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SoFi Technologies Inc.'s (NASDAQ: SOFI) chief executive officer recently stated at a conference that the fintech company is targeting 30% member growth and 20% revenue growth.
LendingClub Corporation (LC) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, LC's 50-day simple moving average broke out above its 200-day moving average; this is known as a "golden cross.
LendingClub delivered outstanding 2Q25 results, beating consensus estimates on EPS and revenue. Strong credit performance, efficient marketing, and robust loan originations drove results. Management achieved its year-end goals early and raised guidance for originations, pre-provision net revenue, and return on tangible common equity.
Investors need to pay close attention to LC stock based on the movements in the options market lately.
Investment management giant BlackRock has inked a new agreement with financial services company LendingClub. This arrangement, announced in a news release Tuesday (Aug.) will see funds and accounts managed by BlackRock advisors invest up to $1 billion through LendingClub's marketplace programs through next year.
SAN FRANCISCO , Aug. 5, 2025 /PRNewswire/ -- LendingClub Corporation (NYSE: LC) today announced the signing of a memorandum of understanding by which funds and accounts managed by BlackRock (NYSE: BLK) investment advisors will invest up to $1 billion through LendingClub's marketplace programs through 2026. "Our partnership with BlackRock is an exciting step forward for LendingClub," said Clarke Roberts, Senior Vice President and General Manager, Marketplace at LendingClub.
ZWS, LC and HLI made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on August 4, 2025.
Fintech stocks have been battered by the economic slowdown of 2019, the COVID-19 pandemic, the subsequent post-pandemic inflation, the regional bank crisis of 2023, and then the recent tariff-related uncertainty of "Liberation Day." But battered fintechs and lenders that survived these successive lending crises are now on the brink of better things -- potentially much better.
The Connected Economy 100 index had a tough week, losing 4.2% percent across all pillars except “eat.” While the index was down overall due to big drops at several companies, including double digits at Xero, iRobot, and United Healthcare, there were some notable highlights.
LendingClub has executed strongly, beating revenue and earnings forecasts and outperforming peers in credit quality and risk management. Despite strong company performance, I am downgrading it from 'Strong Buy' to 'Buy' due to rising macroeconomic risks, especially consumer credit delinquencies. The stock is no longer a deep value play after recent price appreciation, though some valuation metrics remain attractive.