FINX - Rocket stock climbs after Q2 Holdings adds Rocket Mortgage to platform

• Rocket Companies ( NYSE: RKT ) stock jumped 5.4% in late Thursday morning trading after its mortgage arm, Rocket Mortgage, entered a partnership to offer its digital home loan application process to banks and credit unions on Q2 Holdings' ( NYSE: QTWO ) lending platform.
• Rocket ( RKT ) Mortgage will be added to the Q2 ( QTWO ) Innovation Studio ecosystem. The Q2 Partner Marketplace Program provides an app store-line experience for financial institutions to evaluate, select and deploy applications from a catalog of pre-integrated third-party products with no up-from investment, Q2 Holdings said.
• This Rocket Mortgage ( RKT ) offering through Q2's Innovation Studio ( QTWO ) will enable community banks and credit unions to serve the residential mortgage needs of their communities at no cost to the financial institution – including no implementation or subscription fees, QTWO said.
• In the past five sessions Rocket ( RKT ) shares have outperformed Global X FinTech Thematic ETF ( FINX ), and other lending and fintech stocks, including LendingClub ( LC ), PayPal ( PYPL ), and Block ( SQ ) as seen in chart below.
• SA contributor The Insiders Forum, though not bullish on Rocket ( RKT ), expects the lender to survive the housing slump

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