BAC
Bank of America Corporation
BAC has the edge over OTF overall, supported by stronger fundamentals and stronger valuation.
OTF
Blue Owl Technology Finance Corp.
OTF 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.
OTF Fundamentals
| Metric | Status |
|---|---|
| Unavailable | |
| Stable | |
| N/A | |
| N/A |
OTF's profitability is currently stable. There isn't enough data to rate its revenue. Free cash flow and net leverage aren't meaningful measures for financial services companies like OTF.
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 OTF in the historical PE scenario, which offers more potential upside but is not a forecast.
OTF PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 7x | $5.86 | -38% |
| Forward | 7.2x | $9.46 | — |
| Fair | 8.9x | $7.48 | -21% |
| Current | 11x | $9.46 | — |
| Expensive | 12x | $9.77 | +3.3% |
Historical ranges are pointers, not guarantees.
OTF's PE is in its expensive range at 11x. If earnings grow as analysts expect, today's price would be 7.2x next year's earnings, in its cheap range.
BAC Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| Moderate |
BAC has the edge over OTF on the outlook, with more favorable profitability expectations.
OTF Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Growth | |
| Growth | |
| Strongly weakening | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for OTF, but weaker profitability.
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 OTF on earnings, with more consistent year-over-year improvement.
OTF Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.32 | +57% |
| Q3 2026 | $0.84 | -51% |
| Q2 2026 | $0.86 | -52% |
| Q1 2026 | $0.96 | -32% |
| Q4 2025 | $1.76 | +16% |
| Q3 2025 | $1.73 | +13% |
| Q2 2025 | $1.80 | +45% |
| Q1 2025 | $1.41 | -20% |
| Q4 2024 | $1.52 | -16% |
OTF's earnings per share have fallen from their peak: $0.84 over the past year, against $1.80 in late 2023.
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.
OTF Quarterly Revenue
OTF and BAC do not have enough comparable growth data to identify a winner.
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 OTF on cash generation, producing positive trailing cash flow while its opponent burns cash.
OTF Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $181.6M | +14% |
| Q2 2026 | -$316.7M | +$93.5M |
| Q1 2026 | -$197.3M | -136% |
| Q4 2025 | -$1.2B | -846% |
| Q3 2025 | $158.7M | +$312.3M |
| Q2 2025 | -$410.2M | -$387.2M |
| Q1 2025 | $542.2M | +586% |
| Q4 2024 | $161.7M | -36% |
OTF's free cash flow was −$1.5B over the past year, against $452M the year before. Free cash flow isn't a meaningful measure for financial services companies like OTF.
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 OTF 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.
OTF Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1% | -4.7M shares |
| 1 year | -2.3% | -10.5M shares |
| 3 years | +122% | +251M shares |
OTF has 456M diluted shares, down 2.3% from a year ago, with $225M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $55.2M |
| Q2 2026 | $55.1M |
| Q1 2026 | $50.2M |
| Q4 2025 | $64.6M |
OTF spent $225M buying back its own shares over the past year.
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.
OTF 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).
OTF Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 37.6 | Neutral |
| Stochastic | 24.0 | Neutral |
OTF's weekly RSI is 38 (neutral) and its Stochastic is 24 (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.
OTF PE vs Financial Services Sector
| Metric | OTF | Sector median | Relative |
|---|---|---|---|
| PE | 11x | 13x | 13% below |
| PE % | 75 | 12 | 63 pts above |
OTF 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 stronger trend alignment. BAC is above 1 of 5 weekly averages versus OTF above 0 of 3.
OTF Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $9.50 | 0.4% below |
| 20 week MA | $10.3 | 7.7% below |
| 50 week MA | $11.4 | 17% below |
OTF is in a downtrend: it's below all three of its weekly moving averages, and 17% below 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 the edge over OTF on returns for 2026, with the stronger performance.
OTF Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2025 | $16.0 | $14.1 | -12% |
| 2026 YTD | $14.1 | $9.46 | -33% |
OTF has finished every year since 2025 lower, and it's down 33% so far in 2026.