Previous close | 1.9000 |
Open | 1.9000 |
Bid | 0.0000 |
Ask | 0.0000 |
Strike | 10.00 |
Expiry date | 2025-01-17 |
Day's range | 1.9000 - 1.9000 |
Contract range | N/A |
Volume | |
Open interest | N/A |
The company hasn't been able to make any whole loan sales in its personal loan portfolio for two quarters now.
LendingClub's stock was heavily sold off this past year, despite the company maintaining profitability.
LendingClub (LC) delivered earnings and revenue surprises of 8.33% and 3.79%, respectively, for the quarter ended March 2023. Do the numbers hold clues to what lies ahead for the stock?
As Warren Buffett once said, "You pay a very high price for a cheery consensus.... Uncertainty is actually the friend of the buyer of long-term values." With the Fed's interest rate hikes and the recent regional bank issues making investors more fearful that a recession may be coming, the following three stocks appear to have been thrown out with the bathwater. Amid the recent banking crisis, fintech LendingClub (NYSE: LC) has sold off to just 0.65 times its book value.
Axos Financial (AX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
LendingClub (LC) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Investors need to pay close attention to LendingClub (LC) stock based on the movements in the options market lately.
LendingClub sells a big portion of its loans to institutional investors that have been taken out of the marketplace by soaring interest rates.
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.
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?
LendingClub (LC) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.
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Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
The Zacks Earnings ESP is a great way to find potential earnings surprises. Why investors should take advantage now.
Virtu Financial (VIRT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
The black sheep among big banks this earnings season was definitely Goldman Sachs (NYSE: GS). The Wall Street bank saw its earnings plunge last quarter, as its core investment-banking business ground to a halt amid historically weak numbers of initial public offerings and mergers. In order to diversify away from the volatile investment banking and trading arms, Goldman has tried to cultivate its own consumer banking division under its Marcus brand.
LendingClub (LC) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
The consensus price target hints at a 60.4% upside potential for LendingClub (LC). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.
There is no such thing as a guaranteed winner on Wall Street, but these tech stocks have what it takes to generate serious returns.
LendingClub (LC) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Tech firms and Wall Street titans have axed thousands of jobs recently to rein in expenses as the U.S. Federal Reserve's hefty interest rate hikes and the fallout of the Ukraine war raise the odds of the economy tipping into a recession. LendingClub expects to incur charges of approximately $5.7 million, of which $4.4 million was expensed in the fourth quarter of 2022, according to a statement. The San Francisco, California-based financial services company will report fourth quarter and full-year 2022 earnings on January 25, 2023, after market hours.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
There could be huge upside potential for LendingTree and LendingClub and it may be time to look at these stocks while they are near multi-year lows.
Want to try a different approach? Tap five stocks with increasing P/E ratios. These include CuriosityStream (CURI), Root (ROOT), LendingClub (LC), Manitex International (MNTX) and Zynerba Pharmaceuticals (ZYNE).
LendingClub (LC) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.