BAC
Bank of America Corporation
BAC has the edge over VOYA overall, supported by stronger valuation and stronger fundamentals.
VOYA
Voya Financial, Inc.
VOYA'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.
VOYA Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| N/A | |
| N/A |
VOYA'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 VOYA.
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 VOYA in the historical PE scenario, which offers more potential upside but is not a forecast.
VOYA PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 7.7x | $47.81 | -53% |
| Forward | 9.4x | $102 | — |
| Fair | 12x | $73.20 | -28% |
| Expensive | 15x | $93.42 | -8.6% |
| Current | 16x | $102 | — |
Historical ranges are pointers, not guarantees.
VOYA's PE is in its expensive range at 16x. If earnings grow as analysts expect, today's price would be 9.4x 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 VOYA on the outlook, with more favorable revenue expectations.
VOYA Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Stable | |
| Strongly improving | |
| Limited | |
| Moderate |
Analysts expect VOYA'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 VOYA on earnings, with more consistent year-over-year improvement.
VOYA Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $10.92 | +76% |
| Q3 2026 | $6.22 | +6% |
| Q2 2026 | $5.93 | +17% |
| Q1 2026 | $6.62 | +24% |
| Q4 2025 | $6.29 | +1.9% |
| Q3 2025 | $5.87 | -6.4% |
| Q2 2025 | $5.05 | -33% |
| Q1 2025 | $5.35 | -24% |
| Q4 2024 | $6.17 | +14% |
VOYA's earnings per share have fallen from their peak: $6.22 over the past year, against $16.61 in late 2021.
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 VOYA 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 VOYA on profitability, with a higher operating margin.
VOYA Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $2B | -4.8% |
| Q2 2026 | $1.9B | -4.3% |
| Q1 2026 | $2B | +3.1% |
| Q4 2025 | $2.1B | +5% |
| Q3 2025 | $2.1B | +8.8% |
| Q2 2025 | $2B | -2.6% |
| Q1 2025 | $2B | -4% |
| Q4 2024 | $2B | +11% |
VOYA's revenue fell from its 2021 peak and has held roughly level since: $2B last quarter, down 4.8% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 14% | -0.3 points |
| Q2 2026 | 1.8% | -7.7 points |
| Q1 2026 | 11% | +2.5 points |
| Q4 2025 | 8% | +2 points |
| Q3 2025 | 14% | +8.5 points |
| Q2 2025 | 9.5% | -4.1 points |
| Q1 2025 | 8.8% | -5.2 points |
| Q4 2024 | 6% | +0.4 points |
VOYA's operating margin was 14% last quarter, about level with 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.
VOYA Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $644M | +283% |
| Q2 2026 | $503M | -32% |
| Q1 2026 | -$36M | +$143M |
| Q4 2025 | $557M | +605% |
| Q3 2025 | $168M | -77% |
| Q2 2025 | $742M | +135% |
| Q1 2025 | -$179M | -177% |
| Q4 2024 | $79M | -78% |
VOYA's free cash flow was $1.7B over the past year, up 106% from the year before. Free cash flow isn't a meaningful measure for financial services companies like VOYA.
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 VOYA 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.
VOYA Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -- |
| 1 year | -5.2% | -5.1M shares |
| 3 years | -15% | -16.1M shares |
| 5 years | -25% | -30.1M shares |
| Available history | -37% | -54.7M shares |
VOYA has 92M diluted shares, down 5.2% from a year ago, with $500M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $100M |
| Q2 2026 | $150M |
| Q1 2026 | $150M |
| Q4 2025 | $100M |
| Q3 2025 | $100M |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | $120M |
VOYA spent $500M buying back its own shares over the past year, up 127% 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.
VOYA Net Leverage
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).
VOYA Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 64.9 | Neutral |
| Stochastic | 55.4 | Neutral |
VOYA's weekly RSI is 65 (neutral) and its Stochastic is 55 (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 VOYA on valuation relative to its sector.
VOYA PE vs Financial Services Sector
| Metric | VOYA | Sector median | Relative |
|---|---|---|---|
| PE | 16x | 13x | 26% above |
| PE % | 91 | 63 | 28 pts above |
VOYA is trading at 16x earnings, a 26% 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.
VOYA Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $97.2 | 5.2% above |
| 20 week MA | $99.0 | 3.3% above |
| 50 week MA | $85.5 | 20% above |
| 100 week MA | $77.6 | 32% above |
| 200 week MA | $74.9 | 37% above |
VOYA 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.
VOYA Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $60.5 | $57.4 | -5.1% |
| 2021 | $57.4 | $67.6 | +18% |
| 2022 | $67.6 | $61.9 | -8.5% |
| 2023 | $61.9 | $73.0 | +18% |
| 2024 | $73.0 | $68.6 | -6% |
| 2025 | $68.6 | $75.1 | +9.5% |
| 2026 YTD | $75.1 | $102.2 | +36% |
VOYA has the edge over BAC on returns for 2026, with the stronger performance.