Pivotal-Point Tracking LendingClub: Doubled Profit Margin and Strategic Partnership with BlackRock Drive the Digital Bank!

LendingClub demonstrates with a strong Q2 that the digital marketplace bank continues on its growth trajectory. With an impressive increase of 33% in revenue and more than doubling its net profit margin, the company showcased a successful return to growth on July 29. A key driver was the 32% increase in lending to $2.4 billion. This rise was propelled by a targeted reorientation of marketing, including direct mail campaigns and digital advertising. The company underscores its strength not only through growth but also through high credit quality....