Here's Why LendingClub Stock Soared Today
Shares of LendingClub (NYSE: LC) surged 33% higher on Thursday after the financial services company delivered strong third-quarter results. LendingClub's revenue climbed 20% to $246.2 million, fueled by a 14% jump in loan originations, to $3.1 billion. "Our success continues to be driven by our competitive advantages, including our growing base of 3.8 million members, our exceptional data science capabilities, and our proven marketplace model," CEO Scott Sanborn said in a press release.
