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Actionable news in LC: LENDINGCLUB CORPORATION,

The tide may be turning for Lending Club

Lending Club, employees, IPO

LendingClub on Monday posted its second highest quarterly revenues in its history. And Wall Street has responded.

Net revenue spiked 35% to $139.6 million in the second quarter, beating Wall Street's average estimate of $136.4 million, according to Thomson Reuters.

Loan originations were up 10%.

Shares of the online lending company are up over 8% on Tuesday, at $5.91 a piece. Still, a far cry from the initial public offering price of $24 per share.

Credit Suisse sent out a note to clients Tuesday morning outlining its case for a 30% boost in the LendingClub's stock price.

"This is the first quarter in almost a year in which LendingClub has reported...


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