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Author Topic: LC to report earnings for Q1 2020 on Tuesday, May 5, 2020, after market

R
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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.
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T
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FWIW a log scaled chart provides yet another perspective. Ain't pretty.


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T
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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

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T
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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.
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r
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This is why origination businesses trade at lower multiples. Very volatile earnings stream
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T
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An update; yesterday was a particularly bad day for financial stocks.


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