Q2 Holdings: Great Story, Great Opportunity -- but No Profits
Motley Fool co-founder David Gardner reminds us that great stocks are obvious, self-evident, and self-explanatory. Q2 Holdings (NYSE: QTWO) may not be a household name; it operates behind the scenes helping small and medium-sized banks offer digital solutions to customers. But while the company doesn't have profits yet, Q2's promising story might still make it the next great fintech stock.
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The US banking industry is big, complex, and competitive. According to First Research, the U.S. has more than 10,000 banks and credit unions. Of course, this space is dominated by a few big, very big players which are household names. In the early days of the shift to online and mobile banking, Q2 saw the need to help smaller, regional, and community banks and credit unions offer digital experiences that could compete with the likes of Bank of America, JP Morgan, and Wells Fargo.
Source Fool.com
