Shares of LendingClub (NYSE: LC) were falling today after the peer-to-peer lending platform posted disappointing guidance in its second-quarter earnings report, even as its results topped headline estimates.

As of 10:02 a.m. ET, the stock was down 11.2%.

LendingClub, which leverages a digital interface and AI technology to offer personal loans and banking services, continued to see sharp declines in its business in the second quarter.

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Source Fool.com