LendingClub: Some Perspective
LendingClub plunged following disappointing Q4 guidance. Most of the impacts are short-term adjustments to the credit model or temporary market conditions. The fintech guided to record revenues for Q4 and expects further growth in 2018. LendingClub ( LC ) plunged 16% in the first day of trading following Q3 results after taking a hit leading into earnings. Despite record revenues, the market was highly displeased with projections even considering a highly attractive valuation. Read the full article on Seeking Alpha. Disclosure: Long LC. Please review the disclaimer page for more details.