LendingClub Corp (NYSE:LC)
$ 9.01 -0.22 (-2.38%) Market Cap: 1.00 Bil Enterprise Value: 232.60 Mil PE Ratio: 26.50 PB Ratio: 0.79 GF Score: 71/100

LendingClub Corp at Credit Suisse Financial Services Forum Transcript

Feb 14, 2023 / 08:15PM GMT
Release Date Price: $10.09 (+0.90%)
Moshe Ari Orenbuch;dit Suisse AG
CrÃ;Research Division - MD and Equity Research Analyst

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Good afternoon, everyone. We're very pleased to be here with the management of LendingClub. LendingClub is a leading online full-spectrum fintech marketplace and a pioneer really of the consumer lending over the Internet. The company acquired a bank in 2021 that allowed LendingClub to use its balance sheet to further support that lending business.

Drew LaBenne, the CFO, is with us today. Before joining LendingClub, Drew was CFO of Bakkt Holdings, an amalgamated bank, leading both of them through their IPOs and had divisional CFO responsibilities at both JPMorgan and Capital One.

Questions & Answers

Moshe Ari Orenbuch;dit Suisse AG;Andrew LaBenne<
CrÃ;Research Division - MD and Equity Research Analyst

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So we're going to do this in a fireside chat. And so maybe, Drew, talk to us a little bit first about what made you decide to join LendingClub, what attracted you to that opportunity?

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