BAC
Bank of America Corporation
BAC has lower modeled downside risk, despite its lower overall score.
BGC
BGC Group, Inc
BGC has the edge over BAC overall, supported by stronger valuation and stronger fundamentals.
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.
BGC Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Strong | |
| N/A | |
| N/A |
BGC's profitability is currently strong, and its revenue is stable. Free cash flow and net leverage aren't meaningful measures for financial services companies like BGC.
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 BGC in the historical PE scenario, which offers more potential upside but is not a forecast.
BGC PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 7.2x | $11.14 | — |
| Cheap | 22x | $10.67 | -4.2% |
| Current | 23x | $11.14 | — |
| Fair | 36x | $17.43 | +56% |
| Expensive | 68x | $33.15 | +198% |
Historical ranges are pointers, not guarantees.
BGC's PE is in its cheap range at 23x. If earnings grow as analysts expect, today's price would be 7.2x next year's earnings.
BAC Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for BAC, with profitability improving.
BGC Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Growth | |
| Growth | |
| Improving | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for BGC, with profitability improving.
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.
BGC Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.54 | +215% |
| Q3 2026 | $0.49 | +53% |
| Q2 2026 | $0.41 | +41% |
| Q1 2026 | $0.37 | +42% |
| Q4 2025 | $0.31 | +24% |
| Q3 2025 | $0.32 | +28% |
| Q2 2025 | $0.29 | +16% |
| Q1 2025 | $0.26 | +117% |
| Q4 2024 | $0.25 | +257% |
BGC has the edge over BAC on earnings, with stronger typical year-over-year growth.
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's revenue has grown year over year for 10 quarters in a row: $30B last quarter, up 6.7% from the same quarter a year ago.
| 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 has the edge over BGC on profitability, with a higher operating margin.
BGC Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $832.6M | +13% |
| Q2 2026 | $845.5M | +7.8% |
| Q1 2026 | $955.5M | +44% |
| Q4 2025 | $756.4M | +32% |
| Q3 2025 | $736.8M | +31% |
| Q2 2025 | $784M | +42% |
| Q1 2025 | $664.2M | +15% |
| Q4 2024 | $572.3M | +11% |
BGC has the edge over BAC on sales, with stronger typical year-over-year growth.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 12% | +7.2 points |
| Q2 2026 | 12% | +2.1 points |
| Q1 2026 | 12% | 0 points |
| Q4 2025 | 3.3% | -1.5 points |
| Q3 2025 | 4.5% | +1 points |
| Q2 2025 | 9.6% | -0.4 points |
| Q1 2025 | 12% | -0.3 points |
| Q4 2024 | 4.8% | -1.4 points |
BGC's operating margin was 12% last quarter, up 7.2 points from the same quarter a year ago.
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.
BGC Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $205.9M | +50% |
| Q2 2026 | $156.7M | +141% |
| Q1 2026 | $15.4M | +$19.8M |
| Q4 2025 | $175.1M | -29% |
| Q3 2025 | $137.2M | +74% |
| Q2 2025 | $65M | +$128.4M |
| Q1 2025 | -$4.4M | -118% |
| Q4 2024 | $245.6M | +46% |
BGC has the edge over BAC on cash flow, with more consistent year-over-year improvement.
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 the edge over BGC on shareholder dilution, with a more favorable share count trend.
| 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.
BGC Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.5% | -2.6M shares |
| 1 year | -0.4% | -2.1M shares |
| 3 years | -0.3% | -1.2M shares |
| 5 years | -14% | -80.7M shares |
| Available history | +38% | +132M shares |
BGC has 476M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | $121.3M |
| Q2 2026 | $112.4M |
| Q1 2026 | $2.3M |
| Q4 2025 | $68M |
| Q3 2025 | $41.9M |
| Q2 2025 | $148.5M |
| Q1 2025 | $23.1M |
| Q4 2024 | $50M |
BGC spent $304M buying back its own shares over the past year, up 15% from the year before.
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.
BGC Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 2.2x | Moderate |
| Q2 2026 | 2.7x | Moderate |
| Q1 2026 | 2.8x | Moderate |
| Q4 2025 | 3.0x | Moderate |
| Q3 2025 | 3.4x | Elevated |
| Q2 2025 | 3.8x | Elevated |
| Q1 2025 | 2.7x | Moderate |
| Q4 2024 | 2.5x | Moderate |
BGC has the edge over BAC on leverage, with a lower net debt burden relative to earnings.
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).
BGC Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 48.8 | Neutral |
| Stochastic | 34.5 | Neutral |
BGC's weekly RSI is 49 (neutral) and its Stochastic is 34 (neutral).
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 BGC on valuation relative to its sector.
BGC PE vs Financial Services Sector
| Metric | BGC | Sector median | Relative |
|---|---|---|---|
| PE | 23x | 13x | 75% above |
| PE % | 16 | 63 | 47 pts below |
BGC is trading at 23x earnings, a 75% premium to the Financial Services sector's median of 13x.
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.
BGC Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $11.4 | 2.5% below |
| 20 week MA | $11.5 | 3% below |
| 50 week MA | $10.6 | 4.9% above |
| 100 week MA | $10.0 | 11% above |
| 200 week MA | $8.45 | 32% above |
BGC has the edge over BAC on trend strength, trading above more of its moving averages.
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.
BGC Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $5.90 | $4.15 | -30% |
| 2021 | $4.15 | $4.62 | +11% |
| 2022 | $4.62 | $3.83 | -17% |
| 2023 | $3.83 | $7.22 | +89% |
| 2024 | $7.22 | $9.10 | +26% |
| 2025 | $9.10 | $9.09 | -0.1% |
| 2026 YTD | $9.09 | $11.1 | +23% |
BGC has the edge over BAC on returns for 2026, with the stronger performance.