Welcome to our dedicated page for Lendingtree news (Ticker: TREE), a resource for investors and traders seeking the latest updates and insights on Lendingtree stock.
LendingTree, Inc. operates LendingTree.com, an online financial services marketplace that connects U.S. consumers with offers for loans, credit cards, insurance and related financial products through a network of financial partners. Its business is reported through Home, Consumer and Insurance segments, with revenue tied to marketplace referrals, partner demand and completed financial-product transactions.
Company news commonly covers quarterly results, variable marketing margin, adjusted EBITDA, segment performance and the role of the Insurance marketplace in revenue growth. Updates also address mortgage and housing policy, consumer-permissioned lead generation, home equity activity, credit-product demand, leadership appointments and governance changes affecting the company’s marketplace operations.
Summary not available.
On October 21, 2020, QuoteWizard, a LendingTree company, released its 5th annual Best and Worst Drivers by State report, analyzing over 2 million insurance quotes to determine state rankings based on driving incidents. Wyoming, Virginia, and Colorado were identified as the states with the worst drivers, while West Virginia, Missouri, and Michigan topped the list for the best drivers. The rankings were derived from a composite score based on accident rates, speeding tickets, DUIs, and citations.
LendingTree, Inc. (NASDAQ: TREE) will release its fiscal third quarter 2020 results on November 5, 2020, at 7:00 a.m. ET. A shareholder letter will be posted on their website. The company will host a conference call at 9:00 a.m. ET on the same day, which will also be webcast. Interested participants can dial in five minutes prior. Replay of the call will be available from 12:00 p.m. ET on November 5 until 12:00 p.m. ET on November 13. For more details, visit investors.lendingtree.com.
LendingTree surveyed over 1,000 U.S. consumers in early October 2020, revealing key insights into holiday shopping trends amid the COVID-19 pandemic. Notably, 25% of consumers have completed their holiday shopping already, with 44% of parents with children under 18 doing the same. However, 31% expect to incur debt this holiday season, particularly 55% of parents and 47% of those laid off or furloughed. Additionally, 59% of parents plan to spend more this year, while 22% of shoppers will purchase gifts online.
Summary not available.
Summary not available.
The recent LendingTree survey reveals significant changes in grocery shopping habits due to the pandemic. Average weekly grocery spending surged by 17%, rising from $163 to $190.
Approximately 31% of consumers report frequently overspending, with men notably overspending more than women. Despite going to stores less often, 63% of consumers now order food delivery weekly, particularly Gen X at 86%.
This increased spending amounts to around $100 more monthly, impacting household budgets during the ongoing crisis.
Summary not available.
The latest report from CompareCards reveals that 57% of credit cardholders feel better off financially today than anticipated at the pandemic's start, with only 16% disagreeing. Key factors include job stability and government assistance, with 30% citing job security as a reason for financial improvement. However, disparities exist based on gender and political affiliation, with 72% of men feeling better off compared to 40% of women. The report highlights a need for broader economic support across diverse demographics.
CHARLOTTE, N.C., Sept. 30, 2020 /PRNewswire/ -- A new LendingTree survey reveals that 74% of small business owners have taken on debt due to COVID-19 disruptions, with 37% resorting to credit cards and 28% borrowing from family. Only 10% of those who received Paycheck Protection Program funding found it fully alleviating their financial troubles. 43% report more than 51%% revenue decline. While 13% have resumed operations completely, 62% say PPP funds helped somewhat, indicating ongoing struggles for many small businesses.