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Axos Financial (NASDAQ:AX – Get Rating) is one of 118 publicly-traded companies in the “Federal savings institutions” industry, but how does it contrast to its rivals? We will compare Axos Financial to related companies based on the strength of its institutional ownership, earnings, dividends, risk, valuation, profitability and analyst recommendations. Insider & Institutional Ownership 77.1% […]
Axos Financial (NYSE:AX – Get Rating) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday, Zacks.com reports. According to Zacks, “Axos Financial Inc. is the holding company for BofI Federal Bank, which provides financing for single and multifamily residential […]
Axos Financial (NYSE:AX – Get Rating) and BankUnited (NYSE:BKU – Get Rating) are both mid-cap finance companies, but which is the better investment? We will compare the two businesses based on the strength of their profitability, valuation, institutional ownership, risk, dividends, earnings and analyst recommendations. Earnings and Valuation This table compares Axos Financial and BankUnited’s […]
Axos Financial (NYSE:AX) Upgraded at Zacks Investment Research etfdailynews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from etfdailynews.com Daily Mail and Mail on Sunday newspapers.
/PRNewswire/ -- UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF CALIFORNIA In re BofI Holding, Inc. Securities Litigation Case No. 15-cv-2324-GPC-KSC Class...
Axos Financial (NYSE:AX) Upgraded by Zacks Investment Research to "Buy" etfdailynews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from etfdailynews.com Daily Mail and Mail on Sunday newspapers.
To print this article, all you need is to be registered or login on Mondaq.com. Loss causation – the causal connection between a defendant's fraudulent conduct and a plaintiff's economic loss – is a required element of a federal securities fraud claim. 1 A typical securities class action is brought on behalf of investors who contend they purchased a company's stock in reliance on corporate misstatements. The investors allege that they purchased their shares at a price artificially inflated by the misstatements, and then suffered damage when the truth about the misstatements was revealed to the market and the stock price dropped.
Below are high-level takeaways on each topic. Securities Filings Remain Elevated Despite the Pandemic Despite unprecedented disruptions to the court system from the COVID-19 pandemic, plaintiffs continued to bring securities class actions at elevated levels in 2020 — a sign that filings will remain high in the year ahead. Based on data from Cornerstone Research through September 30, 2020, plaintiffs were on pace to file approximately 375 federal and state securities class actions through the end of the year. Although lower than the more than 400 actions filed in each of the previous three years, this figure substantially exceeds the 261 cases brought, on average, between 2010 and 2019.
Seventh Circuit Vacates and Remands Class Certification in Securities Fraud Action Carpenters Pension Tr. Fund for N. Cal. v. Allstate Co., No. 19-1830 (7th Cir. July 16, 2020) In a securities fraud case against Allstate Corporation, the Seventh Circuit vacated certification of a plaintiff class for legal error and remanded the case for further consideration. In early 2013, Allstate announced it would be “softening” underwriting standards for its auto insurance business in an effort to attract new customers and increase profitability, but it acknowledged the softer standards held the risk of increasing auto claims frequency. The company’s CEO said the company would monitor claims frequency and adjust business practices as necessary. Two years later, Allstate announced that the growth strategy had indeed increased claims frequency and that it would be retightening underwriting standards. Its stock immediately dropped by more than 10 percent.