Better Buy: BofI Holding, Inc. vs. Ally Financial

If you think that brick-and-mortar bank branches are old-fashioned, you may want to look into a direct, or branchless, banking company for your next stock investment. Two interesting players in this space are BofI Holding (NASDAQ: BOFI), a rapidly growing online-based bank, and Ally Financial (NYSE: ALLY), one of the nation's top auto lenders with a massive online banking business.

Here's a quick rundown of the two companies, along with a discussion of the key differences between them, and a call on which may be the better buy now.

Image source: Getty Images.

Source: Fool.com