Fishing For Yield In A Low Rate Environment? Here's Where You Can Find It [Seeking Alpha]
LendingClub Corporation (LC)
Last lendingclub corporation earnings: 2/18 04:06 pm
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US:NYSE Investor Relations:
ir.lendingclub.com
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Source: Seeking Alpha
In my previous article on corporate debt WSJ 4D's The vicious demand for corporate debt from yield-hungry investors had pushed investors below the quality ladder and dramatically increased their risk appetite. This excessive demand begs for more supply until the spreads are compressed. In 2019, buybacks reached close to $1 trillion, and more than half was financed by debt, thus, increasing leverage and drawing down cash. Increase in debt on balance sheet led to BBB apocalypse- with 55% of corporate debt is now a notch above junk. These bonds could potentially turn into fallen angels if a downturn hits. Unsurpr izingly, the corporate debt bubble was flagged by prominent investors like Jeff Gundlach, Bill Dudley, David Einhorn and Eric Rosenberg, calling it to be the catalyst for the next crash. So where can investors find yield without taking too much risk? The answer is consumer credit. Previously consumer lending segment was dominated by banks, but the 2008 credit crisis drove banks
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News
- Peer-to-Peer Lending Market Surges to US$ 1709.6 Billion by 2034, Driven by Growing Demand and Reduced Operating Costs | Future Market Insights, Inc. [Yahoo! Finance]Yahoo! Finance
- 4 Warning Signs You're Not Prepared for Unexpected Medical Expenses [Yahoo! Finance]Yahoo! Finance
- This couple makes $139K/year yet they're drowning in debt and can barely make ends meet. Ramit Sethi weighs in [Yahoo! Finance]Yahoo! Finance
- LendingClub Schedules First Quarter 2024 Earnings Release and Conference Call [Yahoo! Finance]Yahoo! Finance
- LendingClub Schedules First Quarter 2024 Earnings Release and Conference CallPR Newswire
LC
Earnings
- 1/30/24 - Beat
LC
Sec Filings
- 4/11/24 - Form PRE
- 3/25/24 - Form 4
- 3/25/24 - Form 4
- LC's page on the SEC website