LC - LendingClub Corporation
Klarna maintains a massive global footprint with over 118 million active consumers and nearly one million merchants. LendingClub has successfully transitioned into a profitable digital marketplace bank with a focus on the U.S. consumer.
Happen, formerly known as LendingClub, has announced the official launch of its digital bank. The new Happen Bank brand is available now on the company website, mobile app and via customer communications and advertising, the lender said in a news release Monday (June 22), the same day Happen's stock began trading on Nasdaq.
Begins trading on Nasdaq under the ticker symbol "HAPN" SAN FRANCISCO, June 22, 2026 /PRNewswire/ -- Happen, Inc. (Nasdaq: HAPN) https://www.multivu.com/lending-club/9384851-en-lendingclub-bank-happen-bank-digital-built-help-people-move-forward (formerly LendingClub Corporation) today announced the official launch of the Happen Bank™ brand, marking a significant milestone in its evolution into a digital bank for people who want to make more happen with their money. Beginning today, Happen Bank's brand comes to life at www.happen.com, its mobile app, customer communications, advertising, and more.
LendingClub has transformed into a diversified digital banking platform, evidenced by Q1 2026 deposits reaching $10.2 billion, up 14% YoY. LC delivered a 31% YoY increase in loan originations during a tight lending environment, driving a major surge in EPS. Industry-leading credit performance enables LC to sell loans without credit enhancements or loss protection, reflecting strong underwriting standards.
The mean of analysts' price targets for LendingClub (LC) points to a 29.8% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.
LendingClub is moving its stock market listing as it prepares for a banking rebrand. The online-lender-turned-full-service bank announced Tuesday (June 2) that it would switch its listing from the New York Stock Exchange (NYSE) to the Nasdaq as it rebrands from LendingClub to Happen Bank.
Expected First Day of Trading on the Nasdaq Stock Exchange on Monday, June 22, 2026 Company to Ring the Nasdaq Opening Bell on Tuesday, June 30, 2026 SAN FRANCISCO, June 2, 2026 /PRNewswire/ -- LendingClub Corporation (NYSE: LC) today announced that it will transfer the listing of its common stock to the Nasdaq Stock Market ("Nasdaq") from the New York Stock Exchange ("NYSE"). The company's common stock is expected to begin trading on the Nasdaq Global Select Market on June 22, 2026, under the new ticker symbol – HAPN – to reflect the rebranding of LendingClub Bank to Happen Bank.
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The consensus price target hints at a 32.7% upside potential for LendingClub (LC). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.
LendingClub delivered a strong Q1'26, beating financial targets but maintaining full-year guidance. The digital banks EPS surged to $0.44, driven by a shift to fair value accounting, though underlying credit costs remain steady. The company targets $12.1B in 2026 loan originations and sees a path to double originations over time, starting with entering the $500B home improvement market in Q2.
Watch more: Need to Know With LendingClub's Scott Sanborn Scott Sanborn has been telling people LendingClub needed a different name for 10 years. The first audience was the board that ended up hiring him as CEO.
LendingClub Corporation (LC) Q1 2026 Earnings Call Transcript
LendingClub remains a compelling "Buy," bolstered by strong Q1 results and resilient credit metrics despite broader market fears. LC is delivering over 30% originations growth, supporting robust non-interest fee income and reinforcing its growth profile. Deposit growth, high-yield savings, and the rebrand to Happen Bank are reducing the cost of capital and enhancing net interest margins.
LendingClub saw growth across its business in the first quarter as it prepares to rebrand to Happen Bank and continues to expand its offerings into areas such as home improvement.
While the top- and bottom-line numbers for LendingClub (LC) give a sense of how the business performed in the quarter ended March 2026, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.