LendingClub: Irrational Exuberance [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
Company Research
Source: Seeking Alpha
Summary LendingClub ( LC ) announced yet another unprofitable quarter on November 7 th . This might surprise some readers who have only read at statements which highlighted adjusted earnings. Adjusted earnings exclude what are supposed to be one-time items or items that do not reflect the ongoing performance of a company’s underlying operations. In the case of LC, it would behoove investors to give much greater weighting to the GAAP earnings. This is even more important than usual in this case since actual results always show a loss in LendingClub’s recent history. Another Source of High Interest Loans When considering a company’s valuation or prospects, investors should carefully consider what the company in question really does. Does the company provide value to its customers or society? In the case of LendingClub, the answer is a resounding no. In some cases, they are providing a service that is only slightly better than that provided by the payday loan industry. Most s
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LC
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