Author Topic: LC to report earnings for Q1 2020 on Tuesday, May 5, 2020, after market  (Read 1066 times)

Rob L

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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.

Fred93

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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.

Bah.  Nothing unique about this one particular time period on this chart!

Rob L

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



Fred93

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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

« Last Edit: May 05, 2020, 05:42:26 PM by Fred93 »

Rob L

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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.
« Last Edit: May 10, 2020, 10:36:48 AM by Rob L »

rawraw

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

Rob L

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