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LendingClub Shares Fall Despite Q4 Earnings Beat, 'Transformed Business Model'
Wednesday, January 26, 2022 - 5:54pm | 550LendingClub Corporation (NYSE: LC) announced Thursday its financial results for the fourth quarter. The results show a return to growth, as well as transformed business economics through a recent bank acquisition, and increased efficiency in operations. What Happened: Revenue stood at $818.6...
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EXCLUSIVE: LendingClub CEO Talks Lending, Spending And Savings On 'Power Hour'
Wednesday, August 4, 2021 - 7:09pm | 393LendingClub Corp (NYSE: LC) blew away estimates and raised guidance when the company reported its financial results last week. CEO Scott Sanborn appeared on Benzinga's YouTube show "Power Hour" for an exclusive interview Wednesday. LendingClub was founded in 2007 on the idea that data...
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Stone Ridge Loan Purchase Gives The Market A Shot Of Confidence In LendingClub
Wednesday, June 29, 2016 - 12:27pm | 242Stone Ridge Asset Management is eyeing a purchase of $1 billion worth of loans from LendingClub Corp (NYSE: LC). Bloomberg, citing "a person with knowledge of the matter," noted Stone Ridge's large purchase could help restore confidence in LendingClub's business among...
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Lending Club Announces New CEO, Workforce Reduction Plans
Tuesday, June 28, 2016 - 11:33am | 359One of the most hard-hit stocks over the past few months has been LendingClub Corp (NYSE: LC) after the company saw its CEO Renaud Laplanche resign in May. LendingClub's board of directors oversaw an internal review of $22 million in sales of near-prime loans that Laplanche conducted. LendingClub's...
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LendingClub CEO Is Out, Shares Tumble 25%
Monday, May 9, 2016 - 7:55am | 357Shares of Lending Club Corp (NYSE: LC) were trading lower by more than 25 percent early Monday morning after the company reported the resignation of its CEO within its first quarter results. Lending Club said it earned $0.01 per share in the first quarter on revenue of $151.27 million. Wall...