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fintech stocks surge on strong earnings amid market rally

Fintechs Upstart and Toast surged following strong earnings reports, with Upstart's stock jumping 46% and Toast rising 14%. Upstart's revenue increased 20% to $162 million, while Toast's adjusted earnings forecast exceeded expectations. Meanwhile, Coinbase shares soared 48% amid a favorable political climate for crypto, while Robinhood rose 27%. However, Block's stock fell slightly after disappointing revenue results.
CNBC
Upstart Holdings, Inc. Robinhood Markets, Inc. Toast, Inc. Block Inc. Coinbase Global, Inc. USA Gary Gensler Chris Comparato Jack Dorsey David Girouard Show more
Finance & Economy, Market Report
02:42 09.11.2024
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