5 Best American Bank Stocks to Buy According to Wall Street Analysts

In this article, we are going to look at the 5 Best American Bank Stocks to Buy According to Wall Street Analysts. For a longer list and more details on how we picked these stocks, you can go to 11 Best American Bank Stocks to Buy According to Wall Street Analysts.

5. Axos Financial, Inc. (NYSE:AX)

Axos Financial, Inc. (NYSE:AX) is one of the best American bank stocks to buy according to Wall Street analysts. On March 9, DA Davidson reaffirmed its Buy rating on Axos Financial, Inc. (NYSE:AX) with a price target of $112 on the stock.

DA Davidson noted that the company is an internet-based bank with a mix of business lines, including commercial lending, mass market and specialty deposits, and an expanding securities segment. The research firm pointed out that Axos Financial, Inc.’s (NYSE:AX) branchless structure helps it stay nimble and profitable.

According to DA Davidson, this model gives the company a cost advantage over other institutions, helping Axos Financial, Inc. (NYSE:AX) to offer higher rates to deposit customers. The company has also built streamlined processes within its operations and continues to work on its in-house digital platform to improve integration across business lines.

The research firm also noted that Axos Financial, Inc. (NYSE:AX) is not held back by legacy structures in most of its business areas. DA Davidson pointed to the company’s forward-thinking management as a factor that supports its long-term outlook.

Axos Financial, Inc. (NYSE:AX) is an American bank holding company for Axos Bank, Axos Clearing LLC, and Axos Invest, Inc. It provides a comprehensive suite of digital-first consumer and commercial banking, securities clearing, and investment services.