|Bid||4.300 x 28800|
|Ask||4.310 x 27600|
|Day's range||4.200 - 4.360|
|52-week range||4.050 - 6.785|
|PE ratio (TTM)||N/A|
|Earnings date||12 Feb 2018 - 16 Feb 2018|
|Forward dividend & yield||N/A (N/A)|
|1y target est||6.41|
Lenders should be judged not on how fast they grow during good times, but how they perform in periods like today when consumer defaults are ticking up. On that basis, LendingClub looks unprepared and investors ...
Lenders should be judged not on how rapidly they grow during good times, but how they perform in periods like today when consumer defaults are ticking up. On that basis, LendingClub looks unprepared and ...
LendingClub will only lend to really creditworthy folks as it establishes a tighter lending model. The fintech leader slashed guidance as it makes this transition.
Can someone please lend a hand to Lending Club (LC)? Although Lending Club grew revenue 34% in the September quarter, the online lending marketplace lowered guidance for December and said it would halt lending to certain borrowers with lower credit scores, because such loans were performing poorly. This tier of borrowers only accounts for 3% of all loans arranged by Lending Club--which matches borrowers to lenders, but does not itself extend credit -- yet Wall Street now doubts the brilliance of Lending Club’s “machine learning” loan evaluations.
Shares of the online loan originator fell 20% as it slashed guidance due to a new credit model, raising questions about its ability to grow quickly while growing responsibly.
Shares of LendingClub Corp. tanked 15% late Tuesday after the company missed third-quarter revenue expectations and called for lower sales in the fourth quarter. LendingClub said it lost $6.5 million, ...
Square (SQ) is gearing up to report its 3Q17 while its credit arm, Square Capital, is getting a lot of attention because of how robustly the business is growing.
Digital invoicing platform MarketInvoice is launching business loans to its customers for the first time.
Online loan specialist LendingClub Corp. is shutting down five of its investment funds, including a $318 million portfolio that had been marked by accounting issues and sagging performance, according to ...
Large incumbent financial firms will continue to control the bulk of the value in the industry, but the structure of the value chain and the way these firms compete will change drastically.
Before major investors made their presentations, some rising stars shared their best ideas at the Sohn conference
Bluevine CEO Eyal Lifshitz says every investor asks how your online lending startup is different from public market peers like Lending Club and OnDeck.
Chinese peer-to-peer lending platform Dianrong has raised $220 million from Singapore sovereign fund GIC Pte Ltd and other investors to fund R&D in China and potential ventures elsewhere in Asia. Other investors in the funding round included CMIG Leasing, a unit of China's biggest private investment conglomerate China Minsheng Investment Group (CMIG), and South Korean fund manager Simone Investment Managers, Dianrong said on Wednesday.
Despite some turmoil in the online banking sector over the last year, SoFi has been able to keep growing, expanding into mortgages and wealth management.