BAC
Bank of America Corporation
BAC has the edge over TFC overall, supported by stronger fundamentals and stronger modeled upside.
TFC
Truist Financial Corporation
TFC's outlook is improving, though it still trails on the overall score.
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.
TFC Fundamentals
| Metric | Status |
|---|---|
| Under pressure | |
| Strong | |
| N/A | |
| N/A |
TFC's profitability is currently strong, but its revenue is under pressure. Free cash flow and net leverage aren't meaningful measures for financial services companies like TFC.
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 TFC in the historical PE scenario, which offers more potential upside but is not a forecast.
TFC PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 9.2x | $35.92 | -28% |
| Forward | 10x | $49.89 | — |
| Fair | 12x | $46.89 | -6% |
| Current | 13x | $49.89 | — |
| Expensive | 15x | $57.58 | +15% |
Historical ranges are pointers, not guarantees.
TFC's PE is in its fair range at 13x. If earnings grow as analysts expect, today's price would be 10x 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 TFC on the outlook, with more favorable revenue expectations.
TFC Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Stable | |
| Strongly improving | |
| Limited | |
| Moderate |
Analysts expect TFC's earnings to grow and its profitability to improve, with its 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 TFC on earnings, with more consistent year-over-year improvement.
TFC Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $4.75 | +22% |
| Q3 2026 | $3.89 | +3.7% |
| Q2 2026 | $4.37 | +18% |
| Q1 2024 | -$1.33 | -130% |
| Q4 2023 | -$1.09 | -125% |
| Q3 2023 | $3.97 | -8.9% |
| Q2 2023 | $4.32 | -2% |
| Q1 2023 | $4.49 | +0.2% |
| Q4 2022 | $4.43 | -0.9% |
TFC earned $3.89 per share over the past year, up 3.7% 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 has the edge over TFC 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 TFC on profitability, with a higher operating margin.
TFC Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $3.7B | -28% |
| Q2 2026 | $5.3B | +5.6% |
| Q1 2026 | $5.2B | +5.2% |
| Q4 2025 | $5.2B | +3.7% |
| Q3 2025 | $5.2B | +2% |
| Q1 2025 | $4.9B | +1.7% |
| Q4 2024 | $5.1B | -11% |
| Q3 2024 | $5.1B | -10% |
TFC's revenue fell from its 2022 peak and has held roughly level since: $3.7B last quarter, down 28% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 24% | -9.6 points |
| Q2 2026 | 34% | +4.1 points |
| Q1 2026 | 33% | +1.5 points |
| Q4 2025 | 30% | -0.9 points |
| Q3 2025 | 33% | -0.1 points |
| Q2 2025 | 30% | N/A |
| Q1 2025 | 31% | +3 points |
| Q4 2024 | 31% | +121 points |
TFC's operating margin was 24% last quarter, down 9.6 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.
TFC Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $1.8B | +18% |
| Q2 2026 | $1B | +14% |
| Q1 2026 | $679M | -9% |
| Q4 2025 | $2.6B | +233% |
| Q3 2025 | $1.5B | -2.4% |
| Q1 2025 | $746M | +$1.7B |
| Q4 2024 | $775M | -67% |
| Q3 2024 | $1.5B | -36% |
TFC 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 7.2B diluted shares, down 5.3% from a year ago, with $25.6B in buybacks over the past year.
| 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.
TFC Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1% | -12.7M shares |
| 1 year | -5.4% | -70.3M shares |
| 3 years | -8.3% | -111M shares |
| 5 years | -9.1% | -123M shares |
| Available history | -9.7% | -131M shares |
TFC has the edge over BAC on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $1.2B |
| Q2 2026 | $1.2B |
| Q1 2026 | $1.1B |
| Q4 2025 | $750M |
| Q3 2025 | $500M |
| Q2 2025 | $750M |
| Q1 2025 | $500M |
| Q4 2024 | $500M |
TFC spent $4.3B buying back its own shares over the past year, up 90% 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 has the edge over TFC on leverage, with a lower net debt burden relative to earnings.
TFC Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 9.1x | High |
| Q2 2026 | 8.6x | High |
| Q1 2026 | 8.9x | High |
| Q4 2025 | 9.0x | High |
| Q3 2025 | 9.3x | High |
| Q2 2025 | 7.8x | High |
| Q1 2024 | 143.0x | High |
| Q4 2023 | 57.0x | High |
TFC's net debt is about 9.1 years of its operating earnings (EBITDA), about the same as a year ago. Net leverage isn't a meaningful measure for financial services companies like TFC.
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).
TFC Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 52.5 | Neutral |
| Stochastic | 50.7 | Neutral |
TFC's weekly RSI is 52 (neutral) and its Stochastic is 51 (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 TFC on valuation relative to its sector.
TFC PE vs Financial Services Sector
| Metric | TFC | Sector median | Relative |
|---|---|---|---|
| PE | 13x | 13x | 1.5% below |
| PE % | 63 | 63 | Same percentile |
TFC 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 fallen below most of its moving averages, though it's still 19% above its 200-week average.
TFC Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $48.0 | 4% above |
| 20 week MA | $50.0 | 0.2% below |
| 50 week MA | $49.6 | 0.6% above |
| 100 week MA | $46.4 | 7.5% above |
| 200 week MA | $41.7 | 20% above |
TFC 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.
TFC Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $56.5 | $47.0 | -17% |
| 2021 | $47.0 | $57.8 | +23% |
| 2022 | $57.8 | $42.6 | -26% |
| 2023 | $42.6 | $36.9 | -13% |
| 2024 | $36.9 | $43.7 | +18% |
| 2025 | $43.7 | $50.6 | +16% |
| 2026 YTD | $50.6 | $49.9 | -1.4% |
TFC has the edge over BAC on returns for 2026, with the stronger performance.