$LC
LendingClub Corp
PRICE
$8.61 βΌ-1.824%
Extented Hours
VOLUME
943,799
DAY RANGE
8.6 - 8.9
52 WEEK
6.31 - 16.41
Join Discuss about LC with like-minded investors
@dros #droscrew
$PACW Sep 4 P $SOFI May 5 P $SOFI Jan 4 P $PSEC Nov 6 P $ALLY May12 24.5 P $KEY May 9 P $LC Jan 5 P $BABA Sep 75 P $ARCC May 17 P $WBD Oct 10 P $DB Jun 9 P $OZK Jun 30 P $KRE May 40 P $SYF Jun 26 P $HBAN Jun 9 P $DBX May 20 P $DAL Jun 27 P $DIS Jun 80 P $JPM Jun 100 P $WFC Jan 30 P $XLF Sep 30 P
46 Replies 11 π 7 π₯
@dros #droscrew
$PACW Sep 4 P $SOFI May 5 P $SOFI Jan 4 P $PSEC Nov 6 P $ALLY May12 24.5 P $KEY May 9 P $LC Jan 5 P $BABA Sep 75 P $ARCC May 17 P $WBD Oct 10 P $DB Jun 9 P $OZK Jun 30 P $KRE May 40 P $SYF Jun 26 P $HBAN Jun 9 P $DBX May 20 P $DAL Jun 27 P $DIS Jun 80 P $JPM Jun 100 P $WFC Jan 30 P $XLF Sep 30 P
75 Replies 15 π 12 π₯
@dros #droscrew
Upgrades 4/11: $AKAM $AZN $BTE $CS $FHI $FOUR $IONR $KZIA $MHK $MTG $MUR $NVEI $NYCB $RDN $RRC $SHEL $SNN $TTE $USX $VIRT $WELL $WHR $WST $WW $ZBH .. Downgrades 4/11: $AR $EQT $LEG $MANH $NDAQ $SNOW $SWN $UBS +Initiations 4/11: $ARRY $BFI $BMBL $CCAP $CHWY $FNA $GDDY $HRZN $LC $MTCH $NETI $RCM $SHOP $SMTC .. -Initiations 4/11: $UPST
145 Replies 14 π 14 π₯
@trademaster #TradeHouses
By Marc Jones
LONDON (Reuters) - European markets trimmed gains after the European Central Bank unveiled fresh measures on Wednesday to temper a market rout that has fanned fears of a new debt crisis before what is expected to be one of the sharpest U.S. rate hikes since 1994.
Hopes of a quiet run in to what is forecast to be a three-quarter-point hike by the Federal Reserve later on Wednesday were quickly dashed as the ECB's unexpected meeting - less than week after its last scheduled one - prompted a rush of activity.
The ECB said it would be flexible in reinvesting cash maturing from its recently-ended 1.7 trillion euro ($1.8 trillion) pandemic support scheme and would consider a fresh instrument to be devised by staff, disappointing some investors who were looking for bolder steps.
The euro which was up as much as 0.3% before the statement, trimmed gains and was marginally weaker on the day at $1.0407
Italy's 10-year bond yield, which stands to benefit the most from the ECB's plans, was last down 25 basis points on the day at 3.97%, above its session low of around 3.87%. Spanish and Portuguese 10-year yields also came off their day's lows but were still sharply down on the day..
"I think essentially it is the bare minimum of what could be expected, but I also believe it's the most realistic outcome of what they could compromise (on) today," said Piet Christiansen, chief analyst at Danske Bank in Copenhagen.
)
" onerror="this.style.display='none'" class="msg-img" />
INFLATION FEARS
The worries about rising borrowing costs and global inflation have been hammering financial markets all year.
World stocks are down over 20%, bond markets have been routed and fears that drastic Fed action could tip the world into recession means the U.S. central bank's moves later will be crucial for traders.
Treasury yields had hit decade highs overnight and the dollar a 20-year peak as futures implied it was near-certain the Fed would hike by 75 basis points to a range of 1.50-1.75%.
That would be the biggest increase since 1994, and markets already have rates reaching an eye-watering 3.75-4.0% by the end of the year.
"Against a backdrop of sky-high inflation, rising rates, and growing recession concerns, the S&P 500 has had its worst start to the year since 1962," analysts at Goldman Sachs (NYSE:GS) said.
"A likely coming peak in inflation is probably not sufficient to see the bottom..."
They recommended that investors reduce portfolio duration and increase exposure to real assets.
With so much priced in, a few brave investors, also buoyed by the ECB, were looking for bargains and S&P 500 futures were up 0.7%, while Nasdaq futures rose 0.75% and Dow futures added 0.4%.
MSCI's broadest index of Asia-Pacific shares outside Japan was closing almost flat, but is down sharply on the week.
Japan's Nikkei lost 1.1%, though sentiment was helped by a survey showing an improvement in confidence among Japanese manufacturers.
Chinese shares bucked the trend with a gain of 1.3%. Data on Chinese retail sales and industrial output for May were a little better than forecast, but still showed the drag from coronavirus lockdowns.
Authorities in Beijing said on Tuesday the city was in a "race against time" to get to grips with its most serious outbreak since the pandemic began.
)
" onerror="this.style.display='none'" class="msg-img" />
WHATEVER IT TAKES 2.0?
The ECB's move allowed bond markets everywhere to rally after their recent hammering, with German Bund yields swooping down to 1.67% and 10-year Treasury yields dropping to 3.37% from Tuesday's peak of 3.498%.
Two-year yields stood at 3.30%, after touching the highest since 2007 at 3.456% overnight. Given many U.S. borrowing rates are linked to yields, financial conditions have already tightened markedly there even before the Fed hikes.
ECB chief Christine Lagarde is due to speak in London at 1600 GMT. It is almost a decade since her predecessor Mario Draghi did the same at the height of the euro zone debt crisis.
"I think Lagarde will try to do 'whatever it takes' 2.0 tonight" Lorenzo Codogno founder of LC Macro Advisers, said describing the current situation as a perfect storm. "But the markets won't be happy if she comes empty-handed."
U.S. Treasury yields are the benchmark for bonds worldwide, so financial conditions are tightening pretty much everywhere. That is a major headwind for consumer spending power, while pressuring emerging market countries that borrow in dollars.
It has also tended to boost the U.S. dollar, which had hit a 20-year high against a basket of currencies before the ECB's news, led by big gains on the low-yielding Japanese yen.
The dollar flop in Europe left it trading at 134.5 yen, having reached heights last visited in 1998 at 135.60.
Those gains had come as the Bank of Japan ramped up its bond buying to keep yields near zero, even as much of the rest of the world tightens policy.
Still, the sheer pressure on the yen and bonds has stoked speculation the BOJ could be forced to amend its yield control policy at a meeting on Friday.
Surging yields, inflation and a sky-high dollar have been a burden for gold, which was near its lowest in a month at $1,826 an ounce. [GOL/]
Oil prices stumbled after the Organization of the Petroleum Exporting Countries (OPEC) stuck to its forecast that world oil demand will exceed pre-pandemic levels in 2022. [O/R]
Brent was almost a dollar softer at $120.60, while U.S. crude dipped $1.23 cents to $117.70 per barrel.
138 Replies 6 π 7 π₯
@ivtrades-Chris #ivtrades
@everyone Our $LC & $NIO positions under some pressure today but should be fine based on current price action. Of course, this could change but we have our stops in place so no worries. @everyone In terms of the general market, this looks like garden variety pull back so far in indices ...daily time frame still intact...there are some rumors floating around about efforts to raise US debt ceiling again could trigger first Debt downgrade ... @everyone whether that is true or not is above my pay grade...for now all i can see is the price action on the daily time frame which looks ok... the breadth is also in tact ... Things can change quickly as you know , but ok so far @everyone I am not adding any new positions today, so I will see you tomorrow :y:
88 Replies 9 π 9 π₯
@ivtrades-Chris #ivtrades
looks we got some consolidation most of the session... exited $KWEB & $FAST earlier. I didn't like the fills on these as they ate into whatever gains i had ....also picked up some $NIO calls a few minutes ago to add to the $LC position that is currently on the books...will see how things play out. See you tomorrow :y:
136 Replies 12 π 10 π₯
Key Metrics
Market Cap
0.95 B
Beta
1.88
Avg. Volume
1.65 M
Shares Outstanding
107.47 M
Yield
0%
Public Float
0
Next Earnings Date
2023-07-26
Next Dividend Date
Company Information
lending club is the worldβs largest online credit marketplace, facilitating personal loans, business loans, and financing for elective medical procedures and k-12 education and tutoring. borrowers access lower interest rate loans through a fast and easy online or mobile interface. investors provide the capital to enable many of the loans in exchange for earning interest. we operate fully online with no branch infrastructure, and use technology to lower cost and deliver an amazing experience. we pass the cost savings to borrowers in the form of lower rates and investors in the form of attractive returns. weβre transforming the banking system into a frictionless, transparent and highly efficient online marketplace, helping people achieve their financial goals every day. since launching in 2007 weβve built a trusted brand with a track record of delivering exceptional value and satisfaction to both borrowers and investors. lending clubβs awards include being named to the inc. 500 in 2014
CEO: Scott Sanborn
Website: lendingclub.com
HQ: 595 Market St Ste 200 San Francisco, 94105 California
Related News