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Benzinga

Business

Renato Capelj

DARK SECRETS: Lendingclub shares fall despite q4 earnings beat transformed business model - The Real Truth

LendingClub LC NYSE

LendingClub Corporation (NYSE:LC) announced Thursday its financial results for the fourth quarter. The results show a return to growth, as well as transformed business economics through a recent bank acquisition, and increased efficiency in operations.

What Happened: Revenue stood at $818.6 million, up 157% from 2020, with marketplace revenue 136% higher and the new recurring stream of net interest income 259% higher year-over-year.

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One subscription that gives you access to news from hundreds of sites

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