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Stock impact report

LendingClub: Perplexing Negativity [Seeking Alpha]

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: Seeking Alpha
Summary LendingClub reported another quarter of records. The stock still trades at the lows follow the scandal around the former CEO when the business was at risk. Even a $7 price target offers a very low FY20 EV/EBITDA target. After yet another earnings report, LendingClub (NYSE: LC ) is trading in the $3.50 range following a quarter where key growth metrics grew at a 20% annual clip. My investment thesis remains solidly on track as the online lending platform with nearly $800 million of cash and loans held for sale is constantly ignored by the market. The perplexing value won't last as the fintech continues to survive and thrive in a rising interest rate environment. Image Source: LendingClub website Records All Around The last quarter included both records in loan originations and revenue. Loan originations reached $2.886 billion and grew about 2% above the previous record in Q2, while revenues were up 4% sequentially from the record $177 m Show less Read more
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