LendingClub Corporation (LC) rose 11.62% to $18.44, gaining $1.92, after reporting stronger-than-expected third-quarter 2025 results and raising its full-year outlook.
The company posted net income of $65.2 million, or $0.58 per share, on revenue of $298 million, driven by continued strength in personal loan originations and deposit growth at LendingClub Bank.
Management raised full-year 2025 revenue guidance to $1.14 - $1.16 billion and projected net income of $230 - $250 million, citing improving credit trends and cost discipline. CEO Scott Sanborn said the results demonstrate "the scalability and resilience of our digital banking model" as the company continues to expand its member base and loan portfolio.
On Thursday, LC opened at $17.00, reached a high of $18.60, and a low of $16.95, compared to a previous close of $16.53 on the NYSE. Trading volume surged well above average levels. The stock's 52-week range is $8.90 - $19.15.
For comments and feedback contact: editorial@rttnews.com
Business News
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.