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.
RWTQ
Redwood Trust, Inc.
There isn't enough reported data to score RWTQ 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.
RWTQ Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Under pressure | |
| N/A | |
| N/A |
RWTQ's revenue is currently strong, but its profitability is under pressure. Free cash flow and net leverage aren't meaningful measures for financial services companies like RWTQ.
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.
RWTQ PE Valuation
RWTQ 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.
RWTQ Forward outlook
There aren't enough analyst estimates for RWTQ 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 RWTQ on earnings quality, reporting a profit while its opponent remains loss making.
RWTQ Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$0.38 | +$0.44 |
| Q2 2026 | -$0.07 | +$0.58 |
| Q1 2026 | -$0.80 | -481% |
| Q4 2025 | -$0.63 | -297% |
| Q3 2025 | -$0.82 | -246% |
| Q2 2025 | -$0.65 | -461% |
| Q1 2022 | $1.89 | -51% |
| Q4 2019 | $1.48 | +16% |
RWTQ is still losing money, but far less than before: $0.38 per share over the past year, against $0.82 at its worst in late 2025.
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 edge over RWTQ on sales, with more consistent year-over-year improvement.
| 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 has the edge over RWTQ on profitability, with a higher operating margin.
RWTQ Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $40.6M | +171% |
| Q2 2026 | $32.1M | +132% |
| Q1 2026 | $34.7M | +24% |
| Q4 2025 | $25.9M | -6.1% |
| Q3 2025 | $15M | -41% |
| Q2 2025 | $13.8M | -79% |
| Q1 2025 | $27.9M | -63% |
| Q4 2024 | $27.6M | -57% |
RWTQ's revenue is recovering but still below its 2020 peak: $41M last quarter, up 171% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -123% | -115 points |
| Q2 2026 | 0.1% | +679 points |
| Q1 2026 | -23% | -103 points |
| Q4 2025 | 108% | +109 points |
| Q3 2025 | -9% | -95 points |
| Q2 2025 | -679% | -709 points |
| Q1 2025 | 80% | +39 points |
| Q4 2024 | -1.3% | -36 points |
RWTQ's operating margin was −123% last quarter, down 114 points from the same quarter a year ago, near the bottom of its range since 2018.
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 RWTQ on cash generation, producing positive trailing cash flow while its opponent burns cash.
RWTQ Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$3.3B | -$642.6M |
| Q2 2026 | -$3.7B | -$1.6B |
| Q1 2026 | -$4.5B | -$2.6B |
| Q4 2025 | -$3.4B | -$2.5B |
| Q3 2025 | -$2.7B | -$579.8M |
| Q2 2025 | -$2.1B | -$147.2M |
| Q1 2025 | -$2B | -$998.3M |
| Q4 2024 | -$854M | +$294.4M |
RWTQ's free cash flow was −$14.9B over the past year, against −$7.6B the year before. Free cash flow isn't a meaningful measure for financial services companies like RWTQ.
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 RWTQ 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.
RWTQ Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1% | -1.2M shares |
| 1 year | -3.8% | -4.9M shares |
| 3 years | +7.5% | +8.7M shares |
| 5 years | -13% | -17.8M shares |
| Available history | +13% | +14.1M shares |
RWTQ has 124M diluted shares, down 3.8% from a year ago, with $47M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $31M |
| Q2 2026 | — |
| Q1 2026 | $1.1M |
| Q4 2025 | $14.8M |
| Q3 2025 | $29.6M |
| Q4 2023 | — |
| Q3 2023 | — |
| Q4 2021 | — |
RWTQ spent $47M 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 has the edge over RWTQ on leverage, with a lower net debt burden relative to earnings.
RWTQ Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | 797.9x | High |
| Q1 2025 | 187.7x | High |
| Q4 2024 | 153.7x | High |
| Q3 2024 | 118.1x | High |
| Q2 2024 | 194.5x | High |
| Q1 2024 | 65.0x | High |
| Q4 2023 | 207.3x | High |
| Q1 2022 | 11.7x | High |
RWTQ's net debt is more than 20 years of its operating earnings (EBITDA), up from more than 20 years a year ago. Net leverage isn't a meaningful measure for financial services companies like RWTQ.
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).
RWTQ Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 41.5 | Neutral |
| Stochastic | 29.4 | Neutral |
RWTQ's weekly RSI is 41 (neutral) and its Stochastic is 29 (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.
RWTQ PE vs Financial Services Sector
RWTQ 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 |
RWTQ has stronger trend alignment. BAC is above 1 of 5 weekly averages versus RWTQ above 1 of 3.
RWTQ Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $20.6 | 1.8% above |
| 20 week MA | $22.5 | 6.8% below |
| 50 week MA | $22.9 | 8.7% below |
RWTQ has bounced recently, but its long-term trend is still down: it's above its 8-week average, but 8.7% 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 RWTQ on returns for 2026, with the stronger performance.
RWTQ Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2025 | $24.9 | $25.8 | +3.5% |
| 2026 YTD | $25.8 | $20.9 | -19% |
RWTQ has finished every year since 2025 higher, and it's down 19% so far in 2026.