LendingClub (LC) Surges 8.2%: Is This an Indication of Further Gains?

LendingClub (LC) shares ended the last trading session 8.2% higher at $17.91. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 11% gain over the past four weeks.The upside can be attributed to LendingClub’s competitive strengths in its robust and resilient business model, leveraging two distinct revenue streams: marketplace revenue from loan origination fees and net interest income from loans retained for investment ...