Peer To Peer Lender Orchard Versus LendingClub

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.   Like LendingClub, Orchard matches lenders hungry for higher yields with borrowers that Bove describes as being “high in need.” …