Why Shares of LendingClub Are Soaring Today
Shares of digital consumer bank LendingClub (NYSE: LC) blasted up roughly 21%, as of 10:49 a.m. ET today. The company reported blowout second-quarter earnings and raised guidance.
After somewhat disappointing first-quarter results, largely due to higher marketing spend and the chaos around tariffs, LendingClub, which is largely in the business of refinancing credit card debt, delivered big in the second-quarter, generating earnings per share of $0.33 on total revenue of roughly $248.5 million. The fintech company easily beat Wall Street consensus estimates of $0.15 EPS and about $227.5 million of revenue.
Image source: Getty Images.
Source Fool.com
LendingClub Corp. Aktie
16,85 €
0,81 %
Deutliche Kaufsignale für LendingClub Corp. mit mehreren Buy- und keinen Sell-Einschätzungen.
Die Community prognostiziert für LendingClub Corp. ein Kursziel von 20 €, was einen leichten Anstieg gegenüber 16.85 € darstellt.
