The Nikkei 225 Index jumped and neared its all-time high as memory and semiconductor companies like Kioxia, Tokyo Electron, Advantest, and Keyence Corporation soared. It jumped by over 5% to 71,950, a few points below the all-time high of 72,781.
Investors need to pay close attention to AX stock based on the movements in the options market lately.
Axos Financial, Inc. reported strong revenue growth in fiscal Q3 2026, driven by acquisitions, but adjusted EPS missed consensus by $0.23. Non-interest income surged 157.7% to $86 million, primarily from the Verdant acquisition, while net interest income rose 11.2% year-over-year. Loan and deposit balances expanded rapidly, with asset quality stable despite a $41 million provision for credit losses linked to new assets.
| Banks Industry | Financials Sector | Gregory Garrabrants CEO | XSTU Exchange | 05465C100 CUSIP |
| US Country | 1,989 Employees | - Last Dividend | 18 Nov 2015 Last Split | 15 Mar 2005 IPO Date |
Axos Financial, Inc., headquartered in Las Vegas, Nevada, is a comprehensive financial services company catering to both consumer and business clients across the United States. Established in 1999, the company undertook a significant rebranding from BofI Holding, Inc. to its current name in September 2018. Axos operates through two primary segments: Banking Business and Securities Business, delivering a wide range of banking products through its extensive network of subsidiaries.
Deposit Products: Axos Financial offers a variety of deposit accounts tailored to both consumer and business needs. These include checking, demand, savings, time deposit, money market, zero balance, and insured cash sweep accounts. This suite of products is designed to provide flexibility and security for managing funds efficiently.
Loan Services: The company provides a comprehensive array of loan products, catering to diverse financing needs. This includes residential single family, multifamily, and commercial mortgage loans; secured commercial real estate loans; commercial and industrial non-real estate loans, such as asset-backed loans, lines of credit, and term loans; automobile loans; fixed-rate unsecured loans; and other specialized lending solutions like structure settlements, Small Business Administration consumer loans, and securities-backed loans.
Banking and Payment Services: Axos Financial equips its clients with a broad spectrum of banking services like ACH origination, wire transfers, check printing, and various payment options including business bill pay, account transfers, remote deposit capture, mobile deposit, and online payment portals. These services are complemented by concierge banking, mobile and text message banking features, offering convenience and real-time access to banking services.
Card and Digital Wallet Services: The company issues debit and credit cards and supports digital wallets, catering to the modern consumer's and business's needs for secure and flexible spending options.
Securities Business Services: In addition to banking services, Axos provides disclosed clearing services and back-office support, which encompasses record keeping, trade reporting, accounting, security and margin lending, reorganization assistance, and custody of securities. It also extends financing options to brokerage customers, enhancing the comprehensive nature of its financial services offering.