Top Building Product Stocks For 2016: LendingClub Corp (LC)
LendingClub Corporation, incorporated on October 2, 2006, provides online marketplace connecting borrowers and investors. The Company operates an online market that connects borrowers looking for loans with individuals with the money to fund them. It lends money to help consumers pay off credit-card bills, consolidate debt and take vacations. Its platform enables customers in investing in and obtaining personal loans by providing financial data and credit information.
The Company provides search algorithm, credit decisioning, a secondary market, and a choice of loan durations. The Company serves the professional fixed income investors, such as family offices and insurance companies.
Advisors' Opinion:- [By Rana Pritanjali]
Lending Club's (NYSE: LC ) stock is up a stellar 66% since the company went public in December. The peer-to-peer lending specialist offers an alternative to the traditional banking system with an online platform for borrowers and lenders. It has a leading 40% share of the peer-to-peer lending market, far outstripping No. 2 player Prosper.com and its 8% market share.
source from Top Stocks For 2015:http://www.topstocksblog.com/top-building-product-stocks-for-2016.html
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