PeerIQ Newsletter: LendingClub Earnings; PayPal Resilient to COVID-19; Square 4x Reserve Build

PeerIQ provides their perspective on the jobs report from last week which they believe pegs true unemployment in the 18-20% range when accounting for recent jobless claims, reduction in hours, and reduction in job seeking activity; recently PeerIQ shared their perspective that in this recession consumers would be more resilient compared to 2008; GS economists have provided their own research that showed personal income will be higher in 2020 (~9%) which is due to the fiscal response; these economists are also assuming that there will be a phase 4 package of around $550 billion; in their latest newsletter, PeerIQ also shares their view on Charles Schwab taking on Robinhood with fractional shares, LendingClub’s earnings and how PayPal is hitting new records during the crisis. PeerIQ

Notify of
Inline Feedbacks
View all comments