1 of 1
Story summary
- SoFi Technologies, a digital bank focused on personal lending, gained 37% in stock and trades at nearly 34x forward earnings.
- LendingClub, a personal lender, has improved earnings and projects 50% EPS growth this year.
- LendingClub's new accounting method simplifies its financial model and targets $12.1 billion in originations.
- Despite economic risks, LendingClub's stock is $15.20 and has upside potential if it achieves a 20% return on tangible common equity.
