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Stock impact report

Axos Financial Loan Growth Tied To Verdant Deal And AI Efficiency [Yahoo! Finance]

Axos Financial, Inc. (AX) 
Company Research Source: Yahoo! Finance
Axos Financial (NYSE:AX) has acquired Verdant Commercial Capital, expanding its commercial finance footprint and loan portfolio. The company is using artificial intelligence to improve operational efficiency across its banking platform. Management reports that these moves are tied to growth in loans, net interest income, and non interest income. Axos Financial, trading at $94.64, has seen its share price rise 35.9% over the past year and 119.5% over the past five years. The stock is also up 9.1% over the past 30 days and 87.4% over the past three years, which puts recent news about Verdant Commercial Capital and artificial intelligence in a useful context for investors watching NYSE:AX. For you as an investor, the key question is how Axos integrates Verdant and builds on its artificial intelligence initiatives over time. The combination of a larger commercial platform and efficiency focused technology could influence future earnings drivers and the company's risk profile, so Show less Read more
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