Though LendingClub is still reporting losses this quarter and missed its revenue estimates, the market mostly liked what it saw out of the financial services startup when it reported its Q2 earnings. LendingClub attributes it improved earnings position to improved customer acquisition processes, better origination...
Stronger-than-expected loan originations combined with increased transaction fees to push LendingClub’s quarterly earnings report past analyst expectations when the results went live shortly after the market closed yesterday (May 7). The marketplace lending platform reported adjusted net loss of $11.25 million, or 3 cents a...
Capital One Financial posted results that were higher than Street estimates as its core card business grew, as did commercial lending activity. The headline numbers showed that adjusted earnings per share of $2.90 were better than consensus by 17 cents. Adjusted revenues were $7.08 billion,...
OnDeck Capital reported second quarter results on Monday (Aug. 8) that fared a bit better than analysts’ expectations, with key tailwinds including stronger originations, with higher loan loss provisions building up as the business model shifts. The headline numbers showed that revenues of $69.5 million, which...
July 08, 2020
Rocket Companies, one of the nation’s largest mortgage lenders and parent of Quicken Loans, filed its initial public offering (IPO) late Tuesday (July 7). In its application with the U.S. Securities and Exchange Commission, the Detroit-based parent of Quicken Loans and Rocket Mortgage will go public under the name Rocket Companies. But founder and chairman […]
August 07, 2019
Though LendingClub is still reporting losses this quarter and missed its revenue estimates, the market mostly liked what it saw out of the financial services startup when it reported its...
May 08, 2019
Stronger-than-expected loan originations combined with increased transaction fees to push LendingClub’s quarterly earnings report past analyst expectations when the results went live shortly after the market closed yesterday (May 7)....
April 26, 2019
Capital One Financial posted results that were higher than Street estimates as its core card business grew, as did commercial lending activity. The headline numbers showed that adjusted earnings per...
