Why Shares of LendingClub Are Surging for a Second Straight Day
Shares of the digital marketplace bank LendingClub (NYSE: LC) jumped more than 15% in the late morning today, following a big day of gains Friday.
The company's stock price continues to rise after several big developments last week. Along with reporting earnings, the company, which makes personal loans, laid out its much-anticipated transformation plan.
That plan comes after LendingClub earlier this year completed its acquisition of the digital bank Radius Bank.
Source Fool.com
