BTIG Affirms On Deck Capital (ONDK) at 'Neutral'; Mix-Shift Seen as Continual Headwind
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OnDeck Reports Second Quarter 2016 Financial Results
August 8, 2016 4:16 PM EDTNEW YORK, Aug. 8, 2016 /PRNewswire/ -- OnDeck® (NYSE: ONDK), the leader in online lending for small business, today announced second quarter 2016 financial results highlighted by strong credit performance and record levels of Loans Under Management, Originations and gross revenue. For the three months ended June 30, 2016, OnDeck increased Loans Under Management by 47% year-over-year to $1 billion, grew Originations 41% to $590 million, and increased gross revenue by 10% to $69.5 million.
"Our leadership position and diversified funding model enabled us to produce solid results this quarter," said Noah... More
