BAC
Bank of America Corporation
BAC has a slight edge over MBIN overall, supported by stronger valuation and lower modeled downside.
MBIN
Merchants Bancorp
MBIN offers stronger fundamentals, 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.
MBIN Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| N/A | |
| N/A |
MBIN's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for financial services companies like MBIN.
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 MBIN in the historical PE scenario, which offers more potential upside but is not a forecast.
MBIN PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 5.6x | $33.76 | -37% |
| Fair | 6.3x | $38.13 | -29% |
| Expensive | 8.1x | $49.06 | -8.4% |
| Current | 8.8x | $53.56 | — |
| Forward | 9.1x | $53.56 | — |
Historical ranges are pointers, not guarantees.
MBIN's PE is in its expensive range at 8.8x. On analysts' estimates for next year's earnings, today's price would be 9.1x.
BAC Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| Moderate |
BAC has the edge over MBIN on the outlook, with more favorable valuation expectations.
MBIN Forward outlook
| Metric | Outlook |
|---|---|
| Stable | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for MBIN, 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 MBIN on earnings, with more consistent year-over-year improvement.
MBIN Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $5.86 | -3.4% |
| Q3 2026 | $6.07 | +40% |
| Q2 2026 | $4.98 | +9.7% |
| Q1 2026 | $4.10 | -24% |
| Q4 2025 | $3.78 | -40% |
| Q3 2025 | $4.34 | -28% |
| Q2 2025 | $4.54 | -31% |
| Q1 2025 | $5.43 | -15% |
| Q4 2024 | $6.30 | +12% |
MBIN earned $6.07 per share over the past year, up 40% from the year before.
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's operating margin was 30% last quarter, down 3.7 points from the same quarter a year ago.
MBIN Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $224.9M | +31% |
| Q2 2026 | $182.2M | +1.7% |
| Q1 2026 | $175.2M | +20% |
| Q4 2025 | $185.3M | -4.4% |
| Q3 2025 | $171.1M | +14% |
| Q2 2025 | $179.2M | +12% |
| Q1 2025 | $145.9M | -13% |
| Q4 2024 | $193.8M | +22% |
MBIN's revenue is growing: $225M last quarter, up 31% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 59% | +22 points |
| Q2 2026 | 55% | +28 points |
| Q1 2026 | 48% | -4.3 points |
| Q4 2025 | 40% | -26 points |
| Q3 2025 | 38% | -17 points |
| Q2 2025 | 27% | -35 points |
| Q1 2025 | 52% | -16 points |
| Q4 2024 | 66% | +3.4 points |
MBIN 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 has the edge over MBIN on cash generation, producing positive trailing cash flow while its opponent burns cash.
MBIN Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $616.9M | +2472% |
| Q2 2026 | $210.9M | +$336.5M |
| Q1 2026 | -$598.5M | -524% |
| Q4 2025 | -$401.7M | -$385.4M |
| Q3 2025 | $24M | +$521.2M |
| Q2 2025 | -$125.7M | -374% |
| Q1 2025 | $141.2M | +$527.3M |
| Q4 2024 | -$16.3M | -102% |
MBIN's free cash flow was −$172M over the past year, against $23M the year before. Free cash flow isn't a meaningful measure for financial services companies like MBIN.
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 MBIN 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.
MBIN Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.1% | +27K shares |
| 1 year | +0.2% | +82.8K shares |
| 3 years | +6.2% | +2.7M shares |
| 5 years | +6.3% | +2.7M shares |
| Available history | +6.8% | +2.9M shares |
MBIN has 46M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | — |
| Q1 2026 | $3M |
| Q4 2022 | — |
| Q3 2022 | $333 |
| Q2 2022 | $3.9M |
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.
MBIN Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.0x | Net Cash |
| Q2 2026 | -0.0x | Net Cash |
| Q1 2026 | -0.0x | Net Cash |
| Q4 2025 | -0.0x | Net Cash |
| Q3 2025 | -0.0x | Net Cash |
| Q2 2025 | -0.0x | Net Cash |
| Q1 2025 | -0.0x | Net Cash |
| Q4 2024 | -0.0x | Net Cash |
MBIN 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).
MBIN Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 61.0 | Neutral |
| Stochastic | 56.3 | Neutral |
MBIN's weekly RSI is 61 (neutral) and its Stochastic is 56 (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.
MBIN PE vs Financial Services Sector
| Metric | MBIN | Sector median | Relative |
|---|---|---|---|
| PE | 8.8x | 13x | 32% below |
| PE % | 86 | 63 | 23 pts above |
MBIN 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.
MBIN Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $50.8 | 5.5% above |
| 20 week MA | $51.5 | 3.9% above |
| 50 week MA | $46.2 | 16% above |
| 100 week MA | $40.3 | 33% above |
| 200 week MA | $37.9 | 41% above |
MBIN 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.
MBIN Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $13.0 | $18.6 | +43% |
| 2021 | $18.6 | $31.5 | +70% |
| 2022 | $31.5 | $24.5 | -22% |
| 2023 | $24.5 | $42.6 | +74% |
| 2024 | $42.6 | $36.3 | -15% |
| 2025 | $36.3 | $33.7 | -7.2% |
| 2026 YTD | $33.7 | $53.6 | +59% |
MBIN has the edge over BAC on returns for 2026, with the stronger performance.