Business Corpus: Highflying Internet Bank Earnings Due, But Spotlight Is On ThisBofI Holding reports after late Tuesday, but the focus may be on the conference call when the online banking pioneer offers details on its recent "material acquisition." The post Highflying Internet Bank Earnings Due, But Spotlight Is On This appeared first on Investor's Business Daily.

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BofI Holding (BOFI) reports late Tuesday, but the focus may be on the conference call when the online banking pioneer should offer details on its recent "material acquisition."

Estimates: Analysts expect BofI Holding earnings per share to jump 24.5% to 61 cents on a 17% revenue gain to $108 million, according to Zacks Investment Research.

Results: To be announced.

BofI Holding's earnings results were originally due after the July 26 market close. But the company pushed back the release at the last minute, citing a possible big deal. That turned out to be BofI's acquisition, announced days ago, of $3 billion in Nationwide Bank deposits.

Stock: Shares popped 1.3% to 40.63 on the stock market today. They have consolidated in a base with a potential 45.28 buy point. But BofI stock continues to test its 50-day line, currently trading below it. The relative strength line, which tracks a stock's performance vs. the S&P 500 index, has drifted lower since late May but isn't that far off record highs.

BofI stock has a solid IBD Composite Rating of 90, surging in the past year on the back of strong earnings and an expanding loan portfolio.

BofI Holding's earnings come after "bank to the tech stars" SVB Financial (SIVB) crushed estimates on July 26 and the nation's biggest banks overcome a slump.

BofI Holding is the holding company for BofI Federal Bank, which is the parent of Bank of Internet USA.

The Nationwide Bank deal follows similar deals with Principal Bank and H&R Block (HRB), as the highflying financial looks to grow and diversify its asset base.

Like BofI's Bank of Internet, Nationwide is a direct, digital bank.

Some analysts commend BofI's asset growth story but are monitoring its margins.

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The post Highflying Internet Bank Earnings Due, But Spotlight Is On This appeared first on Investor's Business Daily.