NYSE:LCConsumer Finance
LendingClub’s Banking Shift Puts Profitability And Valuation In Focus
LendingClub (NYSE:LC) has shifted from a marketplace only platform to a fully regulated US bank.
The company has reported a period of strong revenue growth alongside a move from losses to profitability.
This change alters how LendingClub funds loans and manages risk on its own balance sheet.
LendingClub now trades at $15.14, with the stock up 32.8% over the past year and 83.3% over three years, despite a 20.8% decline year to date. That mix of gains and recent pullback gives investors a...