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 |
|---|---|---|---|
| 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 | |
| 1/12/2022 | $32.00 | Neutral → Buy | Janney |
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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
SAN FRANCISCO, June 17, 2024 /PRNewswire/ -- LendingClub Corporation (NYSE:LC), the parent company of LendingClub Bank ("LendingClub"), America's leading digital marketplace bank, today announced that it has surpassed $3 billion in loans sold through its Structured LendingClub Loan Certificates program, which launched in April 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 Bank, National Association, Member FDIC. LendingClub Bank is the lead
SAN FRANCISCO, May 30, 2024 /PRNewswire/ -- LendingClub Corporation (NYSE:LC), the parent company of LendingClub Bank ("LendingClub"), America's leading digital marketplace bank, announced that its Chief Executive Officer Scott Sanborn and its Chief Financial Officer Drew LaBenne will participate in a fireside chat at the TD Financial Services & Fintech Summit on June 7, 2024 at 2:20 PM Eastern Time. 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
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
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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
Janney upgraded Lending Club from Neutral to Buy and set a new price target of $32.00
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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=
Expects Annualized Run-Rate Savings of $30 to $35 MillionProvides Preliminary Select Financial Results for Third Quarter 2023Schedules Third Quarter 2023 Earnings Release and Conference Call SAN FRANCISCO, Oct. 12, 2023 /PRNewswire/ -- LendingClub Corporation (NYSE:LC) announced today a cost reduction plan to ensure its ability to navigate through the challenging macroenvironment. The Company also provided preliminary results and scheduled the earnings release and conference call for the third quarter of 2023. LC) is the parent company of LendingClub Bank, National Association, Member FDIC. LendingClub Bank is the leading di
Continued Profitability with Strong Capital & Liquidity Levels Successful Launch of Structured Certificates Program SAN FRANCISCO, July 26, 2023 /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, 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 Bank, National Association, Member FDIC. Lendi
5 analysts have shared their evaluations of LendingClub (NYSE:LC) during the recent three months, expressing a mix of bullish and bearish perspectives. The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 2 2 1 0 0 Last 30D 1 0 0 0 0 1M Ago 0 0 0 0 0 2M Ago 1 0 0 0 0 3M Ago 0 2 1 0 0 Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $11.0, with a high estimate of $12.00 and a low estimate of $10.00. Marking an increase of 7.32%, t
Jefferies analyst John Hecht maintains LendingClub (NYSE:LC) with a Buy and raises the price target from $11 to $12.
LendingClub (NYSE:LC) has been analyzed by 4 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish. The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 2 1 0 0 Last 30D 1 0 0 0 0 1M Ago 0 0 0 0 0 2M Ago 0 2 1 0 0 3M Ago 0 0 0 0 0 The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $10.75, a high estimate of $12.00, and a low estimate of $10.00. Observing a 13.16% increase, the c
BTIG analyst Vincent Caintic initiates coverage on LendingClub (NYSE:LC) with a Buy rating and announces Price Target of $12.
Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) fell sharply during Wednesday's session as the company reported first-quarter results and issued revenue guidance for the second quarter. AMD guided to second-quarter revenue of $5.7 billion plus or minus $300 million and a non-GAAP gross margin of about 53% against Street estimates of $5.7 billion in second-quarter revenue. Street expectations for fiscal year 2024 are for earnings of $3.40 per share and revenue of $24.13 billion, respectively, according to data from Benzinga Pro. Advanced Micro Devices shares dipped 6.9% to $147.44 on Wednesday. Here are some other stocks moving in today’s mid-day session. Gainers CytomX Th
Keefe, Bruyette & Woods analyst Timothy Switzer maintains LendingClub (NYSE:LC) with a Market Perform and raises the price target from $9.5 to $10.
U.S. stocks were mixed, with the Dow Jones index gaining over 50 points on Wednesday. Shares of Powell Industries, Inc. (NASDAQ:POWL) rose sharply during Wednesday's session after the company reported better-than-expected second-quarter financial results. Powell Industries posted GAAP earnings of $2.75 per share, beating market estimates of $1.77 per share. The company's quarterly sales came in at $255.108 million versus expectations of $201.447 million, according to data from Benzinga Pro. Powell Industries shares jumped 23.2% to $176.16 on Wednesday. Here are some other big stocks recording gains in today's session. Rocky Brands, Inc. (NASDAQ:RCKY) shares jumped 31.6% to $3
Piper Sandler analyst Brad Capuzzi reiterates LendingClub (NYSE:LC) with a Overweight and raises the price target from $9.5 to $10.
Wedbush analyst David Chiaverini reiterates LendingClub (NYSE:LC) with a Outperform and maintains $11 price target.
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