LendingClub (LC 1.70%) has decided to rebrand; soon, this incumbent fintech leader will change its name to Happen Bank.
Investors may be skeptical that a mere name change can turn a stock’s fortunes around. But when a company’s fundamentals steadily improve amid massive undervaluation, well, a name change to reflect a better business model could be just the catalyst for a higher stock price.
Today’s Change
(-1.70%) $-0.27
Current Price
$15.59
Key Data Points
Market Cap
$1.8B
Day’s Range
$15.45 – $15.72
52wk Range
$9.70 – $21.67
Volume
1.1M
Avg Vol
2.1M
Gross Margin
74.25%
Why the rebrand?
LendingClub began in 2006 as a peer-to-peer lending platform, enabling retail investors to buy high-yield loans from unsecured personal loan borrowers, underwritten by…
