<p>LendingClub (LC) 刚刚交出了一个强劲的季度，收入和净利润较去年大幅增长，这种盈利势头与强劲的贷款需求开始重塑投资者对该股票的看法。</p>
<p>查看我们对 LendingClub 的最新分析。</p>
<p>这个乐观的季度是在已经强劲的表现基础上取得的，年初至今的股价回报约为 21.8%，而三年总股东回报约为 126.6%，这表明势头正在稳步增强。</p>
<p>如果 LendingClub 的反弹引起了你的注意，现在可能是了解金融领域其他领先者的好时机，并发现快速增长且内部持股比例高的股票。</p>
<p>随着收入和盈利加速增长，内在折扣达到 28%，分析师仍然看好其目标价，投资者面临一个关键问题：LendingClub 是否仍被低估，还是市场已经在定价其下一轮增长？</p>
<h2>最受欢迎的叙述：11.4% 被低估</h2>
<p>LendingClub 最近收盘价为 19.65 美元，而叙述的公允价值约为 22.18 美元，故事集中在其混合模式和盈利能力的提升如何证明这一差距。</p>
<blockquote>
<p><em>混合数字市场/银行模型继续扩展。市场发起的贷款和资产负债表贷款同步增长，前者提供高利润、轻资本的收入，后者则建立了可持续的净利息收入。这一双引擎为持续的盈利和有形账面价值增长提供了运营杠杆。</em></p>
</blockquote>
<p>阅读完整叙述。</p>
<p>想看看这个估值差距背后的引擎吗？叙述依赖于利润的急剧上升和未来更符合成熟复合型公司的倍数。好奇为什么适度的收入预期仍然支持更高的公允价值吗？深入了解哪些盈利和利润假设使得数学成立。</p>
<p><strong>结果：公允价值为 22.18 美元（被低估）</strong></p>
<p>完整阅读叙述，了解预测背后的原因。</p>
<p>然而，个人贷款领域竞争加剧和更高的营销成本可能会挤压利润并减缓增长，这可能会挑战围绕 LendingClub 的乐观估值叙述。</p>
<p>了解 LendingClub 叙述的关键风险。</p>
<h2>估值的另一种角度</h2>
<p>虽然叙述指出公允价值存在两位数的折扣，但从盈利角度来看，LendingClub 实际上显得昂贵，交易倍数约为 21.8 倍，而美国消费金融行业为 10 倍，同行为 6.3 倍，即使公允比率为 23.2 倍也暗示有一定的上行空间。你更信任哪个信号？</p>
<p>查看数字对这个价格的看法——在我们的估值分析中了解更多。</p>
<p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/8743b529-3d06-41c2-8642-e6684525ea51/chart/pe-multiple-vs-industry?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/8743b529-3d06-41c2-8642-e6684525ea51/chart/pe-multiple-vs-industry"/></p>
<p>截至 2025 年 12 月 NYSE:LC 的市盈率</p>
<h2>自建 LendingClub 叙述</h2>
<p>如果你对这个故事有不同看法，或者想根据数字测试自己的假设，你可以在几分钟内构建个性化的视图：按你的方式进行。</p>
<p>你对 LendingClub 研究的一个很好的起点是我们的分析，强调 3 个关键收益和 1 个可能影响你投资决策的重要警示信号。</p>
<h2>寻找更多引人注目的想法？</h2>
<p>在你继续之前，通过使用我们的筛选工具锁定下一个潜在的胜利，发现符合你确切策略和风险偏好的股票。</p>
<ul>
<li>目标是从优先考虑收入的公司中获得稳定的现金流，从这 12 只收益率超过 3% 的股息股票开始，这些股票可以增强你投资组合的基础。</li>
<li>通过审查这 24 只 AI 小盘股，捕捉前沿创新，这些股票有望受益于人工智能在各行业的加速采用。</li>
<li>通过扫描这 913 只被低估的股票，利用定价错误的机会，这些股票基于现金流，市场可能今天忽视，但明天可能会迅速重新定价。</li>
</ul>
<p><em>这篇文章由 Simply Wall St 撰写，内容具有一般性。<strong>我们提供基于历史数据和分析师预测的评论，仅使用无偏见的方法，我们的文章并不构成财务建议。</strong> 它不构成买入或卖出任何股票的推荐，也不考虑你的目标或财务状况。我们旨在为你提供以基本数据驱动的长期分析。请注意，我们的分析可能未考虑最新的价格敏感公司公告或定性材料。Simply Wall St 在提到的任何股票中没有持仓。</em></p>
<p>用于国防和灾难的移动基础设施</p>
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<p>在下一轮合同之前获取投资者简报</p>
<p>由 CiTech 赞助</p>

<p>LendingClub (LC) 报告了强劲的季度业绩，收入和净利润均有所增加，吸引了投资者的关注。该股票年初至今回报率为 21.8%，三年回报率为 126.6%。分析师认为其内在价值存在 28% 的折扣，暗示可能被低估。然而，竞争加剧和营销成本上升可能会影响利润率。LC 的市盈率高于行业同行，这引发了估值方面的质疑。投资者被鼓励探索 LendingClub 的混合模式及潜在风险。Simply Wall St 提供分析，但不提供财务建议</p>

<p>LendingClub (LC) just delivered a stronger quarter, with revenue and net income up solidly from last year, and that combination of earnings momentum and heavy loan demand is starting to reshape how investors view the stock.</p>
<div class="lb-trans"><p>LendingClub (LC) 刚刚交出了一个强劲的季度，收入和净利润较去年大幅增长，这种盈利势头与强劲的贷款需求开始重塑投资者对该股票的看法。</p>
</div><p>See our latest analysis for LendingClub.</p>
<div class="lb-trans"><p>查看我们对 LendingClub 的最新分析。</p>
</div><p>The upbeat quarter lands on top of an already strong run, with a roughly 21.8% year to date share price return and a powerful three year total shareholder return of about 126.6% suggesting momentum is firmly building.</p>
<div class="lb-trans"><p>这个乐观的季度是在已经强劲的表现基础上取得的，年初至今的股价回报约为 21.8%，而三年总股东回报约为 126.6%，这表明势头正在稳步增强。</p>
</div><p>If LendingClub’s rebound has your attention, this could be a good moment to see what else is leading the charge in financials and discover fast growing stocks with high insider ownership.</p>
<div class="lb-trans"><p>如果 LendingClub 的反弹引起了你的注意，现在可能是了解金融领域其他领先者的好时机，并发现快速增长且内部持股比例高的股票。</p>
</div><p>With revenue and earnings accelerating, a 28% intrinsic discount, and analysts still seeing upside to their targets, investors face a pivotal question: Is LendingClub still undervalued, or is the market already pricing in its next leg of growth?</p>
<div class="lb-trans"><p>随着收入和盈利加速增长，内在折扣达到 28%，分析师仍然看好其目标价，投资者面临一个关键问题：LendingClub 是否仍被低估，还是市场已经在定价其下一轮增长？</p>
</div><h2>Most Popular Narrative: 11.4% Undervalued</h2>
<div class="lb-trans"><h2>最受欢迎的叙述：11.4% 被低估</h2>
</div><p>With LendingClub last closing at 19.65 dollars against a narrative fair value of roughly 22.18 dollars, the story focuses on how its hybrid model and profitability ramp justify that gap.</p>
<div class="lb-trans"><p>LendingClub 最近收盘价为 19.65 美元，而叙述的公允价值约为 22.18 美元，故事集中在其混合模式和盈利能力的提升如何证明这一差距。</p>
</div><blockquote>
<p><em>The hybrid digital marketplace/bank model continues to scale. Marketplace originations and balance sheet loans are growing in tandem, with the former providing high-margin, capital-light revenue, and the latter building durable recurring net interest income. This dual engine offers operating leverage for sustained growth in earnings and tangible book value.</em></p>
</blockquote>
<div class="lb-trans"><blockquote>
<p><em>混合数字市场/银行模型继续扩展。市场发起的贷款和资产负债表贷款同步增长，前者提供高利润、轻资本的收入，后者则建立了可持续的净利息收入。这一双引擎为持续的盈利和有形账面价值增长提供了运营杠杆。</em></p>
</blockquote>
</div><p>Read the complete narrative.</p>
<div class="lb-trans"><p>阅读完整叙述。</p>
</div><p>Want to see the engine behind that valuation gap? The narrative leans on a sharp profit step up and a future multiple more typical of mature compounders. Curious how modest top line expectations still support that higher fair value? Dive in to see which earnings and margin assumptions make the math work.</p>
<div class="lb-trans"><p>想看看这个估值差距背后的引擎吗？叙述依赖于利润的急剧上升和未来更符合成熟复合型公司的倍数。好奇为什么适度的收入预期仍然支持更高的公允价值吗？深入了解哪些盈利和利润假设使得数学成立。</p>
</div><p><strong>Result: Fair Value of $22.18 (UNDERVALUED)</strong></p>
<div class="lb-trans"><p><strong>结果：公允价值为 22.18 美元（被低估）</strong></p>
</div><p>Have a read of the narrative in full and understand what's behind the forecasts.</p>
<div class="lb-trans"><p>完整阅读叙述，了解预测背后的原因。</p>
</div><p>However, rising competition in personal lending and higher marketing costs could squeeze margins and slow growth, which may challenge the optimistic valuation narrative around LendingClub.</p>
<div class="lb-trans"><p>然而，个人贷款领域竞争加剧和更高的营销成本可能会挤压利润并减缓增长，这可能会挑战围绕 LendingClub 的乐观估值叙述。</p>
</div><p>Find out about the key risks to this LendingClub narrative.</p>
<div class="lb-trans"><p>了解 LendingClub 叙述的关键风险。</p>
</div><h2>Another Angle on Valuation</h2>
<div class="lb-trans"><h2>估值的另一种角度</h2>
</div><p>While the narrative points to a double digit discount to fair value, LendingClub actually looks expensive on earnings, trading at about 21.8 times versus 10 times for the US consumer finance industry and 6.3 times for peers, even if a fair ratio of 23.2 times suggests some upside. Which signal do you trust more?</p>
<div class="lb-trans"><p>虽然叙述指出公允价值存在两位数的折扣，但从盈利角度来看，LendingClub 实际上显得昂贵，交易倍数约为 21.8 倍，而美国消费金融行业为 10 倍，同行为 6.3 倍，即使公允比率为 23.2 倍也暗示有一定的上行空间。你更信任哪个信号？</p>
</div><p>See what the numbers say about this price — find out in our valuation breakdown.</p>
<div class="lb-trans"><p>查看数字对这个价格的看法——在我们的估值分析中了解更多。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/8743b529-3d06-41c2-8642-e6684525ea51/chart/pe-multiple-vs-industry" alt="" original-src="https://images.simplywall.st/company/8743b529-3d06-41c2-8642-e6684525ea51/chart/pe-multiple-vs-industry"/></p>
<p>NYSE:LC PE Ratio as at Dec 2025</p>
<div class="lb-trans"><p>截至 2025 年 12 月 NYSE:LC 的市盈率</p>
</div><h2>Build Your Own LendingClub Narrative</h2>
<div class="lb-trans"><h2>自建 LendingClub 叙述</h2>
</div><p>If you see the story differently or want to test your own assumptions against the numbers, you can build a personalized view in just minutes: Do it your way.</p>
<div class="lb-trans"><p>如果你对这个故事有不同看法，或者想根据数字测试自己的假设，你可以在几分钟内构建个性化的视图：按你的方式进行。</p>
</div><p>A great starting point for your LendingClub research is our analysis highlighting 3 key rewards and 1 important warning sign that could impact your investment decision.</p>
<div class="lb-trans"><p>你对 LendingClub 研究的一个很好的起点是我们的分析，强调 3 个关键收益和 1 个可能影响你投资决策的重要警示信号。</p>
</div><h2>Looking for more compelling ideas?</h2>
<div class="lb-trans"><h2>寻找更多引人注目的想法？</h2>
</div><p>Before you move on, lock in your next potential win by using our screeners to uncover stocks that fit your exact strategy and risk profile.</p>
<div class="lb-trans"><p>在你继续之前，通过使用我们的筛选工具锁定下一个潜在的胜利，发现符合你确切策略和风险偏好的股票。</p>
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<div class="lb-trans"><ul>
<li>目标是从优先考虑收入的公司中获得稳定的现金流，从这 12 只收益率超过 3% 的股息股票开始，这些股票可以增强你投资组合的基础。</li>
<li>通过审查这 24 只 AI 小盘股，捕捉前沿创新，这些股票有望受益于人工智能在各行业的加速采用。</li>
<li>通过扫描这 913 只被低估的股票，利用定价错误的机会，这些股票基于现金流，市场可能今天忽视，但明天可能会迅速重新定价。</li>
</ul>
</div><p><em>This article by Simply Wall St is general in nature. <strong>We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.</strong> It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.</em></p>
<div class="lb-trans"><p><em>这篇文章由 Simply Wall St 撰写，内容具有一般性。<strong>我们提供基于历史数据和分析师预测的评论，仅使用无偏见的方法，我们的文章并不构成财务建议。</strong> 它不构成买入或卖出任何股票的推荐，也不考虑你的目标或财务状况。我们旨在为你提供以基本数据驱动的长期分析。请注意，我们的分析可能未考虑最新的价格敏感公司公告或定性材料。Simply Wall St 在提到的任何股票中没有持仓。</em></p>
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<div class="lb-trans"><p>用于国防和灾难的移动基础设施</p>
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<div class="lb-trans"><p>下一波机器人技术不是类人型的。它是完全自主的塔，在 30 分钟内提供 5G、ISR 和雷达，随时随地。</p>
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<div class="lb-trans"><p>在下一轮合同之前获取投资者简报</p>
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<div class="lb-trans"><p>由 CiTech 赞助</p>
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在强劲的季度业绩以及对贷款产品的机构需求上升之后，LendingClub (LC) 进行估值检查