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.Whil ...

LendingClub Corporation (NYSE:LC) Q2 2024 Earnings Conference Call July 30, 2024 5:00 PM ET Company Participants Artem Nalivayko - Head, Investor Relations Scott Sanborn - Chief Executive Officer Drew LaBenne - Chief Financial Officer Conference Call Participants Giuliano Bologna - Compass Point Vincent Caintic - BTIG Bill Ryan - Seaport Research Partners David Chiaverini - Wedbush Securities Reggie Smith - JPMorgan Brad Capuzzi - Piper Sandler Tim Switzer - KBW Operator Good afternoon. Thank you for attend ...

LendingClub’s latest results noted growth in loan originations, a surge in repeat business — and cross-pollination efforts that management said reflect the ability to deepen, and lengthen, customer relationships.CEO Scott Sanborn noted on the conference call with analysts that originations were up 10% to more than $1.8 billion. “We have calibrated the business to the current operating environment,” he said on the call, as “strong credit performance” was a hallmark of the quarter, and said that delinquency r ...

Second Quarter 2024 Results July 30, 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 statemen ...

LendingClub (LC) came out with quarterly earnings of $0.13 per share, beating the Zacks Consensus Estimate of $0.04 per share. This compares to earnings of $0.09 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 225%. A quarter ago, it was expected that this company that connects borrowers and lenders online would post earnings of $0.03 per share when it actually produced earnings of $0.11, delivering a surprise of 266.67%. Over ...

III LendingClub EXHIBIT 99.1 LendingClub Reports Second Quarter 2024 Results 10% Sequential Originations Growth Strong Balance Sheet Growth with Stable Net Interest Margin Drives Increase in Revenue SAN FRANCISCO – July 30, 2024 – LendingClub Corporation (NYSE: LC), the parent company of LendingClub Bank, America's leading digital marketplace bank, today announced financial results for the second quarter ended June 30, 2024. "Our second quarter results mark an inflection point, with our business calibrated ...

10% Sequential Originations GrowthStrong Balance Sheet Growth with Stable Net Interest Margin Drives Increase in RevenueSAN FRANCISCO, July 30, 2024 /PRNewswire/ -- LendingClub Corporation (NYSE: LC), the parent company of LendingClub Bank, America's leading digital marketplace bank, today announced financial results for the second quarter ended June 30, 2024."Our second quarter results mark an inflection point, with our business calibrated to the current rate environment and positioned to accelerate as con ...