Upstart Holdings shares dropped 11% after a hotter-than-expected inflation report raised concerns about tighter Federal Reserve policy and higher borrowing costs. The company revised its 2026 revenue and profit outlook downward, citing increased borrower stress and rising funding costs linked to short-term Treasury yields. Competitors SoFi and Affirm also fell but less sharply due to different funding models. Upstart’s future depends on the Fed’s December rate decision and its ability to manage funding costs as it plans to open Upstart Bank in early 2027 to shift to deposit funding.
Upstart Holdings shares are down 10.67% on Pluang, trading at USD 19.88 as of Nov 11, 2026 00:21 WIB. SoFi and Affirm also declined by 4.18% and 3.67% respectively, reflecting the broader fintech sector's reaction to inflation concerns.
Upstart Holdings reported a strong third quarter with revenue increasing 34% year-over-year and fee revenue reaching an all-time high. The company’s upcoming launch of Upstart Bank should not lead investors to value it like a traditional bank, nor sh...
Upstart Holdings has seen reduced loan originations and lowered its FY2026 guidance due to elevated default risks and higher funding costs. Despite these challenges, its fee-based revenue model and significant third-party funding help mitigate capita...
