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In Block's Q2 2023 earnings call it showed a positive trajectory despite the economic climate. Afterpay and Bitcoin hardware form next steps.
On Thursday, online lender Enova International posted a $52 million profit on $320 million in revenue, up 57% from the same time last year. In addition, total originations increased 26% sequentially to a record $856 million. Despite the good news, the stock saw only a 4% rise before falling back toward its downward trend this month.
Yesterday LendingClub released their Q3 earnings; they originated $2.44 billion in loans, up 14% from the previous quarter; revenue was on the lower end of projections, but the company had a lower GAAP loss than expected; Lend Academy shares other highlights from the earnings call. Source
LendingClub grew revenue and announced settlements in two class action lawsuits. Source