Millennials and Gen Z face ‘snowballing and snowballing' debt as high card balances and interest rates eat into their credit scores [Yahoo! Finance]
LendingClub Corporation (LC)
Last lendingclub corporation earnings: 2/18 04:06 pm
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Source: Yahoo! Finance
Total credit card debt in the U.S. topped $1.13 trillion by the end of 2023, according to the Federal Reserve Bank of New York's latest report on household debt , the highest on record. Though it's not unusual for debt levels to rise with the holidays, that's the 10th straight quarter of increases. Delinquencies, too, are on the rise. “Even though the economy overall is still great, there are pockets out there where people are being overextended,” researchers from the New York Fed said on a press call recently. While Americans of all ages are grappling with higher balances, Gen Z and millennials are seeing the largest average increases in total debt and the steepest decline in credit scores, according to data provided to Fortune by personal finance company Credit Karma on tens of millions of member accounts. Credit Karma's data shows that, on average, those with a score above 600 saw a 19-point decrease between March 2022 and February 2024. During the same time period, average
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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