Bank of Internet Archives - Market Mad House

daniel March 5, 2018 Bank of Internet, Bank of Internet is a Terrible Investment, BofI Holding Inc. (NASDAQ: BOFI), BOFI stock, BofI vs the Big Monster Banks, Is BofI a Good Investment?, JPMorgan CHASE NYSE: JPM), Matthew Frankel, The Most Hyped Stock in America, The Most Hyped Stock in America: Bank of Internet, the Motley Fool hype

The Most Hyped Stock in America: Bank of Internet

If you are looking for an income stock that’s likely to be around a few years from now Chase, BoA, and Wells Fargo would be far better investments. It will be a miracle if Bank of Internet is around next year.

Those seeking a next-generation financial solution would be better served by PayPal Holdings (NASDAQ: PYPL). PayPal reported assets of $32.65 billion, $13.047 billion in cash and short-term investments, revenues of $3.744 billion, a net income of $620 million, and a gross profit of $2.072 million for 4th Quarter 2017.

You Missed It

daniel August 6, 2016 Bank of Internet, Bofi Holdings (NASDAQ: BOFI), BOFI is Even Worse than We Thought, BOFI made a $2.4 million loan to a registered sex offender, Jet.com, merica’s sleaziest financial institution, Only Nine Percent of Americans Voted for Donald Trump and Hillary Clinton, Walmart (NYSE: WMT)

Some Big News Stories you missed

Only around nine percent of Americans cast votes for Donald Trump or Hillary Clinton in the presidential primaries, New York Times writers Alicia Parlapano and Adam Pearce noted. That means less than 10% of the US population decided who the presidential nominees for the two major parties would be.

Market Insanity

daniel May 1, 2015March 28, 2016 AAPL, ABX, American Express, Apple Pay, BAC, Bank of America, Bank of Internet, Benjamin Graham, Berkshire Hathaway, BOFI, BofI Holding, Disruptive Technology, EVER, EverBank, EverBank Financial, Foreclosure, mortgages, Mr. Money Mustache, NetBank, PayPal, The Dark Side of BOFI, Value Investing, Warren Buffett

Is Bank of Internet a Value Investment?

The number of delinquent loan balances at BOFI doubled between June 30, 2014, and September 30, 2014, which indicates that the bank’s loan book could quickly melt down.

Long Ideas

daniel April 14, 2015 AAPL, ABX, Amazon, American Express, AMZN, Apple Pay, Apple Stock, Bank of Internet, Benjamin Graham, Berkshire Hathaway, BOFI, BofI Holding, Capital Bank Financial, CBF, Charley Munger, EVER, EverBank, Food Prices, GDOT, Green Dot, lending club, LNKD, Mr. Money Mustache, OnDeck, PayPal, Prosper, Square, Warren Buffett, WMT

What Will PayPal Do Next?

Something else that is also obvious is that PayPal would be an acquisition target; purchasing it would give a large bank, retailer or credit card company access to a vast financial network and tens of millions of potential customers.

Good Stocks

daniel November 18, 2014 AAPL, Apple Pay, BAC, Bank of America, Bank of Internet, BOFI, EverBank, PayPal, US Bancorp

Is Bank of Internet Really Better Than Other Banks?

Payment solutions like Apple Pay make Bank of Internet’s business model obsolete.
Despite its impressive revenue growth Bank of Internet is still a very small niche player.
Bank of Internet simply lacks the resources to challenge giant competitors like Bank of America.
By making banking at any institution more convenient Apple Pay poses a serious challenge to Bank of Internet.