🖤 Upstart Returns to the Black. FIS Trims Its Own Forecast. Toast Keeps Cooking.

Three fintechs, three totally different August stories. Upstart clawed back to GAAP profitability with an all-time-high contribution profit, FIS beat estimates but somehow still talked its own stock down, and Toast just keeps adding restaurants like the economy isn't a thing. We break down what actually moved each stock and why the "beat but cut" playbook is the sneakiest trap in earnings season.