Shares of LendingClub Corp (NYSE:LC) ended Monday session in red amid volatile trading. The shares closed down -0.24 points or 3.73% at $6.19 with 15.20 million shares getting traded. Post opening the session at $6.50, the shares hit an intraday low of $6.08 and an intraday high of $6.58 and the price vacillated in this range throughout the day. The company has a market cap of $2.52 billion and the numbers of outstanding shares have been calculated to be 391.15 million shares.
LendingClub Corp (LC) on Aug. 24, 2016 announced two new additions to its Investor Group. Valerie Kay will join Lending Club as Senior Vice President, Head of Institutional Investors and Raman Suri will join as Senior Vice President, Head of Retail Investors. They will report to Patrick Dunne, Chief Capital Officer, who joined Lending Club in July after a 25-year career at BlackRock and other investment firms.
“A key strength of Lending Club’s marketplace lies in the diversity of our capital, including the largest retail investor base of any marketplace lender and a broad institutional investor base spanning banks, dedicated funds, asset managers and pension funds. Valerie and Raman will play important roles in helping our marketplace achieve its full potential in terms of scale and resiliency,” said Scott Sanborn, CEO and President of Lending Club.
Ms. Kay, a former executive at Morgan Stanley and Prudential Securities, brings more than 25 years of capital markets experience across a broad range of consumer asset classes. She will be responsible for institutional capital management on Lending Club’s platform.
“Lending Club’s marketplace has transformed access to consumer credit, delivering a high-quality asset with solid returns to investors, and I’m thrilled for this opportunity to join a talented team and further build the institutional investor strategy,” Ms. Kay said.
Shares of JPMorgan Chase & Co. (NYSE:JPM) ended Monday session in green amid volatile trading. The shares closed up +0.37 points or 0.56% at $66.19 with 13.47 million shares getting traded. Post opening the session at $66.15, the shares hit an intraday low of $65.85 and an intraday high of $66.64 and the price vacillated in this range throughout the day. The company has a market cap of $236.14 billion and the numbers of outstanding shares have been calculated to be 3.61 billion shares.
Kevin Watters, Chief Executive Officer of Card Services at JPMorgan Chase & Co., will present at the BancAnalysts Association of Boston Conference at The Langham Hotel in Boston, MA on Thursday, November 3, 2016, at 8:55 a.m. (Eastern).
A live audio webcast will be available on the day of the conference at www.jpmorganchase.com under Investor Relations, Events & Presentations.