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Shares of LendingClub Corp (NYSE:LC) ended Friday session in green amid volatile trading. The shares closed up +0.04 points or 0.79% at $5.13 with 10.29 million shares getting traded. Post opening the session at $5.09, the shares hit an intraday low of $4.99 and an intraday high of $5.21 and the price vacillated in this range throughout the day. The company has a market cap of $1.99 billion and the numbers of outstanding shares have been calculated to be 391.15 million shares.

LendingClub Corp (LC) recently declared the launch of an auto refinance product that gives car owners a simple solution to save money on their auto loans. The product is being launched at first to California residents with plans to expand nationally in early 2017.

The new auto refinance product leverages Lending Club’s technology and expertise to assist eligible consumers save money by refinancing into more affordable loans with better rates, clear terms, and no hidden fees.

“Tens of millions of Americans borrow over half a trillion dollars every year to buy cars. The practices and processes of the auto lending industry offer consumers limited options and a lack of transparency. This has created a gap between the rates consumers pay and the rates they might otherwise qualify for, unnecessarily driving up debt burdens,” said Scott Sanborn, Lending Club’s President and Chief Executive Officer.  “We are excited to leverage our technology and core capabilities to put thousands of dollars back in consumers’ pockets.”

Shares of ICICI Bank Ltd (ADR) (NYSE:IBN) ended Friday session in red amid volatile trading. The shares closed down -0.05 points or -0.61% at $8.09 with 5.37 million shares getting traded. Post opening the session at $8.07, the shares hit an intraday low of $8.04 and an intraday high of $8.22 and the price vacillated in this range throughout the day. The company has a market cap of $23.39 billion and the numbers of outstanding shares have been calculated to be 5.82 billion shares.

ICICI Bank Ltd (ADR) (IBN) provides banking and financial services in India and internationally. It operates through Retail Banking, Wholesale Banking, Treasury, Other Banking, Life Insurance, General Insurance, and Others segments. The company offers savings, salary, pension, current, other accounts; and fixed, recurring, fixed, and security deposits. It also provides home, car, personal, gold, and commercial business loans, in addition to loans against securities and other loans; business loans, such as cash credit/overdrafts for working capital requirement, export credit, term loans, letters of credit, and bank guarantees; and credit, debit, prepaid, travel, and corporate cards.

 

 

 

 

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