LC Stock Recent News

LendingClub disappointed the market with conservative guidance for 2025. The fintech's potential remains high, with plans to double loan originations over time and expand into new investment products, including a rated structured certificate program. LC stock is attractive at less than 10x peak earnings potential, but patience is required for full growth realization.

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

U.S. stock futures were mixed this morning, with the Nasdaq futures gaining around 0.4% on Wednesday.

The web-based lending company's quarterly revenue beat Wall Street estimates.

LendingClub's latest quarterly results, released Tuesday (Jan. 28), indicated growth across several key metrics, including loan originations and deposits through its digital banking arm, and some improving credit metrics. However, in some cases, growth decelerated in the final quarter of the year, and forward-looking guidance helped send shares down 23% after hours on Tuesday.

LendingClub Corporation (NYSE:LC ) Q4 2024 Earnings Conference Call January 28, 2025 5:00 PM ET Company Participants Artem Nalivayko - IR Scott Sanborn - CEO Drew LaBenne - CFO Conference Call Participants Vincent Caintic - BTIG Brad Capuzzi - Piper Sandler Tim Switzer - KBW Giuliano Bologna - Compass Bill Ryan - Seaport Research Partners John Hecht - Jefferies Reggie Smith - JPMorgan Operator Good afternoon. Thank you for attending today's LendingClub Fourth Quarter ‘24 Earnings Conference Call.

LendingClub (LC) came out with quarterly earnings of $0.11 per share, beating the Zacks Consensus Estimate of $0.10 per share. This compares to earnings of $0.09 per share a year ago.

Grew Originations +13%, Revenue +17%, and Total Assets +20% in Fourth Quarter Compared to Prior Year Executed $400 Million Loan Sale out of the Held-for-Sale Portfolio to a New Bank Buyer SAN FRANCISCO , Jan. 28, 2025 /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, 2024. "We executed well in 2024, exiting the year with growth in originations, continued credit outperformance, successful new products and experiences, and more than five million members," said Scott Sanborn, LendingClub CEO.

An improvement in the top line, driven by the expected rise in interest-earning assets and other revenue components to aid LC's Q4 earnings.

Since acquiring Radius Bank in 2021, LendingClub's stock has been volatile. The high interest rate environment proved challenging, but the company has begun to turn the corner thanks to a more stable rate environment and the potential for further interest rate cuts. LendingClub can grow earnings significantly in 2025/2026 as loan originations ramp and bank buyers return to the marketplace.