BAC
Bank of America Corporation
BAC has the edge over GL overall, supported by stronger fundamentals and stronger modeled upside.
GL
Globe Life Inc.
GL offers stronger valuation, but that advantage does not outweigh its weaker overall profile.
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.
GL Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| N/A | |
| N/A |
GL's profitability is currently healthy, and its revenue is stable. Free cash flow and net leverage aren't meaningful measures for financial services companies like GL.
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 GL in the historical PE scenario, which offers more potential upside but is not a forecast.
GL PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 9.9x | $148 | -7.4% |
| Forward | 10x | $160 | — |
| Current | 11x | $160 | — |
| Fair | 13x | $187 | +17% |
| Expensive | 14x | $216 | +35% |
Historical ranges are pointers, not guarantees.
GL's PE is in its cheap range at 11x. On analysts' estimates for next year's earnings, today's price would be 10x.
BAC Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| Moderate |
BAC has the edge over GL on the outlook, with more favorable earnings and profitability expectations.
GL Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Stable | |
| Growth | |
| Weakening | |
| Limited | |
| High |
Analysts expect GL's revenue to grow, but its profitability to weaken.
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 GL on earnings, with stronger typical year-over-year growth.
GL Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $15.97 | +6.9% |
| Q3 2026 | $14.94 | +8.3% |
| Q2 2026 | $15.05 | +20% |
| Q1 2026 | $14.45 | +18% |
| Q4 2025 | $14.07 | +18% |
| Q3 2025 | $13.79 | +17% |
| Q2 2025 | $12.50 | +13% |
| Q1 2025 | $12.28 | +17% |
| Q4 2024 | $11.94 | +18% |
GL's earnings per share have climbed steadily: $14.94 over the past year, up 8.3% from the year before, and higher year over year for 16 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 GL 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 has the edge over GL on profitability, with a higher operating margin.
GL Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.6B | +5.5% |
| Q2 2026 | $1.6B | +8% |
| Q1 2026 | $1.6B | +5.3% |
| Q4 2025 | $1.5B | +3.6% |
| Q3 2025 | $1.5B | +4% |
| Q2 2025 | $1.5B | +2.8% |
| Q1 2025 | $1.5B | +4.5% |
| Q4 2024 | $1.5B | +3.6% |
GL's revenue has grown year over year every quarter since late 2020: $1.6B last quarter, up 5.5% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 28% | -3.9 points |
| Q2 2026 | 22% | +1 points |
| Q1 2026 | 21% | +0.1 points |
| Q4 2025 | 22% | +0.4 points |
| Q3 2025 | 32% | +5.2 points |
| Q2 2025 | 21% | -2.4 points |
| Q1 2025 | 21% | -1.8 points |
| Q4 2024 | 21% | -1.8 points |
GL's operating margin was 28% last quarter, down 3.9 points from the same quarter a year ago, near the top of its range since 2019.
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.
GL Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $310.8M | +49% |
| Q2 2026 | $297.6M | +0.9% |
| Q1 2026 | $396M | -5.7% |
| Q4 2025 | $330.1M | +2.5% |
| Q3 2025 | $208.7M | -33% |
| Q2 2025 | $295M | -17% |
| Q1 2025 | $420.1M | +23% |
| Q4 2024 | $321.9M | -15% |
GL's free cash flow was $1.3B over the past year, up 7.1% from the year before. Free cash flow isn't a meaningful measure for financial services companies like GL.
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 GL 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.
GL Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.9% | -685K shares |
| 1 year | -4.6% | -3.8M shares |
| 3 years | -18% | -17.6M shares |
| 5 years | -24% | -24.2M shares |
| Available history | -30% | -33.2M shares |
GL has 78M diluted shares, down 4.6% from a year ago, with $925M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $218M |
| Q2 2026 | $274.7M |
| Q1 2026 | $240.5M |
| Q4 2025 | $192.3M |
| Q3 2025 | $173.9M |
| Q2 2025 | $250.3M |
| Q1 2025 | $264.5M |
| Q4 2024 | $51.7M |
GL spent $925M buying back its own shares over the past year, up 25% 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.
GL Net Leverage
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).
GL Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 46.4 | Neutral |
| Stochastic | 13.7 | Oversold |
GL's weekly RSI is 46 (neutral) and its Stochastic is 14 (oversold).
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.
GL PE vs Financial Services Sector
| Metric | GL | Sector median | Relative |
|---|---|---|---|
| PE | 11x | 13x | 18% below |
| PE % | 29 | 63 | 34 pts below |
GL 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.
GL Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $162.1 | 1.2% below |
| 20 week MA | $171.2 | 6.5% below |
| 50 week MA | $156.9 | 2.1% above |
| 100 week MA | $141.9 | 13% above |
| 200 week MA | $124.6 | 28% above |
GL 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.
GL Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $105.9 | $92.9 | -12% |
| 2021 | $92.9 | $92.7 | -0.2% |
| 2022 | $92.7 | $120.1 | +30% |
| 2023 | $120.1 | $121.7 | +1.3% |
| 2024 | $121.7 | $109.5 | -10% |
| 2025 | $109.5 | $142.2 | +30% |
| 2026 YTD | $142.2 | $160.1 | +13% |
GL has the edge over BAC on returns for 2026, with the stronger performance.