AMG
Affiliated Managers Group, Inc.
AMG has the edge over BAC overall, supported by stronger fundamentals.
BAC
Bank of America Corporation
BAC has slightly lower modeled downside risk, despite its lower overall score.
AMG Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| N/A | |
| N/A |
AMG's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for financial services companies like AMG.
BAC Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| N/A | |
| N/A |
BAC's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for financial services companies like BAC.
AMG PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 8.7x | $246 | -38% |
| Forward | 9.3x | $393 | — |
| Fair | 12x | $353 | -10% |
| Current | 14x | $393 | — |
| Expensive | 20x | $555 | +41% |
Historical ranges are pointers, not guarantees.
AMG's PE is in its fair range at 14x. If earnings grow as analysts expect, today's price would be 9.3x next year's earnings, in its cheap range.
BAC PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 9.4x | $39.50 | -22% |
| Forward | 10x | $50.51 | — |
| Current | 12x | $50.51 | — |
| Fair | 13x | $53.81 | +6.5% |
| Expensive | 15x | $62.23 | +23% |
Historical ranges are pointers, not guarantees.
BAC has the edge over AMG in the historical PE scenario, which offers more potential upside but is not a forecast.
AMG Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for AMG, with profitability improving.
BAC Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for BAC, with profitability improving.
AMG Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $42.30 | +49% |
| Q3 2026 | $28.30 | +68% |
| Q2 2026 | $28.53 | +108% |
| Q1 2026 | $24.38 | +85% |
| Q4 2025 | $22.74 | +50% |
| Q3 2025 | $16.82 | +9.2% |
| Q2 2025 | $13.73 | -20% |
| Q1 2025 | $13.19 | -27% |
| Q4 2024 | $15.13 | -13% |
AMG earned $28.30 per share over the past year, up 68% from the year before.
BAC Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $4.92 | +17% |
| Q3 2026 | $4.19 | +14% |
| Q2 2026 | $4.34 | +27% |
| Q1 2026 | $4.02 | +20% |
| Q4 2025 | $3.81 | +19% |
| Q3 2025 | $3.66 | +33% |
| Q2 2025 | $3.41 | +20% |
| Q1 2025 | $3.35 | +16% |
| Q4 2024 | $3.21 | +4.2% |
BAC's earnings per share have climbed steadily: $4.19 over the past year, up 14% from the year before, and higher year over year for eight quarters in a row.
AMG Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $595.2M | +13% |
| Q2 2026 | $640.7M | +30% |
| Q1 2026 | $544.9M | +9.7% |
| Q4 2025 | $556.6M | +6.2% |
| Q3 2025 | $528M | +2.2% |
| Q2 2025 | $493.2M | -1.4% |
| Q1 2025 | $496.6M | -0.7% |
| Q4 2024 | $524.3M | +4.3% |
AMG's revenue has grown year over year for five quarters in a row: $595M last quarter, up 13% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 54% | -14 points |
| Q2 2026 | 48% | +13 points |
| Q1 2026 | 35% | +9.9 points |
| Q4 2025 | 94% | +42 points |
| Q3 2025 | 69% | +27 points |
| Q2 2025 | 35% | -0.9 points |
| Q1 2025 | 25% | -25 points |
| Q4 2024 | 52% | -2.3 points |
AMG has the edge over BAC on profitability, with a higher operating margin.
BAC Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $30B | +6.7% |
| Q2 2026 | $31.6B | +19% |
| Q1 2026 | $30.3B | +11% |
| Q4 2025 | $31.2B | +23% |
| Q3 2025 | $28.1B | +11% |
| Q2 2025 | $26.5B | +4.3% |
| Q1 2025 | $27.4B | +6% |
| Q4 2024 | $25.3B | +15% |
BAC has the edge over AMG on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 30% | -3.7 points |
| Q2 2026 | 37% | +7.6 points |
| Q1 2026 | 34% | +4.7 points |
| Q4 2025 | 40% | +12 points |
| Q3 2025 | 34% | +4.8 points |
| Q2 2025 | 29% | -0.7 points |
| Q1 2025 | 30% | +1.5 points |
| Q4 2024 | 28% | +14 points |
BAC's operating margin was 30% last quarter, down 3.7 points from the same quarter a year ago.
AMG Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $360.1M | +31% |
| Q2 2026 | $239M | +4.2% |
| Q1 2026 | $295.5M | +43% |
| Q4 2025 | $254.5M | +20% |
| Q3 2025 | $275.9M | +4.3% |
| Q2 2025 | $229.4M | -6.2% |
| Q1 2025 | $207.3M | -0.4% |
| Q4 2024 | $211.4M | -15% |
AMG has the edge over BAC on cash flow, with more consistent year-over-year improvement.
BAC Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$6.5B | -114% |
| Q2 2026 | $29B | +$38.2B |
| Q1 2026 | $41.8B | +$44B |
| Q4 2025 | -$22.9B | -189% |
| Q3 2025 | $46.9B | +$84.2B |
| Q2 2025 | -$9.1B | -150% |
| Q1 2025 | -$2.2B | +$13.4B |
| Q4 2024 | $25.9B | -21% |
BAC's free cash flow was $41.4B over the past year, down 33% from the year before. Free cash flow isn't a meaningful measure for financial services companies like BAC.
AMG Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -3% | -800K shares |
| 1 year | -21% | -6.8M shares |
| 3 years | -38% | -16M shares |
| 5 years | -43% | -19.3M shares |
| Available history | -48% | -24.5M shares |
AMG has the edge over BAC on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $402.6M |
| Q2 2026 | $179.7M |
| Q1 2026 | $185.1M |
| Q4 2025 | $353.1M |
| Q3 2025 | $75.7M |
| Q2 2025 | $101.3M |
| Q1 2025 | $176.2M |
| Q4 2024 | $120.3M |
AMG spent $1.1B buying back its own shares over the past year, up 137% from the year before.
BAC Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1% | -72M shares |
| 1 year | -5.3% | -405M shares |
| 3 years | -11% | -854M shares |
| 5 years | -15% | -1.3B shares |
| Available history | -24% | -2.2B shares |
BAC has 7.2B diluted shares, down 5.3% from a year ago, with $25.6B in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $6B |
| Q2 2026 | $6B |
| Q1 2026 | $7.2B |
| Q4 2025 | $6.3B |
| Q3 2025 | $5.3B |
| Q2 2025 | $5.3B |
| Q1 2025 | $4.5B |
| Q4 2024 | $3.5B |
BAC spent $25.6B buying back its own shares over the past year, up 37% from the year before.
AMG Net Leverage
BAC Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 6.4x | High |
| Q2 2026 | 6.7x | High |
| Q1 2026 | 7.1x | High |
| Q4 2025 | 7.7x | High |
| Q3 2025 | 8.3x | High |
| Q2 2025 | 8.8x | High |
| Q1 2025 | 8.6x | High |
| Q4 2024 | 9.0x | High |
BAC's net debt is about 6.4 years of its operating earnings (EBITDA), down from 8.3 years a year ago. Net leverage isn't a meaningful measure for financial services companies like BAC.
AMG Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 63.3 | Neutral |
| Stochastic | 62.0 | Neutral |
AMG's weekly RSI is 63 (neutral) and its Stochastic is 62 (neutral).
BAC Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 37.1 | Neutral |
| Stochastic | 4.9 | Oversold |
BAC's weekly RSI is 37 (neutral) and its Stochastic is 5 (oversold).
AMG PE vs Financial Services Sector
| Metric | AMG | Sector median | Relative |
|---|---|---|---|
| PE | 14x | 13x | 6.8% above |
| PE % | 59 | 63 | 4 pts below |
AMG is trading at 14x earnings, in line with the Financial Services sector's median of 13x.
BAC PE vs Financial Services Sector
| Metric | BAC | Sector median | Relative |
|---|---|---|---|
| PE | 12x | 13x | 7.5% below |
| PE % | 40 | 63 | 23 pts below |
BAC has the edge over AMG on valuation relative to its sector.
AMG Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $379.7 | 3.6% above |
| 20 week MA | $369.8 | 6.4% above |
| 50 week MA | $328.5 | 20% above |
| 100 week MA | $264.2 | 49% above |
| 200 week MA | $209.8 | 88% above |
AMG has the edge over BAC on trend strength, trading above more of its moving averages.
BAC Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $52.1 | 3% below |
| 20 week MA | $57.8 | 13% below |
| 50 week MA | $54.7 | 7.7% below |
| 100 week MA | $50.5 | 0% below |
| 200 week MA | $42.5 | 19% above |
BAC has fallen below most of its moving averages, though it's still 19% above its 200-week average.
AMG Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $85.0 | $101.7 | +20% |
| 2021 | $101.7 | $160.8 | +58% |
| 2022 | $160.8 | $156.9 | -2.4% |
| 2023 | $156.9 | $151.4 | -3.5% |
| 2024 | $151.4 | $187.6 | +24% |
| 2025 | $187.6 | $296.1 | +58% |
| 2026 YTD | $296.1 | $393.5 | +33% |
AMG has the edge over BAC on returns for 2026, with the stronger performance.
BAC Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $35.4 | $30.0 | -15% |
| 2021 | $30.0 | $44.4 | +48% |
| 2022 | $44.4 | $32.5 | -27% |
| 2023 | $32.5 | $33.7 | +3.7% |
| 2024 | $33.7 | $44.3 | +32% |
| 2025 | $44.3 | $56.2 | +27% |
| 2026 YTD | $56.2 | $50.5 | -10% |
BAC has finished higher in four of the last six years. It's down 10% so far in 2026.