LendingTree Inc. is an online marketplace that connects consumers with various financial service providers, allowing users to compare loan options, mortgages, credit cards, and other financial products
The platform enables individuals to submit their financial information once and receive customized offers from multiple lenders, streamlining the borrowing process. By facilitating this comparison-shopping experience, LendingTree aims to empower consumers to make informed financial decisions and find the best terms that suit their needs. The company also provides resources and tools to educate users about personal finance and improve their overall financial literacy.
Over half, 56%, of Americans say they plan to host guests for Thanksgiving this year. With costs rising 19% from last year, consumers are feeling the pinch.
Momentum investors look to ride bullish trends where buyers are in control. The strategy has been particularly rewarding in 2024 amid the market's strong showing thanks to a resilient economy.
LendingTree shares are trading lower after the bell on Thursday following a report that hackers are now selling stolen consumer data from the company's subsidiary QuoteWizard.
LendingTree reported quarterly earnings of 70 cents per share which beat the analyst consensus estimate of 37 cents by 89.19% and represents a 180% increase over earnings from the same period last year. Quarterly sales clocked in at $167.8 million which beat the analyst consensus estimate of $162.773 million by 3.09%.
