Lending Club Reports Third Quarter 2016 Results

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Go back to Lending Club Reports Third Quarter 2016 Results

BTIG Remains Positive on LendingClub (LC) Following Q3 Results, New Financing Agreement

November 7, 2016 11:42 AM EST

BTIG affirms LendingClub (NYSE: LC) with a Buy rating and $9 price target following Q3 results and new financing agreement announced earlier Monday.

Analyst Mark Palmer commented today, While investor skepticism about the ability of LendingClub Corporation (LC) to rebound from the scandal involving... More

LendingClub (LC) Tops Q3 EPS by 3c, Loan Originations Fall 12%

November 7, 2016 6:32 AM EST

LendingClub (NYSE: LC) reported Q3 EPS of ($0.04), $0.03 better than the analyst estimate of ($0.07). Revenue for the quarter came in at $112.6 million versus the consensus estimate of $103.31 million.

Loan originations in the third quarter of 2016 were $1.97 billion, up 1% compared to the $1.96 billion we... More