Upstart Stock Rises as Loan Volume Outgrows Its Margins
Upstart Holdings NASDAQ:UPST rose 5.44% intraday after the AI lending marketplace, which routes borrowers to more than 100 banks and credit unions, reported second-quarter originations of $4.23 billion, up 50% from a year earlier. Total revenue reached $364.7 million, up 42% and past the $352.3 mil…