SeeThruEquity recently issued an update and a price target of $10.50 on shares of IEG Holdings (OTCQX: IEGH). The company reported record revenues of $2.1 million for the full year 2016, a year-over-year increase of 16.3% driven by strong loan volume growth. The SeeThruEquity analyst cited the key factors driving loan growth, including low acquisition costs and continued expansion of state licenses. IEG has outlined a target of expanding to 25 states and covering 75% of the population in 2017.
For more information, visit www.investmentevolution.com
About IEG Holdings Corporation
IEG Holdings Corporation provides online unsecured consumer loans under the brand name, “Mr. Amazing Loans,” via its website, www.mramazingloans.com, in 19 US states. IEG Holdings offers $5,000 and $10,000 loans over a term of five years at a 19.9% to 29.9% APR. The company plans future expansion to 25 US states in 2017.
NetworkNewsBreak (NNB) provides a rapid summary of corporate news that caught the attention of NetworkNewsWire (NNW). NNB keeps you up-to-date on active US Public Companies complementary to NNW’s broader scope as a provider of news aggregation and syndication, enhanced press release services and a full array of social communication solutions. As a multifaceted financial news and distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer