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Stock impact report

Why Lenders Like SoFi And Affirm Are Taking The Biggest Hits Among Fintech Stocks [Forbes]

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: Forbes
S ome of the largest financial technology companies that lend money to consumers, including and , have seen their stocks fall more than 20% since last Wednesday, when announced tariffs affecting about 90 countries. The drop is significantly worse than what other categories of fintech companies have seen and about twice as bad as the S&P 500's slump over the same period. Privately held fintech lenders we spoke with said they haven't yet started to reduce how much money they're doling out to customers, but they may start soon and have already begun to make other adjustments given the rising risk that tariffs will push the U.S. into a recession. “People think that if the consumer is at risk of being seriously hurt by tariffs, then the lenders are going to be the first ones to fall. That's the knee-jerk reaction of the market,” says Dan Dolev, a managing director and fintech analyst at investment bank Mizuho. Last Friday, JPMorgan raised its estimate of the likelihood of a recessio Show less Read more
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