
Light at the end of the tunnel
Here is our latest update on Lending Club followed by its 3rd Quarter 8K financial report. Another important quarter has passed, here is the latest financial measurement highlights reported by Lending Club. Top Line 3Q 2016 total origination is $1,972 mil, +1% compare to 2Q 2016, and -12% compare to 3Q 2015 3Q Revenue is 112.6 mil, +10% compare to 2Q 2016, -2% compared to 3Q 2015 Bottom Line: 3Q 2016 net income (loss) is -$36.5 mil, an improvement from 2Q 2016 of -$81.4 mil,