BAC
Bank of America Corporation
BAC offers stronger fundamentals, but that advantage does not outweigh its weaker overall profile.
TFSL
TFS Financial Corporation
TFSL has the edge over BAC overall, supported by stronger valuation.
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.
TFSL Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Strong | |
| N/A | |
| N/A |
TFSL's profitability is currently strong, and its revenue is stable. Free cash flow and net leverage aren't meaningful measures for financial services companies like TFSL.
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.
TFSL PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 43x | $16.38 | — |
| Cheap | 45x | $16.07 | -1.9% |
| Current | 46x | $16.38 | — |
| Fair | 50x | $18.02 | +10% |
| Expensive | 63x | $22.77 | +39% |
Historical ranges are pointers, not guarantees.
TFSL has the edge over BAC in the historical PE scenario, which offers more potential upside but is not a forecast.
BAC Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for BAC, with profitability improving.
TFSL Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Growth | |
| Improving | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for TFSL, with profitability improving.
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's earnings per share have climbed steadily: $4.19 over the past year, up 14% from the year before, and higher year over year for eight quarters in a row.
TFSL Earnings Per Share
TFSL and BAC do not have enough comparable growth data to identify a winner.
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 TFSL 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's operating margin was 30% last quarter, down 3.7 points from the same quarter a year ago.
TFSL Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $89.3M | +8.8% |
| Q1 2026 | $85.2M | +7.7% |
| Q4 2025 | $83.7M | +12% |
| Q3 2025 | $85.5M | +14% |
| Q2 2025 | $82M | +8.6% |
| Q1 2025 | $79.1M | +2.6% |
| Q4 2024 | $74.8M | -0.8% |
| Q3 2024 | $75.1M | -0.4% |
TFSL's revenue has grown year over year for six quarters in a row: $89M last quarter, up 8.8% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 43% | +10 points |
| Q1 2026 | 35% | +1.5 points |
| Q4 2025 | 34% | -3.9 points |
| Q3 2025 | 38% | +7.3 points |
| Q2 2025 | 33% | -0.1 points |
| Q1 2025 | 34% | -0.1 points |
| Q4 2024 | 38% | +3.3 points |
| Q3 2024 | 31% | -0.4 points |
TFSL has the edge over BAC on profitability, with a higher operating margin.
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.
TFSL Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $29M | +16% |
| Q1 2026 | $13.4M | -6.2% |
| Q4 2025 | $57.1M | +27% |
| Q3 2025 | -$13.2M | +$46.1M |
| Q2 2025 | $25M | -74% |
| Q1 2025 | $14.3M | +6.6% |
| Q4 2024 | $44.9M | +26% |
| Q3 2024 | -$59.4M | -565% |
TFSL 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 TFSL 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.
TFSL Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.1% | +242K shares |
| 1 year | +0.1% | +303K shares |
| 3 years | +0.6% | +1.6M shares |
| 5 years | +0.4% | +1.2M shares |
| Available history | +1% | +2.8M shares |
TFSL has 280M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q2 2026 | $1.2M |
| Q1 2026 | $2.1M |
| Q4 2025 | $3M |
| Q3 2025 | $2.5M |
| Q2 2025 | $744,000 |
| Q1 2025 | — |
| Q4 2024 | $767,000 |
| Q3 2024 | $1,000 |
TFSL spent $9M buying back its own shares over the past year, about six times what it spent 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 TFSL on leverage, with a lower net debt burden relative to earnings.
TFSL Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | 33.9x | High |
| Q1 2026 | 33.0x | High |
| Q4 2025 | 32.3x | High |
| Q3 2025 | 32.2x | High |
| Q2 2025 | 34.9x | High |
| Q1 2025 | 33.3x | High |
| Q4 2024 | 34.3x | High |
| Q3 2024 | 36.3x | High |
TFSL's net debt is more than 20 years of its operating earnings (EBITDA), down from more than 20 years a year ago. Net leverage isn't a meaningful measure for financial services companies like TFSL.
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).
TFSL Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 47.9 | Neutral |
| Stochastic | 16.3 | Oversold |
TFSL's weekly RSI is 48 (neutral) and its Stochastic is 16 (oversold).
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 TFSL on valuation relative to its sector.
TFSL PE vs Financial Services Sector
| Metric | TFSL | Sector median | Relative |
|---|---|---|---|
| PE | 46x | 13x | 249% above |
| PE % | 24 | 63 | 39 pts below |
TFSL is trading at 46x earnings, a 249% premium to 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.
TFSL Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $16.5 | 0.5% below |
| 20 week MA | $17.2 | 4.8% below |
| 50 week MA | $15.7 | 4.1% above |
| 100 week MA | $14.4 | 14% above |
| 200 week MA | $13.8 | 19% above |
TFSL 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.
TFSL Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $19.6 | $17.7 | -9.8% |
| 2021 | $17.7 | $17.7 | +0.2% |
| 2022 | $17.7 | $14.2 | -20% |
| 2023 | $14.2 | $14.7 | +3.7% |
| 2024 | $14.7 | $12.6 | -14% |
| 2025 | $12.6 | $14.0 | +11% |
| 2026 YTD | $14.0 | $16.4 | +17% |
TFSL has the edge over BAC on returns for 2026, with the stronger performance.