Credit Card Debt Is Over $1.13 Trillion -- This 1 Stock Could Benefit From a Historic Refinancing Opportunity [Yahoo! Finance]
LendingClub Corporation (LC)
Last lendingclub corporation earnings: 2/18 04:06 pm
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Source: Yahoo! Finance
their credit cards , according to a new report on household debt from the Federal Reserve Bank of New York. Credit card debt is burdensome for consumers, and with credit card interest rates at all-time highs, many may look into consolidating their debts through personal loans. According to one survey, 38% of consumers are considering consolidating their debt, which can help simplify their finances and save on interest. If interest rates fall meaningfully in the next year or two, LendingClub (NYSE: LC) could benefit from a "historic refinance opportunity." Consumer credit card balances are rising alongside high interest rates The U.S. economy has displayed incredible resilience, relative to what experts expected. Entering last year, 80% of economists believed the U.S. economy would enter a recession in 2023 or 2024. However, a resilient economy over the past year has now led many to believe the chance of a recession is relatively low. Part of what drove strong economic numbers
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News
- 10 Best Ways To Make Passive Income in the Summer of 2024 [Yahoo! Finance]Yahoo! Finance
- How To Generate Passive Income With Just $1,000 [Yahoo! Finance]Yahoo! Finance
- Why LendingClub Stock Popped Today [Yahoo! Finance]Yahoo! Finance
- LendingClub Corporation (NYSE:LC) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- LendingClub Co. (NYSE: LC) had its price target raised by analysts at Keefe, Bruyette & Woods from $9.50 to $10.00. They now have a "market perform" rating on the stock.MarketBeat
LC
Earnings
- 4/30/24 - Beat
LC
Sec Filings
- 5/2/24 - Form DEFA14A
- 5/1/24 - Form 10-Q
- 4/30/24 - Form 8-K
- LC's page on the SEC website