Upstart Stock Pops After The Close: Here’s Why

Upstart Holdings Inc (NASDAQ:UPST) shares are moving higher in Tuesday’s after-hours session after the company announced plans to apply for a national bank charter.

• Upstart Holdings stock is showing upward bias. Where are UPST shares going?

Upstart To Apply For National Bank Charter

After the market close on Tuesday, Upstart said it plans to submit an application to the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) to establish an insured national bank. The company also plans to apply for Federal Reserve approval, …

Full story available on Benzinga.com