BAC
Bank of America Corporation
BAC has a slight edge over BWIN overall, supported by lower modeled downside and stronger fundamentals.
BWIN
The Baldwin Insurance Group, Inc.
BWIN's outlook is improving, though it still trails on the overall score.
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.
BWIN Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Weak | |
| N/A | |
| N/A |
BWIN's revenue is currently strong, but its profitability is weak. Free cash flow and net leverage aren't meaningful measures for financial services companies like BWIN.
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's PE is in its fair range at 12x. If earnings grow as analysts expect, today's price would be 10x next year's earnings, in its cheap range.
BWIN PE Valuation
BWIN has no meaningful PE right now: it lost money over the past year.
BAC Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for BAC, with profitability improving.
BWIN Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Strong growth | |
| Growth | |
| Improving | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for BWIN, 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 has the edge over BWIN on earnings quality, reporting a profit while its opponent remains loss making.
BWIN Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.37 | — |
| Q3 2026 | -$1.41 | -$0.98 |
| Q2 2026 | -$1.05 | -$0.76 |
| Q1 2026 | -$0.68 | -$0.16 |
| Q4 2025 | -$0.50 | -$0.11 |
| Q3 2025 | -$0.43 | +$0.22 |
| Q2 2025 | -$0.29 | +$0.52 |
| Q1 2025 | -$0.52 | +$0.41 |
| Q4 2024 | -$0.39 | +$1.11 |
BWIN lost $1.41 per share over the past year, and its loss has widened in each of the last five quarters.
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 BWIN on profitability, with a higher operating margin.
BWIN Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $480.3M | +31% |
| Q2 2026 | $492.9M | +30% |
| Q1 2026 | $532.2M | +29% |
| Q4 2025 | $347.3M | +5.3% |
| Q3 2025 | $365.4M | +7.8% |
| Q2 2025 | $378.8M | +11% |
| Q1 2025 | $413.4M | +8.7% |
BWIN has the edge over BAC on sales, with stronger typical year-over-year growth.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -9% | -9.9 points |
| Q2 2026 | -1.7% | -9.1 points |
| Q1 2026 | -19% | -33 points |
| Q4 2025 | -3.8% | -2.2 points |
| Q3 2025 | 0.9% | -3.7 points |
| Q2 2025 | 7.4% | +2.5 points |
| Q1 2025 | 14% | +4.5 points |
| Q4 2024 | -1.7% | N/A |
BWIN's operating margin was −9% last quarter, down 9.9 points from the same quarter a year ago, near the bottom of its range since 2024.
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.
BWIN Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $39.2M | +22% |
| Q2 2026 | $30.4M | +$58.5M |
| Q1 2026 | -$18.7M | +$54.2M |
| Q4 2025 | -$84K | -102% |
| Q3 2025 | $32.2M | +$40.2M |
| Q2 2025 | -$28.1M | -140% |
| Q1 2025 | -$72.9M | -$67.7M |
| Q4 2024 | $4.3M | -71% |
BWIN's free cash flow was $51M over the past year, against −$65M the year before. Free cash flow isn't a meaningful measure for financial services companies like BWIN.
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 BWIN 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.
BWIN Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.2% | +168K shares |
| 1 year | +35% | +24.3M shares |
| 3 years | +53% | +32.4M shares |
| 5 years | +100% | +46.5M shares |
| Available history | +368% | +73.1M shares |
BWIN has 93M diluted shares, up 35% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | $79.9M |
| Q1 2026 | $47M |
| Q3 2021 | — |
| Q3 2020 | — |
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.
BWIN Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 2.1x | Moderate |
| Q2 2026 | 1.9x | Healthy |
| Q1 2026 | 0.8x | Very low |
| Q4 2025 | 7.8x | High |
| Q3 2025 | -0.1x | Net Cash |
| Q2 2025 | 0.1x | Very low |
| Q1 2025 | -0.4x | Net Cash |
| Q4 2024 | 7.5x | High |
BWIN 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).
BWIN Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 63.1 | Neutral |
| Stochastic | 86.7 | Overbought |
BWIN's weekly RSI is 63 (neutral) and its Stochastic is 87 (overbought).
BAC PE vs Financial Services Sector
| Metric | BAC | Sector median | Relative |
|---|---|---|---|
| PE | 12x | 13x | 7.5% below |
| PE % | 40 | 63 | 23 pts below |
BAC is trading at 12x earnings, in line with the Financial Services sector's median of 13x.
BWIN PE vs Financial Services Sector
BWIN has no meaningful PE right now: it lost money over the past year.
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.
BWIN Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $31.9 | 0.4% above |
| 20 week MA | $30.4 | 5.4% above |
| 50 week MA | $25.4 | 26% above |
| 100 week MA | $30.9 | 3.6% above |
| 200 week MA | $30.7 | 4.3% above |
BWIN 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.
BWIN Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $15.6 | $30.3 | +94% |
| 2021 | $30.3 | $34.8 | +15% |
| 2022 | $34.8 | $26.0 | -25% |
| 2023 | $26.0 | $24.0 | -7.5% |
| 2024 | $24.0 | $38.8 | +62% |
| 2025 | $38.8 | $25.6 | -34% |
| 2026 YTD | $25.6 | $32.0 | +25% |
BWIN has the edge over BAC on returns for 2026, with the stronger performance.