Axos Financial Inc is a financial services company that offers a wide range of banking and lending products, primarily through its online platform
It provides services such as personal banking, business banking, and mortgage loans, catering to a diverse customer base that includes individuals and small to medium-sized enterprises. The company leverages technology to enhance customer experience, streamline operations, and reduce costs, positioning itself as a modern alternative to traditional banking institutions. In addition to banking services, Axos Financial also engages in various investment and wealth management activities, aiming to meet the financial needs of its clients comprehensively.
Needham analyst initiates coverage on Axos Financial with a Buy rating and $82 price target. The company's digital-first strategy and full banking license set it apart from traditional banks for profitable growth.
Axos Financial says Hindenburg Research's short report is misleading and false. Its latest earnings call provided credit updates and there have been no changes since then, company says. ment and the company's favorable credit metrics are not manipulated. AX shares are up 0.32% at $50.41.
