
Update on Lending Club, after Q2 Earning Report
Lending Club has recently released its earning report for Q2 2016. The result is worse than expected. The company lost -$0.09 per share for the quarter, revenue is at 102.4 mil. Highlights: Top Line: Revenue / Loan Origination Decrease 1. Origination reach $1,955 mil vs last quarter of $2,750 mil 2. The decrease resulted from reduced investment of banks and other institutions Bottom line: Earnings, Expense 1. Total expense reduced from previous quarter of $83.1 mi to 68.3 mil