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 resultsafter taking a hit leading into earnings. Despite record revenues, the market was highly displeased with projections even considering a highly attractive valuation.
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