LendingClub Corporation, operates as a bank holding company for LendingClub Bank, National Association that provides range of financial products and services through a technology-driven platform in the United States. The company provides commercial and industrial, commercial real estate, small business, and equipment loans, as well as leases equipment; and unsecured personal and auto, patient finance, and education finance loans. It also operates an online lending marketplace platform that connects borrowers and investors. The company was incorporated in 2006 and is headquartered in San Francisco, California.
IPO Year: 2014
Exchange: NYSE
Website: lendingclub.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 12/2/2024 | $17.00 | Overweight → Neutral | Analyst |
| 10/25/2024 | $16.00 → $19.00 | Buy | Maxim Group |
| 10/10/2024 | $11.50 → $15.00 | Mkt Perform → Outperform | Keefe Bruyette |
| 6/7/2024 | $12.00 | Buy | BTIG Research |
| 11/28/2023 | $8.00 | Overweight | Piper Sandler |
| 6/16/2023 | $13.50 | Buy | Jefferies |
| 4/11/2023 | $11.00 | Overweight | JP Morgan |
| 1/26/2023 | $10.00 | Buy → Neutral | Janney |
| 1/27/2022 | $34.00 → $27.00 | Neutral | Credit Suisse |
| 1/12/2022 | Neutral → Buy | Janney Montgomery Scott |
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Grew Originations +13%, Revenue +17%, and Total Assets +20% in Fourth Quarter Compared to Prior Year Executed $400 Million Loan Sale out of the Held-for-Sale Portfolio to a New Bank Buyer SAN FRANCISCO, Jan. 28, 2025 /PRNewswire/ -- LendingClub Corporation (NYSE:LC), the parent company of LendingClub Bank, America's leading digital marketplace bank, today announced financial results for the fourth quarter and full year ended December 31, 2024. LC) is the parent company of LendingClub Bank, National Association, Member FDIC. LendingClub Bank is the leading digital marketplace bank in the U.S." alt="LendingClub Corporation (N
SAN FRANCISCO, Jan. 9, 2025 /PRNewswire/ -- LendingClub Corporation (NYSE:LC), the parent company of LendingClub Bank, America's leading digital marketplace bank, announced that it will report earnings for the fourth quarter and full year 2024 after market closes on Tuesday, January 28, 2025. LendingClub will host a conference call to discuss the fourth quarter and full year 2024 financial results at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) on the same day. LC) is the parent company of LendingClub Bank, National Association, Member FDIC. LendingClub Bank is the leading digital marketplace bank in the U.S." alt="Lendin
Originations and Revenue Growth Supported by Return of Bank Buyers Total Assets Grew 25% Year to Date Driven by $1.3 Billion Purchase of LendingClub Loans Acquired Tally's Technology in October to Accelerate Product Roadmap SAN FRANCISCO, Oct. 23, 2024 /PRNewswire/ -- LendingClub Corporation (NYSE:LC), the parent company of LendingClub Bank, America's leading digital marketplace bank, today announced financial results for the third quarter ended September 30, 2024. LC) is the parent company of LendingClub Bank, National Association, Member FDIC. LendingClub Bank is the leading digital marketplace bank in the U.S." alt="Lendi
SAN FRANCISCO, Oct. 3, 2024 /PRNewswire/ -- LendingClub Corporation (NYSE: LC), the parent company of LendingClub Bank, America's leading digital marketplace bank, announced that it will report earnings for the third quarter 2024 after the market closes on Wednesday, October 23, 2024. LendingClub will host a conference call to discuss the third quarter 2024 financial results at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) on the same day. LC) is the parent company of LendingClub Bank, National Association, Member FDIC. LendingClub Bank is the leading digital marketplace bank in the U.S." alt="LendingClub Corporation (NYSE
10% Sequential Originations Growth Strong Balance Sheet Growth with Stable Net Interest Margin Drives Increase in Revenue SAN FRANCISCO, July 30, 2024 /PRNewswire/ -- LendingClub Corporation (NYSE:LC), the parent company of LendingClub Bank, America's leading digital marketplace bank, today announced financial results for the second quarter ended June 30, 2024. LC) is the parent company of LendingClub Bank, National Association, Member FDIC. LendingClub Bank is the leading digital marketplace bank in the U.S." alt="LendingClub Corporation (NYSE:LC) is the parent company of LendingClub Bank, National Association, Member FDIC.
SAN FRANCISCO, July 11, 2024 /PRNewswire/ -- LendingClub Corporation (NYSE:LC), the parent company of LendingClub Bank, America's leading digital marketplace bank, announced that it will report earnings for the second quarter 2024 after the market closes on Tuesday, July 30, 2024. LendingClub will host a conference call to discuss the second quarter 2024 financial results at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) on the same day. LC) is the parent company of LendingClub Bank, National Association, Member FDIC. LendingClub Bank is the leading digital marketplace bank in the U.S." alt="LendingClub Corporation (NYSE:LC
Strong Originations and Credit Performance Drives 12th Consecutive Quarter of GAAP Profitability SAN FRANCISCO, April 30, 2024 /PRNewswire/ -- LendingClub Corporation (NYSE:LC), the parent company of LendingClub Bank, America's leading digital marketplace bank, today announced financial results for the first quarter ended March 31, 2024. LC) is the parent company of LendingClub Bank, National Association, Member FDIC. LendingClub Bank is the leading digital marketplace bank in the U.S." alt="LendingClub Corporation (NYSE:LC) is the parent company of LendingClub Bank, National Association, Member FDIC. LendingClub Bank is the
SAN FRANCISCO, April 9, 2024 /PRNewswire/ -- LendingClub Corporation (NYSE:LC), the parent company of LendingClub Bank, America's leading digital marketplace bank, announced that it will report earnings for the first quarter 2024 after the market closes on Tuesday, April 30, 2024. LendingClub will host a conference call to discuss the first quarter 2024 financial results at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) on the same day. LC) is the parent company of LendingClub Bank, National Association, Member FDIC. LendingClub Bank is the leading digital marketplace bank in the U.S." alt="LendingClub Corporation (NYSE:LC)
Increased Marketplace Originations 21% QoQ with $1B of Structured Certificates Sold Continued GAAP Profitability with Strong Capital & Liquidity Levels SAN FRANCISCO, Jan. 30, 2024 /PRNewswire/ -- LendingClub Corporation (NYSE:LC), the parent company of LendingClub Bank, America's leading digital marketplace bank, today announced financial results for the fourth quarter and full year ended December 31, 2023. LC) is the parent company of LendingClub Bank, National Association, Member FDIC. LendingClub Bank is the leading digital marketplace bank in the U.S." alt="LendingClub Corporation (NYSE:LC) is the parent company of Lend
SAN FRANCISCO, Jan. 10, 2024 /PRNewswire/ -- LendingClub Corporation (NYSE:LC), the parent company of LendingClub Bank, America's leading digital marketplace bank, announced that it will report earnings for the fourth quarter and full year 2023 after the market closes on Wednesday, January 31, 2024. LendingClub will host a conference call to discuss the fourth quarter and full year 2023 financial results at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) on the same day. LC) is the parent company of LendingClub Bank, National Association, Member FDIC. LendingClub Bank is the leading digital marketplace bank in the U.S." alt=
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Analyst downgraded Lending Club from Overweight to Neutral and set a new price target of $17.00
Maxim Group reiterated coverage of Lending Club with a rating of Buy and set a new price target of $19.00 from $16.00 previously
Keefe Bruyette upgraded Lending Club from Mkt Perform to Outperform and set a new price target of $15.00 from $11.50 previously
BTIG Research initiated coverage of Lending Club with a rating of Buy and set a new price target of $12.00
Piper Sandler initiated coverage of Lending Club with a rating of Overweight and set a new price target of $8.00
Jefferies initiated coverage of Lending Club with a rating of Buy and set a new price target of $13.50
JP Morgan initiated coverage of Lending Club with a rating of Overweight and set a new price target of $11.00
Janney downgraded Lending Club from Buy to Neutral and set a new price target of $10.00
Credit Suisse reiterated coverage of LendingClub with a rating of Neutral and set a new price target of $27.00 from $34.00 previously
Janney Montgomery Scott upgraded LendingClub from Neutral to Buy
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Former Chief Customer Officer of Walmart and Executive Vice President of American Express Brings Decades of Experience Transforming Large Consumer Brands SAN FRANCISCO, April 24, 2023 /PRNewswire/ -- LendingClub Corporation (NYSE:LC), the parent company of LendingClub Bank, America's leading digital marketplace bank, today announced that Janey Whiteside joined as the newest member of its Board of Directors, effective April 20, 2023. "We're so pleased to welcome Janey to our Board of Directors," said Scott Sanborn CEO of LendingClub. "Janey has a track record of growing and
Former Vice Chairman and General Counsel of JPMorgan Chase & Co. Brings Decades of Banking Experience to the Board SAN FRANCISCO, March 27, 2023 /PRNewswire/ -- LendingClub Corporation (NYSE:LC), the parent company of LendingClub Bank, America's leading digital marketplace bank, today announced that Stephen Cutler has joined as the newest member of its Board of Directors, effective March 23, 2023. LC) is the parent company of LendingClub Bank, National Association, Member FDIC. LendingClub Bank is the leading digital marketplace bank in the U.S." alt="LendingClub Corporation (NYSE:LC) is the parent company of LendingClub Ban
SAN FRANCISCO, Feb. 10, 2022 /PRNewswire/ -- LendingClub Corporation (NYSE:LC), the parent company of LendingClub Bank, America's leading digital marketplace bank, today announced Balaji Thiagarajan as the company's new Chief Technology Officer (CTO). "Balaji joins us at a transformational point in our evolution," said Scott Sanborn, CEO of LendingClub. "His extensive experience in direct-to-consumer technology organizations that leverage big data, machine learning, mobile technologies, and cloud computing to deliver on both incredible business and customer outcomes is second
SAN FRANCISCO, Sept. 23, 2021 /PRNewswire/ -- The Consumer Financial Protection Bureau (CFPB) announced its appointment of LendingClub Bank's Director of Public Policy, Louis Caditz-Peck, as an advisor to the CFPB on its Consumer Advisory Board. The CFPB's Consumer Advisory Board helps inform the CFPB about emerging practices or trends in the consumer finance industry, and shares analysis and recommendations. The CFPB describes the Consumer Advisory Board as made up of experts in consumer protection, economic justice, and consumer financial products. Mr. Caditz-Peck joins col
SAN FRANCISCO, July 15, 2021 /PRNewswire/ -- LendingClub Corporation (NYSE:LC), the parent company of LendingClub Bank, America's leading digital marketplace bank, announced that Adrienne Harris has joined as the newest member of its Board of Directors, effective July 29, 2021. "We are thrilled to have Adrienne join our board and support our next chapter of growth," said Scott Sanborn, CEO of LendingClub. "She is deeply in touch with the fintech innovation landscape, is passionate about consumer financial health, and understands the policy and economic context in which we ope
SAN FRANCISCO, Jan. 19, 2021 /PRNewswire/ -- LendingClub Corporation (NYSE: LC), America's leading online lending marketplace connecting borrowers and investors, today announced that Al Landon, Erin Selleck and LendingClub's chief financial officer, Tom Casey, will join as the newest members of its Board of Directors at the completion of the acquisition of digital bank Radius Bancorp ("Radius"), which the company expects to occur on or around February 1, 2021, subject to completion or waiver of the remaining customary closing conditions. Simultaneously, Dan Ciporin, former general partner at Canaan Partners, and Ken Denman, former president & chief executive officer of Emotient, have deci
Grew Originations +13%, Revenue +17%, and Total Assets +20% in Fourth Quarter Compared to Prior Year Executed $400 Million Loan Sale out of the Held-for-Sale Portfolio to a New Bank Buyer SAN FRANCISCO, Jan. 28, 2025 /PRNewswire/ -- LendingClub Corporation (NYSE:LC), the parent company of LendingClub Bank, America's leading digital marketplace bank, today announced financial results for the fourth quarter and full year ended December 31, 2024. LC) is the parent company of LendingClub Bank, National Association, Member FDIC. LendingClub Bank is the leading digital marketplace bank in the U.S." alt="LendingClub Corporation (N
SAN FRANCISCO, Jan. 9, 2025 /PRNewswire/ -- LendingClub Corporation (NYSE:LC), the parent company of LendingClub Bank, America's leading digital marketplace bank, announced that it will report earnings for the fourth quarter and full year 2024 after market closes on Tuesday, January 28, 2025. LendingClub will host a conference call to discuss the fourth quarter and full year 2024 financial results at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) on the same day. LC) is the parent company of LendingClub Bank, National Association, Member FDIC. LendingClub Bank is the leading digital marketplace bank in the U.S." alt="Lendin
Americans Swipe for Rewards and Convenience, But 40% Find Credit Card Debt is Taking a Toll on Their Mental Health SAN FRANCISCO, Nov. 19, 2024 /PRNewswire/ -- Most Americans are drawn to credit cards for convenience, credit building, or rewards with every intention to pay their balance in full every month. However, life happens and nearly half of cardholders end up carrying a balance, today paying historically high interest rates on a loan they have trouble understanding and that they never intended to take. LC) is the parent company of LendingClub Bank, National Association, Member FDIC. LendingClub Bank is the leading dig
Originations and Revenue Growth Supported by Return of Bank Buyers Total Assets Grew 25% Year to Date Driven by $1.3 Billion Purchase of LendingClub Loans Acquired Tally's Technology in October to Accelerate Product Roadmap SAN FRANCISCO, Oct. 23, 2024 /PRNewswire/ -- LendingClub Corporation (NYSE:LC), the parent company of LendingClub Bank, America's leading digital marketplace bank, today announced financial results for the third quarter ended September 30, 2024. LC) is the parent company of LendingClub Bank, National Association, Member FDIC. LendingClub Bank is the leading digital marketplace bank in the U.S." alt="Lendi
LendingClub to leverage Tally's credit management solutions to benefit the bank's 5 million members Pagaya adds Tally's B2B credit management solution to its product suite offering for its over 30 lending partners LendingClub Corporation (NYSE:LC), operator of America's leading digital marketplace bank, and Pagaya Technologies LTD (NASDAQ:PGY), a global technology company delivering AI-driven product solutions for the financial ecosystem, today announced that they partnered together to acquire the intellectual property behind Tally Technologies, Inc. ("Tally"). Tally's innovative technology simplifies credit card management, helping users optimize payments, reduce interest, and improve c
SAN FRANCISCO, Oct. 3, 2024 /PRNewswire/ -- LendingClub Corporation (NYSE: LC), the parent company of LendingClub Bank, America's leading digital marketplace bank, announced that it will report earnings for the third quarter 2024 after the market closes on Wednesday, October 23, 2024. LendingClub will host a conference call to discuss the third quarter 2024 financial results at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) on the same day. LC) is the parent company of LendingClub Bank, National Association, Member FDIC. LendingClub Bank is the leading digital marketplace bank in the U.S." alt="LendingClub Corporation (NYSE
Members Who Regularly Save Are Rewarded With a 5.30% Annual Percentage Yield (APY) SAN FRANCISCO, Aug. 22, 2024 /PRNewswire/ -- LendingClub Bank, America's leading digital marketplace bank and a subsidiary of LendingClub Corporation (NYSE:LC), announced the launch of LevelUp Savings, a high-yield savings account that rewards members with competitive rates for making ongoing monthly deposit contributions. LC) is the parent company of LendingClub Bank, National Association, Member FDIC. LendingClub Bank is the leading digital marketplace bank in the U.S." alt="LendingClub Corporation (NYSE:LC) is the parent company of LendingC
SAN FRANCISCO, Aug. 13, 2024 /PRNewswire/ -- LendingClub Corporation (NYSE: LC), the parent company of LendingClub Bank, America's leading digital marketplace bank, has released new data revealing a surprising lack of consumer awareness regarding the true cost of their credit card debt in today's high interest rate environment. LendingClub conducted a national survey of 1,013 consumers from May 13 to May 21 to understand the trends and opinions on credit card usage and debt management. LC) is the parent company of LendingClub Bank, National Association, Member FDIC. LendingClub Bank is the leading digital marketplace bank in
10% Sequential Originations Growth Strong Balance Sheet Growth with Stable Net Interest Margin Drives Increase in Revenue SAN FRANCISCO, July 30, 2024 /PRNewswire/ -- LendingClub Corporation (NYSE:LC), the parent company of LendingClub Bank, America's leading digital marketplace bank, today announced financial results for the second quarter ended June 30, 2024. LC) is the parent company of LendingClub Bank, National Association, Member FDIC. LendingClub Bank is the leading digital marketplace bank in the U.S." alt="LendingClub Corporation (NYSE:LC) is the parent company of LendingClub Bank, National Association, Member FDIC.
SAN FRANCISCO, July 11, 2024 /PRNewswire/ -- LendingClub Corporation (NYSE:LC), the parent company of LendingClub Bank, America's leading digital marketplace bank, announced that it will report earnings for the second quarter 2024 after the market closes on Tuesday, July 30, 2024. LendingClub will host a conference call to discuss the second quarter 2024 financial results at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) on the same day. LC) is the parent company of LendingClub Bank, National Association, Member FDIC. LendingClub Bank is the leading digital marketplace bank in the U.S." alt="LendingClub Corporation (NYSE:LC