LendingClub (NYSE: LC)
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LendingClub Return vs. S&P
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LendingClub Company Info
LendingClub Corp. engages in an online marketplace that facilitates loans to borrowers and investments. It operates through the LendingClub Bank and LendingClub Corporation (Parent Only) segments. The LendingClub Bank segment offers a full complement of financial products and solutions, including loans, leases and deposits. It originates loans to individuals and businesses, retains loans for investment, sells loans to investors and manages relationships with deposit holders. The LendingClub Corporation (Parent Only) segment refers to the holding company legal entity. The company was founded by Renaud Laplanche and Soulaiman Htite in 2006 and is headquartered in San Francisco, CA.
News & Analysis
LendingClub's stock was heavily sold off this past year, despite the company maintaining profitability.
LendingClub sells a big portion of its loans to institutional investors that have been taken out of the marketplace by soaring interest rates.
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LC earnings call for the period ending September 30, 2021.
LC earnings call for the period ending March 31, 2020.
LC earnings call for the period ending December 31, 2019.
LC earnings call for the period ending September 30, 2019.
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