BAC
Bank of America Corporation
BAC has the edge over MSIF overall, supported by stronger fundamentals and stronger modeled upside.
MSIF
MSC Income Fund, Inc.
MSIF trails on the overall score without a compensating advantage in the available component scores.
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.
MSIF Fundamentals
| Metric | Status |
|---|---|
| Under pressure | |
| Strong | |
| N/A | |
| N/A |
MSIF's profitability is currently strong, but its revenue is under pressure. Free cash flow and net leverage aren't meaningful measures for financial services companies like MSIF.
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.
MSIF PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Current | 7.4x | $12.44 | — |
| Cheap | 7.8x | $13.06 | +5% |
| Fair | 8.9x | $14.90 | +20% |
| Forward | 8.9x | $12.44 | — |
| Expensive | 10x | $16.73 | +34% |
Historical ranges are pointers, not guarantees.
MSIF has the edge over BAC in the historical PE scenario, which offers more potential upside but is not a forecast.
BAC Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| Moderate |
BAC has the edge over MSIF on the outlook, with more favorable valuation and earnings expectations.
MSIF Forward outlook
| Metric | Outlook |
|---|---|
| Strongly deteriorating | |
| Stable | |
| Growth | |
| Strongly weakening | |
| Limited | |
| Moderate |
Analysts expect MSIF'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's earnings per share have climbed steadily: $4.19 over the past year, up 14% from the year before, and higher year over year for eight quarters in a row.
MSIF Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.39 | -17% |
| Q3 2026 | $1.68 | +5.7% |
| Q2 2026 | $1.63 | +15% |
| Q1 2026 | $1.33 | +6.4% |
| Q4 2025 | $1.36 | +30% |
| Q3 2025 | $1.59 | +121% |
| Q2 2025 | $1.42 | +97% |
| Q1 2025 | $1.25 | +74% |
| Q4 2024 | $1.05 | +46% |
MSIF has the edge over BAC on earnings, with stronger typical year-over-year growth.
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 43% for MSIF.
| 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.
MSIF Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q4 2022 | $13.1M | -43% |
| Q3 2022 | $17.1M | -6.1% |
| Q2 2022 | $3.7M | -85% |
| Q1 2022 | $17.9M | +8.9% |
| Q4 2021 | $23.1M | +42% |
| Q3 2021 | $18.2M | -55% |
| Q2 2021 | $24.7M | +7.4% |
| Q4 2020 | $16.3M | +230% |
MSIF's revenue has slid since its 2020 peak: $13M last quarter, down 43% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q4 2022 | 92% | -2.3 points |
| Q3 2022 | 94% | +1.3 points |
| Q2 2022 | 68% | -29 points |
| Q1 2022 | 93% | +14 points |
| Q4 2021 | 94% | +5.4 points |
| Q3 2021 | 92% | -5.7 points |
| Q2 2021 | 97% | +2.6 points |
| Q1 2021 | 80% | N/A |
MSIF's operating margin was 92% last quarter, down 2.3 points from the same quarter a year ago.
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 MSIF on cash generation, producing positive trailing cash flow while its opponent burns cash.
MSIF Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $31.9M | +117% |
| Q2 2026 | $16.9M | -49% |
| Q1 2026 | -$18.4M | +$54.1M |
| Q4 2025 | -$45.5M | -$30.8M |
| Q3 2025 | $14.7M | -44% |
| Q2 2025 | $32.9M | +$61.2M |
| Q1 2025 | -$72.5M | -$60.9M |
| Q4 2024 | -$14.7M | -136% |
MSIF's free cash flow was −$15M over the past year, against −$40M the year before. Free cash flow isn't a meaningful measure for financial services companies like MSIF.
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 MSIF 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.
MSIF Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -7.9K shares |
| 1 year | -4.2% | -2M shares |
| 3 years | -44% | -35M shares |
| 5 years | +13% | +5.4M shares |
| Available history | +15% | +5.8M shares |
MSIF has 45M diluted shares, down 4.2% from a year ago, with $26M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $671,000 |
| Q2 2026 | — |
| Q1 2026 | $16M |
| Q4 2025 | $9M |
| Q3 2025 | $2.5M |
| Q2 2025 | $146,000 |
| Q1 2025 | — |
| Q4 2024 | $4M |
MSIF spent $26M buying back its own shares over the past year, about four times what it spent 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.
MSIF Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q1 2022 | 8,292.9x | High |
| Q4 2021 | 8,673.8x | High |
| Q3 2021 | 7,131.8x | High |
| Q2 2021 | 6,517.7x | High |
MSIF's net debt is more than 20 years of its operating earnings (EBITDA). Net leverage isn't a meaningful measure for financial services companies like MSIF.
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).
MSIF Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 53.4 | Neutral |
| Stochastic | 61.7 | Neutral |
MSIF's weekly RSI is 53 (neutral) and its Stochastic is 62 (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.
MSIF PE vs Financial Services Sector
| Metric | MSIF | Sector median | Relative |
|---|---|---|---|
| PE | 7.4x | 13x | 43% below |
| PE % | 7 | 24 | 17 pts below |
MSIF 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 |
MSIF has stronger trend alignment. BAC is above 1 of 5 weekly averages versus MSIF above 3 of 3.
MSIF Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $12.0 | 3.9% above |
| 20 week MA | $12.0 | 3.5% above |
| 50 week MA | $12.4 | 0% above |
MSIF has bounced recently, but its long-term trend is still down: it's above its 8- and 20-week averages, but 0% above its 50-week average.
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.
MSIF Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2025 | $16.3 | $13.6 | -16% |
| 2026 YTD | $13.6 | $12.4 | -8.8% |
MSIF has the edge over BAC on returns for 2026, with the stronger performance.