Lend Academy Network Forum

Lending Club Discussion => Investors - LC => Topic started by: VirginiaBob on December 15, 2014, 07:54:48 PM

Title: LC = Lending Club or "Liberty Corporation" on google finance?
Post by: VirginiaBob on December 15, 2014, 07:54:48 PM

it appears they got Liberty Corporation listed in google finance.  Maybe an old company that used the LC ticker previously?

Title: Re: LC = Lending Club or "Liberty Corporation" on google finance?
Post by: Fred93 on December 15, 2014, 08:00:38 PM

Yea, that surprised me too. 

Google and Yahoo both routinely have this problem when an IPO occurs.  They buy a database from some other company, and it isn't immediately updated.

Title: Re: LC = Lending Club or "Liberty Corporation" on google finance?
Post by: Fred on December 15, 2014, 09:49:51 PM

Google might be mistaken here.

NYSE listing specifies LendingClub for LC: https://www.nyse.com/quote/XNYS:LC

Also, if you search for "LC" here:  https://www.nyse.com/listings_directory/stock

Title: Re: LC = Lending Club or "Liberty Corporation" on google finance?
Post by: mo on December 15, 2014, 11:14:07 PM

Quote from: VirginiaBob on December 15, 2014, 07:54:48 PM

it appears they got Liberty Corporation listed in google finance.  Maybe an old company that used the LC ticker previously?

Google finance correctly listed Lending Club when you searched for NYSE:LC right after the IPO happened.  Seems like the price data is correct but the name is wrong now.

Title: Re: LC = Lending Club or "Liberty Corporation" on google finance?
Post by: Fred on December 16, 2014, 03:30:13 PM

Looks like Google fixed it.

Title: Re: LC = Lending Club or "Liberty Corporation" on google finance?
Post by: yojoakak on December 16, 2014, 04:37:34 PM

Who comes up with the list of Related Companies at the bottom? I've never heard of any of them.

And what does NEC stand for?

"Sector: Financials > Industry: Consumer Lending - NEC"

Title: Re: LC = Lending Club or "Liberty Corporation" on google finance?
Post by: Fred93 on December 16, 2014, 05:22:42 PM

Quote from: yojoakak on December 16, 2014, 04:37:34 PM

Who comes up with the list of Related Companies at the bottom? I've never heard of any of them.

I think there's a footnote somewhere saying who they buy various data from.

Quote

And what does NEC stand for?
"Sector: Financials > Industry: Consumer Lending - NEC"

Government-speak meaning "other".

You see this on the federal reserve statistics web site, where the fed explains that this means "Not Elsewhere Classified".  I think it means doesn't fit into one of their standard categories like mortgages, car loans, credit card loans etc.  LC makes ordinary consumer loans, so I don't think they fit the fed use of NEC, but if somebody is categorizing companies I could imagine they might put LC there.  Just imagine, there's some guy whose job it is to figure out what damn category new companies go in.

Title: Re: LC = Lending Club or "Liberty Corporation" on google finance?
Post by: yojoakak on December 16, 2014, 07:55:39 PM

Quote from: Fred93 on December 16, 2014, 05:22:42 PM

"Not Elsewhere Classified"

There's a more complete list at https://www.google.com/finance?catid=us-TRBC%3A5510103010&sort=MARKET_CAP&ei=yqaQVLGHItSt8gb75YGYBA

American Express, Discover, and Ally are also on the list. Who knew!

Title: Re: LC = Lending Club or "Liberty Corporation" on google finance?
Post by: DanB on December 17, 2014, 03:48:35 PM

I'm quite lost. Why is any of this remotely interesting??