Shares of LendingClub (LC) shot up 21% today. The market, it seems, is a fickle lover, but numbers don’t lie. The fintech firm reported earnings that made Wall Street’s expectations look like a child’s allowance.
An inflection point
After a first-quarter stumble—marketing costs bloated, tariffs snarled the supply chain—LendingClub found its rhythm. They made $0.33 per share on $248.5 million. A tidy sum. The world keeps spinning. So it goes.
Year-over-year, earnings per share jumped 154%. Revenue? Up 33%. Lower loan losses helped. Expected losses were “better than feared,” which is the kind of stability dividend hunters crave. Predictability is a rare gem in this chaotic market.
Origination volume hit $2.4 billion. Management raised guidance for Q3, now predicting $2.55 billion in originations. They even mentioned a 10%–11.5% return on tangible common equity. Numbers like that make spreadsheets blush.
The CEO called it an inflection point. Inflection points are like bus stops in life. You hope the right bus arrives. Sometimes it’s just a bicycle.
The stock can keep moving higher
At 138% of tangible book value, the stock isn’t a bargain. But it’s not a funeral either. Management’s ROTCE projections are optimistic. If capital levels were leaner, those numbers might dance higher. But who can predict the future? So it goes.
For the dividend hunter, this is a balancing act. Growth and yield rarely hold hands. Yet here LendingClub stands: a fintech with momentum, decent credit quality, and a management team that hasn’t entirely lost its mind. The stock is a buy. Or as Vonnegut might say, “The universe is a beach. Some of us collect seashells. Others build sandcastles.”
Today, the market chose to build. 💼
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2025-07-30 19:12