Lendingtree Inc Stock Price, News & Analysis

This week marks the start of the official NFL season, with full-capacity stadiums allowing fans to return to in-person events. A survey by LendingTree reveals that 67% of Americans plan to spend money on football season-related items, such as food and drinks (26%) and streaming services (22%). Notably, 51% hope to attend live games, with an expected $1,000+ expenditure from 27% of fans. However, 25% may incur credit card debt due to these expenses. This season reflects a pent-up desire for social engagement after last year's restrictions.

LendingTree conducted a survey revealing that over 40% of Americans cried about their financial situations during the COVID-19 pandemic. The primary cause was job or income loss (42%), followed by affordability concerns (33%) and debt issues (31%). Notably, women (55%) were more likely than men (29%) to cry about money. However, some consumers reported 'happy cries' due to stimulus checks (26%) and paused student loan payments (9%). The survey, conducted with 2,050 participants, highlights the emotional toll of the pandemic on financial well-being.

LendingTree's 2021 Back-to-School Shopping Survey reveals significant financial challenges for families. 33% of parents with school-age children expect to incur debt, up from 26% in 2019. The average back-to-school expenditure is projected at $498, with 29% struggling to afford necessary supplies. Hybrid learning is particularly costly, averaging $775, leading 42% to anticipate debt. Additionally, 35% of parents face higher costs due to pandemic-related supply list changes. 63% of parents do not plan to use credit for these purchases, missing potential rewards.

DepositAccounts.com, a subsidiary of LendingTree, published its 2021 list of the Top 200 Healthiest Banks and Credit Unions in America. Evaluating criteria include capitalization, deposit growth, and loan-to-reserve ratios. The report aims to help consumers assess their financial institutions effectively. Founded in 2010, DepositAccounts.com has established itself as a leading resource for banking health metrics. For a complete listing, please visit the official site.

LendingTree has launched a weekly cash giveaway of $1,000 for users who link their bank accounts to their platform, running from August 2 to August 28, 2021. This initiative aims to help consumers understand their finances by providing a holistic view of their financial picture, including budgets, spending habits, and credit scores. Users can connect accounts from over 11,000 financial institutions. LendingTree emphasizes data protection through encryption and secure technology for user safety.

LendingTree, Inc. (NASDAQ: TREE) reported strong Q2 2021 results, revealing a 47% year-over-year increase in total revenue to $270 million. The Consumer segment surged by 104%, greatly influenced by growth in credit card and personal loans. The Home segment generated $104.9 million in revenue, up 42%, while Insurance revenues rose 22% to $89.3 million. The company anticipates continued momentum into Q3 with expected revenues between $285-$298 million. Notably, net income soared to $9.8 million, a 214% increase from the previous year, highlighting a substantial recovery from pandemic impacts.