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.
TCPC
BlackRock TCP Capital Corp.
There isn't enough reported data to score TCPC 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.
TCPC Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Stable | |
| N/A | |
| N/A |
TCPC's revenue and profitability are currently stable. Free cash flow and net leverage aren't meaningful measures for financial services companies like TCPC.
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.
TCPC PE Valuation
TCPC 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 |
BAC has the edge over TCPC on the outlook, with more favorable earnings and revenue expectations.
TCPC Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Strong decline | |
| Strong decline | |
| Strongly weakening | |
| Limited | |
| Moderate |
Analysts expect TCPC's earnings and revenue to decline, with profitability weakening.
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 TCPC on earnings quality, reporting a profit while its opponent remains loss making.
TCPC Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.32 | — |
| Q3 2026 | -$2.37 | -$2.20 |
| Q2 2026 | -$1.28 | -$1.07 |
| Q1 2026 | -$1.49 | -$0.87 |
| Q4 2025 | -$1.05 | -$0.26 |
| Q3 2025 | -$0.17 | +$0.32 |
| Q2 2025 | -$0.21 | +$0.31 |
| Q1 2025 | -$0.62 | -272% |
| Q4 2024 | -$0.79 | -218% |
TCPC lost $2.37 per share over the past year, a bigger loss than 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 has the stronger quarterly revenue trend. Revenue is up 6.7% for BAC versus up 5.5% for TCPC.
| 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.
TCPC Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2022 | $44M | +5.5% |
| Q1 2022 | $42.2M | +2.4% |
| Q4 2021 | $39.6M | -7.7% |
| Q3 2021 | $42.7M | -0.3% |
| Q2 2021 | $41.6M | -7.7% |
| Q1 2021 | $41.2M | -0.2% |
| Q4 2020 | $42.9M | -10% |
TCPC's revenue has held roughly level: $44M last quarter, up 5.5% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2022 | 70% | +1.3 points |
| Q1 2022 | 69% | -0.3 points |
| Q4 2021 | 69% | -0.8 points |
| Q3 2021 | 68% | -1.3 points |
| Q2 2021 | 68% | -1.9 points |
| Q1 2021 | 69% | -11 points |
| Q4 2020 | 70% | -2.6 points |
| Q3 2020 | 70% | N/A |
TCPC's operating margin was 70% last quarter, up 1.3 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's free cash flow was $41.4B over the past year, down 33% from the year before. Free cash flow isn't a meaningful measure for financial services companies like BAC.
TCPC Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $291.9M | +181% |
| Q2 2026 | $96.3M | +$138.2M |
| Q1 2026 | $159.1M | +203% |
| Q4 2025 | $40.5M | -43% |
| Q3 2025 | $103.7M | +2.1% |
| Q2 2025 | -$41.9M | -148% |
| Q1 2025 | $52.5M | +57% |
| Q4 2024 | $71.7M | +78% |
TCPC has the edge over BAC on cash flow, with more consistent year-over-year improvement.
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 TCPC 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.
TCPC Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -12.6K shares |
| 1 year | -1.3% | -1.1M shares |
| 3 years | +45% | +26.1M shares |
| 5 years | +45% | +26.1M shares |
| Available history | +43% | +25.2M shares |
TCPC has 84M diluted shares, down 1.3% from a year ago, with $5M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | $590,502 |
| Q1 2026 | $2.3M |
| Q4 2025 | $2.5M |
| Q3 2025 | $162,702 |
| Q2 2025 | $274,463 |
| Q1 2025 | $26,915 |
| Q2 2022 | — |
TCPC spent $5M 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.
TCPC Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2022 | 10.7x | High |
| Q1 2022 | 10.8x | High |
| Q4 2021 | 17.2x | High |
| Q3 2021 | 10.8x | High |
| Q2 2021 | 11.0x | High |
| Q1 2021 | 10.6x | High |
| Q4 2020 | 6.7x | High |
| Q3 2020 | 9.5x | High |
TCPC's net debt is about 11 years of its operating earnings (EBITDA), down from 11 years a year ago. Net leverage isn't a meaningful measure for financial services companies like TCPC.
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).
TCPC Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 51.2 | Neutral |
| Stochastic | 79.0 | Neutral |
TCPC's weekly RSI is 51 (neutral) and its Stochastic is 79 (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.
TCPC PE vs Financial Services Sector
| Metric | TCPC | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 13x | — |
TCPC 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 |
BAC has fallen below most of its moving averages, though it's still 19% above its 200-week average.
TCPC Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $4.10 | 0.2% above |
| 20 week MA | $3.88 | 5.9% above |
| 50 week MA | $4.23 | 2.8% below |
| 100 week MA | $5.83 | 30% below |
| 200 week MA | $8.29 | 50% below |
TCPC 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 the edge over TCPC on returns for 2026, with the stronger performance.
TCPC Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $14.1 | $11.3 | -20% |
| 2021 | $11.3 | $13.5 | +20% |
| 2022 | $13.5 | $13.0 | -3.8% |
| 2023 | $13.0 | $11.5 | -11% |
| 2024 | $11.5 | $8.56 | -26% |
| 2025 | $8.56 | $5.44 | -36% |
| 2026 YTD | $5.44 | $4.11 | -24% |
TCPC has finished four years in a row lower, and it's down 24% so far in 2026.