LendingClub (LC) could be a solid choice for investors given its recent upgrade to a Zacks Rank #1 (Strong Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.Individual ...

Members Who Regularly Save Are Rewarded With a 5.30% Annual Percentage Yield (APY)SAN FRANCISCO, Aug. 22, 2024 /PRNewswire/ -- LendingClub Bank, America's leading digital marketplace bank and a subsidiary of LendingClub Corporation (NYSE: LC), announced the launch of LevelUp Savings, a high-yield savings account that rewards members with competitive rates for making ongoing monthly deposit contributions."We're excited to offer LevelUp Savings, an all-new deposit product that rewards members who regularly en ...

Core Viewpoint - LendingClub (LC) is expected to significantly outperform the market, particularly in a soft landing economic scenario, with a potential 50% chance of such an outcome as suggested by economic expert Mohamed El-Erian [5]. Company Financials - As of June 2024, LC's balance sheet shows a strong asset base primarily composed of fixed-yield loans, which do not reprice with interest rate changes [6][7]. - The total deposit base is approximately $7.5 billion, and a reduction of 150 basis points in rates could yield a pre-tax benefit of around $112 million, which is substantial given LC's market cap of $1.2 billion [8]. - The current balance of securities available for sale is about $2.4 billion, with a fixed yield of just over 7%, indicating strong demand from asset managers [7]. Marketplace Dynamics - LC's marketplace revenue for Q2-2024 is approximately $58 million, significantly lower than the $214 million in Q2-2022, but there are expectations for strong growth as the economic environment improves [9]. - An incremental annual revenue increase of around $200 million from the marketplace is considered plausible, with most benefits expected to contribute to the bottom line [9]. Risk Management - LC has de-risked its balance sheet in recent years, maintaining a high Common Equity Tier 1 (CET1) ratio of approximately 18%, which positions the company well to withstand economic downturns [12]. - The primary risk to LC's business model is a hard landing, which could lead to increased loan losses, although the likelihood of this scenario is viewed as low [10].

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 ...

LendingClub (LC) closed the last trading session at $9.93, gaining 18.8% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $13 indicates a 30.9% upside potential.The mean estimate comprises 10 short-term price targets with a standard deviation of $1.35. While the lowest estimate of $11 indicates a 10.8% increase from the current price level, the most optimistic analyst expects the st ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 Commission File Number: 001-36771 | --- | --- | |--------------------------------------------------------------------------------|--------------------------------------| | | | | LendingClub Corporation (Exact name of registrant as specified in its charter) | | | Delaware | 51-0605731 | | (State ...

LendingClub (LC) could be a solid choice for investors given its recent upgrade to a Zacks Rank #1 (Strong Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.Since a ch ...

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Whil ...

LendingClub Corporation (NYSE:LC) Q2 2024 Earnings Conference Call July 30, 2024 5:00 PM ET Company Participants Artem Nalivayko - Head, Investor Relations Scott Sanborn - Chief Executive Officer Drew LaBenne - Chief Financial Officer Conference Call Participants Giuliano Bologna - Compass Point Vincent Caintic - BTIG Bill Ryan - Seaport Research Partners David Chiaverini - Wedbush Securities Reggie Smith - JPMorgan Brad Capuzzi - Piper Sandler Tim Switzer - KBW Operator Good afternoon. Thank you for attend ...

LendingClub’s latest results noted growth in loan originations, a surge in repeat business — and cross-pollination efforts that management said reflect the ability to deepen, and lengthen, customer relationships.CEO Scott Sanborn noted on the conference call with analysts that originations were up 10% to more than $1.8 billion. “We have calibrated the business to the current operating environment,” he said on the call, as “strong credit performance” was a hallmark of the quarter, and said that delinquency r ...