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Stock impact report

LendingClub (LC) Stock Is Up, What You Need To Know [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
Shares of digital lending platform LendingClub (NYSE:LC) jumped 3.6% in the afternoon session after JPMorgan raised its price target on the company's stock to $25 from $22 while maintaining an 'Overweight' rating. The investment bank also identified Lending Club as its 'Top Pick,' noting the new target represented a potential 33% upside. This positive view came on the heels of other favorable news for the company. LendingClub had recently reported third-quarter earnings that beat analyst expectations. The company also announced a $100 million stock repurchase program and revealed a new partnership to enter the home improvement financing market, a sector valued at $500 billion. Show less Read more
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