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home / articles / LC - LendingClub Posts Q3 Results Plans To Cut Headcount As Loan Originations Hover $1.5B | Benzinga

LC - LendingClub Posts Q3 Results Plans To Cut Headcount As Loan Originations Hover $1.5B | Benzinga

LendingClub Corporation

LendingClub Corp (NYSE: LC) posted third-quarter (Q3) preliminary results and cost-saving initiatives. 

The San Francisco-based company reported preliminary Q3 revenue of $198 million-$200 million (vs. consensus of $199.42 million) and net income of $4 million-$5 million. LC projects a Q3 loan origination of about $1.5 billion.

LC also plans to reduce ...

Full story available on Benzinga.com
Stock Information
Company Name: LendingClub Corporation
Stock Symbol: LC
Market: NYSE
Website: lendingclub.com
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