Lending Club (LC) is a peer-to-peer lending company and today’s Under 30 stock. George Tsilis, Contributor at the TD Ameritrade Network, joins Alex Coffey and Caroline Woods to discuss LC, it is up 3% today. They talk about how LC has been upgraded to buy from neutral at Janney Montgomery Scott. They also go over how Seaport Global initiated coverage on LC with a buy rating and a $35 price target. Finally, they mention that 20% of LC’s loans are held on the books which is more profitable. Tune in to find out more.
20 Jan 2022