BAC
Bank of America Corporation
BAC has the edge over PFLT overall, supported by stronger fundamentals and stronger modeled upside.
PFLT
PennantPark Floating Rate Capital Ltd.
PFLT 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.
PFLT Fundamentals
| Metric | Status |
|---|---|
| Weak | |
| Healthy | |
| N/A | |
| N/A |
PFLT's profitability is currently healthy, but its revenue is weak. Free cash flow and net leverage aren't meaningful measures for financial services companies like PFLT.
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 PFLT in the historical PE scenario, which offers more potential upside but is not a forecast.
PFLT PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 6.3x | $6.73 | — |
| Cheap | 7.8x | $3.97 | -41% |
| Fair | 13x | $6.55 | -2.6% |
| Current | 13x | $6.73 | — |
| Expensive | 36x | $18.38 | +173% |
Historical ranges are pointers, not guarantees.
PFLT's PE is in its fair range at 13x. On analysts' estimates for next year's earnings, today's price would be 6.3x, in its cheap range.
BAC Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| Moderate |
BAC has the edge over PFLT on the outlook, with more favorable earnings and revenue expectations.
PFLT Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Stable | |
| Stable | |
| Weakening | |
| Limited | |
| High |
Analysts expect PFLT's profitability to weaken, with its earnings and revenue holding steady.
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 PFLT on earnings, with more consistent year-over-year improvement.
PFLT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.06 | +109% |
| Q2 2026 | $0.51 | -41% |
| Q1 2026 | $0.62 | -33% |
| Q4 2025 | $0.35 | -75% |
| Q3 2025 | $0.73 | -50% |
| Q2 2023 | -$0.13 | -125% |
| Q1 2023 | -$0.35 | -134% |
| Q4 2022 | -$0.31 | -127% |
| Q3 2022 | $0.09 | -94% |
PFLT's earnings per share have fallen from their peak: $0.51 over the past year, against $1.79 in mid-2021.
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 131% for PFLT.
| 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.
PFLT Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2022 | $3.2M | -85% |
| Q1 2022 | $18.7M | +8.1% |
| Q4 2021 | $23.5M | -27% |
| Q3 2021 | $13M | -45% |
| Q2 2021 | $21.1M | +3.9% |
| Q4 2020 | $32.3M | +76% |
| Q3 2020 | $23.6M | +62% |
PFLT's revenue has slid since its 2020 peak: −$4M last quarter, down 131% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2022 | -157% | -227 points |
| Q1 2022 | 60% | -8.5 points |
| Q4 2021 | 68% | -13 points |
| Q3 2021 | 32% | -41 points |
| Q2 2021 | 70% | +7.9 points |
| Q1 2021 | 68% | N/A |
| Q4 2020 | 81% | +26 points |
| Q3 2020 | 72% | +22 points |
PFLT's operating margin was −157% last quarter, down 227 points from the same quarter a year ago, near the bottom 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 has the edge over PFLT on cash generation, producing positive trailing cash flow while its opponent burns cash.
PFLT Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $103.3M | +$138.5M |
| Q1 2026 | $24.3M | +$142.4M |
| Q4 2025 | $148.6M | +$381.3M |
| Q3 2025 | -$334.5M | -$42.8M |
| Q2 2025 | -$35.3M | +$119.8M |
| Q1 2025 | -$118.1M | +$54.5M |
| Q4 2024 | -$232.7M | -$50.7M |
| Q3 2024 | -$291.7M | -488% |
PFLT's free cash flow was −$58M over the past year, against −$678M the year before. Free cash flow isn't a meaningful measure for financial services companies like PFLT.
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 PFLT 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.
PFLT Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -- |
| 1 year | 0% | -- |
| 3 years | +69% | +40.5M shares |
| 5 years | +156% | +60.4M shares |
| Available history | +156% | +60.4M shares |
PFLT has 99M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q3 2022 | — |
| Q2 2022 | — |
| Q1 2022 | — |
| Q4 2021 | — |
| Q3 2021 | — |
| Q2 2021 | — |
| Q1 2021 | — |
| Q4 2020 | — |
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.
PFLT Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2022 | 73.7x | High |
| Q2 2022 | 27.2x | High |
| Q1 2022 | 15.1x | High |
| Q4 2021 | 14.7x | High |
| Q3 2021 | 10.6x | High |
| Q2 2021 | 7.4x | High |
| Q1 2021 | 6.9x | High |
| Q4 2020 | 11.3x | High |
PFLT's net debt is more than 20 years of its operating earnings (EBITDA), up from 11 years a year ago. Net leverage isn't a meaningful measure for financial services companies like PFLT.
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).
PFLT Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 38.0 | Neutral |
| Stochastic | 45.6 | Neutral |
PFLT's weekly RSI is 38 (neutral) and its Stochastic is 46 (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 has the edge over PFLT on valuation relative to its sector.
PFLT PE vs Financial Services Sector
| Metric | PFLT | Sector median | Relative |
|---|---|---|---|
| PE | 13x | 13x | 2.1% above |
| PE % | 55 | 63 | 8 pts below |
PFLT is trading at 13x earnings, in line with the Financial Services sector's median of 13x.
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 the edge over PFLT on trend strength, trading above more of its moving averages.
PFLT Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $6.74 | 0.1% below |
| 20 week MA | $7.04 | 4.4% below |
| 50 week MA | $8.00 | 16% below |
| 100 week MA | $9.13 | 26% below |
| 200 week MA | $10.1 | 33% below |
PFLT is in a downtrend: it's below all five of its weekly moving averages, and 33% below its 200-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 PFLT on returns for 2026, with the stronger performance.
PFLT Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $12.3 | $10.3 | -16% |
| 2021 | $10.3 | $12.6 | +23% |
| 2022 | $12.6 | $11.0 | -13% |
| 2023 | $11.0 | $12.1 | +10% |
| 2024 | $12.1 | $10.8 | -10% |
| 2025 | $10.8 | $9.15 | -16% |
| 2026 YTD | $9.15 | $6.73 | -26% |
PFLT has finished lower in four of the last six years. It's down 26% so far in 2026.