Company Overview - Axos Financial (AX) shares increased by 7.7% to $70.81 in the last trading session, marking a 23.2% gain over the past four weeks [1] - The stock has rallied for six consecutive trading sessions, reaching a 52-week high of $71.95 [1] - The upcoming quarterly earnings are expected to be $1.83 per share, reflecting a year-over-year increase of 22%, with revenues projected at $296.02 million, up 25.2% from the previous year [1] Industry Context - Encouraging inflation data and cooling employment figures have raised expectations for the Federal Reserve to potentially cut interest rates in the near term, which could stabilize or lower banks' funding costs and improve loan demand [1] - The banking sector has seen increased investor interest, contributing to the rise in Axos Financial's stock price [1] Earnings Estimates - The consensus EPS estimate for Axos Financial has remained unchanged over the last 30 days, indicating a lack of recent earnings estimate revisions [2] - The stock currently holds a Zacks Rank of 3 (Hold), suggesting a neutral outlook [2] - NewtekOne, another company in the same industry, has also maintained its EPS estimate at $0.41, representing a year-over-year change of 57.7% [3]

SAN FRANCISCO, June 24, 2024 (GLOBE NEWSWIRE) -- Hagens Berman urges Axos Financial, Inc. (NYSE: AX) investors who suffered substantial losses to submit your losses now. Visit: www.hbsslaw.com/investor-fraud/ax Contact the Firm Now: AX@hbsslaw.com | 844-916-0895 Axos Financial Inc. (AX) finds itself in the crosshairs of short seller Hindenburg Research, which alleges risky lending practices and potential misrepresentation of the bank’s loan portfolio. Hindenburg, known for its forensic financial research an ...

NEW YORK, June 17, 2024 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Axos Financial, Inc. (NYSE: AX) resulting from allegations that Axos Financial may have issued materially misleading business information to the investing public. SO WHAT: If you purchased Axos Financial securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee a ...

Core Viewpoint - Axos Financial, Inc. is facing serious allegations from Hindenburg Research regarding the concealment of risks associated with its lending practices and the overall health of its loan portfolio [1][4]. Group 1: Commercial Real Estate Exposure - Axos Financial has significantly increased its exposure to commercial real estate (CRE) loans, which now make up more than 50% of its total loan portfolio, contrasting sharply with the industry average of 16.5% as reported by Moody's in 2023 [2]. Group 2: Underwriting Standards - Concerns have been raised about Axos' underwriting standards, with reports indicating that the bank may have lent to borrowers rejected by other institutions, including those with criminal histories and unstable financial situations, potentially leading to a high rate of loan defaults in the future [3]. Group 3: Accounting Practices - The investigation has highlighted questionable accounting practices at Axos, with doubts about the accuracy of its credit metrics. Loan-to-value ratios appear lower than industry norms, and non-performing loan rates remain suspiciously stable, suggesting possible manipulation of figures to present a more favorable outlook to investors [4].

NEW YORK, June 12, 2024 /PRNewswire/ -- Wolf Haldenstein Adler Freeman & Herz LLP ("Wolf Haldenstein"), a preeminent national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in  Axos Financial, Inc. (NYSE: AX) ("Axos" or "the Company"). The focus of the investigation is to whether the Company issued false and/or misleading statements and/or did not disclose information pertinent to investors. PLEASE CLICK HERE TO PROVIDE YOUR CONTACT INFORMATION On June 4 ...

NEW YORK, June 10, 2024 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Axos Financial, Inc. (NYSE: AX) resulting from allegations that Axos Financial may have issued materially misleading business information to the investing public. SO WHAT: If you purchased Axos Financial securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency ...

Group 1 - Rosen Law Firm is investigating potential securities claims on behalf of shareholders of Axos Financial, Inc. due to allegations of materially misleading business information [1] - Hindenburg Research issued a report on June 4, 2024, highlighting significant issues in Axos Financial's commercial real estate loan practices, leading to a stock price drop of $2.21, or 4.2%, closing at $50.25 [2] - The Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions, noting their own achievements in recovering substantial amounts for investors [3]

Group 1 - Rosen Law Firm is investigating potential securities claims on behalf of shareholders of Axos Financial, Inc. due to allegations of materially misleading business information [1] - Hindenburg Research released a report highlighting significant issues with Axos Financial's commercial real estate loans and lax underwriting standards, leading to a stock price drop of $2.21, or 4.2%, to close at $50.25 on June 4, 2024 [2] - The Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions, noting their own achievements in recovering substantial amounts for investors [3]

Core Viewpoint - Axos Financial, Inc. is under investigation for potential violations of federal securities laws and unlawful business practices following a report by Hindenburg Research that raised concerns about the company's credit metrics and loan-to-value ratios [1][2]. Group 1: Investigation and Legal Actions - Bragar Eagel & Squire, P.C. is investigating potential claims against Axos on behalf of its stockholders [1]. - The investigation is focused on whether Axos has engaged in unlawful business practices or violated federal securities laws [1]. Group 2: Hindenburg Research Report - Hindenburg Research released a report on June 4, 2024, indicating serious concerns regarding Axos' credit metrics [2]. - The report highlighted that Axos' loan-to-value (LTV) ratios in commercial real estate were 17% lower than the median average of nine similar financial entities [2]. - Accusations from a former credit review officer suggested that Axos misrepresented the average LTV ratios of its loans to investors [2]. Group 3: Market Reaction - Following the release of the Hindenburg Research report, Axos' share price experienced a decline in pre-market trading on June 4, 2024 [2].

NEW YORK, June 05, 2024 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Axos Financial, Inc. (“Axos” or the “Company”) (NYSE: AX). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980. The investigation concerns whether Axos and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. [Click here for information about joining the class action] On June 4, 2024, Hinde ...