Lending Club Stock Price Hits Record Low

| By:

Lending Club’s stock dropped to its lowest level on Monday, closing at $3.27, according to the online lending tracker. That puts the company down 78% from its IPO price of $15 and down 87% from its all-time high.

Since going public, the company has been mired in litigation, losses, and scandal. The company has also put funding from peers aside in favor of funding from Wall Street banks.

Worse yet though for the company is that competitors like Goldman Sachs have been able to undercut Lending Club’s rates (Goldman Sachs’ Marcus charges no late fees or origination fees), while simultaneously tapping into a cheaper cost of capital (deposits).

Last modified: February 27, 2018

Category: Online Lending, Stocks

Home Online Lending, Stocks › Lending Club Stock Price Hits Record Low

    The Smarter Merchant

    In Advance

    Forward Financing


    Meridian Leads

    Global Funding Experts

    Unique Funding Solutions

    Amerifi Capital

    Big Think Capital

    Balboa Capital

    CFG Merchant Solutions

    Symplifi Capital

    Titan Asset Management



    AMA Recovery

    SOS Capital


    Fenix Capital Funding

    Select Funding


    Flash Advance

    Splash Advance


    Fresh Funding

    Green Note Capital

    Merchant Financing Leads