- LendingClub (NYSE:LC) gains 12% in early trading after sell-side analysts commented on Q1 earnings.
- Morgan Stanley's James Faucette called LendingClub's Q1 "reassuring" and said the company's "rebuilding continues," Bloomberg reports.
- Consistent performance for the next few quarters, "should sway investor sentiment and re-rate the stock toward our $6 PT," Faucette noted.
- Meanwhile, Credit Suisse's Stephen Ju says regulatory/FTC cloud hangs over results that jive with LC's investor-day plans and Wedbush's Henry Coffey sees maintaining y/y originations growth challenging: Bloomberg.
- Previously: LendingClub up 1.8% after Q1 eps beats estimate (May 8)
- Source: Press Release