If you'd like to learn more about how to best position yourself in undervalued stocks mispriced by the market to start December, consider joining Out Fox The Street .As with most fintechs, LendingClub Corporation (NYSE: LC ) has seen a big run this year. While the stock is up a lot off the lows, LendingClub is only trading back to a more normalized valuation. MyMark leads the investing group Out Fox The Street where he shares stock picks and deep research to help readers uncover potential multibaggers while ...

LendingClub (LC) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.Individual investors often ...

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With 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 that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even though momentum is a popular stock char ...

Core Viewpoint - LendingClub is well-positioned to benefit from falling interest rates amid record-high consumer credit card debt, with significant growth potential in the lending market [2][11]. Group 1: Consumer Credit Card Debt - Consumer credit card debt has reached a record level of $1.142 trillion as of the end of Q2, with average interest rates near historical highs [5]. - A survey indicates that 38% of consumers are considering debt consolidation to save on interest payments [2]. Group 2: Interest Rate Environment - The Federal Reserve initiated its interest rate easing cycle in September, reducing the benchmark interest rate by 50 basis points, marking the first cut since the pandemic [3]. - Market expectations suggest an additional 100 basis point decrease in the federal funds rate over the next year [11]. Group 3: LendingClub's Business Strategy - LendingClub has developed products to assist consumers in managing and consolidating their debts, including a service that allows members to transfer credit card balances into payment plans [8]. - The company acquired Radius Bancorp in 2021, enabling it to retain a larger portion of its loans funded by low-cost deposits [6]. Group 4: Financial Performance - LendingClub's net charge-off rate improved from 6.2% to 5.4% over the last two quarters, indicating better credit quality [10]. - The company reported a decrease in provisions for credit losses from $64.5 million to $47.5 million year-over-year, while net income rose from $5 million to $14.5 million [10]. Group 5: Future Outlook - LendingClub anticipates originating between $1.8 billion and $1.9 billion in loans in Q4, reflecting growth from the previous year [10]. - The combination of high credit card debt and declining interest rates positions LendingClub for substantial growth opportunities in the lending sector [11].

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 ...

Financial Performance - LendingClub's Q3 2024 total originations reached $1.9 billion, exceeding the guidance target of $1.8 billion to $1.9 billion[12] - The company's Q3 2024 Pre-Provision Net Revenue (PPNR) was $65.5 million, surpassing the guidance target of $40 million to $50 million[12] - Net Interest Income increased to $140.2 million in Q3 2024, driven by the purchase of a $1.3 billion loan portfolio[12] - Risk-Adjusted Revenue grew to $154.3 million in Q3 2024, driven by revenue growth partially offset by higher loan retention[18] - Book Value Per Common Share increased by 8% year-over-year to $11.95, while Tangible Book Value Per Common Share increased by 10% year-over-year to $11.19[34,41] Loan Portfolio and Credit Quality - LendingClub acquired a $1.3 billion seasoned portfolio of previously sold LendingClub-issued loans[16] - The portfolio yield is approximately 10%, inclusive of expected credit losses[17] - LendingClub's average cost of interest-bearing deposits is 4.79%[10] - The company's loan performance continues to outperform its competitive set in terms of delinquencies and hardships[13] Member Engagement and Strategy - LendingClub has over 5 million members[4] - Members save on average over 30% when they consolidate credit card debt through LendingClub[8] - The company's Net Promoter Score (NPS) is 83[5]

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 ...