Online financial marketplace provider Lendingtree (TREE) is benefiting from the improvement in demand trends in its consumer segment, which provides a range of conditional loan offers for credit cards, personal loans, small business loans, student loans, car loans, deposit accounts, and other credit services like credit repair and debt settlement. Moreover, growing competition among lenders is serving as a tailwind for mortgage revenues. Also, the recent rate cuts have led to the revival of Lendingtree’s mortgage business, along with a spurt in refinancing. (See Lendingtree stock chart on TipRanks) Lendingtree recently delivered strong second-quarter 2021 results, beating consensus estimates on both the top line and bottom line fronts.
https://www.tipranks.com/news/article/lendingtree-riding-on-low-mortgage-rates-needham-maintains-buy?utm_source=advfn.com&utm_medium=referral
LendingTree (NASDAQ:TREE)
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LendingTree (NASDAQ:TREE)
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