Wednesday, August 10, 2016

LendingClub: Platform Investors Reengage

LendingClub reported mixed Q2 results.
The online lending platform made progress in reengaging investors that left after the founding CEO was forced out.
The stock remains appealing below $5 as the platform rebuilds.
For LendingClub (NYSE:LC), the best hope on for Q2 results were some sort of stability that the company could build on going forward. The departure of the founding-CEO left the online lending marketplace on shaky ground.
Read the full article at Seeking Alpha. 

Disclosure: Long LC. Please review the disclaimer page for more details. 


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