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Axos Financial Inc. - AX STOCK NEWS

Welcome to our dedicated news page for Axos Financial (Ticker: AX), a resource for investors and traders seeking the latest updates and insights on Axos Financial.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Axos Financial's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Axos Financial's position in the market.

Rhea-AI Summary
Axos Financial, Inc. (NYSE: AX) will host a conference call to discuss their Q3 fiscal 2024 financial results. The call will feature Greg Garrabrants, President, and CEO, along with Derrick Walsh, EVP, and CFO.
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earnings
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Rhea-AI Summary
Axos Financial, Inc. (NYSE: AX) announced a $100 million share repurchase program, in addition to the existing $20 million plan. The Company may repurchase shares through various methods without a set timeline.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.54%
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buyback
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Rhea-AI Summary
Axos Bank, a subsidiary of Axos Financial, was recognized in Forbes Advisor's 'Best Business Checking Accounts of February 2024' for its top QuickBooks compatibility. Offering zero monthly fees, no minimum balance, and free incoming domestic wires, Axos stands out for its customer-centric approach and digital innovation.
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3.65%
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Rhea-AI Summary
Axos Financial, Inc. (NYSE: AX) reported a significant increase in net income and diluted earnings per share for the second fiscal quarter ended December 31, 2023. The company's net interest income, non-interest income, and total deposits also experienced substantial growth. Axos' credit quality remained resilient, and the company's total capital to risk-weighted assets increased. Additionally, the company repurchased a significant amount of common stock during the quarter.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.38%
Tags
earnings
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Rhea-AI Summary
Axos Financial, Inc. (NYSE: AX) has been named a Top Bank in America for 'Best Checking Accounts' by GOBankingRates.com for the seventh time since 2015. The company's Essential Checking accounts offer no maintenance fees, no overdraft charges, no minimum balance requirements, and unlimited domestic ATM fee reimbursements. Axos Bank's enhanced mobile banking app provides added convenience for customers. GOBankingRates.com researchers analyzed FDIC data and product offerings from over 100 banks to select winners across nine categories.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.62%
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Rhea-AI Summary
Axos Financial, Inc. (NYSE: AX) will host a conference call on January 30, 2024, to discuss financial results for the second quarter of fiscal 2024. The call will feature President and CEO Greg Garrabrants and CFO Derrick Walsh. Earnings results will be distributed on the same day. Interested parties can access the live conference call on Axos Financial’s website or by dialing a toll-free number. A replay will be available for those unable to listen to the live broadcast.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.35%
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earnings
Rhea-AI Summary
Axos Financial, Inc. (NYSE: AX) announces the acquisition of two performing commercial real estate loan portfolios from the Federal Deposit Insurance Corporation at a purchase price equal to approximately 63% of par value, reflecting an approximate discount to par value for the purchased loans of $463.7 million. The acquired loans have an aggregate unpaid principal balance of $1.25 billion, with a weighted-average loan-to-value of approximately 59%. Axos expects the acquisition to be accretive to its net interest margin and net interest income.
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End-of-Day
11.81%
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Rhea-AI Summary
Axos Financial, Inc. (NYSE: AX) announces the election of Sara Wardell-Smith as an independent director of the Board of Directors of the Company and the Board of Directors of Axos Bank, effective December 1, 2023. Ms. Wardell-Smith brings extensive experience in wholesale banking, global payments, fintech partnerships, and board service, having worked at global leaders such as Visa and Wells Fargo. Her expertise will be highly additive as Axos prepares for its next decade of growth.
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-2%
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management
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Rhea-AI Summary
Axos Financial, Inc. announces unaudited financial results for Q1 2024, with net income of $82.6 million, an increase of 41.5% compared to the same quarter last year. Diluted earnings per share also increased by 42.3%. Net interest income grew by 17.0% and non-interest income increased by 26.8%. Adjusted earnings and adjusted earnings per diluted common share increased by 18.1% and 19.5% respectively. Total loans for investment and total deposits both saw increases. The company made a strategic acquisition and repurchased common stock.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.88%
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earnings
Rhea-AI Summary
Axos Bank named 'Best for Mobile Banking' by GOBankingRates.com
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-1.6%
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Axos Financial Inc.

NYSE:AX

AX Rankings

AX Stock Data

3.04B
51.25M
9.49%
88.41%
10.41%
Savings Institutions
Finance and Insurance
Link
US
Las Vegas

About AX

axos financial, inc., together with its subsidiaries, provides consumer and business banking products in the united states. the company offers deposits products, including consumer and business checking, demand, savings, time deposit, and money market accounts. it also provides single family and multifamily mortgage secured lending products; commercial real estate secured loans; automobile and rv secured loans; factoring loans; commercial and industrial loans and leases; and other loans, such as unsecured consumer loans, and other small balance business and consumer loans. in addition, axos financial, inc. offers commercial lending, specialty finance factoring, and overdraft lines of credit, as well as fixed rate term unsecured loans to individual borrowers. further, it provides prepaid card and refund transfer, debit card or atm card, portfolio management, online bill payment, money transfer, overdraft protection, online and mobile banking, and text message banking services. additiona