LendingClub (LC) Misses Q4 EPS by 1c, Offers Guidance; Announces Settlement of Previously Disclosed Class Action Lawsuits

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LendingClub Reports Fourth Quarter and Full Year 2017 Results

February 20, 2018 4:06 PM EST

SAN FRANCISCO, Feb. 20, 2018 /PRNewswire/ -- LendingClub Corporation (NYSE: LC), America's largest online marketplace connecting borrowers and investors, today announced financial results for the fourth quarter and full year ended December 31, 2017. The company also provided guidance for the first quarter 2018, reaffirmed its full year 2018 guidance, and announced that it has successfully reached a preliminary settlement of class action lawsuits filed in federal and California state courts arising from legacy issues disclosed by the company in 2016.

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