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.
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Source Fool.com
LendingClub Corp. Stock
€16.95
-1.410%
LendingClub Corp. is currently one of the favorites of our community with 13 Buy predictions and no Sell predictions.
With a target price of 18 € there is a slightly positive potential of 6.19% for LendingClub Corp. compared to the current price of 16.95 €.
