LendingClub Corporation (LC, Financial) experienced a significant stock movement, with its price dropping by 5.04%. The stock is now trading at $13.56 per share, with a trading volume of 2.74357 million shares and a turnover rate of 2.42%. The stock's amplitude reached 5.67%.
Recent financial reports reveal that LendingClub achieved a revenue of $1.316 billion and a net profit of $51.33 million, with earnings per share (EPS) of $0.46. The company currently has a price-to-earnings (P/E) ratio of 30.18. Among the 10 institutions rating the stock, 80% recommend buying, while 20% suggest holding, with no sell recommendations.
Within the banking industry, where LendingClub operates, the overall decline was 0.30%. Other related stocks showing notable gains include Finwise Bancorp, Nsts Bancorp, Inc., and Flagstar Financial, Inc. LendingClub, along with Flagstar Financial, Inc. and UMB Financial, had active trading, with turnover rates of 2.42%, 2.05%, and 2.01% respectively. Stocks with significant amplitude include Finwise Bancorp at 14.02%, Shf Holdings, Inc. at 12.02%, and The Bancorp, Inc. at 10.51%.
LendingClub operates an online lending platform that connects borrowers and investors, offering personal, educational, small business, and auto loans. The company primarily earns revenue from transaction fees charged to its bank partners for facilitating loan issuance.
