P2P Forum

Lending Club Discussion => Investors - LC => Topic started by: Rob L on August 01, 2017, 11:00:00 PM

Title: LC to Announce 2nd Quarter 2017 Earnings after Market Close Monday Aug 07
Post by: Rob L on August 01, 2017, 11:00:00 PM
We'll all get another look under the hood of LC next Monday.
Current stock price is $5.07 so there doesn't seem to be anticipation of great things. Guess we'll see.
Title: LC to Announce 2nd Quarter 2017 Earnings after Market Close Monday Aug 07
Post by: TravelingPennies on August 06, 2017, 11:00:00 PM
FWIW here's the links to the earnings release and the LC presentation.
Stock has moved up about 5% (at this time) on the news.
Banks funded 44% ($944M) originations for the quarter.

http://ir.lendingclub.com/Cache/1001226606.PDF?Y=&O=PDF&D=&fid=1001226606&T=&iid=4213397

http://ir.lendingclub.com/Cache/1001226609.PDF?Y=&O=PDF&D=&fid=1001226609&T=&iid=4213397

Title: LC to Announce 2nd Quarter 2017 Earnings after Market Close Monday Aug 07
Post by: AnilG on August 06, 2017, 11:00:00 PM
Interesting number from retail lending perspective is originations $276M in Q2 vs $297 in Q1 for self-managed individuals. A decline that seems to echo what forum has been talking about liquidating their portfolios. Even managed accounts are not growing that much, little over 1%.

Time to abandon calling this segment P2P lending and Marketplace lending. A better term now for the segment might be online loan brokers. Finally segment got assimilated into doing the things old fashioned way.
Title: LC to Announce 2nd Quarter 2017 Earnings after Market Close Monday Aug 07
Post by: jrr6415sun on August 07, 2017, 11:00:00 PM
i still believe all the good loans are going to the banks first, and we're left with the scraps, which is why all individual investors are leaving.
Title: LC to Announce 2nd Quarter 2017 Earnings after Market Close Monday Aug 07
Post by: apc3161 on August 07, 2017, 11:00:00 PM
from: jrr6415sun on August 08, 2017, 05:08:15 AM
Title: LC to Announce 2nd Quarter 2017 Earnings after Market Close Monday Aug 07
Post by: MarinBB on August 07, 2017, 11:00:00 PM
There is a Whole vs. Fractional flag in the historical data files. Around 12mo ago, I checked if interest rates and default rates were different for whole loans vs. fractional loans - they weren't. Perhaps this has changed over time.
Title: LC to Announce 2nd Quarter 2017 Earnings after Market Close Monday Aug 07
Post by: bluto on August 07, 2017, 11:00:00 PM
Banks return on assets was an annualized 4% last quarter, so banks don't need to be getting the cream of the crop for Lending Club's average loan to look favorable compared with most bank assets. 
Title: LC to Announce 2nd Quarter 2017 Earnings after Market Close Monday Aug 07
Post by: rawraw on August 07, 2017, 11:00:00 PM
from: bluto on August 08, 2017, 11:24:07 AM
Title: LC to Announce 2nd Quarter 2017 Earnings after Market Close Monday Aug 07
Post by: Fred93 on August 07, 2017, 11:00:00 PM
from: jrr6415sun on August 08, 2017, 05:08:15 AM
Title: LC to Announce 2nd Quarter 2017 Earnings after Market Close Monday Aug 07
Post by: TravelingPennies on August 08, 2017, 11:00:00 PM
from: rawraw on August 08, 2017, 01:04:35 PM
Title: LC to Announce 2nd Quarter 2017 Earnings after Market Close Monday Aug 07
Post by: fliphusker on August 08, 2017, 11:00:00 PM
I still will never understand this narrative. What is a good note? What makes a bad note? Your interpretation will most likely not be the same as another's.
If they are bad, why would anyone invest in them? Because there is nothing else to invest in?
Title: LC to Announce 2nd Quarter 2017 Earnings after Market Close Monday Aug 07
Post by: Peter on August 08, 2017, 11:00:00 PM
from: Fred93 on August 08, 2017, 03:30:48 PM
Title: LC to Announce 2nd Quarter 2017 Earnings after Market Close Monday Aug 07
Post by: TravelingPennies on August 08, 2017, 11:00:00 PM
from: bluto on August 09, 2017, 01:00:27 AM