Lending Club (LC) - Diamond in the rough
Lending Club - absolute monster growth potential.
5 reasons why LC should be on your radar:
1. We are out of a long term falling wedge. Technical breakout is making it interesting.
2. Lending Club just bought Radius Bank which is an online bank. Virtual wallets is a 2021 trend that is shaking up traditional banking model. Mobile phone is now your bank branch. This move is clearly showing that LC is moving in this space.
3. All-in-one service. You can borrow, lend, bank, etc. through the new model that they are working on.
4. ARK and a number of other ETFs have stake in LC.
5. Anti institutional movement will drive customers to LC since LC skips the banker and promotes peer-to-peer transactions.
In my opinion it is a FinTech company that has a chance to disrupt banking sector. I dont think it will have a massive market share but it will serve a niche market. I like niches and this one has everything going for it as long as they can attract the consumer.
Copy paste from their PR release:
SAN FRANCISCO, Feb. 18, 2020 /PRNewswire/— LendingClub Corporation (NYSE:LC), America’s largest online lending marketplace connecting borrowers and investors, today announced that it has signed a definitive agreement to acquire Radius Bancorp, and its wholly owned subsidiary Radius Bank, (together “Radius”) recently voted the nation’s best online bank1 in a cash and stock transaction valued at $185 million. Combining Radius and LendingClub will create a digitally native marketplace bank at scale with the power to deliver an integrated customer experience, enabling consumers to both pay less when borrowing and earn more when saving.
5 reasons why LC should be on your radar:
1. We are out of a long term falling wedge. Technical breakout is making it interesting.
2. Lending Club just bought Radius Bank which is an online bank. Virtual wallets is a 2021 trend that is shaking up traditional banking model. Mobile phone is now your bank branch. This move is clearly showing that LC is moving in this space.
3. All-in-one service. You can borrow, lend, bank, etc. through the new model that they are working on.
4. ARK and a number of other ETFs have stake in LC.
5. Anti institutional movement will drive customers to LC since LC skips the banker and promotes peer-to-peer transactions.
In my opinion it is a FinTech company that has a chance to disrupt banking sector. I dont think it will have a massive market share but it will serve a niche market. I like niches and this one has everything going for it as long as they can attract the consumer.
Copy paste from their PR release:
SAN FRANCISCO, Feb. 18, 2020 /PRNewswire/— LendingClub Corporation (NYSE:LC), America’s largest online lending marketplace connecting borrowers and investors, today announced that it has signed a definitive agreement to acquire Radius Bancorp, and its wholly owned subsidiary Radius Bank, (together “Radius”) recently voted the nation’s best online bank1 in a cash and stock transaction valued at $185 million. Combining Radius and LendingClub will create a digitally native marketplace bank at scale with the power to deliver an integrated customer experience, enabling consumers to both pay less when borrowing and earn more when saving.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.