LendingClub (NYSE:LC) Issues Q2 2026 Earnings Guidance
by Scott Moore · The Cerbat GemLendingClub (NYSE:LC – Get Free Report) issued an update on its second quarter 2026 earnings guidance on Monday morning. The company provided earnings per share guidance of 0.400-0.450 for the period, compared to the consensus earnings per share estimate of 0.410. The company issued revenue guidance of -. LendingClub also updated its FY 2026 guidance to 1.650-1.800 EPS.
Analyst Ratings Changes
Several analysts have recently weighed in on LC shares. BTIG Research reiterated a “buy” rating and set a $26.00 target price on shares of LendingClub in a research report on Thursday, January 29th. Zacks Research lowered shares of LendingClub from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 30th. Piper Sandler restated an “overweight” rating and set a $23.00 price target on shares of LendingClub in a research note on Thursday, January 29th. Weiss Ratings reiterated a “hold (c)” rating on shares of LendingClub in a research note on Monday, December 29th. Finally, Wall Street Zen cut LendingClub from a “buy” rating to a “hold” rating in a report on Sunday, February 15th. Six equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, LendingClub currently has a consensus rating of “Moderate Buy” and a consensus price target of $22.00.
View Our Latest Stock Analysis on LendingClub
LendingClub Stock Down 1.7%
NYSE:LC traded down $0.30 during mid-day trading on Monday, reaching $17.17. 6,529,509 shares of the company were exchanged, compared to its average volume of 2,138,207. LendingClub has a 12 month low of $9.00 and a 12 month high of $21.67. The stock has a market cap of $1.98 billion, a PE ratio of 14.93 and a beta of 1.95. The company has a fifty day moving average of $15.21 and a 200 day moving average of $17.18.
LendingClub (NYSE:LC – Get Free Report) last released its earnings results on Monday, April 27th. The credit services provider reported $0.44 EPS for the quarter, beating the consensus estimate of $0.38 by $0.06. LendingClub had a return on equity of 9.47% and a net margin of 13.58%.LendingClub has set its FY 2026 guidance at 1.650-1.800 EPS and its Q2 2026 guidance at 0.400-0.450 EPS. On average, equities research analysts anticipate that LendingClub will post 1.72 EPS for the current fiscal year.
Insider Buying and Selling at LendingClub
In other LendingClub news, Director Erin Selleck sold 2,390 shares of the company’s stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $15.46, for a total value of $36,949.40. Following the completion of the sale, the director owned 78,767 shares of the company’s stock, valued at approximately $1,217,737.82. This represents a 2.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 3.31% of the stock is owned by corporate insiders.
Key Headlines Impacting LendingClub
Here are the key news stories impacting LendingClub this week:
- Positive Sentiment: Q1 results beat estimates — LendingClub reported $0.44 EPS vs. $0.38 consensus, delivered record pre-tax income ($67.3M), 14.5% ROTCE, and a 31% YoY increase in originations, signaling strong core growth and profitability. LendingClub Reports First Quarter 2026 Results
- Positive Sentiment: New distribution channel — LendingClub began underwriting and originating home-improvement loans through an inaugural partnership with Wisetack (embedded with ~40,000 contractors), which expands point-of-sale penetration and diversifies origination channels. LendingClub Launches Home Improvement Financing
- Neutral Sentiment: Guidance mixed but broadly in line — LC set Q2 2026 EPS guidance of $0.40–$0.45 (consensus ~$0.41) and FY 2026 EPS of $1.65–$1.80 (consensus ~$1.71). Ranges overlap street estimates — implying modest upside at the midpoints but some execution uncertainty.
- Neutral Sentiment: Rebrand announced — Management said it will rebrand to “Happen Bank” in summer 2026; this is a strategic move to reshape the franchise but carries execution and short-term marketing/cost considerations. LendingClub Reports First Quarter 2026 Results
- Neutral Sentiment: Analyst/preview coverage — Pre-earnings previews discussed expectations for the print; these background pieces framed the beat but may have limited surprise magnitude. LendingClub (LC) Q1 earnings: What to expect
Institutional Investors Weigh In On LendingClub
Several institutional investors have recently added to or reduced their stakes in LC. Wellington Management Group LLP boosted its position in shares of LendingClub by 18.8% during the third quarter. Wellington Management Group LLP now owns 7,960,550 shares of the credit services provider’s stock worth $120,921,000 after buying an additional 1,261,861 shares during the period. Fuller & Thaler Asset Management Inc. acquired a new position in LendingClub during the 4th quarter worth approximately $63,580,000. Balyasny Asset Management L.P. grew its stake in shares of LendingClub by 12.9% during the 3rd quarter. Balyasny Asset Management L.P. now owns 1,984,349 shares of the credit services provider’s stock worth $30,142,000 after acquiring an additional 226,325 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of LendingClub by 6.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,287,350 shares of the credit services provider’s stock valued at $24,382,000 after purchasing an additional 78,068 shares during the last quarter. Finally, Bank of America Corp DE lifted its position in shares of LendingClub by 32.1% in the second quarter. Bank of America Corp DE now owns 961,530 shares of the credit services provider’s stock worth $11,567,000 after purchasing an additional 233,665 shares in the last quarter. 74.08% of the stock is owned by institutional investors.
About LendingClub
LendingClub Corporation operates an online lending marketplace that connects borrowers seeking personal and small business credit with individual and institutional investors. The platform leverages technology to streamline the loan application and underwriting process, offering unsecured personal loans, auto refinancing, and small business loans. In addition to lending products, LendingClub provides high-yield savings accounts and certificates of deposit through its banking charter, following its acquisition of Radius Bank in 2021.
Founded in 2006 by Renaud Laplanche, LendingClub pioneered peer-to-peer lending in the United States, helping to democratize access to credit and investment opportunities.