Lending Club’s stock increased $0.76 for a 15% gain on Monday after reporting third quarter earnings that beat analysts’ expectations; company also announced a new partnership with Credigy who will be investing up to $1.3 billion in Lending Club’s loans; Lend Academy provides details on the company’s earnings report in their article; highlights from the earnings report include revenue of $112.61 million, up from $102.4 million in the second quarter; earnings per share of -$0.04, up from -$0.09 in the second quarter; loan originations also increased with total third quarter volume of $1.97 billion, up from $1.96 billion in the second quarter however still significantly down from their high of $2.75 billion in the first quarter of 2016. Source
Lend Academy Article: Lending Club Releases Q3 2016 Earnings, Announces New Funding Partner
