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%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

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.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 729. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

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.
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »

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.
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »