The stock of LendingClub (NYSE: LC) was cast off years ago, but with the economy recovering from Covid, it's a fintech to put on your buy list. LendingClub was one of the first fintech stocks, based on the idea that a tech-forward, branchless lender could underwrite loans more accurately while offering lower rates to customers than traditional bank-based credit cards. LendingClub was also initially a marketplace model, which would sell its loans to outside investors and banks.
LC, PLCE, ZIM, and CLFD made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on November 22, 2021.
LendingClub, FedEx, Applied Materials and Williams-Sonoma highlighted as Zacks Bull and Bear of the Day