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home / articles / AX - Axos (AX) Faces Scrutiny After Hindenburg Again Raises Concerns About Lending Practices – Hagens Berman | Benzinga

AX - Axos (AX) Faces Scrutiny After Hindenburg Again Raises Concerns About Lending Practices – Hagens Berman | Benzinga

Axos Financial Inc.

  • SAN FRANCISCO, June 24, 2024 (GLOBE NEWSWIRE) -- Hagens Berman urges Axos Financial, Inc. (NYSE:AX) investors who suffered substantial losses to submit your losses now.

    Visit: www.hbsslaw.com/investor-fraud/ax
    Contact the Firm Now: AX@hbsslaw.com | 844-916-0895

    Axos Financial Inc. (AX) finds itself in the crosshairs of short seller Hindenburg Research, which alleges risky lending practices and potential misrepresentation of the bank's loan portfolio.

    Hindenburg, known for its forensic financial research and uncovering corporate frauds, published a scathing report on June 4, 2024 titled "Axos: Glaring Commercial Real Estate Loan Problems and Lax Underwriting Beneath This Priced-For-Perfection Bank." The report highlights three main areas of concern:

    • Aggressive CRE Exposure: Axos' commercial real estate (CRE) loans reportedly make up a significantly higher portion of its portfolio compared to regional bank averages. This concentration could ...

    AX) Faces Scrutiny After Hindenburg Again Raises Concerns About Lending Practices – Hagens Berman>Full story available on Benzinga.com

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    Stock Information
    Company Name: Axos Financial Inc.
    Stock Symbol: AX
    Market: NYSE
    Website: axosfinancial.com
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