LC

LendingClub Corporation

13.01
USD
-0.46%
13.01
USD
-0.46%
11.63 49.21
52 weeks
52 weeks

Mkt Cap 1.30B

Shares Out 99.78M

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This Fintech Stock Just Crushed its First Quarter Forecast

A variety of factors helped LendingClub (NYSE: LC) have a very successful first quarter. In this video clip from the "Future of Fintech" on Motley Fool Live, recorded on May 19, Fool.com contributor Bram Berkowitz gives his quick thoughts on why he is excited about the lending company. 10 stocks we like better than LendingClub When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* They just revealed what they believe are the ten best stocks for investors to buy right now... and LendingClub wasn't one of them! That's right -- they think these 10 stocks are even better buys. *Stock Advisor returns as of April 27, 2022 Bram Berkowitz: It's one of my bigger positions for fintech. I'm still very bullish on it. I thought they had a great first quarter. They upped their guidance, they beat the forecast significantly, they're increasing the credit quality of the loans they're originating, and they're also in the personal loan space like Upstart (NASDAQ: UPST), but completely different models. Upstart just got hammered for holding loans because their model is a marketplace, LendingClub is a digital marketplace bank, they got the bank charter, and they actually want to hold loans. They're actually increasing the amount of loans they are going to be holding, they do about a quarter. But it just goes to show that even though they are in the same space, they have different models, and they both can be successful. But if LendingClub was ever like, hey, we're going to stop holding all of our loans, they probably get hammered, and if Upstart was like we're going to start holding more, as we saw they got hammered. It's a cool thing to just compare and contrast, and look at the different models, but both operating in the personal loan space. But sorry to ramble, but yes, I am still bullish and if you have further questions, feel free. Bram Berkowitz has positions in LendingClub and has the following options: long January 2023 $45 calls on LendingClub and long January 2023 $48.42 calls on LendingClub. The Motley Fool has positions in and recommends Upstart Holdings, Inc. The Motley Fool has a disclosure policy. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Founded in 1993 in Alexandria, VA., by brothers David and Tom Gardner, The Motley Fool is a multimedia financial-services company dedicated to building the world's greatest investment community. Reaching millions of people each month through its website, books, newspaper column, radio show, television appearances, and subscription newsletter services, The Motley Fool champions shareholder values and advocates tirelessly for the individual investor. The company's name was taken from Shakespeare, whose wise fools both instructed and amused, and could speak the truth to the king -- without getting their heads lopped off.

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