Wall Street Is Snoozing -- Buy This Fintech Stock Today
Every so often, you come across a stock with excellent growth prospects that Wall Street just seems to ignore.
One such stock is LendingClub (NYSE: LC), the consumer lending company. Compared to other consumer lenders, Upstart Holdings and SoFi Technologies, LendingClub trades at a fraction of the price-to-sales ratio and seems underappreciated next to the younger stocks. LendingClub plunged 96% from its initial public offering (IPO) in December 2014 until November 2020. But it has jumped 474% since that time.
LendingClub is in the midst of a turnaround. The company's leadership has been replaced since those early days when it faced intense scrutiny over its loan sales and lending practices. The company has found a way to build steady revenue streams and increase earnings, which it will eventually invest back into the business to expand its product offerings.
Source Fool.com
