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NEW LOANS:   | 804.eth 2.500 Ξ | remoraid.eth 0.299 Ξ | remoraid.eth 0.299 Ξ | ALL

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

Started by Peter, April 23, 2020, 11:00:00 PM

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Rob L

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.


TravelingPennies

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

https://i.imgur.com/yevQy1v.png" alt="" class="bbc_img" />

TravelingPennies

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


TravelingPennies

The stock market response to earnings announcement as of 1pm; new lifetime low:

https://i.imgur.com/okBfZkw.png" alt="" class="bbc_img" />

Edit: Replaced chart with smaller size. Now through end of week after earnings announcement.

rawraw

This is why origination businesses trade at lower multiples. Very volatile earnings stream

TravelingPennies

An update; yesterday was a particularly bad day for financial stocks.

https://i.imgur.com/4c1Xptw.png" alt="" class="bbc_img" />

NEW LOANS:   | 804.eth 2.500 Ξ | remoraid.eth 0.299 Ξ | remoraid.eth 0.299 Ξ | ALL