Fin Stocks Review – LendingClub Corp (LC), PrivateBancorp Inc (PVTB)
Shares of LendingClub Corp (NYSE:LC) ended Thursday session in red amid volatile trading. The shares closed down -0.12 points or -1.94% at $6.05 with 6.94 million shares getting traded. Post opening the session at $6.14, the shares hit an intraday low of $6.03 and an intraday high of $6.16 and the price vacillated in this range throughout the day. The company has a market cap of $2.37 billion and the numbers of outstanding shares have been calculated to be 391.15 million shares.
LendingClub Corp (LC) provides online marketplace to connect borrowers and investors. Consumers and small business owners borrow through Lending Club. Investors use Lending Club to earn risk-adjusted returns from an asset class that is only available on a limited basis to large institutional investors. Its technology automates aspects of operations, including the borrower application process, data gathering, credit decisioning and scoring, loan funding, investing and servicing, regulatory compliance and fraud detection. Its platform offers analytical tools and data to enable investors to make decisions and assess their portfolios. Its technology platform has allowed it to expand its offerings from personal loans to include small business loans, and to expand investor classes from individuals to institutions and create various investment vehicles. Its solution offers an online application process and provides borrowers with access to live support and online tools.
Shares of PrivateBancorp Inc (NASDAQ:PVTB) ended Thursday session in red amid volatile trading. The shares closed down -0.17 points or -0.37% at $45.25 with 360,412 shares getting traded. Post opening the session at $45.43, the shares hit an intraday low of $45.20 and an intraday high of $45.53 and the price vacillated in this range throughout the day. The company has a market cap of $3.59 billion and the numbers of outstanding shares have been calculated to be 79.46 million shares.
PrivateBancorp, Inc., through its subsidiary The PrivateBank, delivers customized business and personal financial services to middle market companies, as well as business owners, executives, entrepreneurs and families in all of the markets and communities it serves. As of June 30, 2016, the Company had 34 offices in 12 states and $18.2 billion in assets.