Author Bio
Eric has been writing about stocks and finance since the mid-1990s, when he lived in Prague, Czech Republic. Over the course of a varied career, he has also been a radio newscaster, an investment banker, and a bass player in a selection of rock and roll bands. A native New Yorker, he currently lives in Los Angeles.
What happened
On Thursday
LendingClub (NYSE:LC) stock entered the stratosphere with an almost 48% gain. The fuse that lit the rocket was the company s publication of a fresh set of quarterly results.
So what
LendingClub, which has been pivoting from its peer-to-peer borrowing roots into a more traditional financing provider, absolutely thrashed analyst estimates in its second quarter.
LendingClub, fueled by surge in loans, posts surprise profit
americanbanker.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from americanbanker.com Daily Mail and Mail on Sunday newspapers.
LendingClub Reports Second Quarter 2021 Results
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