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An update from Axos Financial ( (AX) ) is now available.
On May 2, 2026, Axos Bank, the digital banking subsidiary of Axos Financial, Inc., completed the acquisition of all U.S. consumer deposits of Jenius Bank, a digital banking business of SMBC MANUBANK. The transaction, executed under a Purchase and Assumption Agreement dated February 12, 2026, transferred approximately $2.3 billion in deposits to Axos Bank, with the bank receiving cash net of a negotiated premium.
The completed deal significantly enlarges Axos Bank’s consumer deposit base and reinforces its position in the competitive digital banking space. By absorbing Jenius Bank’s U.S. consumer deposits, Axos deepens its funding capabilities, potentially enhancing balance sheet flexibility and supporting future loan growth and product expansion for its online banking franchise.
The most recent analyst rating on (AX) stock is a Buy with a $110.00 price target. To see the full list of analyst forecasts on Axos Financial stock, see the AX Stock Forecast page.
Spark’s Take on AX Stock
According to Spark, TipRanks’ AI Analyst, AX is a Neutral.
The score is driven primarily by solid underlying fundamentals (strong balance sheet/ROE and good cash conversion) and a favorable valuation (low P/E), reinforced by upbeat loan-growth guidance and deposit-funding initiatives. These positives are tempered by a weak technical backdrop (price below key moving averages with soft momentum) and a meaningful TTM financial data consistency concern that warrants verification of near-term performance.
To see Spark’s full report on AX stock, click here.
More about Axos Financial
Axos Financial, Inc. is a U.S.-based financial services company whose primary subsidiary, Axos Bank, operates as a digital-focused bank. The institution offers consumer and business banking products and services, leveraging online channels to compete in the evolving digital banking market and expand its national deposit-gathering franchise.
Average Trading Volume: 403,802
Technical Sentiment Signal: Buy
Current Market Cap: $4.95B
See more insights into AX stock on TipRanks’ Stock Analysis page.