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"Tatiana, you're also looking at LC Lending Club. Lending Club. So the peerto-peer lender posted earnings that beat expectations and its guidance for origination was ahead of estimates. Those shares are up 15%. ticker is LC and the solid results earned the company an upgrade from JP Morgan to overweight. So the stock now has nine buys and two lonely holds and no sells. Uh and you know importantly their originations rose 37% yeartoyear. So investors like that but it almost makes you wonder you know what stands behind this sort of rush into into loans and borrowing. But at the same time importantly they provided more disclosure on their provision for credit losses which fell year-over-year and we're below estimate."
The discussion centers on Lending Club’s strong earnings beat and upward guidance on loan originations, which helped propel the shares up by 15%. An upgrade from JP Morgan to overweight along with favorable credit loss disclosures signals strong investor interest and a positive outlook for the stock.
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