LC - LendingClub: Higher Earnings Quality May Signal Multiple Expansion
2024-05-02 11:54:57 ET
Summary
- Lending Club (LC) has had lackluster share performance, but recently rebounded before declining again.
- LC's business has faced challenges due to rising interest rates, but profitability has improved.
- LC's shift towards structured certificates may drive profitability and earnings quality, leading to multiple expansion into FY 2024.
Lending Club ( LC ) is a leading fintech company based in the US. It uses a P2P (Peer-to-Peer) lending business model, and is the first company to register its offerings to the SEC using such a model. Later on, LC has also expanded into banking services....
LendingClub: Higher Earnings Quality May Signal Multiple Expansion