LendingClub Corp

Coca-Cola and Sherwin-Williams were among the biggest premarket movers after both companies reported quarterly results that exceeded expectations and raised their full-year outlooks. Coca-Cola shares rose 2% after posting adjusted earnings of 97 cents per share on revenue of $13.38 billion, topping analyst estimates. Sherwin-Williams climbed nearly 6% with adjusted earnings of $3.70 per share on $6.79 billion in revenue, also beating forecasts and lifting its full-year earnings guidance. Johnson & Johnson gained more than 2% after agreeing to pay $5.5 billion to settle talc-related ovarian cancer lawsuits. Hilton Worldwide fell 2.7% after issuing third-quarter earnings guidance below consensus, while Universal Health Services dropped 3% on a lowered full-year outlook. Welltower advanced 4.5% after raising its full-year normalized funds from operations forecast above estimates, and Happen, formerly LendingClub, surged more than 6% on stronger-than-expected full-year earnings guidance.

Happen Inc. raised its full-year 2026 diluted earnings per share target to a range of $1.80 to $1.90 and increased the lower end of its loan originations guidance to a new range of $12.2 billion to $12.6 billion. For the second quarter, the company reported loan originations of $3.1 billion, up 29% year-over-year, with record pretax income of $76 million and diluted earnings per share of $0.50. Revenue grew 6% to $263 million, driven by net interest income of $179 million and noninterest income of $84 million. The company also launched the Happen Bank brand and began underwriting its first home improvement loans, while noting that fair value markdowns increased to $121 million from $89 million in the prior quarter due to higher benchmark rates. For the third quarter, Happen expects loan originations of $3.2 billion to $3.35 billion and diluted earnings per share of $0.43 to $0.48.

Several companies made notable after-hours moves following their latest earnings reports. Cadence Design Systems rose more than 4% after posting second-quarter adjusted earnings of $2.11 per share, beating the LSEG consensus of $2.05, while revenue of $1.58 billion met expectations. Rambus edged higher after reporting adjusted earnings of 77 cents per share on revenue of $207 million, exceeding analyst estimates of 72 cents and $198 million. Welltower jumped 4% after the senior housing real estate investment trust raised its full-year normalized funds from operations guidance to a range of $6.36 to $6.44 per share, above the FactSet consensus of $6.30. Universal Health Services dropped more than 4% after lowering its full-year adjusted earnings guidance to between $22.28 and $23.65 per share, down from a prior range of $22.64 to $24.52. Happen, the bank formerly known as LendingClub, advanced 4% after issuing full-year earnings guidance of $1.80 to $1.90 per share, surpassing the FactSet consensus of $1.74, and projecting loan originations of $12.2 billion to $12.6 billion. F5 gained nearly 2% after third-quarter adjusted earnings of $4.73 per share on revenue of $865 million topped the LSEG consensus of $4 per share and $388 million. Cincinnati Financial lost almost 4% after operating earnings of $1.43 per share missed the FactSet consensus of $1.84, and net premiums of $2.64 billion came in slightly below the expected $2.66 billion. Nucor dipped 1% despite beating second-quarter earnings and revenue expectations, with the stock already up more than 50% year to date. Principal Financial Group fell 3% even though operating earnings of $2.42 per share exceeded the FactSet consensus of $2.34, as the stock had already risen more than 25% this year.

Happen Inc., formerly LendingClub Corporation, has officially launched the Happen Bank brand and listed on Nasdaq under the ticker HAPN. CEO Scott Sanborn said the rebranding and listing reflect the company's evolution into a modern digital bank focused on transparent, easy-to-use products. On June 30, BTIG raised its price target on Happen Inc. to $25 from $20, maintaining a Buy rating and implying a 28% upside from current levels. The firm updated specialty finance forecasts ahead of second-quarter earnings, citing easing inflation and a clearer Federal Reserve rate outlook as catalysts for significant earnings improvement across the sector.

Klarna Group and LendingClub present divergent investment cases as digital finance evolves. Klarna, with roughly 118 million active consumers and nearly 966,000 merchants across 26 countries, reported fiscal 2025 revenue of approximately $3.5 billion, a 31.6% year-over-year increase, but posted a net loss of roughly $294 million and negative free cash flow of about $1 billion. LendingClub, a digital marketplace bank serving over 5 million members, generated nearly $1.3 billion in revenue, up about 15%, with net income of roughly $135.7 million and a net margin near 10.2%, though its free cash flow was approximately negative $2.9 billion. Valuation metrics show LendingClub trading at a forward price-to-earnings ratio of 11 times versus Klarna's 90.5 times, while both face regulatory and competitive risks in consumer lending.