Online-based bank BofI Holding Inc. (NASDAQ: BOFI) shares dropped by more than 3% on Friday March 31, 2017, as a New York Post report said that federal agents are conducting a probe of the bank related to possible money-laundering activities.
What shareholders need to remember is that this isn’t new information, nor does it appear to be anything to worry about. The bank has tremendous growth potential in the years ahead, and selling your shares because of a news item like this may be a terrible mistake.