Fintechs Upstart and Toast soar on earnings

Chris Comparato, CEO, the Toast, Inc. IPO at the New York Stock Exchange, on September 22, 2021.Upstart, which uses artificial intelligence to inform online lending decisions, soared 46% on Friday, its best day in over three years. Toast, which sells payments technology to restaurants, jumped 14%, closing at its highest since 2021. Both companies reported better-than-expected results, sparking the rallies. Upstart's revenue jumped 20% in the third quarter to $162 million, easily beating analyst estimates. C ...