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LC Apr 2023 7.000 put
| Previous close | 0.5500 |
| Open | 0.5500 |
| Bid | 0.6000 |
| Ask | 0.7500 |
| Strike | 7.00 |
| Expiry date | 2023-04-21 |
| Day's range | 0.4500 - 0.6000 |
| Contract range | N/A |
| Volume | |
| Open interest | 1.11k |
- Motley Fool
LendingClub Really Needs the Fed's Rate-Hiking Campaign to End
LendingClub sells a big portion of its loans to institutional investors that have been taken out of the marketplace by soaring interest rates.
- Motley Fool
LendingClub's Muted Outlook Spells Even Worse News for Upstart
The landscape has been quite challenging for financial companies over the past 18 months, as the Federal Reserve raised interest rates at a rapid pace, consumers were challenged by inflation, and the possibility of recession caused banks to increase their loan loss reserves, compressing net income. First, fintech companies are generally one- or two-product companies, as they are much earlier in their lifecycles than diversified big banks are. Second, there's a perception that fintechs may target a less creditworthy consumer, given that most fintechs tout new ways of underwriting clients overlooked or overcharged by traditional banks.
- Zacks
LendingClub (LC) Q4 Earnings Miss Estimates
LendingClub (LC) delivered earnings and revenue surprises of -5% and 2.72%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?
