And so, financials are really, I think, at the center of the economic outlook. So I think right now the whole market is focused on the macro outlook, what's going to happen with the economy as a result of tighter financial conditions and higher interest rates.Īnd so that's creating a lot of gyrations through not just equities but all risk assets and all market prices. But on the other hand, if it's coming with a recession, maybe not.ĭEVIN RYAN: Exactly. Because yes, rates going higher, traditionally seen as a good thing. So give us the big picture here as we look at what's going on with financials. Devin, it's always good to catch up with you. In other words, there's a lot going on when it comes to the financials.ĭevin Ryan is with us now, director of fintech research at JMP Securities, a Citizens company. On the flip side, fintechs seeing a- brokerages really, seeing a reprieve in the SEC's decision not to ban payment for order flow.
DEVIN RYAN JMP UPDATE
LendingClub does not assume any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.Banks this week were taken to task during a Senate Banking Committee hearing over their use of Zelle and their co-ownership of that service. Actual results or events could differ materially from the plans, intentions and expectations disclosed in forward-looking statements. LendingClub may not actually achieve the plans, intentions or expectations disclosed in forward-looking statements, and you should not place undue reliance on forward-looking statements. Factors that could cause actual results to differ materially from those contemplated by these forward-looking statements include those factors set forth in the section titled "Risk Factors" in LendingClub's most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q, each as filed with the Securities and Exchange Commission, as well as in LendingClub's future filings made with the Securities and Exchange Commission. Some of the statements made during the event, including statements regarding LendingClub's planned or projected product offerings, performance and strategy, will be "forward-looking statements." The words "anticipate," "believe," "estimate," "expect," "intend," "may," "outlook," "plan," "predict," "project," "will," "would" and similar expressions may identify forward-looking statements, although not all forward-looking statements contain these identifying words. For more information about LendingClub, visit. Since 2007, more than 3.5 million members have joined the Club to help reach their financial goals. Members can gain access to a broad range of financial products and services through a technology-driven platform, designed to help them pay less when borrowing and earn more when saving. LendingClub Bank is the leading digital marketplace bank in the U.S. LendingClub Corporation (NYSE: LC) is the parent company of LendingClub Bank, National Association, Member FDIC.
DEVIN RYAN JMP ARCHIVE
Registration is required.Īn archive of the call will be available at under the News & Market Data menu in Events & Presentations. The panel will explore the evolution of artificial intelligence within financial technology, improvement in data collection through aggregators, new means of offering more customized and optimized financial recommendations, and the ways in which these changes are important for companies and their end consumers.Ī live webcast of the call will be available at. Momen will also join JMP analyst Devin Ryan on a panel entitled, " The Connected Financial Life" at 2:00 pm ET.
2, 2021 /PRNewswire/ - LendingClub Corporation (NYSE: LC), the parent company of LendingClub Bank, America's leading digital marketplace bank, announced that its Chief Financial Officer Tom Casey and its Chief Consumer Banking Officer Ronnie Momen will participate at the JMP Securities Fintech Forum on September 10.
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