When Interest Rates Come Down, This Fintech Is Primed to Take Off
LendingClub(LC) The Motley Fool·2024-08-13 08:14
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 ...