Financial Sector Performance - The S&P 500 Financials Sector index has delivered a total return of 25% over the past year, outperforming the S&P 500 index's gain of 20% [1][2] Upstart Holdings (UPST) - Upstart's stock is down 83% from its all-time high, despite posting strong Q2 results with earnings per share of $0.05 on sales of $257 million, exceeding analyst estimates [4][5] - Revenue increased by approximately 101% year-over-year, with loans originated up 159% to 372,599 [5] - The company achieved its first quarter of profitability in years, despite an operating loss of $4.5 million, which is an improvement from a $55.5 million loss in the same quarter last year [6] - Management's comments on inflation and competitive intensity led to a sell-off, but guidance suggests sales could increase by roughly 66% annually this year [7][9] Nu Holdings (NU) - Nu Holdings, a digital bank in Brazil, has about 60% of the adult population on its platform, with 85% of this group being active users [10][11] - The company holds only about 5% of the market share of gross profit, indicating significant growth potential through cross-selling and upselling [11] - In Mexico, customer count increased by 70% over the past year, with deposits more than doubling to $5 billion and revenue nearly doubling to $245 million [12] - Nu's cost to serve remains below $1, while average revenue per active customer has increased, reaching $25 for longtime customers compared to $40 for traditional banks [13] - The stock is down 23% from its high due to economic volatility in Brazil and the sale by Berkshire Hathaway, but continued high growth is expected to drive the stock higher over time [14]

Upstart (UPST) Q2 2025 Earnings Call August 05, 2025 04:30 PM ET Company ParticipantsSonya Banerjee - VP & Head of Investor RelationsDave Girouard - Co-Founder & CEOPaul Gu - Co-Founder & Chief Technology OfficerSanjay Datta - Chief Financial OfficerPeter Christiansen - DirectorRamsey El-Assal - Managing DirectorSimon Clinch - MD - Financials ResearchReggie Smith - ED - Equity ResearchJames Faucette - Managing DirectorKyle Joseph - Managing DirectorJohn Hecht - Managing DirectorConference Call ParticipantsD ...