JPMorgan upgraded LendingClub (LC) to Overweight from Neutral with a price target of $22, up from $17. The company’s Q3 originations and pre-provision net revenue came in well ahead of estimates as loan buyer demand remains strong, the analyst tells investors in a research note. The firm believes LendingClub has “more ways than ever” to grow originations and profits without incurring punitive charges. It sees this driving accelerating profit growth and improved return metrics in 2026.
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