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Stock impact report

LendingClub Leadership Shakeup Tests Confidence In Growing Loan Platform [Yahoo! Finance]

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: Yahoo! Finance
LendingClub (NYSE:LC) announced major leadership transitions, including the planned resignation of its longtime chairman and its chief risk officer. The changes come alongside loan origination growth of 40% year on year and earnings that outperformed internal expectations. The company is expanding into home improvement financing, supported by new technology capabilities and talent acquisitions. LendingClub operates a digital lending platform focused on personal and related consumer credit products, and it is now extending that reach into the home improvement category. For investors watching the broader fintech sector, this mix of executive turnover and product expansion arrives at a time when digital lenders are refining their business models and risk frameworks. The combination of governance changes and new verticals gives you more moving parts to track than a simple quarter to quarter earnings story. Looking ahead, the key questions for you are how the new leadership struct Show less Read more
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