BAC
Bank of America Corporation
BAC has the edge over SLF overall, supported by stronger modeled upside and stronger fundamentals.
SLF
Sun Life Financial Inc.
SLF 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.
SLF Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| N/A | |
| N/A |
SLF's profitability is currently healthy, and its revenue is stable. Free cash flow and net leverage aren't meaningful measures for financial services companies like SLF.
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 SLF in the historical PE scenario, which offers more potential upside but is not a forecast.
SLF PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 11x | $44.53 | -39% |
| Fair | 14x | $57.21 | -22% |
| Expensive | 16x | $66.78 | -8.4% |
| Current | 18x | $72.88 | — |
Historical ranges are pointers, not guarantees.
SLF's PE is 18x, but its earnings don't support one, so it isn't a reliable read right now.
BAC Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| Moderate |
BAC has the edge over SLF on the outlook, with more favorable profitability expectations.
SLF Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Growth | |
| Growth | |
| Weakening | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for SLF, 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 SLF on earnings, with more consistent year-over-year improvement.
SLF Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | $4.14 | +4.8% |
| Q1 2026 | $3.75 | -2.6% |
| Q4 2025 | $4.32 | +17% |
| Q3 2025 | $3.70 | -14% |
| Q2 2025 | $3.95 | +6.8% |
| Q1 2025 | $3.85 | +3.8% |
| Q4 2024 | $3.68 | -0.3% |
| Q3 2024 | $4.30 | +9.4% |
SLF earned $4.14 per share over the past year, up 4.8% 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 has the edge over SLF on profitability, with a higher operating margin.
SLF Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $9.8B | +51% |
| Q1 2026 | $6.2B | -22% |
| Q4 2025 | $6.3B | +172% |
| Q3 2025 | $8.7B | -19% |
| Q2 2025 | $6.5B | +3.4% |
| Q1 2025 | $8B | +63% |
| Q4 2024 | $2.3B | -81% |
| Q3 2024 | $10.8B | +548% |
SLF's revenue is recovering but still below its 2023 peak: $9.8B last quarter, up 51% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 9.8% | -0.9 points |
| Q1 2026 | 9.5% | -1.5 points |
| Q4 2025 | 13% | -5.4 points |
| Q3 2025 | 12% | +1 points |
| Q2 2025 | 11% | +0.4 points |
| Q1 2025 | 11% | -6.2 points |
| Q4 2024 | 18% | +14 points |
| Q3 2024 | 11% | -39 points |
SLF's operating margin was 9.8% last quarter, down 0.9 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 SLF on cash flow, with more consistent year-over-year improvement.
SLF Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $63.3M | -88% |
| Q1 2026 | $2.9B | +$3.2B |
| Q4 2025 | $3.7B | +823% |
| Q3 2025 | $804.3M | -64% |
| Q2 2025 | $539.9M | -54% |
| Q1 2025 | -$290.4M | -187% |
| Q4 2024 | $402.1M | -87% |
| Q3 2024 | $2.3B | +81% |
SLF's free cash flow was $7.5B over the past year, up 157% from the year before. Free cash flow isn't a meaningful measure for financial services companies like SLF.
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 SLF 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.
SLF Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -2.4% | -13.6M shares |
| 1 year | -1.8% | -10M shares |
| 3 years | -5.3% | -31M shares |
| 5 years | -5.3% | -31M shares |
| Available history | -6.1% | -36M shares |
SLF has 559M diluted shares, down 1.8% from a year ago, with $613M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q2 2026 | $58.4M |
| Q1 2026 | — |
| Q4 2025 | $275.4M |
| Q3 2025 | $279.1M |
| Q2 2025 | $279.8M |
| Q1 2025 | $365.6M |
| Q4 2024 | $175.1M |
| Q3 2024 | $102.6M |
SLF spent $613M buying back its own shares over the past year, down 34% from 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.
SLF Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | 0.0x | Very low |
| Q1 2026 | -0.1x | Net Cash |
| Q4 2025 | 1.7x | Healthy |
| Q3 2025 | -0.3x | Net Cash |
| Q2 2025 | -0.2x | Net Cash |
| Q1 2025 | -0.3x | Net Cash |
| Q4 2024 | 1.4x | Healthy |
| Q3 2024 | -0.8x | Net Cash |
SLF 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).
SLF Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 43.0 | Neutral |
| Stochastic | 26.3 | Neutral |
SLF's weekly RSI is 43 (neutral) and its Stochastic is 26 (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 SLF on valuation relative to its sector.
SLF PE vs Financial Services Sector
| Metric | SLF | Sector median | Relative |
|---|---|---|---|
| PE | 18x | 13x | 35% above |
| PE % | 93 | 63 | 30 pts above |
SLF is trading at 18x earnings, a 35% premium to the Financial Services sector's median of 13x, though its earnings don't support one.
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.
SLF Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $77.4 | 5.8% below |
| 20 week MA | $79.4 | 8.2% below |
| 50 week MA | $72.0 | 1.2% above |
| 100 week MA | $65.8 | 11% above |
| 200 week MA | $58.6 | 24% above |
SLF 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.
SLF Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $45.5 | $43.8 | -3.8% |
| 2021 | $43.8 | $54.6 | +25% |
| 2022 | $54.6 | $46.5 | -15% |
| 2023 | $46.5 | $51.9 | +12% |
| 2024 | $51.9 | $59.5 | +15% |
| 2025 | $59.5 | $62.6 | +5.3% |
| 2026 YTD | $62.6 | $72.9 | +16% |
SLF has the edge over BAC on returns for 2026, with the stronger performance.