|Bid||7.05 x 3200|
|Ask||8.21 x 40700|
|Day's Range||7.32 - 7.59|
|52 Week Range||4.11 - 9.41|
|PE Ratio (TTM)||120.49|
|Earnings Date||Nov 5, 2018 - Nov 9, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||8.80|
LendingClub (LC) is a leader in the P2P (peer-to-peer) lending market, meaning that it’s well-positioned to capitalize on the strong demand for P2P loans. The global P2P lending market is expanding at a rate of 48.2% annually and is on track to hit $897.9 billion by 2024, according to Transparency Market Research. LendingClub operates an online platform that brings borrowers and lenders together.
- Record volume by a non-bank online small business lending platform. - OnDeck is the world's largest non-bank online small business lending platform. - Federal Reserve says small businesses are turning ...
Visa (V) is making efforts to stay ahead in the payment industry, which is experiencing tremendous growth. The sector is witnessing a rapid shift in the mode of payments. It is anticipated that with continuously evolving technology and increasing mobile and Internet penetration, the industry will see further changes in payment modes.
NEW YORK, Sept. 05, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of ...
NEW YORK, Aug. 29, 2018 /PRNewswire/ -- OnDeck® (ONDK), the leader in online lending to small business, today announced that Dressed In Time, a pageant, prom and wedding store in Greenfield, Wisconsin has been selected as the OnDeck Small Business of the Month for August, 2018. The store is the first small business in the State of Wisconsin to earn the OnDeck customer spotlight award. Sue Kolupar is the owner of Dressed in Time and her small business success story began in the early 2000's. Back then, Sue had a busy job at a Milwaukee-area medical practice and one of her daughters was in a local dance group.
On Deck Capital Inc (NYSE: ONDK ) is shaping up to be an attractive alternative lender and Wall Street has been slow to react, according to B. Riley FBR. The Analyst Analyst Scott Buck initiated coverage ...
NEW YORK, Aug. 16, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of LGI ...
Financial technology companies that lend online are sounding a cautious note on a U.S. banking regulator's plan to offer them special federal charters because of concerns over legal challenges and requirements that are more onerous than expected. The Office of the Comptroller of the Currency said last month it would accept applications for banking licenses from the likes of LendingClub (LC.N) and OnDeck Capital Inc (ONDK.N), online lenders that do business outside the traditional banking system. Fintech executives lobbied for the license and applauded the OCC's decision, but they are not immediately rushing in, they told Reuters.
NEW YORK, Aug. 8, 2018 /PRNewswire/ -- OnDeck® (ONDK), the leader in online lending for small business, announced today the closing of a $175 million asset-backed revolving credit facility consisting of funds provided by Liberty Mutual Insurance Company and certain of its affiliates, as well as funds managed by affiliates of Ares Management L.P. (ARES). The new facility will be utilized to finance OnDeck's line of credit portfolio and may also be used to finance the company's term loans.
On Deck Capital (ONDK) delivered earnings and revenue surprises of 116.67% and 8.01%, respectively, for the quarter ended June 2018. Do the numbers hold clues to what lies ahead for the stock?
OnDeck Capital Inc topped second-quarter profit estimates on Tuesday, as the online lender gave out more loans and earned more from higher interest rates. On an adjusted basis, the company earned 13 cents per share in the second quarter, blowing past the average analysts' estimate of 5 cents, according to Thomson Reuters I/B/E/S. "Our financial results were strong and reflect continued progress on our operating and strategic initiatives," OnDeck Chief Financial Officer Kenneth Brause said on a call with analysts.
On a per-share basis, the New York-based company said it had net income of 7 cents. Earnings, adjusted for stock option expense and to extinguish debt, were 13 cents per share. The results surpassed Wall ...
OnDeck Capital Inc on Tuesday reported a quarterly profit from a year-ago loss, as the online lender earned more from higher interest rates and rise in loan originations. New York-based OnDeck posted net ...
Net income* of $5.8 million , $0.07 per diluted share Adjusted Net income* of $10.0 million , $0.13 per diluted share Gross revenue up 10% from a year ago and 6% sequentially Raised guidance for full year ...
NEW YORK, NY / ACCESSWIRE / August 7, 2018 / On Deck Capital, Inc. (NYSE: ONDK ) will be discussing their earnings results in their Q2 Earnings Call to be held on August 7, 2018 at 8:00:00 AM Eastern Time. ...
On Deck Capital (NYSE: ONDK ) announces its next round of earnings this Tuesday. Here's Benzinga's advanced look at On Deck Capital's Q2 earnings report. Earnings and Revenue Based on management's projections, ...
Square (SQ) is set to release its second-quarter earnings results at a time when several Wall Street companies have issued notes in praise of the company and predicted a bright future for its shareholders. Credit Suisse recently upgraded its rating on Square to an “outperform” from a “neutral” and raised its price target on the stock to $81 from $44. In addition, Credit Suisse says that Square has barely scratched the surface of its addressable market.
A U.S. bank regulator said on Tuesday it would start accepting national charter applications from financial technology companies, giving so-called fintech firms a path to federal oversight for the first time. The move by the U.S. Office of the Comptroller of the Currency (OCC) will be cheered by the likes of OnDeck Capital Inc (ONDK.N), Kabbage and LendingClub Corp (LC.N) because it opens the door to operating nationwide under a single licensing and regulatory regime instead of a patchwork of state licenses. The decision came hours after the Treasury Department endorsed the approach.
NEW YORK, July 31, 2018 /PRNewswire/ -- OnDeck® (ONDK), the leader in online lending to small business, today announced that CieloIT, a Managed Services Provider (MSP) specializing in technology solutions for business, has been selected as the OnDeck Small Business of the Month for July 2018. Based in Lubbock, Texas, CieloIT was founded in 2009 by entrepreneur Imre Szenttornyay.
Research coverage has been initiated by WallStEquities.com on OneMain Holdings Inc. (NYSE: OMF), On Deck Capital Inc. (NYSE: ONDK), PagSeguro Digital Ltd (NYSE: PAGS), and PPDAI Group Inc. (NYSE: PPDF). Credit Services companies originate, acquire, and service loans to individuals and corporations.
Morgan Stanley has become the latest Wall Street brokerage to turn bullish on the financial technology sector. Morgan Stanley predicted that payment companies could grow earnings organically by an average of 15% through to 2020, up from the 11% growth registered by the sector over the past three years. Faucette believes that the overlooked fintech sector will also be lifted by “enhanced M&A potential” and an eventual rotation into stocks better equipped to compete in an uncertain economic environment.
Morgan Stanley upgraded is view of the payments industry to attractive Thursday in anticipation of a rotation into defensive sectors. Analyst James Faucette said investors are underestimating the resiliency ...
The new facility is the first for OnDeck Canada and provides the business with access to CAD25 million of committed capacity and an additional CAD25 million of capacity available at the discretion of the lenders. Since entering the Canadian online small business lending market in 2014, OnDeck has provided more than CAD180 million in financing to small businesses in Canada .