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Is Axos Financial a Buy While It's Down?

Matthew Frankel, CFP, The Motley Fool
Is Axos Financial a Buy While It's Down?

Online banking company Axos Financial (NYSE: AX) hasn't exactly performed well during the COVID-19 pandemic. The stock is down by 28% for the year, which dramatically lags the 5% decline in the S&P 500 and is even underperforming the beaten-down financial sector. While Axos isn't exactly down for no reason, there are several reasons why the bank could be a smart buy while it's still trading cheaply.