LC Stock Recent News

The consensus price target hints at a 30.9% upside potential for LendingClub (LC). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

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.

Does LendingClub (LC) have what it takes to be a top stock pick for momentum investors? Let's find out.

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 attending today's LendingClub 2Q '24 Earnings Conference Call.

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.

LendingClub (LC) came out with quarterly earnings of $0.13 per share, beating the Zacks Consensus Estimate of $0.04 per share. This compares to earnings of $0.09 per share a year ago.

10% Sequential Originations Growth Strong Balance Sheet Growth with Stable Net Interest Margin Drives Increase in Revenue SAN FRANCISCO , July 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 second quarter ended June 30, 2024. "Our second quarter results mark an inflection point, with our business calibrated to the current rate environment and positioned to accelerate as conditions improve," said Scott Sanborn, LendingClub CEO.

SAN FRANCISCO , July 11, 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 second quarter 2024 after the market closes on Tuesday, July 30, 2024. LendingClub will host a conference call to discuss the second quarter 2024 financial results at 2:00 p.m.

Upstart leverages artificial intelligence to make personal loans accessible to more borrowers. It doesn't hold loans on its balance sheet and has been unable to capitalize on higher interest rates.

LendingClub has sold more than $3 billion in loans through its Structured LendingClub Loan Certificate program since the launch of that program in April 2023.