Clicky

  • Welcome to P2P Lending / NFT Lending Forum.
 

ETH.LOAN

News:

This was the original Lend Academy peer-to-peer lending forum, since forensically restored by deBanked and now reintroduced to eth.loan.

To restore access to your user account, email [email protected]. We apologize for errors you may experience during the recovery.

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

LC 2016 3rd Quarter Earnings (TBA Before Market Opening this Monday Nov 7)

Started by Peter, November 04, 2016, 11:00:00 PM

Previous topic - Next topic

Rob L

Just figured I'd start a thread on what will be the big news Monday morning.
Frankly I don't know what to expect. Hopefully steady progress. May any surprises be good ones!

The conference call is at 8am ET:
http://ir.lendingclub.com/calendar.aspx?iid=4213397" class="bbc_link" target="_blank">http://ir.lendingclub.com/calendar.aspx?iid=4213397

TravelingPennies

Well, no big surprises. They did pretty much just what they forecast.
Only one question from the audience??

Fred93

Booorrringgg.  No significant announcements.  The numbers were ok.  They show $800M in cash+marketable securities on balance sheet.  The drop from $832M last quarter is completely explained by the losses this quarter, as expected.   

(Note: When I use M, I mean Million.  I know some financial weenies use M to mean thousand and MM to mean Million, but they are weenies.  M is Million.  I also reject Roman numerals.)

Originations just a hair over last quarter.  Looks like things going right direction, but slowly.

As investors in their product, we want boring from our bankers, so that's fine.  Stock investors are probably not thrilled.

Scott did say they're targeting 6% platform average loan/note returns going forward.  (I'm paraphrasing from memory.)  I don't think recent vintages will achieve that, so perhaps he expects 2015 vintages to be swamped out by better performance of 2016 & 2017 vintages.  Love to see him target a higher average return for us, but he's got market forces on both sides.  His coverage of this issue was I think one whole sentence, so not a big emphasis.


jheizer


rawraw

I'm increasingly realizing I want to be on the other side of several of these hedge fund shorts. Fascinating how far expectations can move

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