Exclusive: The Coming Default Crisis With Online Loans [Forbes]
LendingClub Corporation (LC)
Last lendingclub corporation earnings: 2/18 04:06 pm
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Source: Forbes
FA stunning 5.2 million Americans filed for unemployment in the week ending April 11, leading to a total of 22 million job losses over the past month. As unemployment rises, lenders like JPMorganBut according todataConsumer Loan Impairments Hit 12%, Doubling In WeeksAfter the coronavirus hit, late consumer loan payments doubled from March 18 to April 9, an unprecedented spike in loan trouble that shows little sign of abating.Dv01As of April 9, some 12% of consumer loans made by online lenders are already “impaired.” That means the borrower has skipped a payment either by negotiating a due-date extension with a lender or simply by not paying. It’s a near-doubling of troubled loans in three weeks, according to data that tracks 1.7 million loans worth $19 billion provided by Dv01, which happens to be named after a formula that traders use to calculate their exposure to interest rate changes. The startup, more broadly, tracks 32 million loans with a combined notional value of $3 trillion.
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News
- LendingClub (LC) Stock Is Up, What You Need To Know [Yahoo! Finance]Yahoo! Finance
- LendingClub (NYSE:LC) had its price target raised by analysts at JPMorgan Chase & Co. from $22.00 to $25.00. They now have an "overweight" rating on the stock.MarketBeat
- LendingClub's Sanborn on the State of Consumer Credit [Yahoo! Finance]Yahoo! Finance
- LendingClub (NYSE:LC) had its "hold (c+)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- LendingClub: Marketplace Revenue Is Surging, But The Market Isn't Paying Attention [Seeking Alpha]Seeking Alpha
LC
Earnings
- 10/22/25 - Beat
LC
Sec Filings
- 11/26/25 - Form 4
- 11/26/25 - Form 4
- 11/26/25 - Form 4
- LC's page on the SEC website