The stock of LendingClub Corporation (LC, Financial) experienced significant volatility, showing a rapid increase of 5.08%. The stock is currently priced at $11.59 per share, with a trading volume of 454,567 shares and a turnover rate of 0.41%. The stock's price fluctuation is noted to be 6.13%.
Recent financial reports indicate that LendingClub Corporation achieved a revenue of $330 million and a net profit of $14.90 million, resulting in an earnings per share (EPS) of $0.13. The company has not reported its gross profit data but holds a price-to-earnings (P/E) ratio of 30.46.
Regarding institutional ratings, out of the 10 firms participating, 80% have given a buy recommendation, while 20% have suggested holding the stock. No institutions recommended selling.
In the broader banking industry where LendingClub Corporation operates, the sector saw an overall decline of 0.15%. However, among related stocks, FinVolution Group, Greystone Housing Impact Investors LP Beneficial, and SHF Holdings, Inc. saw substantial gains. Additionally, Grupo Supervielle S.A., Pineapple Financial Inc., and UWM Holdings Corporation showed significant activity with turnover rates of 0.94%, 0.84%, and 0.78%, respectively. Notably, FinVolution Group, Bogota Financial Corp., and SHF Holdings, Inc. demonstrated considerable price fluctuations of 20.59%, 11.03%, and 9.70%, respectively.
LendingClub Corporation operates an online lending marketplace that connects borrowers and investors, facilitating various loans such as personal, educational, patient financing, small business, and auto loans. The company's revenue primarily stems from transaction fees charged for facilitating these loans through its platform in collaboration with banking partners.
