Is Axos Financial a Buy?

motley fool · 2020-05-23
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 most recent quarter, Axos posted a ridiculously low 39.8% overall efficiency ratio, which was down significantly from 52.7% in the same quarter last year ... There is a lot to like about Axos, including its tangible book value -- the financial value of a bank's hard assets minus its intangible assets.

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