$LendingClub (LC.US)$🎯 On August 21, 2023, the current pric...
$LendingClub (LC.US)$🎯 On August 21, 2023, the current price is 6.6, with a floating loss of 27% in the position, and it has been 5 and a half months since the purchase.
New data: 2023 Q1 and Q2
Revenue declined by 22.6%, with interest income increasing significantly by 35.9%, but non-interest income turned into significant losses, leading to a substantial 89.3% decrease in net income.
Currently, the PE ratio is 2.4, the TTM PE ratio has increased significantly to 7.5, and the PB ratio is 0.6. Considering that the non-interest losses are a sector-wide cyclical issue, the balance sheet looks relatively healthy. It is still cautious to consider adding positions (⭐️).
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