duckycardsForeword This article is based on one AAII Journal article, plus one Barron's article, aimed at finding attractive, stocks for 2024. The title and links to the articles are below: “This month’s First Cut for stocks lists those (17) that passed the greatest number of screens tracked by AAII.com" in its screening [sector]. —by:John Bajkowski March, 2024 in AAII Journal. Small companies deserve a closer look. Barron’s article in the March 25.2024 issue quotes a client note from the head of U.S eq ...

Axos Financial (AX) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #1 (Strong Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.Since a changin ...

Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today:Axos Financial (AX) : This company which provides financing for single and multifamily residential properties, small-to-medium size businesses in target sectors and selected specialty finance receivables, has seen the Zacks Consensus Estimate for its current year earnings increasing 27.6% over the last 60 days.Li Auto (LI) : This company which designs, develops, manufactures, and sells premium smart electric SUVs, has seen the Zacks Con ...

Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today:Nissan Motor Co., Ltd. (NSANY) : This automobile company has seen the Zacks Consensus Estimate for its current year earnings increasing 9.9% over the last 60 days.Toll Brothers, Inc. (TOL) : This luxury home builder company has seen the Zacks Consensus Estimate for its current year earnings increasing 11% over the last 60 days.Axos Financial, Inc. (AX) : This company which provides consumer and business banking products has seen the Zac ...

Axos Financial, Inc. (AX) announced an additional share repurchase program. Per the plan, the company is authorized to buy back up to $100 million worth of shares. There is no specific start or end date for the newly announced plan.This new share buyback plan supplements the existing repurchase program, which was approved on Apr 26, 2023. As part of the existing plan, it has almost $20 million worth of authorization remaining. AX repurchased $83.2 million worth of shares during the first half of fiscal 2024 ...

Core Viewpoint - Axos Financial, Inc. has authorized a new share repurchase program of up to $100 million, in addition to the remaining $20 million from the previous plan approved on April 26, 2023 [1] Group 1: Share Repurchase Program - The new share repurchase program allows the company to buy back shares on the open market or through private transactions at management's discretion [1] - There is no specified start or end date for the new common stock repurchase program [1] Group 2: Company Overview - As of December 31, 2023, Axos Financial, Inc. has approximately $21.6 billion in consolidated assets [2] - The company operates Axos Bank, Axos Clearing LLC, and Axos Invest, Inc., providing a range of banking and investment services [2] - Axos Clearing LLC manages approximately $34.4 billion in assets under custody and/or administration as of December 31, 2023 [2] - Axos Financial, Inc.'s common stock is listed on the NYSE under the symbol "AX" and is part of several indices including the Russell 2000® Index and the S&P SmallCap 600® Index [2]

SAN DIEGO--(BUSINESS WIRE)--Axos Bank, the nationwide bank subsidiary of Axos Financial, Inc. (NYSE: AX), was named in Forbes Advisor’s “Best Business Checking Accounts of February 2024.” Axos ranked in the top banks for Best QuickBooks Compatibility. Forbes Advisor compared 50 checking accounts at 20 banks and credit unions to find the best business checking accounts available. Forbes Advisor also focused on checking accounts that are nationally available to small businesses. “While other banks charge f ...

No matter if it is a start-up or a well-known company, earnings growth is the main priority for any organization. This is because if the company doesn’t make money, it won’t last long.So, what is earnings growth? Study a company’s revenues over a given period, subtract the production cost, and you have earnings. By the way, this is also considered the most important variable influencing share price. But, expectations of earnings play a noteworthy role.Earnings Estimates & Share Price MovementsFrequently, we ...

Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today:United States Cellular Corporation (USM) : This company which provides wireless telecommunications services has seen the Zacks Consensus Estimate for its current year earnings increasing 6.7% over the last 60 days.The Bank of New York Mellon Corporation (BK) : This company which provides financial products and services has seen the Zacks Consensus Estimate for its current year earnings increasing 3.8% over the last 60 days.Coca-Cola FEM ...

Financial Data and Key Metrics Changes - The company reported net income of $152 million and earnings per share of $2.62 for Q2 2024, representing year-over-year growth of 86% and 94% respectively [6] - Non-GAAP adjusted earnings per share increased by 15.7% year-over-year to $1.56 [7] - Tangible book value per share was $33.45 at December 31, 2023, up 25% from December 31, 2022 [7] - Net interest margin was 4.55% for Q2 2024, up 19 basis points from the previous quarter and up 9 basis points from the same period last year [8] Business Line Data and Key Metrics Changes - Ending loans for investment balance net of discount were $18.5 billion, up 8% linked quarter or 32% annualized [7] - Growth was broad-based with increases in real estate and non-real estate lender finance, equipment leasing, and fund finance, offsetting lower origination volumes in single-family warehouse [7] - Broker-dealer fee income increased 27.6% year-over-year due to higher interest rates and increased client activity [8] Market Data and Key Metrics Changes - Total deposits increased by approximately $638 million linked quarter, with a total deposit growth of $1 billion from June 30, 2023, or 12.6% annualized [18] - Non-interest-bearing deposits were approximately $2.8 billion, relatively flat quarter-over-quarter [19] - The company had approximately $550 million of deposits off balance sheet with partnered banks and another $750 million held at other banks by software clients [21] Company Strategy and Development Direction - The company is focused on widening its lead relative to competitors by investing in systems, processes, and talent to generate attractive future returns for shareholders [30] - The company is actively recruiting across various commercial deposit, lending, and business verticals to build and accelerate strategic initiatives [29] - The FDIC loan purchase is expected to provide incremental net interest income and after-tax income over the next several years [9][17] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to grow loan balances organically by high single digits to low teens year-over-year for the next few quarters [33] - The company anticipates that the pace of cash sorting at Axos Advisory Services has stabilized, representing 4% of assets under custody as of December 31, 2023 [20] - Management noted that the market dislocation and corporate restructuring among competitors have created significant opportunities for growth [29] Other Important Information - The company completed the purchase of two performing commercial real estate and multifamily loan pools from the FDIC with a combined unpaid principal balance of approximately $1.25 billion at 63% of par value [9] - Total noninterest expenses increased by $1.3 million or 1.1% to $122 million in Q2 2024 compared to the previous quarter [31] Q&A Session Summary Question: Margin outlook excluding FDIC loans - Management confirmed that the net interest margin guidance of 4.25% to 4.35% will still hold for the calendar year of 2024 [37] Question: Expense growth details - Management indicated that expense growth generally aligns with the loan growth rate of high single digits to low teens, with some seasonal increases expected [39][40] Question: Loan loss provision increase - Management explained that the higher loan loss provision included aspects related to the loan purchase and unfunded commitments, with a total of $13.5 million for the quarter [46] Question: Specifics around loan loss provision - Management detailed that the loan loss provision was based on a loan-by-loan analysis considering various economic scenarios and attributes of the loans [50]