LendingClub stock rallies more than 20% after Q1 profit
LendingClub Corp. shares rose more than 20% in the extended session Wednesday after the lending and banking company swung to a first-quarter profit. LendingClub said it earned $40.8 million, or 39 cents a share, in the quarter, reversing a loss of $47.1 million, or 49 cents a share, in the year-ago quarter. Revenue rose to $289.5 million from $105.8 million a year ago. Analysts polled by FactSet expected the company to report earnings of 25 cents a share on revenue of $263 million. "We believe... Читать дальше...