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Stock impact report

3 Revelations From LendingClub's Earnings Report [The Motley Fool]

LendingClub Corporation (LC) 
Last lendingclub corporation earnings: 2/18 04:06 pm Check Earnings Report
US:NYSE Investor Relations: ir.lendingclub.com
Company Research Source: The Motley Fool
Management is still working its way back from a two-year-old scandal while navigating a challenging credit environment. An analyst with BTIG called LendingClub 's ( NYSE:LC )  recently reported fourth quarter a mixed bag, and I would agree. The leading personal-loan platform is going through a turnaround stemming from a scandal it endured back in early 2016, which is having lingering effects on the business. The company spent 2017 retrenching, refreshing its management ranks , and tightening underwriting in order to uphold loan quality. It only returned to underwriting growth in the second half of the year. However, conservatism is good for LendingClub's long-term health -- sort of like eating your vegetables. And much like a plate of steamed broccoli, low growth is not terribly appealing in the current bull market. The retrenching also comes at a time of increased legal costs relating to the 2016 scandal, which does not make for a great combination. In addition, Show less Read more
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