News Formal

LendingClub's Q1 platform update illustrates a difficult period for P2P lenders - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 9 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 51%

Portugal Notícia Notícia

Portugal Últimas Notícias,Portugal Manchetes

Despite a challenging quarter, LendingClub is well positioned to ride out the turbulence due to its fast response to the economic crisis

Crowdfund Insider. Three key financial highlights demonstrate the difficult Q1: Loan originations declined 8% in comparison to Q1 2019, net revenue sank 31% during the same period, and net loss was reported at $48.1 million compared to $19.9 million in Q1 2019. What's more, LendingClub has

its revenue growth forecasts for 2020 amid the economic slowdown caused by the coronavirus, after achieving profitability in 2019. lending at the start of April.

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 729. in PT

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Stocks to buy, best trades for end of Q1 earnings season: Goldman Sachs - Business InsiderGOLDMAN SACHS: Traders are reaping unusually large profits from earnings-related stock trades. Here are 15 picks for the remainder of the season.
Fonte: BusinessInsider - 🏆 729. / 51 Consulte Mais informação »

Stocks to buy, best trades for end of Q1 earnings season: Goldman Sachs - Business InsiderGOLDMAN SACHS: Traders are reaping unusually large profits from earnings-related stock trades. Here are 15 picks for the remainder of the season.
Fonte: BusinessInsider - 🏆 729. / 51 Consulte Mais informação »