UPDATE: LendingClub (LC) Slips to Session Low, Shares Down 6%
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FBR Capital Comments on Lending Club (LC) After Company Takes Steps to Address Credit and Demand
October 17, 2016 10:18 AM EDTFBR Capital maintained a Market Perform rating on Lending Club (NYSE: LC) after the company announced steps to boost investor returns and bolster investor demand for its loan products. The update was disclosed in an SEC filing after the market close on Friday.
Analyst Bob Ramsey commented on the development, stating, "The continued deterioration in credit is a concern, and the need to further raise rates may be a negative indicator for loan volume. Year to date, LC has... More
