Should be very interesting.
BTW: LC stock closed yesterday, Thursday 4/23/2020, at its lifetime closing low of $6.56 per share ($1.31 pre-split).
Don't kick someone while they are down (I'm not). A whole lot has been way beyond their control.
Almost everybody's down as we all know only too well.
FWIW a log scaled chart provides yet another perspective. Ain't pretty.
The quarterly earnings call slide deck has been posted at ir.lendingclub.com .
11% of loans in hardship plans. 93% of those were current when they enrolled.
Loan volumes Q2 expected to be down approximately 90% relative to Q1, reflecting current economic environment
The stock market response to earnings announcement as of 1pm; new lifetime low:
Edit: Replaced chart with smaller size. Now through end of week after earnings announcement.
This is why origination businesses trade at lower multiples. Very volatile earnings stream
An update; yesterday was a particularly bad day for financial stocks.