Better Buy: BofI Holding, Inc. vs. Bank of America
On the back of a still-humming economy, gradually rising interest rates, and the prospect of a big corporate tax cut, U.S. banks have been doing well lately. Two that have put up encouraging numbers are old-line incumbent Bank of America (NYSE: BAC) and BofI Holding (NASDAQ: BOFI), owner of branchless lender Bank of the Internet.
Although very different on the surface, at heart they make money from the classic and eternal lend-and-profit model that has always worked for banks. So we can compare the two to see which one is the better investment these days.
Source: Fool.com