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Stock impact report

Forget Upstart, Buy This Magnificent Fintech Stock Instead [Yahoo! Finance]

LendingClub Corporation (LC) 
Last lendingclub corporation earnings: 2/18 04:06 pm Check Earnings Report
US:NYSE Investor Relations: ir.lendingclub.com
Company Research Source: Yahoo! Finance
The exciting fintech got off to a blistering red-hot start following its December 2020 IPO, but it remains a young, up-and-coming company. Its lending model has much to prove as people grapple with multi-decade-high interest rates and near-record levels of credit card debt. While the company's long-term potential is huge, another company with a more mature, stable business model is a better buy for investors today. Before you buy Upstart, consider this competitor The past several years have been difficult for personal lenders, and people are dealing with high interest rates as the Federal Reserve looks to put a lid on inflation. The high-interest-rate environment has made it difficult for personal lenders like Upstart. They have seen muted demand for their products from both borrowers and investors. Borrowers found interest rates too high for loans, while investors held back from adding loans to their balance sheets as interest rates rose rapidly. LendingClub (NYSE: LC) is Show less Read more
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