$UPST

American Banker reports the CFPB has submitted a new open-banking rule proposal to the White House OIRA, which would replace the Biden-era rule finalized in late 2024. Dorsey & Whitney expects the Trump administration could allow banks to charge fees. The paper also covers Federal Reserve proposals for mutual banks to raise capital, and updates on Global Payments’ AI POS platform, and Upstart’s plan to originate loans via a planned bank in 2027.

Upstart Holdings said it plans to move most or all loan originations to Upstart Bank, targeting a launch in early 2027, pending federal deposit insurance and Federal Reserve approval. Upstart paid originating banks $11.2 million in premium and trailing fees in H1 2025. It would not owe those fees on loans its own bank originates. Upstart shares closed $30.32 Tuesday.

Upstart (UPST) shares rose after the AI loan origination platform reported Q2 results. The stock was up 6.6% at 10:22 a.m. ET. Originations rose 50% to $4.2B and loans originated rose 50% to 558,014. Revenue increased 42% to $364.7M, above estimates, and adjusted EBITDA rose 45% to $76.9M. Full-year guidance was maintained.

Upstart Holdings (UPST) reported upbeat Q2 results, with EPS of 16 cents and revenue of $364.71 million, above the $351.52 million Street estimate, according to Benzinga Pro. The company affirmed FY2026 sales guidance of $1.400 billion. After the report, analysts raised price targets: Piper Sandler to $51 and Needham to $42.

Upstart Holdings (UPST) reported adjusted EPS of 56 cents vs. 53 cents expected. Revenue rose to $364.7 million, up 42% Y/Y and 18% Q/Q, beating $351.5 million estimates, driven by higher loan originations and fee revenue of $348 million. FY2026 guidance was reaffirmed: revenue $1.4 billion, fee revenue about $1.3 billion, adjusted EBITDA about $294 million.

Upstart (UPST) shares rose about 7% after hours after the company said CTO Paul Gu will replace CEO Dave Girouard on May 1, 2026, with Girouard staying as executive chairman. Upstart reported Q4 revenue of $296M, up 35% year over year, above estimates. It forecast 2026 revenue of $1.4B and fee revenue near $1.3B.

Upstart shares rose about 12.2% in pre-open trading after the company reported Q2 results. According to Upstart, revenue was $364.7M (about 5% above estimates), loan originations were $4.2B (+50% YoY), contribution profit was $193M (55% margin), and adjusted EBITDA was $77M. Adjusted EPS was $0.16, below $0.18, and 2026 revenue guidance was $1.4B vs $1.42B consensus.

Upstart Holdings reported Q2 2026 revenue of $364.7 million, up 42% year over year, versus a $347.2 million consensus estimate, and net income of $16.5 million. Originations rose to $4.23 billion (+50% YoY). The company said 91% of loans were fully automated. Shares rose 13% after hours, and it announced loan purchase agreements and conditional approval to form Upstart Bank, N.A.

Upstart (NASDAQ:UPST) reported Q2 contribution profit of $193 million, up 37% year over year, with contribution margin at 55%. GAAP net income was about $17 million and diluted EPS $0.16. Secured-products contribution margin improved to -35% and management expects breakeven by Q4. The company reiterated 2026 outlook: ~$1.4B revenue, $294M adjusted EBITDA, assuming UMI ~1.50.

Upstart Holdings (UPST) shares rose over 11% after the company reported Q2 results. Revenue was $365 million, up 42% year over year, and loan originations were $4.2 billion, up 50% with 558,014 loans. Net income rose to $16.5 million. Upstart reaffirmed 2026 guidance of about $1.4 billion revenue and $294 million adjusted EBITDA.