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Stocks A / Axos Financial (was BOFI)

URL:  https://boards.fool.com/i-had-expected-the-favourable-court-decision-to-32417829.aspx

Subject:  Re: Erhart Court Decision Date:  9/30/2016  4:12 AM
Author:  stefaith Number:  143 of 171

I had expected the favourable court decision to give a boost to BOFI's stock price, which it did, temporarily. Since then it has dropped then yo-yoed down and up. I find this all very hard to understand, particularly in view of BOFI's sound financial reports.

For the long haul I think that problems surfacing at Wells Fargo will not only damage peoples confidence in WFC, but will also sour public perception of all big banks. This may well work in BOFI's favour. If the big banks lose a small percentage of their customers and BOFI picks up a similar small fraction of these accounts it could give a huge boost to their customer base given the differences in size.
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