LendingClub Corporation
LCLendingClub Corporation (LC) is a peer-to-peer online lending platform that connects borrowers with investors, providing personal loans, business loans, and auto refinancing. Founded in 2007, it revolutionized the lending industry by offering an alternative to traditional bank financing through a digital marketplace. LendingClub aims to make credit more accessible and affordable while offering investors opportunities for returns outside of traditional investment channels.
Company News
LendingClub's CFO Andrew LaBenne sold 20,000 shares worth ~$340,000 on May 28, 2026, reducing his direct ownership by 7.84%. The sale was executed under a pre-established Rule 10b5-1 trading plan as part of a routine pattern of periodic disposals, not a sign of concern. LaBenne retained over 234,000 shares, and the company reported strong Q1 perf...
LendingClub is rebranding to Happen Bank to reflect its transformation from a peer-to-peer lending platform to an institutionally-focused technology-forward bank. The company has demonstrated superior underwriting performance, with net charge-offs falling to 3.5% and strong Q1 2026 results showing 31% origination growth and 340% EPS growth. Tradi...
LendingClub has reinvented itself as a hybrid digital bank with strong 2025 results showing 27% revenue growth and net income more than doubling to $136 million. Despite solid fundamentals, loan originations growing 33%, and new leadership under Timothy Mayopoulos, the stock dropped 20% post-earnings due to market skepticism about near-term growt...
SoFi Technologies closed down 1.09% at $17.18 on March 18, 2026, as investors weighed the company's rebuttal to a Muddy Waters short report against CEO Anthony Noto's $500,000 insider stock purchase. The broader market declined with the S&P 500 falling 1.37% and Nasdaq dropping 1.46%. Other fintech lenders also struggled, with LendingClub and Ups...
SoFi Technologies rose 1.22% to $18.61 on March 3, 2026, driven by a deepened stablecoin partnership with Mastercard and CEO Anthony Noto's $1 million insider share purchase. Under the partnership, SoFi's stablecoin (SoFiUSD) will be offered as a settlement option across Mastercard's payment network. The broader market declined, with the S&P 500 ...
