Is Axos Financial a Buy?
If you are looking for a bank stock to add to your portfolio right now with good long-term growth prospects, consider Axos Financial (NYSE: AX), the parent company of Axos Bank.
Axos is not your typical bank, in that it is completely online with no physical branches, and it hasn't performed like other banks during this pandemic. In the last quarter, its fiscal third quarter, when most other banks reported earnings declines, its earnings per share climbed 44% to $0.91, beating estimates.
Axos Financial's stock price got a nice bump out of that report, but it's still down about 33% on the year. Let's look inside the numbers to see why this bank is a buy.
Source Fool.com
