Exclusive: Early Data Shows 12% Of Online Loans In Trouble, Double Just Weeks Ago [Forbes]
LendingClub Corporation (LC)
Last lendingclub corporation earnings: 2/18 04:06 pm
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Source: Forbes
Above:As stores remain closed and job losses mount, Americans are struggling to pay back their online loans.FA stunning 6.6 million Americans filed for unemployment in the week ending April 4, and economists expect another 5 million this week. As unemployment rises, lenders like JPMorgan and Bank of America are setting aside record amounts to cover coming losses from Americans unable to pay their credit cards, auto loans and home mortgages.But 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 loa
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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