LendingClub Exceeds $3 Billion in Loans Sold Through Its Structured Certificates Program [Yahoo! Finance]
LendingClub Corporation (LC)
Last lendingclub corporation earnings: 2/18 04:06 pm
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Source: Yahoo! Finance
leading digital marketplace bank, today announced that it has surpassed $3 billion in loans sold through its Structured LendingClub Loan Certificates program, which launched in April 2023 "Our structured certificates program is gaining strong momentum among our loan investors because they recognize the value of consumer credit as an asset class, the quality of our underwriting, and our streamlined financing solutions," said Scott Sanborn , CEO of LendingClub. "The success of this program, which is unique to us, is another indicator of our status as a provider of choice in this asset class." LendingClub's structured certificates program is a two-tranche private securitization in which LendingClub retains the senior note and sells the residual certificate on a pool of loans to a marketplace investor at a predetermined price, effectively providing built-in financing. This program, enabled by LendingClub's unique marketplace bank model, benefits both marketplace investors and the ba
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News
- Forget Upstart, Buy This Magnificent Fintech Stock Instead [Yahoo! Finance]Yahoo! Finance
- LendingClub Exceeds $3 Billion in Loans Sold Through Its Structured Certificates ProgramPR Newswire
- What Is Peer-to-Peer Lending and When Should You Consider It? [Yahoo! Finance]Yahoo! Finance
- 16 best long-term CDs to open this June (with rates up to 4.80%) [CBS News]CBS News
- LendingClub Co. (NYSE: LC) is now covered by analysts at BTIG Research. They set a "buy" rating and a $12.00 price target on the stock.MarketBeat
LC
Earnings
- 4/30/24 - Beat
LC
Sec Filings
- 6/13/24 - Form 4
- 6/13/24 - Form 4
- 6/13/24 - Form 4
- LC's page on the SEC website