Donald Trump's Lenders of Last Resort: Subprime Auto King and Online Bank [BNN Bloomberg (Canada)]
Axos Financial, Inc. (AX)
Company Research
Source: BNN Bloomberg
It's “not a great state anymore,” he added. But it's where he's turning for crucial support from a small group of financiers. Don Hankey, the billionaire who's known as Los Angeles's subprime auto king, arranged Trump's $175 million appeal bond in New York state's civil fraud suit. Hankey is also the largest individual shareholder in Axos Financial Inc., the San Diego-based online lender that refinanced the former president's $100 million Trump Tower loan as his asset valuations were in question and floated him $125 million more for his Doral property. Trump's cash crunch in the face of mounting legal costs is revealing who's willing to come to his aid as he seeks another term in the White House. While some on Wall Street may donate to his campaign, co-mingling financial interests is seen as another matter after he was found to have inflated the value of his assets by billions of dollars in bank transactions. “In my view, it's the low-end, high-flying lenders who are willing
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News
- Earnings Beat: Axos Financial, Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models [Yahoo! Finance]Yahoo! Finance
- Axos Financial, Inc. (NYSE: AX) had its "outperform" rating re-affirmed by analysts at Keefe, Bruyette & Woods. They now have a $79.00 price target on the stock, up previously from $77.00.MarketBeat
- Axos Financial, Inc. (NYSE: AX) had its price target raised by analysts at Piper Sandler from $65.00 to $68.00. They now have an "overweight" rating on the stock.MarketBeat
- Axos Financial, Inc. (NYSE:AX) Q3 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Axos Financial, Inc. (NYSE: AX) had its "neutral" rating re-affirmed by analysts at Wedbush. They now have a $60.00 price target on the stock.MarketBeat
AX
Earnings
- 4/30/24 - Beat
AX
Sec Filings
- 4/30/24 - Form 10-Q
- 4/30/24 - Form 8-K
- 3/27/24 - Form 4
- AX's page on the SEC website