Lending Club: Take A Look At The Competition

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About: LendingClub Corporation (LC), Includes: GS
by: Heath White
This article is exclusive for subscribers.
Heath White
Long Only, Value, Growth At Reasonable Price, medium-term horizon
Summary

Lending Club had an innovative product when it launched in 2007.

In 2017, though, the product has been commoditized and Lending Club has no edge.

Marcus by Goldman Sachs, a new competitor, is especially formidable.

Not much reason to expect Lending Club to flourish in the new, highly competitive environment.

When it started in 2007, Lending Club (NYSE:LC) offered an innovative product: unsecured personal loans, applied for and disbursed over the internet. Although Prosper was an also-ran in the same space, the real