BAC
Bank of America Corporation
BAC has lower modeled downside risk, despite its lower overall score.
WFC
Wells Fargo & Company
WFC has a slight edge over BAC overall on the model 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.
WFC Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Strong | |
| N/A | |
| N/A |
WFC'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 WFC.
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 WFC in the historical PE scenario, which offers more potential upside but is not a forecast.
WFC PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 10x | $73.84 | -14% |
| Forward | 11x | $85.76 | — |
| Fair | 12x | $87.32 | +1.8% |
| Current | 12x | $85.76 | — |
| Expensive | 15x | $108 | +26% |
Historical ranges are pointers, not guarantees.
WFC's PE is in its fair range at 12x. If earnings grow as analysts expect, today's price would be 11x next year's earnings, in its cheap range.
BAC Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for BAC, with profitability improving.
WFC Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for WFC, 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 has the edge over WFC on earnings, with stronger typical year-over-year growth.
WFC Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $7.81 | +10% |
| Q3 2026 | $7.08 | +17% |
| Q2 2026 | $6.87 | +18% |
| Q1 2026 | $6.47 | +16% |
| Q4 2025 | $6.26 | +17% |
| Q3 2025 | $6.07 | +26% |
| Q2 2025 | $5.83 | +19% |
| Q1 2025 | $5.56 | +16% |
| Q4 2024 | $5.37 | +11% |
WFC's earnings per share have climbed steadily: $7.08 over the past year, up 17% from the year before, and higher year over year for 13 quarters in a row.
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 WFC 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.
WFC Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $21.9B | +2% |
| Q2 2026 | $22.6B | +8.6% |
| Q1 2026 | $21.4B | +6.4% |
| Q4 2025 | $21.3B | +4.5% |
| Q3 2025 | $21.4B | +5.3% |
| Q2 2025 | $20.8B | +0.6% |
| Q1 2025 | $20.1B | -3.4% |
| Q4 2024 | $20.4B | -0.5% |
WFC's revenue has grown year over year for six quarters in a row: $21.9B last quarter, up 2% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 32% | +0.2 points |
| Q2 2026 | 36% | +4.6 points |
| Q1 2026 | 28% | +1.5 points |
| Q4 2025 | 31% | +4.2 points |
| Q3 2025 | 32% | +1.6 points |
| Q2 2025 | 31% | +1.2 points |
| Q1 2025 | 26% | -0.4 points |
| Q4 2024 | 26% | +9.8 points |
WFC 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.
WFC Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $8.9B | +$9.7B |
| Q2 2026 | $6.8B | +$18B |
| Q1 2026 | $9.1B | +$20.2B |
| Q4 2025 | $4.1B | -54% |
| Q3 2025 | -$869M | -121% |
| Q2 2025 | -$11.2B | -647% |
| Q1 2025 | -$11B | +$1.1B |
| Q4 2024 | $8.9B | -51% |
WFC's free cash flow was $28.9B over the past year, against −$14.2B the year before. Free cash flow isn't a meaningful measure for financial services companies like WFC.
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.
WFC Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.8% | -23.1M shares |
| 1 year | -5.3% | -172M shares |
| 3 years | -17% | -629M shares |
| 5 years | -25% | -1B shares |
| Available history | -31% | -1.4B shares |
WFC has 3.1B diluted shares, down 5.3% from a year ago, with $14.5B in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $2.5B |
| Q2 2026 | $3B |
| Q1 2026 | $4B |
| Q4 2025 | $5B |
| Q3 2025 | $6B |
| Q2 2025 | $3B |
| Q1 2025 | $3.5B |
| Q4 2024 | $4B |
WFC spent $14.5B buying back its own shares over the past year, down 12% 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.
WFC Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 5.1x | High |
| Q2 2026 | 4.7x | High |
| Q1 2026 | 5.5x | High |
| Q4 2025 | 4.7x | High |
| Q3 2025 | 11.8x | High |
| Q2 2025 | 10.7x | High |
| Q1 2025 | 9.1x | High |
| Q4 2024 | 7.9x | High |
WFC 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).
WFC Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 52.7 | Neutral |
| Stochastic | 45.5 | Neutral |
WFC's weekly RSI is 53 (neutral) and its Stochastic is 46 (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 WFC on valuation relative to its sector.
WFC PE vs Financial Services Sector
| Metric | WFC | Sector median | Relative |
|---|---|---|---|
| PE | 12x | 13x | 7% below |
| PE % | 46 | 63 | 17 pts below |
WFC is trading at 12x 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.
WFC Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $83.3 | 3% above |
| 20 week MA | $85.6 | 0.2% above |
| 50 week MA | $84.9 | 1.1% above |
| 100 week MA | $81.0 | 5.9% above |
| 200 week MA | $65.9 | 30% above |
WFC 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.
WFC Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $53.9 | $29.8 | -45% |
| 2021 | $29.8 | $48.4 | +62% |
| 2022 | $48.4 | $41.0 | -15% |
| 2023 | $41.0 | $49.2 | +20% |
| 2024 | $49.2 | $71.1 | +44% |
| 2025 | $71.1 | $95.3 | +34% |
| 2026 YTD | $95.3 | $85.8 | -10% |
WFC has the edge over BAC on returns for 2026, with the stronger performance.