![]() Although in the most recently reported quarter, 4Q22, the company outpaced Street forecasts on both the revenue and profitability profiles, investors were disappointed in the outlook for 1Q23. While the company has consistently beaten bottom-line expectations over the past couple of years, in recent times the stock has come under pressure from elsewhere. LendingClub started life on Facebook as a peer-to-peer lender and was one of its first apps, but its business model has been through a big transformation, one driven by the 2021 acquisition of a bank charter. In fact, with approximately an 8% share, it is the US’s 2nd largest personal loan originator. LendingClub is a digital marketplace bank focused on originating unsecured personal loans. We’ll start with a company that says what it does on the tin. We ran these tickers through TipRanks, the world’s biggest database of analysts and research, to get a feel for general Street sentiment toward these names. ![]() ![]() Whatever the macro outlook, they expect a pair of stocks to post gains of at least 50% over the coming months. Morgan analysts are pointing investors toward the equities that they believe deserve some credit for their durability. Whether that hike comes or not, in the meantime, J.P. “The case for (policymakers) to pause is strengthening, though I still think they may be tempted by one more hike.” “The message is that the Fed is winning its fight against inflation,” Gibber said. However, the latest Consumer Price Index (CPI) report has shown a glimmer of hope, indicating that headline inflation eased from 6% in February to 5% in March.Īccording to Hugh Gimber, global market strategist at JPMorgan Asset Management, this is a promising sign that the Federal Reserve’s aggressive efforts to raise interest rates are bearing fruit. The US economy has been grappling with inflationary pressures over the past year, causing concern among policymakers and investors alike.
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