LendingClub: Buybacks And Increased Profitability Could Be On The Cards

SOPA Images/LightRocket via Getty Images My last article on LendingClub (NYSE:LC) was back in April 2023 in the wake of the regional banking crisis where I discussed the impact of the adverse macro environment on its marketplace business as well as seeing some green shoots as rates appeared to decline. It has certainly been a volatile ride since then, however, the stock is still up ~12% since then. To recap, the LendingClub business model has been adversely impacted in 2022 and 2023 by rapidly rising intere ...