NYSE:LCConsumer Finance
LendingClub (LC) Is Down 5.0% After Authorizing $100 Million Share Buyback and Wellington Stake Increase
LendingClub Corporation announced in early November 2025 that it had authorized a share repurchase program of up to US$100 million, effective until December 31, 2026.
An interesting aspect of this development is Wellington Management Group LLP's substantial increase in its stake, suggesting strong institutional interest following the buyback authorization.
We'll explore how the new share repurchase program may influence LendingClub's earnings outlook and investor sentiment moving...