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0 -0.000488042947779481 0.000488042947779307 0 0 -0.00439238653001463 -0.00439238653001463 -0.00439238653001463
Stock impact report

Why LendingClub (LC) Stock Is Trading Up Today [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
On December 10, the central bank lowered the key interest rate by 25 basis points to a range of 3.5-3.75%. A lower interest rate environment is considered helpful for fintech companies like LendingClub. The change can positively affect technological improvements and product innovation in the sector. The market's reaction reflected optimism that lower rates would provide a favorable backdrop for the company's business operations. This rate cut marked the continuation of the Fed's policy adjustments, following previous reductions earlier in the year. After the initial pop the shares cooled down to $20.62, up 4.4% from previous close. Is now the time to buy LendingClub? Access our full analysis report here LendingClub's shares are extremely volatile and have had 31 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business. The previou Show less Read more
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