Reported 1 day ago
Upstart Holdings (UPST) experienced a decline of 9.43% to $62.42 following the market debut of competitor Klarna Group PLC, which soared by 14.55%. This drop interrupted Upstart's four-day winning streak and raised concerns about increased competition in the lending industry. While Upstart's total revenues more than doubled year-on-year, its net interest income fell by 13.77% in Q2.
Source: YAHOO