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Lending Club’s results this week showed a 90 per cent increase in Q2 loan origination to $1.9bn. However regulators are starting to ask difficult questions of the p2p lender like should they have 'skin in the game' for the loans they originate and underwrite? Still, Lending Club's enterprise value is 90 times its new 2015 earnings forecas.
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Lending Club’s enterprise value is still about 90 times its new forecast for 2015 earnings before interest, taxation, depreciation and amortisation of $49m-$53m, more than double exuberantly priced internet stocks such as Facebook and about 10 times that of even highly rated financial stocks such as MasterCard.
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