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Shell Asset Management Co. Acquires 142,047 Shares of LendingClub Co. (NYSE:LC)

Shell Asset Management Co. raised its position in shares of LendingClub Co. (NYSE:LC – Free Report) by 53.1% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 409,546 shares of the credit services provider’s stock after acquiring an additional 142,047 shares during the […] ....

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LendingClub to Cut Workforce by 14%, 3Q Revenue Set to Plunge

By Sabela Ojea LendingClub said it is reducing its workforce by 14% amid views for a major drop in revenue in the upcoming quarter, citing challenging. ....

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Consumer Borrowing Is Expected to Rise. It's a Risk to the Economy.

Analysts surveyed by FactSet had expected outstanding consumer credit to rise by $11.3 billion. Instead, it fell by $15.6 billion. ....

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LendingClub Co. (NYSE:LC) Short Interest Up 16.1% in September

LendingClub Co. (NYSE:LC – Get Free Report) saw a significant increase in short interest in the month of September. As of September 15th, there was short interest totalling 2,950,000 shares, an increase of 16.1% from the August 31st total of 2,540,000 shares. Based on an average daily volume of 1,730,000 shares, the days-to-cover ratio is […] ....

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LendingClub Co. Expected to Post FY2023 Earnings of $0.25 Per Share (NYSE:LC)

LendingClub Co. (NYSE:LC – Free Report) – Analysts at Wedbush dropped their FY2023 earnings per share (EPS) estimates for shares of LendingClub in a research note issued to investors on Wednesday, September 27th. Wedbush analyst D. Chiaverini now expects that the credit services provider will post earnings per share of $0.25 for the year, down […] ....

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