LC Stock Recent News

SAN FRANCISCO , April 9, 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 first quarter 2024 after the market closes on Tuesday, April 30, 2024. LendingClub will host a conference call to discuss the first quarter 2024 financial results at 2:00 p.m.

LendingClub Corp. Chief Executive Officer Scott Sanborn said consumer credit-card delinquencies have risen but “appear to be normalizing." He speaks on "Bloomberg Markets.

LendingClub faced severe headwinds as interest rates rose at the fastest pace in history. Despite that, the company adapted and maintained profitability through the turmoil.

LendingClub exited the standard operating agreement for a new bank with the Office of the Comptroller of the Currency, having met all the requirements noted in the operating agreement. The company now has more autonomy and flexibility in how it runs the business and deploys capital, while it continues to work closely with regulators.

LendingClub Corporation (LC) Q4 2023 Earnings Call Transcript

The headline numbers for LendingClub (LC) give insight into how the company performed in the quarter ended December 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

LendingClub (LC) came out with quarterly earnings of $0.09 per share, beating the Zacks Consensus Estimate of $0.02 per share. This compares to earnings of $0.19 per share a year ago.

LendingClub's business model has been negatively affected by rising interest rates and the regional banking crisis in 2022 and 2023. The company has implemented cost cuts and innovated its business model to offer "structured certificates" to investors. LendingClub currently operates at higher capital ratios than peers due to commitments made under an agreement with regulators.

SAN FRANCISCO , Jan. 10, 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 fourth quarter and full year 2023 after the market closes on Wednesday, January 31, 2024. LendingClub will host a conference call to discuss the fourth quarter and full year 2023 financial results at 2:00 p.m.

LendingClub (LC) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.