I’ve been doing research on LC and i am almost done but in search of a second opinion, i come here.
The only thing i really need to know is deposit distribution and how spread out it is nationally, though as of now it is personal accounts and so it is not going to receive much fallout from the current fallout.
Along with this, it’s liquidity is strong and because it is an unsecured personal loan lender at the top end of the range, it’s average loan is super prime rating and average maturity is roughly 1.5 – 2 years with a smallest of long term securities and other loan types.
Some analysts have said that there is a good chance of buybacks in the future but considering they have elevated internal commitments to certain s liquidity and capital ratios, I disagree at this point in time.
Please feel free to respond with any concerns or bearish/short comments.
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