How Would nCino's Business Perform in a Recession?
The cloud-based banking software provider nCino (NASDAQ: NCNO) is in the business of selling technology to financial institutions. Banks use nCino to automate many parts of the loan origination process in order to originate more volume and better leverage data. The market has sold off bank stocks this year due to concerns over an economic slowdown and potential recession, which banks can struggle with due to the cyclicality of their business. What could this mean for nCino's business?
While the jury is still out on whether we'll see a recession over the next six to 18 months, investors should be thinking about how every stock in their portfolio might perform if the economy takes a turn for the worst. Let's take a look at nCino and see how its business might hold up if there is a recession and its target customers begin to struggle.
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Source Fool.com
