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Peer To Peer Lender Orchard Versus LendingClub

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Mark Melin
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As concept of peer to peer lending grows, Bove looks to identify a new banking model superstar

Rafferty Capital Markets Vice President Dick Bove apparently has a love / hate relationship with the peer to peer lending market.

On Friday, Bove issued a research report lauding the peer to peer market and pointed out a specific up and coming company, Orchard Platform Advisors.  This past October, however, Bove sounded a harsh tone on the pending initial public offering of LendingClub.

Peer To Peer Lender Orchard Versus LendingClub
Source: Pixabay

 

Like LendingClub, Orchard matches lenders hungry for higher yields...

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Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.