LendingClub's Stock Rises on Strong Q1 Earnings and Loan Growth

LendingClub's stock rose 14% after hours following Q1 earnings that exceeded expectations, driven by a 31% year-over-year increase in loan originations and a favorable accounting change. The company also provided positive guidance for Q2.

By Liz Kiesche, SA News Editor · Seeking Alpha ·

LendingClub's Stock Rises on Strong Q1 Earnings and Loan Growth

Tickers: $LC

Topics: Credit Loss Provision Earnings Loan Originations Stock Price Movement

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