BAC
Bank of America Corporation
BAC's fundamentals are strong: its operating margin rose 5 points to 35% and revenue grew 15%. At 12x earnings, it's trading in line with its usual 13x. Analysts expect earnings growth.
ICMB
Investcorp Credit Management BDC, Inc.
There isn't enough reported data to score ICMB yet.
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.
ICMB Fundamentals
| Metric | Status |
|---|---|
| Unavailable | |
| Weak | |
| N/A | |
| N/A |
ICMB's profitability is currently weak. There isn't enough data to rate its revenue. Free cash flow and net leverage aren't meaningful measures for financial services companies like ICMB.
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.
ICMB PE Valuation
ICMB 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.
ICMB Forward outlook
There aren't enough analyst estimates for ICMB to show an outlook.
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 ICMB on earnings quality, reporting a profit while its opponent remains loss making.
ICMB Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$1.65 | -$1.64 |
| Q2 2026 | -$1.41 | -361% |
| Q1 2026 | -$1.36 | -409% |
| Q4 2025 | -$0.61 | -233% |
| Q3 2025 | -$0.01 | -103% |
| Q2 2025 | $0.54 | +$0.82 |
| Q1 2025 | $0.44 | +$0.45 |
| Q4 2024 | $0.46 | +$0.72 |
ICMB lost $1.65 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 has the stronger quarterly revenue trend. Revenue is up 6.7% for BAC versus down 88% for ICMB.
| 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.
ICMB Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q4 2022 | $6.8M | +9.2% |
| Q3 2022 | $6.3M | -2.8% |
| Q2 2022 | $5.8M | -12% |
| Q1 2022 | $5.9M | -1.6% |
| Q4 2021 | $6.2M | -12% |
| Q3 2021 | $6.5M | -7% |
| Q2 2021 | $6.6M | -13% |
| Q1 2021 | $6M | -32% |
ICMB's revenue has slid since its 2019 peak: $717,776 last quarter, down 88% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q4 2024 | 222% | N/A |
| Q4 2022 | 70% | +4.1 points |
| Q3 2022 | 69% | +1.6 points |
| Q2 2022 | 73% | +8.8 points |
| Q1 2022 | 64% | -0.2 points |
| Q4 2021 | 66% | -2.4 points |
| Q3 2021 | 68% | -0.1 points |
| Q2 2021 | 64% | -2.3 points |
ICMB's operating margin was 222% last quarter, up 159 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.
ICMB Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $2.9M | +125% |
| Q2 2026 | $9.3M | +$16M |
| Q1 2026 | $10.8M | +113% |
| Q4 2025 | $12M | +$19.2M |
| Q3 2025 | $1.3M | +167% |
| Q2 2025 | -$6.7M | -161% |
| Q1 2025 | $5.1M | -63% |
| Q4 2024 | -$7.2M | -576% |
ICMB 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 ICMB 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.
ICMB Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -- |
| 1 year | 0% | +1.3K shares |
| 3 years | +0.3% | +39.8K shares |
| 5 years | +2.6% | +366K shares |
| Available history | +5.6% | +764K shares |
ICMB has 14M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q4 2024 | — |
| Q4 2022 | — |
| Q3 2022 | — |
| Q2 2022 | — |
| Q1 2022 | — |
| Q4 2021 | — |
| Q3 2021 | — |
| Q2 2021 | — |
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.
ICMB Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q4 2022 | 7.5x | High |
| Q3 2022 | 9.1x | High |
| Q2 2022 | 8.7x | High |
| Q1 2022 | 10.1x | High |
| Q4 2021 | 9.6x | High |
| Q3 2021 | 8.9x | High |
| Q2 2021 | 9.0x | High |
| Q1 2021 | 7.4x | High |
ICMB's net debt is about 7.5 years of its operating earnings (EBITDA), down from 9.6 years a year ago. Net leverage isn't a meaningful measure for financial services companies like ICMB.
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).
ICMB Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 50.1 | Neutral |
| Stochastic | 41.8 | Neutral |
ICMB's weekly RSI is 50 (neutral) and its Stochastic is 42 (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.
ICMB PE vs Financial Services Sector
| Metric | ICMB | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 13x | — |
ICMB 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.
ICMB Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $0.76 | 39% above |
| 20 week MA | $0.82 | 29% above |
| 50 week MA | $1.63 | 35% below |
| 100 week MA | $2.28 | 54% below |
| 200 week MA | $2.89 | 63% below |
ICMB 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 the edge over ICMB on returns for 2026, with the stronger performance.
ICMB Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $6.75 | $4.48 | -34% |
| 2021 | $4.48 | $4.86 | +8.5% |
| 2022 | $4.86 | $3.65 | -25% |
| 2023 | $3.65 | $3.56 | -2.5% |
| 2024 | $3.56 | $3.05 | -14% |
| 2025 | $3.05 | $2.70 | -11% |
| 2026 YTD | $2.70 | $1.06 | -61% |
ICMB has finished four years in a row lower, and it's down 61% so far in 2026.