Using AI to make credit decisi

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egbloper
2021-08-12

Using AI to make credit decisions is the way forward. They will either get acquired or grow massively

Here's Why Upstart Is Soaring Today

The company's investors just got some good news.

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They will either get acquired&nbsp;or grow massively&nbsp;</p></body></html>","htmlText":"<html><head></head><body><p>Using AI to make credit decisions is the way forward. They will either get acquired&nbsp;or grow massively&nbsp;</p></body></html>","text":"Using AI to make credit decisions is the way forward. They will either get acquired or grow massively","highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/895974648","repostId":2158428030,"repostType":4,"repost":{"id":"2158428030","kind":"highlight","pubTimestamp":1628693820,"share":"https://www.laohu8.com/m/news/2158428030?lang=&edition=full","pubTime":"2021-08-11 22:57","market":"us","language":"en","title":"Here's Why Upstart Is Soaring Today","url":"https://stock-news.laohu8.com/highlight/detail?id=2158428030","media":"Motley Fool","summary":"The company's investors just got some good news.","content":"<h2>What happened</h2>\n<p>Fintech company <b>Upstart Holdings</b> (NASDAQ:UPST), which provides an artificial intelligence-powered lending platform to help banks make smarter decisions, reported its second-quarter results Tuesday afternoon. And it would be fair to say investors are impressed with the results.</p>\n<p>As of 10 a.m. EDT Wednesday, Upstart was higher by about 25%, handily outpacing the major market averages.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/66389901c94ca1c4102b608e6a739a0a\" tg-width=\"700\" tg-height=\"466\" width=\"100%\" height=\"auto\"><span>Image source: Getty Images.</span></p>\n<h2>So what</h2>\n<p>To put it mildly, Upstart shattered the market's expectations. The company posted revenue of $194 million for the quarter, more than <i>10 times</i> what it produced in the pandemic-stricken second quarter of 2020 and well ahead of the $158 million analysts had been looking for. And unlike many fintechs, Upstart is quite profitable. For the quarter, Upstart earned $0.62 per share, more than doubling the $0.25 expected by analysts.</p>\n<p>Going beyond the headline numbers, it's even more impressive. Upstart's bank partners originated $2.8 billion of loans on the platform, a 62% quarter-over-quarter increase.</p>\n<h2>Now what</h2>\n<p>Upstart also increased its guidance, which is likely fueling today's move just as much as the second-quarter numbers. The company now expects third-quarter revenue of $205 million to $215 million, while analysts had been expecting about $162 million.</p>\n<p>For the full year, Upstart now expects about $750 million in revenue, a significant bump from the previous guidance of $600 million. Plus, Upstart's adjusted EBITDA margin is now forecast to be about 17% as opposed to the 10% the company had previously been guiding for.</p>\n<p>The bottom line is that Upstart's second-quarter earnings was an absolute <i>blowout </i>in pretty much every possible way. The company's AI-powered lending platform is catching on quickly, and if the company can keep this momentum alive, things could get very interesting.</p>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Here's Why Upstart Is Soaring Today</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHere's Why Upstart Is Soaring Today\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-11 22:57 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/08/11/heres-why-upstart-is-soaring-today/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>What happened\nFintech company Upstart Holdings (NASDAQ:UPST), which provides an artificial intelligence-powered lending platform to help banks make smarter decisions, reported its second-quarter ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/08/11/heres-why-upstart-is-soaring-today/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"UPST":"Upstart Holdings, Inc."},"source_url":"https://www.fool.com/investing/2021/08/11/heres-why-upstart-is-soaring-today/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2158428030","content_text":"What happened\nFintech company Upstart Holdings (NASDAQ:UPST), which provides an artificial intelligence-powered lending platform to help banks make smarter decisions, reported its second-quarter results Tuesday afternoon. And it would be fair to say investors are impressed with the results.\nAs of 10 a.m. EDT Wednesday, Upstart was higher by about 25%, handily outpacing the major market averages.\nImage source: Getty Images.\nSo what\nTo put it mildly, Upstart shattered the market's expectations. The company posted revenue of $194 million for the quarter, more than 10 times what it produced in the pandemic-stricken second quarter of 2020 and well ahead of the $158 million analysts had been looking for. And unlike many fintechs, Upstart is quite profitable. For the quarter, Upstart earned $0.62 per share, more than doubling the $0.25 expected by analysts.\nGoing beyond the headline numbers, it's even more impressive. Upstart's bank partners originated $2.8 billion of loans on the platform, a 62% quarter-over-quarter increase.\nNow what\nUpstart also increased its guidance, which is likely fueling today's move just as much as the second-quarter numbers. The company now expects third-quarter revenue of $205 million to $215 million, while analysts had been expecting about $162 million.\nFor the full year, Upstart now expects about $750 million in revenue, a significant bump from the previous guidance of $600 million. Plus, Upstart's adjusted EBITDA margin is now forecast to be about 17% as opposed to the 10% the company had previously been guiding for.\nThe bottom line is that Upstart's second-quarter earnings was an absolute blowout in pretty much every possible way. The company's AI-powered lending platform is catching on quickly, and if the company can keep this momentum alive, things could get very interesting.","news_type":1},"isVote":1,"tweetType":1,"viewCount":433,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":84,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}