LendingClub Corp Price, Forecast, Insider, Ratings, Fundamentals & Signals

Strong originations and credit performance drives 12th consecutive quarter of gaap profitability san francisco , april 30, 2024 /prnewswire/ -- lendingclub corporation (nyse: lc), the parent company of lendingclub bank, america's leading digital marketplace bank, today announced financial results for the first quarter ended march 31, 2024. "we're pleased to have started 2024 with another strong quarter, executing well against the factors we can control," said scott sanborn, lendingclub ceo.

San francisco , april 9, 2024 /prnewswire/ -- lendingclub corporation (nyse: lc), the parent company of lendingclub bank, america's leading digital marketplace bank, announced that it will report earnings for the first quarter 2024 after the market closes on tuesday, april 30, 2024. lendingclub will host a conference call to discuss the first quarter 2024 financial results at 2:00 p.m.

Increased marketplace originations 21% qoq with $1b of structured certificates sold continued gaap profitability with strong capital & liquidity levels san francisco , jan. 30, 2024 /prnewswire/ -- lendingclub corporation (nyse: lc), the parent company of lendingclub bank, america's leading digital marketplace bank, today announced financial results for the fourth quarter and full year ended december 31, 2023. "thanks to our differentiated business model, strong execution, data advantage, and ongoing innovation, we have remained one of the few fintechs to sustain gaap profitability throughout this turbulent macro environment, which positions us well for future acceleration," said scott sanborn, lendingclub ceo.

San francisco , jan. 10, 2024 /prnewswire/ -- lendingclub corporation (nyse: lc), the parent company of lendingclub bank, america's leading digital marketplace bank, announced that it will report earnings for the fourth quarter and full year 2023 after the market closes on wednesday, january 31, 2024. lendingclub will host a conference call to discuss the fourth quarter and full year 2023 financial results at 2:00 p.m.

40% of paycheck-to-paycheck consumers report super-prime credit scores 43% of all cardholders have had a revolving balance on their credit cards in 2023, an increase from 41% in 2022 san francisco , dec. 18, 2023 /prnewswire/ -- lendingclub corporation (nyse: lc), the parent company of lendingclub bank, america's leading digital marketplace bank, today released key findings from the 29th edition of the reality check: paycheck-to-paycheck research series, conducted in partnership with pymnts intelligence. the credit card use deep dive edition examines the financial lifestyles of u.s. consumers and explores how they use credit cards to manage their cash flows to get by.

LendingClub topped bottom-line estimates as its credit loss provision declined. The company expects to grow its loan book this quarter.

The headline numbers for LendingClub (LC) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

LendingClub noted in its latest results that deposits on its balance sheet grew as customers gravitated to high-yield savings products, credit quality was strong — and embedded finance solutions may offer a new avenue of future growth. As detailed in the most recent earnings materials, deposits of $7.5 billion represented an increase over the $7.

LendingClub (LC) came out with quarterly earnings of $0.11 per share, beating the Zacks Consensus Estimate of $0.03 per share. This compares to earnings of $0.13 per share a year ago.

High-interest savings accounts are growing in popularity, but given the lax and confusing laws surrounding banking in America, we are naturally wary and cautious when it comes to investing our money with big financial institutions.

LendingClub (LC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

SAN FRANCISCO , April 9, 2024 /PRNewswire/ -- LendingClub Corporation (NYSE: LC), the parent company of LendingClub Bank, America's leading digital marketplace bank, announced that it will report earnings for the first quarter 2024 after the market closes on Tuesday, April 30, 2024. LendingClub will host a conference call to discuss the first quarter 2024 financial results at 2:00 p.m.

Citigroup is priced at a 33% discount to tangible book value and is transforming to become more efficient. Goldman Sachs has struggled with slow investment banking activity, which shows signs of picking up this year.

LendingClub Corp. Chief Executive Officer Scott Sanborn said consumer credit-card delinquencies have risen but “appear to be normalizing." He speaks on "Bloomberg Markets.

LendingClub faced severe headwinds as interest rates rose at the fastest pace in history. Despite that, the company adapted and maintained profitability through the turmoil.