Happen Officially Launches Happen Bank Brand
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 22 2026
0mins
Happen (HAPN), formerly LendingClub (LC), announced the official launch of the Happen Bank brand, marking a significant milestone in its evolution into a digital bank for people who want to make more happen with their money. Beginning June 22, Happen Bank's brand comes to life at www.happen.com, its mobile app, customer communications, advertising, and more. This also marks the first day that Happen common stock will trade on the Nasdaq Stock Market under the "HAPN" ticker.
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Analyst Views on LC
Wall Street analysts forecast LC stock price to rise
9 Analyst Rating
8 Buy
1 Hold
0 Sell
Strong Buy
Current: 19.210
Low
20.00
Averages
23.00
High
26.00
Current: 19.210
Low
20.00
Averages
23.00
High
26.00
About LC
LendingClub Corporation is a bank holding company. The Company operates its business through its subsidiary, LendingClub Bank, National Association (LC Bank). LC Bank is the digital marketplace bank that leverages data and technology to increase access to credit, reduce borrowing costs, and improve returns on savings for its members. Its primary loan products include personal loans, major purchase finance, and auto refinance. LC Bank’s commercial lending business is primarily focused on small businesses, and it participates in the United States small business administration lending programs. Its deposit business includes sourcing deposits directly from customers and from third-party marketing channels and deposit brokers. It offers a range of insured deposit products, including high-yield savings accounts, checking accounts, and certificates of deposit (CDs). Its consumer loans are either retained by LC Bank or sold to marketplace investors through its proprietary loan marketplace.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Investment Comparison: Klarna vs LendingClub
- Klarna's Market Performance: In FY 2025, Klarna achieved approximately $3.5 billion in revenue, marking a 31.6% year-over-year growth, despite facing a net loss of about $294 million, highlighting both its potential and challenges in the rapidly growing digital finance market.
- LendingClub's Profitability: LendingClub generated nearly $1.3 billion in revenue during FY 2025, reflecting a 15% growth, and achieved a net income of approximately $135.7 million with a net margin of 10.2%, indicating robust profitability in a competitive landscape.
- Financial Health Comparison: Klarna's debt-to-equity ratio stands at about 0.6 with a current ratio near 1.1, demonstrating solid short-term debt repayment capability; in contrast, LendingClub has virtually no debt with a 0.0 debt-to-equity ratio and a low current ratio of 0.1, reflecting a conservative approach to capital management.
- Future Investment Outlook: Klarna's buy-now-pay-later platform processed $33.7 billion in gross merchandise volume, showcasing growth potential despite competitive pressures and thin margins; meanwhile, LendingClub's provision of high-yield savings accounts and loan services illustrates stronger profitability and lower valuation risk.
See More
High-Yield Savings Accounts Cut Rates Despite Fed Stance
- Rate Cuts Trend: Four high-yield savings accounts operated by Apple, Ally Financial, Capital One, and Marcus by Goldman Sachs have recently cut their rates, resulting in a 5 basis point drop in the peer median savings rate to 3.4%, indicating a lack of optimism in the market regarding future Fed rate cuts.
- Market Expectation Shift: Although the Fed has not cut rates since December, elevated inflation and a strong jobs report have pushed back expectations for further cuts this year, with some traders even pricing in potential rate hikes.
- Increased Deposit Competition: BTIG analysts suggest that despite the rate cuts, competition for deposits among online banks may intensify, especially as the Trump administration approves more bank applications, which could influence future deposit rate trends.
- CD Advantages: Currently, Bread Financial and LendingClub offer a 4% annual percentage yield, while other 1-year CDs under BTIG's coverage yield less than 4%, with CDs providing the advantage of locking in rates, although early withdrawals may incur penalties.
See More
LendingClub Moves Stock Listing to Nasdaq with New Ticker HAPN
- Listing Transfer: LendingClub announced the transfer of its common stock listing from the NYSE to Nasdaq, effective June 22, aiming to better reflect the company's technology and innovation DNA.
- Stock Performance: During after-hours trading on Tuesday, LendingClub shares rose by 0.29% to $17.56, indicating a positive market response to its rebranding and listing move.
- New Ticker Symbol: The company's stock will trade under the new ticker HAPN, reflecting the rebranding of LendingClub Bank to Happen Bank, which aims to enhance customer connection and brand recognition.
- Future Outlook: LendingClub projects Q2 2026 originations between $3.0 billion and $3.1 billion while maintaining an EPS outlook of $1.65 to $1.80, demonstrating strong performance amid turmoil in the private credit market.
See More
LendingClub to Transfer Listing to Nasdaq as Happen Bank
- Listing Transfer: LendingClub Corporation announced its transfer of common stock listing from the New York Stock Exchange to Nasdaq, expected to commence trading on June 22, 2026, under the new ticker symbol HAPN, reflecting its positioning as a technology-driven digital bank.
- Rebranding Initiative: The company is rebranding LendingClub Bank to Happen Bank, aiming to better represent its diversified financial services for clients, thereby enhancing brand recognition and competitive advantage in the market.
- Nasdaq Opening Ceremony: LendingClub plans to participate in the Nasdaq Opening Bell Ceremony on June 30, 2026, at the Nasdaq MarketSite, marking a celebratory event for its new listing and demonstrating confidence in future growth prospects.
- Shareholder Impact: Existing shareholders are not required to take any action regarding the listing transfer or ticker symbol change, ensuring stability for shareholders and reinforcing trust in the company's future development.
See More
LendingClub CFO Sells 20,000 Shares Amid Strong Performance
- Executive Stock Sale: LendingClub's CFO Andrew LaBenne sold 20,000 shares on May 28, 2026, for approximately $340,000, reflecting confidence in the company's ongoing growth trajectory.
- Ownership Impact: This transaction reduced LaBenne's direct ownership by 7.84%, yet he retains 234,955 shares valued at around $4 million, indicating his continued optimism about the company's long-term prospects.
- Trading Plan Context: The sale was executed under a pre-established Rule 10b5-1 trading plan, suggesting that this action is routine portfolio management rather than a discretionary sell-off, which alleviates market concerns regarding insider trading motives.
- Company Performance Highlights: LendingClub reported a 31% year-over-year increase in loan originations to $2.7 billion and a 16% rise in revenue to $252.3 million in Q1 2026, demonstrating positive momentum and the successful expansion into new revenue streams.
See More
LendingClub CFO Sells 20,000 Shares Amid Strong Q1 Performance
- Insider Selling: LendingClub's CFO Andrew LaBenne sold 20,000 shares on May 28, 2026, for approximately $340,000 at $17 per share, representing 7.84% of his direct holdings, indicating a notable insider transaction.
- Trading Plan Context: The sale was executed under a Rule 10b5-1 trading plan, designed to prevent accusations of insider trading, and LaBenne retains over 200,000 shares, reflecting his ongoing confidence in the company's prospects.
- Strong Q1 Performance: LendingClub reported a robust Q1 with loan originations increasing by 31% year-over-year to $2.7 billion and revenue rising 16% to $252.3 million, highlighting the company's growth trajectory in digital financial services.
- Strategic Shift: The company plans to rebrand as Happen Bank and has begun underwriting home improvement loans, creating new revenue streams, which signifies a strategic pivot aimed at adapting to market demands and enhancing competitiveness.
See More
Investment Comparison: Klarna vs LendingClub
- Klarna's Market Performance: In FY 2025, Klarna achieved approximately $3.5 billion in revenue, marking a 31.6% year-over-year growth, despite facing a net loss of about $294 million, highlighting both its potential and challenges in the rapidly growing digital finance market.
- LendingClub's Profitability: LendingClub generated nearly $1.3 billion in revenue during FY 2025, reflecting a 15% growth, and achieved a net income of approximately $135.7 million with a net margin of 10.2%, indicating robust profitability in a competitive landscape.
- Financial Health Comparison: Klarna's debt-to-equity ratio stands at about 0.6 with a current ratio near 1.1, demonstrating solid short-term debt repayment capability; in contrast, LendingClub has virtually no debt with a 0.0 debt-to-equity ratio and a low current ratio of 0.1, reflecting a conservative approach to capital management.
- Future Investment Outlook: Klarna's buy-now-pay-later platform processed $33.7 billion in gross merchandise volume, showcasing growth potential despite competitive pressures and thin margins; meanwhile, LendingClub's provision of high-yield savings accounts and loan services illustrates stronger profitability and lower valuation risk.
See More
High-Yield Savings Accounts Cut Rates Despite Fed Stance
- Rate Cuts Trend: Four high-yield savings accounts operated by Apple, Ally Financial, Capital One, and Marcus by Goldman Sachs have recently cut their rates, resulting in a 5 basis point drop in the peer median savings rate to 3.4%, indicating a lack of optimism in the market regarding future Fed rate cuts.
- Market Expectation Shift: Although the Fed has not cut rates since December, elevated inflation and a strong jobs report have pushed back expectations for further cuts this year, with some traders even pricing in potential rate hikes.
- Increased Deposit Competition: BTIG analysts suggest that despite the rate cuts, competition for deposits among online banks may intensify, especially as the Trump administration approves more bank applications, which could influence future deposit rate trends.
- CD Advantages: Currently, Bread Financial and LendingClub offer a 4% annual percentage yield, while other 1-year CDs under BTIG's coverage yield less than 4%, with CDs providing the advantage of locking in rates, although early withdrawals may incur penalties.
See More
LendingClub Moves Stock Listing to Nasdaq with New Ticker HAPN
- Listing Transfer: LendingClub announced the transfer of its common stock listing from the NYSE to Nasdaq, effective June 22, aiming to better reflect the company's technology and innovation DNA.
- Stock Performance: During after-hours trading on Tuesday, LendingClub shares rose by 0.29% to $17.56, indicating a positive market response to its rebranding and listing move.
- New Ticker Symbol: The company's stock will trade under the new ticker HAPN, reflecting the rebranding of LendingClub Bank to Happen Bank, which aims to enhance customer connection and brand recognition.
- Future Outlook: LendingClub projects Q2 2026 originations between $3.0 billion and $3.1 billion while maintaining an EPS outlook of $1.65 to $1.80, demonstrating strong performance amid turmoil in the private credit market.
See More
LendingClub to Transfer Listing to Nasdaq as Happen Bank
- Listing Transfer: LendingClub Corporation announced its transfer of common stock listing from the New York Stock Exchange to Nasdaq, expected to commence trading on June 22, 2026, under the new ticker symbol HAPN, reflecting its positioning as a technology-driven digital bank.
- Rebranding Initiative: The company is rebranding LendingClub Bank to Happen Bank, aiming to better represent its diversified financial services for clients, thereby enhancing brand recognition and competitive advantage in the market.
- Nasdaq Opening Ceremony: LendingClub plans to participate in the Nasdaq Opening Bell Ceremony on June 30, 2026, at the Nasdaq MarketSite, marking a celebratory event for its new listing and demonstrating confidence in future growth prospects.
- Shareholder Impact: Existing shareholders are not required to take any action regarding the listing transfer or ticker symbol change, ensuring stability for shareholders and reinforcing trust in the company's future development.
See More
LendingClub CFO Sells 20,000 Shares Amid Strong Performance
- Executive Stock Sale: LendingClub's CFO Andrew LaBenne sold 20,000 shares on May 28, 2026, for approximately $340,000, reflecting confidence in the company's ongoing growth trajectory.
- Ownership Impact: This transaction reduced LaBenne's direct ownership by 7.84%, yet he retains 234,955 shares valued at around $4 million, indicating his continued optimism about the company's long-term prospects.
- Trading Plan Context: The sale was executed under a pre-established Rule 10b5-1 trading plan, suggesting that this action is routine portfolio management rather than a discretionary sell-off, which alleviates market concerns regarding insider trading motives.
- Company Performance Highlights: LendingClub reported a 31% year-over-year increase in loan originations to $2.7 billion and a 16% rise in revenue to $252.3 million in Q1 2026, demonstrating positive momentum and the successful expansion into new revenue streams.
See More
LendingClub CFO Sells 20,000 Shares Amid Strong Q1 Performance
- Insider Selling: LendingClub's CFO Andrew LaBenne sold 20,000 shares on May 28, 2026, for approximately $340,000 at $17 per share, representing 7.84% of his direct holdings, indicating a notable insider transaction.
- Trading Plan Context: The sale was executed under a Rule 10b5-1 trading plan, designed to prevent accusations of insider trading, and LaBenne retains over 200,000 shares, reflecting his ongoing confidence in the company's prospects.
- Strong Q1 Performance: LendingClub reported a robust Q1 with loan originations increasing by 31% year-over-year to $2.7 billion and revenue rising 16% to $252.3 million, highlighting the company's growth trajectory in digital financial services.
- Strategic Shift: The company plans to rebrand as Happen Bank and has begun underwriting home improvement loans, creating new revenue streams, which signifies a strategic pivot aimed at adapting to market demands and enhancing competitiveness.
See More
