Initiating Buy On LendingClub: Lower Interest Rates And Excess Capital Present Opportunity

LendingClub (NYSE: LC ) launched in 2007 as a peer-to-peer lender and one of the pioneers of the then-burgeoning fintech landscape. The company went public in 2014 and then made a major pivot in 2020, shutting down its P2P lending platformWriting about banks, fintech, mutual banks, and other financials and sectors occasionally. Interested in the growing intersection between banks and fintech companies. Have now covered banking for five years.Analyst’s Disclosure: I/we have a beneficial long position in the ...