BAC
Bank of America Corporation
BAC has the edge over FBIZ overall, supported by stronger valuation and stronger modeled upside.
FBIZ
First Business Financial Services, Inc.
FBIZ'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.
FBIZ Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| N/A | |
| N/A |
FBIZ's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for financial services companies like FBIZ.
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 FBIZ in the historical PE scenario, which offers more potential upside but is not a forecast.
FBIZ PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 7.5x | $50.79 | -32% |
| Fair | 8.6x | $58.61 | -22% |
| Expensive | 10x | $68.55 | -8.7% |
| Current | 11x | $75.07 | — |
| Forward | 11x | $75.07 | — |
Historical ranges are pointers, not guarantees.
FBIZ's PE is in its expensive range at 11.0x. If earnings grow as analysts expect, today's price would be 10.6x next year's earnings.
BAC Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| Moderate |
BAC has the edge over FBIZ on the outlook, with more favorable valuation expectations.
FBIZ Forward outlook
| Metric | Outlook |
|---|---|
| Stable | |
| Growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for FBIZ, 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 FBIZ on earnings, with stronger typical year-over-year growth.
FBIZ Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $7.06 | +3.7% |
| Q3 2026 | $6.81 | +12% |
| Q2 2026 | $6.56 | +17% |
| Q1 2026 | $6.07 | +10% |
| Q4 2025 | $5.95 | +14% |
| Q3 2025 | $6.08 | +30% |
| Q2 2025 | $5.62 | +22% |
| Q1 2025 | $5.50 | +27% |
| Q4 2024 | $5.22 | +20% |
FBIZ's earnings per share have climbed steadily: $6.81 over the past year, up 12% from the year before, and higher year over year for 10 quarters in a row.
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 FBIZ on sales, with stronger typical year-over-year growth.
| 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.
FBIZ Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $47.5M | +6.7% |
| Q2 2026 | $46.7M | +14% |
| Q1 2026 | $44.3M | +8.5% |
| Q4 2025 | $42.2M | +2.6% |
| Q3 2025 | $44.5M | +17% |
| Q2 2025 | $41M | +8.1% |
| Q1 2025 | $40.8M | +13% |
| Q4 2024 | $41.2M | +12% |
FBIZ's revenue has grown year over year for 19 quarters in a row: $48M last quarter, up 6.7% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 41% | +1.9 points |
| Q2 2026 | 36% | +3.4 points |
| Q1 2026 | 32% | -0.5 points |
| Q4 2025 | 38% | +1.3 points |
| Q3 2025 | 39% | +5.2 points |
| Q2 2025 | 33% | 0 points |
| Q1 2025 | 33% | +3.7 points |
| Q4 2024 | 37% | +3.1 points |
FBIZ has the edge over BAC on profitability, with a higher operating margin.
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.
FBIZ Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $5.2M | -72% |
| Q2 2026 | $43.6M | +181% |
| Q1 2026 | $2.9M | -74% |
| Q4 2025 | $16.1M | -27% |
| Q3 2025 | $18.3M | +27% |
| Q2 2025 | $15.5M | +23% |
| Q1 2025 | $11.2M | +35% |
| Q4 2024 | $21.9M | +68% |
FBIZ 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 FBIZ 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.
FBIZ Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.5% | +37.9K shares |
| 1 year | +0.9% | +74.5K shares |
| 3 years | +1.7% | +138K shares |
| 5 years | -1.1% | -94.1K shares |
| Available history | -3.2% | -269K shares |
FBIZ has 8M diluted shares, up 0.9% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | $849,000 |
| Q2 2026 | $878,000 |
| Q1 2026 | $811,000 |
| Q4 2025 | $16,000 |
| Q3 2025 | $11,000 |
| Q2 2025 | $586,000 |
| Q1 2025 | $777,000 |
| Q4 2024 | $13,000 |
FBIZ spent $3M buying back its own shares over the past year, up 84% 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.
FBIZ Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -1.3x | Net Cash |
| Q2 2026 | -2.4x | Net Cash |
| Q1 2026 | -2.1x | Net Cash |
| Q4 2025 | -0.6x | Net Cash |
| Q3 2025 | -0.7x | Net Cash |
| Q2 2025 | -2.1x | Net Cash |
| Q1 2025 | -3.0x | Net Cash |
| Q4 2024 | -2.9x | Net Cash |
FBIZ 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).
FBIZ Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 68.6 | Neutral |
| Stochastic | 67.1 | Neutral |
FBIZ's weekly RSI is 69 (neutral) and its Stochastic is 67 (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 is trading at 12x earnings, in line with the Financial Services sector's median of 13x.
FBIZ PE vs Financial Services Sector
| Metric | FBIZ | Sector median | Relative |
|---|---|---|---|
| PE | 11x | 13x | 15% below |
| PE % | 96 | 63 | 33 pts above |
FBIZ has the edge over BAC on valuation relative to its sector.
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.
FBIZ Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $72.3 | 3.8% above |
| 20 week MA | $70.4 | 6.7% above |
| 50 week MA | $62.1 | 21% above |
| 100 week MA | $55.8 | 35% above |
| 200 week MA | $45.8 | 64% above |
FBIZ 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.
FBIZ Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $26.2 | $18.2 | -30% |
| 2021 | $18.2 | $28.8 | +58% |
| 2022 | $28.8 | $36.5 | +27% |
| 2023 | $36.5 | $40.1 | +10% |
| 2024 | $40.1 | $45.9 | +14% |
| 2025 | $45.9 | $55.4 | +21% |
| 2026 YTD | $55.4 | $75.1 | +35% |
FBIZ has the edge over BAC on returns for 2026, with the stronger performance.