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FBR Capital Weighs In on Today’s Winner: On Deck Capital Inc (ONDK)

In a research report released today, FBR Capital analyst Bob Ramsey reiterated an Outperform rating on shares of On Deck Capital Inc (NYSE:ONDK), with a price target of $14, after the company announced a new partnership with JPMorgan. As part of the partnership, OnDeck will offer small-dollar loan products for JPMorgan’s small-business customers. On Deck shares reacted to the news, rising 28.75% to $11.60 on heavy volume, making it the top winner today.

Ramsey commented, “We believe that JPM’s decisions to (1) work with an...