Axos Financial Stock Soars as IBD RS Rating Jumps to 93

Axos Financial (AX) has experienced a significant boost in its IBD SmartSelect Composite Rating, surging to 93. This jump indicates that the stock is now outperforming 93% of all stocks in terms of fundamental and technical criteria. The new score places Axos Financial among the top performers in the financial sector, making it an attractive investment opportunity for those seeking exposure to the sector.

The improvement in Axos Financial's IBD RS Rating can be attributed to several factors. First, the company reported strong earnings growth in Q3, with earnings per share (EPS) up 44% and sales growth of 27%. This robust performance demonstrates Axos Financial's ability to generate revenue and drive profitability. Additionally, Axos Financial holds the No. 1 rank among its peers in the Finance-Savings & Loans industry group, highlighting its competitive edge within the sector.



Another key factor contributing to Axos Financial's improved rating is the moderate buying activity by institutional investors. The company's Accumulation/Distribution Rating of B- indicates that institutional investors have been increasing their holdings over the last 13 weeks. This increased interest from major investors signals a positive outlook for the stock's future performance.



Furthermore, Axos Financial's strong fundamentals and growth prospects have contributed to its improved IBD RS Rating. The company's 97 EPS Rating, which indicates that its recent quarterly and annual earnings growth tops 97% of all stocks, is a testament to its robust financial performance. This, coupled with its solid fundamentals and growth potential, makes Axos Financial an attractive investment opportunity.

The recent jump in Axos Financial's IBD RS Rating is a positive sign for investors. The company's strong earnings growth, competitive position within the sector, and increased institutional interest suggest that it is well-positioned for future growth. While the stock is currently forming a cup without handle pattern, a breakout in heavy trade could signal a strong upward trend. Investors should monitor Axos Financial's EPS growth and sales trends to ensure sustained performance and capitalize on its growth potential.