 Online banking company Axos Financial NYSE: AX hasnt exactly performed well during the COVID-19 pandemic. The stock is down by 28 for the year, which dramatically lags the 5 decline in the SP; 500 and is even underperforming the beaten-down financial sector. While Axos isnt exactly down for no reason, there are several reasons why the bank could be a smart buy while its still trading cheaply. 