LC Stock Recent News

Goldilocks macro backdrop provides tailwinds to LC's business model. Lower rates translate to higher marketplace volumes and margins. Asset Managers and Bank Investors are expected to come back to the platform en masse.

LendingClub and AI lending network Pagaya have acquired Tally Technologies' intellectual property. Tally, a FinTech that helped consumers manage credit card debt, closed its doors in August.

LendingClub to leverage Tally's credit management solutions to benefit the bank's 5 million members Pagaya adds Tally's B2B credit management solution to its product suite offering for its over 30 lending partners SAN FRANCISCO and NEW YORK , Oct. 9, 2024 /PRNewswire/ -- LendingClub Corporation (NYSE: LC), operator of America's leading digital marketplace bank, and Pagaya Technologies LTD (NASDAQ: PGY), a global technology company delivering AI-driven product solutions for the financial ecosystem, today announced that they partnered together to acquire the intellectual property behind Tally Technologies, Inc. ("Tally"). Tally's innovative technology simplified credit card management, helping users optimize payments, reduce interest, and improve credit health.

LendingClub, now a bank holding company, excels in proprietary data analysis, resulting in superior loan portfolios and high customer satisfaction ratings. The company's mobile app boosts member engagement, leading to repeat loans with near-zero acquisition costs and better credit performance. Declining interest rates and record-high credit card debt present significant growth opportunities for LendingClub's loan refinancing products.

PITTSBURGH--(BUSINESS WIRE)--FHLBank Pittsburgh will relocate our headquarters at close-of-business on Friday, Oct. 11, 2024, to 301 Grant Street, Suite 2000, Pittsburgh, PA 15219.

LendingClub (LC) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

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 engage with us, while still allowing us the flexibility to manage funding costs as Fed rate policy eases," said Scott Sanborn, LendingClub CEO.

LendingClub has outperformed SoFi Technologies by 23% since June 17th. LendingClub's balance sheet is mainly comprised of fixed-yield loan assets that would benefit from lower interest rates and avoiding a recession. The marketplace segment of LendingClub is expected to experience significant revenue growth in a soft landing scenario, potentially leading to a substantial increase in the stock price.

SAN FRANCISCO , Aug. 13, 2024 /PRNewswire/ -- LendingClub Corporation (NYSE: LC), the parent company of LendingClub Bank, America's leading digital marketplace bank, has released new data revealing a surprising lack of consumer awareness regarding the true cost of their credit card debt in today's high interest rate environment. LendingClub conducted a national survey of 1,013 consumers from May 13 to May 21 to understand the trends and opinions on credit card usage and debt management.

Fintech marketplaces were about the worst-hit sector from two years of rate hikes. But they have the potential to recover quickest in a "soft landing" scenario.