P2P Lending / NFT Lending Forum

Lending Club Discussion => General Lending Club Discussion => Topic started by: Rob L on April 23, 2020, 11:00:00 PM

Title: LC to report earnings for Q1 2020 on Tuesday, May 5, 2020, after market
Post by: Rob L on April 23, 2020, 11:00:00 PM
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.
Title: LC to report earnings for Q1 2020 on Tuesday, May 5, 2020, after market
Post by: Fred93 on April 23, 2020, 11:00:00 PM
from: Rob L on April 24, 2020, 11:04:39 AM
Title: LC to report earnings for Q1 2020 on Tuesday, May 5, 2020, after market
Post by: TravelingPennies on April 23, 2020, 11:00:00 PM
FWIW a log scaled chart provides yet another perspective. Ain't pretty.


Title: LC to report earnings for Q1 2020 on Tuesday, May 5, 2020, after market
Post by: TravelingPennies on May 04, 2020, 11:00:00 PM
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

Title: LC to report earnings for Q1 2020 on Tuesday, May 5, 2020, after market
Post by: TravelingPennies on May 05, 2020, 11:00:00 PM
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.
Title: LC to report earnings for Q1 2020 on Tuesday, May 5, 2020, after market
Post by: rawraw on May 08, 2020, 11:00:00 PM
This is why origination businesses trade at lower multiples. Very volatile earnings stream
Title: LC to report earnings for Q1 2020 on Tuesday, May 5, 2020, after market
Post by: TravelingPennies on June 26, 2020, 11:00:00 PM
An update; yesterday was a particularly bad day for financial stocks.