Shares of LendingClub Corp (NYSE:LC) ended Thursday session in green amid volatile trading. The shares closed up +0.06 points or 1.11% at $5.47 with 5.21 million shares getting traded. Post opening the session at $5.33, the shares hit an intraday low of $5.30 and an intraday high of $5.48 and the price vacillated in this range throughout the day. The company has a market cap of $2.16 billion and the numbers of outstanding shares have been calculated to be 391.15 million shares.
On Aug. 24, 2016 Lending Club (LC), the world’s largest online marketplace connecting borrowers and investors, 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.
Ms. Kay spent 20 years at Morgan Stanley, including 12 years as a Managing Director, where she held several leadership roles within Global Capital Markets including Deputy Head of Asset Finance, Head of Structured Asset Monetization and Head of Mortgage Finance. She was most recently part of the Institutional Securities Group where she was responsible for managing relationships with some of Morgan Stanley’s most important institutional investors.
Shares of Wells Fargo & Co (NYSE:WFC) ended Thursday session in green amid volatile trading. The shares closed up +0.13 points or 0.26% at $49.90 with 14.17 million shares getting traded. Post opening the session at $49.81, the shares hit an intraday low of $49.56 and an intraday high of $49.99 and the price vacillated in this range throughout the day. The company has a market cap of $250.66 billion and the numbers of outstanding shares have been calculated to be 5.05 billion shares.
Wells Fargo & Co (WFC) announced that members of the Company’s Global Funding and Investor Relations teams are scheduled to meet with fixed income investors in Canada starting on Monday, September 12, 2016, through Wednesday, September 14, 2016.
The Company will post the investor deck that is being used in the meetings on Monday, September 12, at 4 a.m. PT (7 a.m. ET) at the following address: