91% of Upstart's Loans Were Fully Automated Last Quarter. No Bank Can Underwrite That Cheaply.
Is the AI lender starting to turn the corner?
Overview
Upstart (NASDAQ: UPST) has had its share of ups and downs since the fintech went public in late 2020. The company, which uses artificial intelligence (AI) to process loan requests, is currently in a downward trend, with the stock price sliding about 31% year to date.
But there are some promising trends, illuminated in its recent second-quarter earnings, that bear watching. Let's look at them.
Image source: Getty Images.
Details
Source
Originally published at www.fool.com.
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