Axos Financial 'Ahead of Its Time,' Analyst Applauds Digital-First Strategy [Yahoo! Finance]
Axos Financial, Inc. (AX)
Company Research
Source: Yahoo! Finance
The analyst writes that, unlike traditional banks, the company avoids a broad branch strategy, enhancing profitability and efficiency while expanding its total addressable market. Importantly, Axos Financial holds a full banking license, which offers stickier and cheaper funding for loans compared to warehouse lines and enables in-house banking products, adds the analyst. The analyst says that Axos Financial was “ahead of its time” by prioritizing a digital-first strategy over building a branch network. Positive secular trends toward digital banking have allowed AX to establish itself effectively. Peterson says that Axos Financial's corporate culture distinguishes it from traditional banks, enabling the company to expand its total addressable market (TAM) and achieve efficient growth. Axos Financial's exceptional profitability stems from its robust underwriting and credit performance, as well as a streamlined expense structure, adds the analyst. Peterson projects EPS of $7.
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AX
News
- Axos Bank Expands Commercial Banking in Silicon Valley with new Technology & Life Sciences Banking Division [Yahoo! Finance]Yahoo! Finance
- Axos Bank Expands Commercial Banking in Silicon Valley with new Technology & Life Sciences Banking DivisionBusiness Wire
- Axos Financial, Inc. (NYSE: AX) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- Axos Clearing Partners with Envestnet to Deliver Managed Account Solutions [Yahoo! Finance]Yahoo! Finance
- Axos Clearing Partners with Envestnet to Deliver Managed Account SolutionsBusiness Wire
AX
Earnings
- 10/30/24 - Beat
AX
Sec Filings
- 11/19/24 - Form 144
- 11/15/24 - Form 4
- 11/15/24 - Form 4
- AX's page on the SEC website