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LC

LendingClub

$4.08

0.12 (3.03%)

16:11
08/07/18
08/07
16:11
08/07/18
16:11

LendingClub reports Q2 adjusted EPS 3c, consensus 2c

Reports Q2 revenue $177M, consensus $166.8M.

  • 07

    Aug

  • 09

    Aug

LC LendingClub
$4.08

0.12 (3.03%)

06/01/18
CHLM
06/01/18
NO CHANGE
Target $5
CHLM
Buy
Craig-Hallum sees LendingClub loan volumes accelerating
LendingClub's new credit model enables it to say "Yes" more often when underwriting, which should drive improved loan growth and operating margins, Craig-Hallum analyst Bradley Berning tells investors in a research note. The analyst raised his Q2 loan sale assumption to $2.63B from $2.46B, up 14% from Q1. The analyst, however, left his revenue and EBITDA estimates unchanged, and keeps a Buy rating on the shares with a $5 price target.
07/19/18
MSCO
07/19/18
DOWNGRADE
MSCO
Equal Weight
LendingClub downgraded to Equal Weight from Overweight at Morgan Stanley
07/19/18
MSCO
07/19/18
DOWNGRADE
Target $5
MSCO
Equal Weight
LendingClub downgraded as FTC probe seen detering investors at Morgan Stanley
As previously reported, Morgan Stanley analyst James Faucette downgraded LendingClub to Equal Weight from Overweight as he thinks the previously disclosed FTC investigation into the company's lending practices will be a drag on new investor interest and involvement in the stock until it is resolved. While its fundamentals are undervalued, there is also execution risk, added Faucette, who lowered his price target on LendingClub shares to $5 from $6.
07/19/18
07/19/18
NO CHANGE

Fly Intel: Today's top analyst calls on Wall Street
Check out today's top analyst calls from around Wall Street, compiled by The Fly. NEEDHAM CUTS TESLA TO UNDERPERFORM: Needham analyst Rajvindra Gill downgraded Tesla (TSLA) to Underperform from Hold, stating the stock remains overvalued in spite of its 16% decline from the the June 2017 peak. The analyst cited expectations of slower Model S/X sales amid increased competition and possible cannibalization from the Model 3, the expiration of credits, slower gross margins improvement with "persistently high" production costs, lower energy segment revenue after recent restructuring, and Tesla's "unsustainable capital structure." Tesla is down 1.9% in midday trading. CREDIT SUISSE UPGRADES SQUARE: Credit Suisse analyst Paul Condra upgraded Square (SQ) to Outperform from Neutral, saying he believes its growing product eco-system is increasing its ability to penetrate larger merchants. He also said positive data points on Cash-App adoption validate Square's two-sided platform strategy to grow both merchant and consumer use-cases. The analyst also raised his price target on the shares to $81 from $44. MORGAN STANLEY UPS SQUARE TARGET: Morgan Stanley analyst James Faucette sees good potential for upward estimate revisions for Square in the near-term and raised his price target on the stock to $75 from $43. However, Faucette kept an Equal Weight rating on Square, calling its valuation "demanding" and citing his continued view that new services are misvalued. Square is higher by 3.5% at midday. MORGAN STANLEY DOWNGRADES LENDINGCLUB, ON DECK: Morgan Stanley's Faucette downgraded LendingClub (LC) to Equal Weight from Overweight as he thinks the previously disclosed FTC investigation into the company's lending practices will be a drag on new investor interest and involvement in the stock until it is resolved. Faucette lowered his price target on LendingClub shares to $5 from $6. Faucette downgraded On Deck Capital (ONDK) to Underweight from Equal Weight, stating that he sees the company needing a long time to meaningfully scale the "OnDeck-as-a-Service," which he believes will limit the stock's potential for valuation expansion above small-to-mid cap banks. Also, Faucette sees limited upside potential to origination growth estimates given the company's preference for delivering profitability versus growth, he tells investors. PIPER POSITIVE ON CISCO AND ARISTA, CALLS AMAZON FEARS OVERBLOWN: Amazon (AMZN) is not entering the network switching market as speculated on July 13, Piper Jaffray analyst James Fish told investors in a research note. The confirmation by Amazon removes the potential shadow of Amazon on the space. The analyst continued to recommend Cisco (CSCO) and Arista (ANET) as his top networking picks.

TODAY'S FREE FLY STORIES

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Suncor

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, LOW

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  • 20

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MNK

Mallinckrodt

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EYE

National Vision

$41.79

0.72 (1.75%)

17:08
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National Vision files to sell 12.5M shares of common stock for holders »

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PPG

PPG

$105.35

1.03 (0.99%)

, MDLZ

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$43.76

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SYY

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PG

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WPM

Wheaton Precious Metals

$15.97

0.25 (1.59%)

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  • 15

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TER

Teradyne

$34.90

0.88 (2.59%)

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Teradyne to transfer stock listing to Nasdaq from NYSE »

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  • 14

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ACBI

Atlantic Capital

$15.40

-0.62 (-3.87%)

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  • 06

    Dec

FBK

FB Financial

$37.72

-0.65 (-1.69%)

, ACBI

Atlantic Capital

$15.40

-0.62 (-3.87%)

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FBK

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$37.72

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ACBI

Atlantic Capital

$15.40

-0.62 (-3.87%)

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  • 14

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    Dec

WPM

Wheaton Precious Metals

$15.97

0.25 (1.59%)

17:04
11/14/18
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17:04
Earnings
Wheaton Precious Metals reports Q3 adjusted EPS 8c, consensus 10c »

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  • 15

    Nov

ZTO

ZTO Express

$16.08

0.26 (1.64%)

17:03
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ZTO Express announces up to $500M share repurchase program »

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  • 14

    Nov

ZTO

ZTO Express

$16.08

0.26 (1.64%)

17:03
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Earnings
ZTO Express sees Q4 adjusted net income RMB1.2B-RMB1.3B »

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  • 14

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ZTO

ZTO Express

$16.08

0.26 (1.64%)

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Earnings
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  • 14

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AVYA

Avaya

$15.75

-0.09 (-0.57%)

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MTEX

Mannatech

$16.70

(0.00%)

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STT

State Street

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, WMB

Williams

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AAPL

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ALLY

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MU

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$1,043.53

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    Oct

KREF

KKR Real Estate Finance

$20.56

-0.06 (-0.29%)

16:53
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16:53
Syndicate
KKR Real Estate Finance files to sell 4.5M shares of common stock »

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ORN

Orion Group

$4.60

0.01 (0.22%)

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Orion Group award dredging contract of approximately $13M »

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WEX

Wex

$157.62

-4.01 (-2.48%)

16:49
11/14/18
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16:49
Earnings
Wex sees long term revenue growth of 10%-15% adjusted net income up 15%-20% »

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  • 14

    Nov

CASI

Casi Pharmaceuticals

$3.33

0.025 (0.76%)

16:47
11/14/18
11/14
16:47
11/14/18
16:47
Syndicate
Casi Pharmaceuticals files to sell 9.09M shares of common stock for holders »

The shares consist of…

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16:46
11/14/18
11/14
16:46
11/14/18
16:46
General news
API crude inventories for week of November 9 »

API reports that crude…

AJX

Great Ajax

$13.70

0.05 (0.37%)

16:45
11/14/18
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11/14/18
16:45
Syndicate
Great Ajax files to sell convertible senior notes due 2024, no amount given »

The Notes represent an…

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16:45
11/14/18
11/14
16:45
11/14/18
16:45
General news
Breaking General news story  »

Dallas Federal Reserve…

16:45
11/14/18
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11/14/18
16:45
General news
Breaking General news story  »

Federal Reserve Chairman…

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