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Business Insider's personal finance team compared Navy Federal Credit Union personal loans to the best personal loan companies and found it to a standard offering. Navy Federal Credit Union (NFCU) is a credit union that serves the military community and their families. Navy Federal Personal Loan Credit RequirementsNavy Federal doesn't make its minimum credit score to be eligible for a personal loan public — though in general, a higher credit score will secure you a lower rate. Navy Federal Personal Loan AlternativesNavy Federal Personal Loans vs. PenFed Personal LoansWith a range of 8.99% to 18.00%, offers a minimum loan amount than what you can get with PenFed, which as a range of 8.99% to 17.99%. Navy Federal Personal Loan FAQsWhat credit score do I need for an NFCU personal loan?

Persons: Fiona Insider’s, you'll, ber, you've, Foster, I'm, Ryan Wangman, Read, Elias Shaya, Elias, Potters Rebecca Potters, Rebecca Organizations: Navy Federal Credit, Navy Federal Credit Union, Federal Credit Union, Navy Federal, Department of Defense, Navy, Federal, National Guard, Social, Loan, Foster Care, Better, BBB, Chevron, DoD, Finance, Northwestern University, Boston Globe, Business, Banking Savings, McGill University Locations: creditworthiness, Alliant, Chevron, New York City

Happy Money Personal Loan OverviewFeaturesA Happy Money personal loan is a good option for those with good credit scores who are eligible for the lender's lowest APR. Happy Money Personal Loan Rates and TermsInterest RatesWhen borrowing with Happy Money, expect interest rates ranging between 11.72% APR and 17.99% APR. Happy Money vs. Reach FinancialBoth Reach Financial Personal Loan and Happy Money are for borrowers who are looking to consolidate their debt. Happy Money Customer Reviews and TestimonialsWhile Happy Money is an accredited business with the Better Business Bureau (BBB), is only has 1.6 out of 5 stars, based on customer reviews. Happy Money Personal Loan FAQsWhat is the minimum credit score required for a Happy Money personal loan?

Persons: you'll, Ryan Wangman, Read, Elias Shaya, Elias Organizations: Happy, Social Security, Social, Better Business Bureau, Chevron, Finance, Northwestern University, Boston Globe Locations: Maine , Massachusetts , Nebraska, Nevada, New York City

You can see the amount of aid you may receive using the Federal Student Aid Estimator. The more financial need you have, the higher likelihood you have to qualify for more financial aid. Types of financial aid you might qualify forYour financial aid package will be broken up into several parts: grants, scholarships, work-study, and loans. Work-studyWork-study is a type of financial aid that provides part-time positions for students with financial need to earn money for academic expenses. Financial aid amount through FAFSA: ConclusionThe amount of financial aid you receive can vary greatly depending on many factors.

Persons: It's, you'll, Pell, aren't, —, I'm Organizations: Federal, Aid

What is a Master Promissory Note (MPN)? A Master Promissory Note, or MPN, is a legal document that outlines the terms and conditions of your federal student loans. Note: You'll only have to fill out one Master Promissory Note for all the federal student loans you take out while you're in school, provided your enrollment is continuous. Why the MPN mattersIt's important for student loan borrowers to sign and understand an MPN for the following reasons:It's Not Optional: Required to receive federal student loans. Defaulting on a federal loan will cause you to lose eligibility to receive federal student aid.

Persons: Mark Kantrowitz, You'll, Stacey MacPhetres, Andrew Pentis Organizations: Parent PLUS, Department of Education, Bright, Borrower's, Loan, Federal, Aid Locations: Chevron

☆ These types of ETFs could prove winners in the second half
▼ + stars: | 2024-07-08 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +6 min

The best-performing exchange-traded funds in the second half will likely be decided by broader shifts in the markets and economy. Even with mounting uncertainty, however, there are some types of ETFs that could emerge as winners. Equities A handful of stocks were big winners in the first half, and some narrowly focused ETFs were able to ride that wave. Single-stock funds tied to Nvidia have also seen heavy interest, including the GraniteShares 2x Long Nvidia ETF (NVDL) . However, Hougan said he didn't think that omission would be a big hurdle for ETF investors.

Persons: Michael Arone, Arone, Jay Jacobs, Jacobs, Todd Sohn, bullish, we're, Sohn, Matt Hougan, Hougan Organizations: Federal Reserve, U.S, SPDR, State Street Global Advisors, Nvidia, Microsoft, NYSE Technology, iShares, Digital Infrastructure, Real, U.S . Tech, Blackstone Senior Loan, Loan Fund, New, Bitwise Asset Management, ETH Locations: U.S

A Master Promissory Note, or MPN, is a legal document that outlines the terms and conditions of your federal student loans. Promissory notes are used for all types of loans, like auto loans, mortgages, and personal loans, though an MPN is a special type of promissory note used exclusively for federal student loans. Why the MPN mattersIt's important for student loan borrowers to sign and understand an MPN for the following reasons:It's Not Optional: Required to receive federal student loans. In general, you'll default on most federal student loans if you have not made a payment in more than 270 days. Ryan Wangman, CEPF Loans Reporter Ryan Wangman was a reporter at Personal Finance Insider reporting on personal loans, student loans, student loan refinancing, debt consolidation, auto loans, RV loans, and boat loans.

Persons: Mark Kantrowitz, You'll, Stacey MacPhetres, Andrew Pentis, Ryan Wangman, Read Organizations: Parent PLUS, Department of Education, Bright, Borrower's, Loan, Federal, Aid, Finance, Northwestern University, Boston Globe Locations: Chevron

Basics of how home equity loans workWith a home equity loan, you use your home as collateral for a loan. Home equity loan terms vary, but you usually have anywhere from five to 30 years to repay the loan. Differences between home equity loans and HELOCsHome equity lines of credit (HELOCs) are similar to home equity loans in that they let you borrow from your home's equity. What's the difference between a home equity loan and a home equity line of credit (HELOC)? She covers mortgage rates, refinance rates, mortgage lender reviews, and homebuying for Personal Finance Insider.

Persons: you've, whittle, Molly Grace, Molly, Read, Aly J, Yale Aly J, Bob Organizations: Homeowners, Chevron, Business, Finance, Insider, Rocket Companies, Twitter, Yale, Forbes, Money Magazine, The Dallas Morning News, Bob Schieffer College of Communication Locations: Chevron, mgrace@businessinsider.com

☆ I've lent people more than $63 million to buy homes and start businesses: 'If you see a problem, fix the problem'
▼ + stars: | 2024-02-24 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +11 min

Today, I'm the owner of a barber shop and the founder of the Washington Barber College. Courtesy of Story SyndicateI took $500 from the check and put it down on a rental space for a barber shop. I later purchased another barber shop, and with the profits from that business, bought an additional shop that was going out of business. AdvertisementThe People Trust Community Loan Fund. We would also pick up homeless individuals and bring them to the barber shop to provide haircuts.

Persons: Arlo Washington, —, Oscar, Barber, it's, Syndicate I'm, we've, We've, Mr, We're, Little, I've, It's Organizations: Service, Washington, Washington Barber College, Syndicate, People Trust Loan Fund, People Trust, Federal Credit Union, University of Arkansas, Little, Trust Community Loan Fund, Winthrop Rockefeller Foundation, The Treasury Department, Trust Loan, People Trust Loan, Depository Institution Locations: Little Rock , Arkansas, Local, Washington, Arkansas, Little, Central Arkansas, Little Rock, Rock, Wrightsville , Arkansas

Blended finance see providers of public money - typically government aid departments, development finance institutions or charitable donors - agree to accept more risk in a fund to encourage private sector investors to join. The money raised through blended finance funds is a fraction of what's needed. The new 25-year SDG Loan Fund is structured so that FMO takes the first loss should the loans turn sour. Private investors, which include Allianz and Skandia, will be the last to lose money. But this loan fund structure ensured "everyone's interest is aligned," she said, noting that private investors can start getting their money back when loans begin amortising in a few years.

Persons: Tilman Blasshofer, FMO, That's, Nadia Nikolova, Nikolova, Nic Wessemius, FMO's, Wessemius, Tommy Reggiori Wilkes, Simon Jessop, Mark Potter Organizations: Allianz Global Investors, REUTERS, MacArthur Foundation, LONDON, Private, Allianz, Skandia, FMO, Reuters, concessional, Investment, Thomson Locations: Frankfurt, Germany, Dubai

☆ Highlights of Canada's fall economic statement
▼ + stars: | 2023-11-21 | by ( ) www.reuters.com time to read: +3 min

Canada's Prime Minister Justin Trudeau and Finance Minister Chrystia Freeland walk holding the 2023-24 budget, on Parliament Hill in Ottawa, Ontario, Canada, March 28, 2023. REUTERS/Patrick Doyle/File Photo Acquire Licensing RightsOTTAWA, Nov 21 (Reuters) - Following are some of the commitments the Canadian government made in its Fall Economic Statement released on Tuesday. *invest an additional C$15 billion in new loan funding, starting in 2025-26, for the Apartment Construction Loan Program, for a total of more than C$40 billion in loan funding. This investment will support more than 30,000 additional new homes, bringing the contribution to more than 101,000 new homes supported by 2031-32. *propose to spend C$50 million over three years, starting in 2024-25, to support municipal enforcement of restrictions on short-term rentals.

Persons: Justin Trudeau, Chrystia Freeland, Patrick Doyle, Steve Scherer, David Ljunggren Organizations: Canada's, Finance, REUTERS, Rights OTTAWA, Affordable Housing Fund, Canadian Mortgage Charter, Canadian Radio, Telecommunications Commission, Canadian Transportation Agency, Canada Mortgage, Thomson Locations: Ottawa , Ontario, Canada

☆ These bond funds are among the top performers in 2023 – Here’s what investors should do next
▼ + stars: | 2023-11-21 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +5 min

Risk-taking investors also fared well in high-yield bonds, as the fund category generated a 2023 total return of 6.98% through Friday. Big performers in that category include the Pacific Income Advisors High Yield (MACS) Fund (PIAMX) for investors with managed accounts. The BondBloxx CCC Rated USD High Yield Corporate Bond ETF (XCCC) was also among the strongest performers in the fund category. See below for a list of top performing high yield bond funds, according to Morningstar Direct. "I think these historically high yields have offered attractive entry points for high quality," said Murphy.

Persons: It's, Morningstar, it's, Thomas Murphy, Rowe, Murphy Organizations: Treasury, U.S, Morningstar, Morningstar . Bank, SEC, Pacific Income, PIAMX, Morningstar Direct Locations: U.S

☆ Bank of America will lend $10 mln to veteran business fund
▼ + stars: | 2023-11-08 | by ( ) www.reuters.com time to read: +1 min

A Bank of America logo is pictured in the Manhattan borough of New York City, New York, U.S., January 30, 2019. REUTERS/Carlo Allegri/File Photo Acquire Licensing RightsCompanies Bank of America Corp FollowNEW YORK, Nov 8 (Reuters) - Bank of America (BAC.N) will provide a second round of funding to a veterans group that finances small businesses built by former military personnel, the lender said on Wednesday. The second largest U.S. bank will lend $10 million toward a $25 million fundraising round for the Veteran Loan Fund, which aims to grow to $100 million nationwide by 2027. The veterans group initially raised $15 million when it launched in 2021, with Bank of America investing $5 million of long-term capital below market rates. The fund offers an online platform to connect military veterans and their spouses with lenders to help them build small businesses.

Persons: Carlo Allegri, Saeed Azhar, Lananh Nguyen Organizations: of America, REUTERS, Companies Bank of America Corp, Bank of America, Veteran Loan Fund, Thomson Locations: Manhattan, New York City , New York, U.S

☆ Black entrepreneurs, business leaders say conservative legal challenges could hinder progress
▼ + stars: | 2023-10-28 | by ( Nicquel Terry Ellis Cnn | ) edition.cnn.com time to read: +8 min

Trigg-Jones said she applied for funding from grant groups, venture capital funds and investors, but most of them denied her. Late last month, a federal appeals court granted the Alliance’s motion to temporarily block the Fearless Fund from awarding grants exclusively to Black women entrepreneurs. Black business leaders told CNN the lawsuits, if successful, could stand to undo decades of progress toward leveling the playing field for Black and brown people in the workplace and small business sector. According to a 2019 report from American Express, Black women are the fastest growing demographic of entrepreneurs in the country. Black business owners are turned down for loans at a rate three times higher than White business owners, according to a 2020 analysis of small businesses by Goldman Sachs.

Persons: Cathleen Trigg, Jones, –, you’re, ” Trigg, Edward Blum, Blum, Fearless, ” Blum, “, Goldman Sachs, Arian Simone, ”, AAER “, Rashae Barnes, Barnes, ” Barnes, Kaycea Campbell, ” Campbell, Lenwood Long, —, Long, CNN’s Jaide Timm, Garcia, Isabel Rosales, Tami Luhby Organizations: CNN, Trigg, American Alliance for Equal Rights, Civil, American Express, “, Evals Equity, Pierce College Los Angeles, Federal, Consumer Finances, African American Alliance of Community Development Financial, Black Locations: New York, PitchBook, White

☆ Cannabis Vendors in Limbo as Judge Halts N.Y. License Program
▼ + stars: | 2023-08-16 | by ( Ashley Southall | More About Ashley Southall | ) www.nytimes.com time to read: +1 min

Just 23 retailers have opened storefronts or delivery services since the first licensed shop opened in December, and only about 18,000 pounds of cannabis have been sold so far, according to the Office of Cannabis Management. At the current sales rate, 564,000 pounds of legally grown cannabis will remain unsold by the end of the year, agency officials said. Some licensees and lawyers have laid some of the blame on Attorney General Letitia James, whose office is responsible for defending the cannabis program against lawsuits. At the hearing last week, her lawyer struggled to answer basic questions about the program from Justice Bryant, such as distancing requirements between dispensaries. Then, an investor agreed in June to put up $150 million to revive the state’s dispensary plan under terms that have not been disclosed.

Persons: Beau Allulli Jr, ”, Letitia James, Justice Bryant, Kathy Hochul’s Organizations: Cannabis Management, Justice Locations: Lower Manhattan

Digital Federal Credit Union Credit Builder Loan 4.1 /5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star Learn moreDigital Federal Credit Union Credit Builder Loan 4.1 /5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star Origination Fee $0 Regular Annual Percentage Rate (APR) 5.00% View Full Details Learn more Compare optionsDigital Federal Credit Union Credit Builder Loan Learn more Compare options Details Regular Annual Percentage Rate (APR) 5.00% Origination Fee $0 Editor's Rating 4.1 /5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star 4.1 out of 5 Stars Pros & Cons Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. More Information The information related to Digital Credit Union Credit Builder Loan has been collected by Business Insider and has not been reviewed by the issuer. Read our review Read Our Review A looong arrow, pointing rightAs the name suggests, a credit builder loan can help you build credit and improve your financial standing. How the DCU Credit Builder Loan WorksDCU offers credit builder loans from $500 to $3,000, with loan terms between 12 and 24 months. DCU Credit Builder Loan Pros and ConsDCU's credit builder loan is much less costly than many alternatives, but you'll have to jump through some hoops to become eligible.

Persons: it's, you'll, there's Organizations: Federal Credit Union, DCU, Digital Credit Union, Business, Reading Chevron, DCU doesn't, Better, Loan, Social Locations: New England, Marlborough , Massachusetts, Massachusetts, New Hampshire

WASHINGTON/LONDON, July 28 (Reuters) - The International Monetary Fund said on Friday that it has reached a staff-level agreement with Argentina to unlock about $7.5 billion and complete the fifth and sixth reviews of the struggling country's $44 billion loan program. Reuters first reported that the agreement would combine the fifth and sixth reviews of Argentina's IMF program -- a move that provides additional loan funds sooner. The IMF said its board would meet to consider the agreement in the second half of August. The Fund said that the program will need waivers because these measures are "against the introduction of multiple currency practices." Argentina is set to have another three reviews on its 2022 IMF programme by September 2024, though the IMF statement didn't specify what would happen with those.

Persons: Sergio Massa, David Lawder, Hugh Lawson, Alistair Bell Organizations: WASHINGTON, Monetary Fund, Reuters, IMF, Argentine, Thomson Locations: LONDON, Argentina, Buenos Aires, Beijing, Washington, Rosario, London

☆ Argentina reach staff deal on loan reviews to unlock $7.5 billion
▼ + stars: | 2023-07-28 | by ( ) edition.cnn.com time to read: +3 min

The International Monetary Fund said on Friday that it has reached a staff-level agreement with Argentina to unlock about $7.5 billion and complete the fifth and sixth reviews of the struggling country’s $44 billion loan program. Reuters first reported that the agreement would combine the fifth and sixth reviews of Argentina’s IMF program — a move that provides additional loan funds sooner. The IMF said its board would meet to consider the agreement in the second half of August. The agreement calls for Argentina to tamp down import demand with new foreign exchange taxes for imported goods and to strengthen expenditure controls. Argentina is set to have another three reviews on its 2022 IMF program by September 2024, though the IMF statement didn’t specify what would happen with those.

Persons: Sergio Massa Organizations: Monetary Fund, Reuters, IMF, Argentine Locations: Argentina, Buenos Aires, Beijing

☆ Why Cities Across the US Look the Same: Remote Work, High Home Prices
▼ + stars: | 2023-07-25 | by ( David A. Banks | ) www.businessinsider.com time to read: +15 min

The shift to remote work early in the pandemic allowed wealthy residents to ditch big cities in droves and set up shop in smaller cities and towns nearby. While the surging costs of housing and the new freedom of remote work helped trigger this mass migration, small cities have been laying the groundwork over the last decade to entice these big-city refugees. Then came the pandemic, and remote work suddenly made small cities a viable home for wealthy professionals. For the past two decades, cities have turned to an economic development strategy I've deemed "the city authentic." It spiked even more during the pandemic when change of addresses from New York City jumped a whopping 787%.

Persons: Tim Burton, —, Richard Florida, millennials, DAVID BREWSTER, downtowns, weathers, It's, Alison Roman, Chrissy Teigen, it's, restaurateurs, John Greim, Instagramable cafés, David A, Banks Organizations: Urban, New York Times, Creative, The New York Times, Industrial Development Agency, IDA, Arts, Craft, Fulton, Star Tribune, Getty, Social, Business, New York City, Neighborhood Initiative, Globalization Studies, University, Albany SUNY, UUP Locations: America, Hudson, New York City, Austin , Texas, Charlotte, North Carolina, Denver , Minneapolis, Salt Lake City, Dallas, Louisville, Connecticut, Florida, Washington, Fulton, New York, Athens, Georgia, Tulsa , Oklahoma, Arts District, Saint Paul , Minnesota, , New York, Rensselaer, Troy, Rensselaer County, Newark , New Jersey, Dudley, Boston

☆ European Union agrees post-Brexit rules for hedge funds
▼ + stars: | 2023-07-21 | by ( Nell Mackenzie | ) www.reuters.com time to read: +3 min

LONDON, July 20 (Reuters) - The European Union said on Thursday it has reached a deal on revising its rules for managers of hedge funds and other alternative investments, easing industry fears of a post-Brexit crackdown on managers in London. Representatives of EU states and the European Parliament reached the deal overnight to update the bloc's Alternative Investment Fund Managers Directive (AIFMD) rules that cover investments in hedge funds, private equity, private debt funds and real estate funds. Under the agreement, European asset managers will have to disclose more details to regulators about their investments with private funds in the United States, Britain and other non-EU countries. But it stops short of toughening up "delegation" rules for managers outside the EU that pick assets for funds listed in the bloc. The agreement includes new rules on funds that issue new loans, including higher requirements to keep money aside to cope with liquidity demands in stressed markets.

Persons: Taggart Davis, Davis, Jiri Krol, AIMA, Deborah Zurkow, Nell Mackenzie, Huw Jones, Dhara Ranasinghe, Sharon Singleton Organizations: European Union, European, Investment, European Commission, Collective Investment, Securities, EU, Alternative Investment Management Association, Alternative Credit Council, Allianz Global Investors, Thomson Locations: London ., United States, Britain, London, Luxembourg, Dublin, Europe

☆ Foxconn-Vedanta JV split credit negative for UK conglomerate- CreditSights
▼ + stars: | 2023-07-13 | by ( ) www.reuters.com time to read: +2 min

[1/2] A man walks past the logo of Vedanta outside its headquarters in Mumbai, India January 31, 2018. REUTERS/Danish Siddiqui/File PhotoCHENNAI, July 13 (Reuters) - A decision by Taiwan's Foxconn (2317.TW) to withdraw from a $19.5 billion semiconductor joint venture with Vedanta (VDAN.NS) is a "credit negative" for the Indian conglomerate's UK parent Vedanta Resources, debt research firm CreditSights said on Thursday. CreditSights had previously expected a "minimal credit impact" on Vedanta Resources based on the old arrangement, as Volcan, Vedanta's holding entity was undertaking the semiconductor investments. CreditSights also expects further strain on credit metrics and free cash flows for both Vedanta Resources and India's Vedanta with Foxconn's exit also resulting in a loss of a partner to split manufacturing costs. CreditSights maintained its "buy" rating on Vedanta Resources' bonds saying its refinancing outlook for some debt maturities have improved, helped by $1.3 billion of fresh loan fundraisings.

Persons: Danish Siddiqui, Taiwan's Foxconn, CreditSights, Foxconn, Praveen, Nivedita Organizations: Vedanta, REUTERS, Danish, Indian conglomerate's, Vedanta Resources, JV, Fitch, Thomson Locations: Mumbai, India, CHENNAI, Volcan, Chennai

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Persons: you'll Organizations: Reading Chevron, Happy, BBB Locations: Chevron, Maine , Massachusetts , Nebraska, Nevada

☆ Ford agrees to $9.2 billion US government loan
▼ + stars: | 2023-06-22 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +2 min

Ford and SK’s joint venture, BlueOval SK, would use the funds to build three electric vehicle battery plants, two in Kentucky and one in Tennessee. Also, the loan amount is up to $9.2 billion, but Ford could use less than that. The loan would be part of the DoE’s Advanced Technology Vehicles Manufacturing Loan Program, a $25 billion program to reduce US dependence on oil and reduce carbon emissions. Ford previously took out a $5.9 billion loan under the program in 2009. General Motors agreed to a $2.5 billion loan under the program last year.

Persons: New York CNN —, Joe Biden’s, Ford, DoE, General Motors Organizations: New, New York CNN, New York CNN — Ford, SK, US Department of Energy, BlueOval SK, Ford, Department of Energy, Technology Vehicles Manufacturing, General Locations: New York, United States, Kentucky, Tennessee

☆ In the Market: Amid the calm, the Fed brews the next storm
▼ + stars: | 2023-05-29 | by ( Paritosh Bansal | ) www.reuters.com time to read: +4 min

Earlier this month, Chairman Jay Powell said the Fed's monetary policy and financial stability tools were "working well together," allowing it to support banks and pursue price stability. But several people in the market believe not only is the regional banking sector still under stress, multiple other risks to financial stability also remain. Tighter monetary policy could well cause them to blow up or worsen the impact of other shocks, such as debt ceiling negotiations. "The Fed has no desire to conduct monetary policy through financial crises," said Wendy Edelberg, director of The Hamilton Project at the Brookings Institution. In its most recent financial stability report earlier this month, the Fed listed several areas of concern, including life insurance and some types of bond and loan funds.

☆ Guest view: Direct lending may be entering new era
▼ + stars: | 2023-04-13 | by ( Armen Panossian | ) www.reuters.com time to read: +5 min

NEW YORK, April 13 (Reuters Breakingviews) - Challenges in the banking system are expanding the opportunities available to direct lenders. I believe direct lenders’ market share will increase significantly in the future due to the substantial mismatch of supply and demand that has emerged in the market for funding large-scale LBOs. Direct lenders, including funds at Oaktree, are now seeking to fill this gap. Not all direct lenders will be able to take advantage of this opportunity, though. This, in turn, is attracting interest and capital from those direct lenders able to fill the massive gap.

☆ This A.I.-powered lending stock could be in trouble as macro environment worsens, JPMorgan warns
▼ + stars: | 2023-04-11 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Upstart shares will likely struggle as the environment for loans worsens, according to JPMorgan. Analyst Reginald Smith initiated coverage of the lending stock at underweight. Smith said the company benefited from pandemic stimulus driving lower default levels with other unsecured credit providers. The company reported record loan originations and profits in 2021. Smith recommended investors avoid buying shares until macro indicators like the company's Upstart Macro Index improve or management announces an expanded loan funding strategy.

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