LendingClub Corp (LC) Stock AnalysisLCStock AnalysisLendingClub Corp

LendingClub Corporation is a bank holding company. The Company operates its business through its subsidiary, LendingClub Bank, National Association (LC Bank). LC Bank is the digital marketplace bank that leverages data and technology to increase access to credit, reduce borrowing costs, and improve returns on savings for its members. Its primary loan products include personal loans, major purchase finance, and auto refinance. LC Bank’s commercial lending business is primarily focused on small businesses, and it participates in the United States small business administration lending programs. Its deposit business includes sourcing deposits directly from customers and from third-party marketing channels and deposit brokers. It offers a range of insured deposit products, including high-yield savings accounts, checking accounts, and certificates of deposit (CDs). Its consumer loans are either retained by LC Bank or sold to marketplace investors through its proprietary loan marketplace. It operates in the Financials sector (PERSONAL CREDIT INSTITUTIONS industry).

LendingClub Corp (LC) is a good buy for a beginner investor with a long-term strategy and $50,000-$100,000 available for investment. The stock shows positive technical indicators, strong hedge fund interest, and an upward revision in analyst price targets. Despite the lack of recent news or congress trading data, the overall sentiment and data suggest a favorable entry point.

17 analysts cover LC: 8 rate it Buy, 8 Hold and 1 Sell. The average price target is 23.00.