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Why Shares of GreenSky Popped Today

TheMotleyFool

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Why Shares of GreenSky Popped TodayPhoto, wide shot, wide-angle lens, Hedge fund, neutral atmosphere, photo by Charlie Waite: https://img.theapi.app/temp/95282efd-f725-49c0-be40-aa74627f7ccc.png

Shares of GreenSky (NASDAQ: GSKY) jumped on Thursday after the fintech company announced a new forward flow arrangement and extensions of agreements with existing bank partners. The stock was up 10.7% at 12:20 p.m. EST.

GreenSky, which connects borrowers with lenders, has reached an agreement in principle for a three-year, $6 billion forward flow arrangement with an institutional asset manager. The pricing for the deal "closely approximates our current Bank Partner economics," according to CEO David Zalik.

Image source: Getty Images.

Source Fool.com

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