LendingClub: Vulnerable To Consumer Credit Woes [Seeking Alpha]
LendingClub Corporation (LC)
Last lendingclub corporation earnings: 2/18 04:06 pm
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Source: Seeking Alpha
LendingClub: Vulnerable To Consumer Credit WoesApr. 28, 2020 3:48 PM ET|About:LendingClub Corporation (LC)by: Gary AlexanderSoftware, internet, media, IPOsSummaryLendingClub's ability to originate new loans will be constricted by waning investor demand for risk in 2020.Bank earnings have foreshadowed deep losses in unsecured consumer debt.Even before the coronavirus hit, LendingClub was seeing originations volumes decelerate. Q4 originations were up only 7% y/y, vs. 16% y/y in Q3.The expectations of higher defaults will sap institutional investor demand that funds LendingClub's originations, while also threatening LendingClub's own balance sheet.LendingClub (Shutdowns and layoffs affect lower and middle-income consumers the most - which is exactly the type of customer profile that signs up for LendingClub's loans. Already, newspaper headlines have reported consumersskipping or negotiating credit card paymentsAccordingly, shares of LendingClub have shed more than 45% since the start o
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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
- 12/5/25 - Form 144
- 11/26/25 - Form 4
- 11/26/25 - Form 4
- LC's page on the SEC website