BLK
BlackRock, Inc.
BLK offers stronger fundamentals, but that advantage does not outweigh its weaker overall profile.
BNY
Bank of New York Mellon Corp
BNY has a slight edge over BLK overall, supported by stronger modeled upside and lower modeled downside.
BLK Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| N/A | |
| N/A |
BLK's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for financial services companies like BLK.
BNY Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| N/A | |
| N/A |
BNY's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for financial services companies like BNY.
BLK PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 19x | $848 | -30% |
| Fair | 22x | $973 | -20% |
| Expensive | 26x | $1,149 | -5.5% |
| Current | 28x | $1,217 | — |
Historical ranges are pointers, not guarantees.
BLK has the edge over BNY in the historical PE scenario, which offers more potential upside but is not a forecast.
BNY PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 10x | $94.16 | -38% |
| Fair | 14x | $126 | -18% |
| Expensive | 17x | $151 | -1.1% |
| Current | 17x | $153 | — |
Historical ranges are pointers, not guarantees.
BNY's PE is in its expensive range at 17x.
BLK Forward outlook
There aren't enough analyst estimates for BLK to show an outlook.
BNY Forward outlook
There aren't enough analyst estimates for BNY to show an outlook.
BLK Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | $43.87 | +11% |
| Q2 2026 | $41.73 | -0.4% |
| Q1 2026 | $39.73 | -4.7% |
| Q4 2025 | $35.31 | -17% |
| Q3 2025 | $39.42 | -2.7% |
| Q2 2025 | $41.89 | +4% |
| Q1 2025 | $41.69 | +5.9% |
| Q4 2024 | $42.53 | +16% |
BLK earned $43.87 per share over the past year, up 11% from the year before.
BNY Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | $9.04 | +31% |
| Q2 2026 | $8.58 | +31% |
| Q1 2026 | $8.06 | +31% |
| Q4 2025 | $7.40 | +28% |
| Q3 2025 | $6.92 | +54% |
| Q2 2025 | $6.54 | +55% |
| Q1 2025 | $6.13 | +53% |
| Q4 2024 | $5.80 | +50% |
BNY has the edge over BLK on earnings, with more consistent year-over-year improvement.
BLK Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $7.8B | +19% |
| Q2 2026 | $7.1B | +31% |
| Q1 2026 | $6.7B | +27% |
| Q4 2025 | $7B | +23% |
| Q3 2025 | $6.5B | +25% |
| Q2 2025 | $5.4B | +13% |
| Q1 2025 | $5.3B | +12% |
| Q4 2024 | $5.7B | +23% |
BLK has the edge over BNY on sales, with stronger typical year-over-year growth.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 30% | 0 points |
| Q2 2026 | 35% | +2.8 points |
| Q1 2026 | 42% | +9.8 points |
| Q4 2025 | 24% | -13 points |
| Q3 2025 | 30% | -8.6 points |
| Q2 2025 | 32% | -5.5 points |
| Q1 2025 | 32% | -3.6 points |
| Q4 2024 | 37% | +2.3 points |
BLK's operating margin was 30% last quarter, about level with the same quarter a year ago, near the bottom of its range since 2019.
BNY Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $5.7B | +12% |
| Q2 2026 | $5.7B | +13% |
| Q1 2026 | $5.4B | +13% |
| Q4 2025 | $5.2B | +6.8% |
| Q3 2025 | $5.1B | +9.3% |
| Q2 2025 | $5B | +9.4% |
| Q1 2025 | $4.8B | +5.9% |
| Q4 2024 | $4.8B | +12% |
BNY's revenue has grown year over year for 15 quarters in a row: $5.7B last quarter, up 12% from the same quarter a year ago.
BLK Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $2.6B | +95% |
| Q2 2026 | $1.1B | -12% |
| Q1 2026 | -$1.1B | +$120M |
| Q4 2025 | $2.1B | -15% |
| Q2 2025 | $1.3B | -6.1% |
| Q1 2025 | -$1.2B | -$734M |
| Q4 2024 | $2.5B | +35% |
| Q2 2024 | $1.4B | +47% |
BLK's free cash flow was $4.8B over the past year, up 22% from the year before. Free cash flow isn't a meaningful measure for financial services companies like BLK.
BNY Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $4.1B | +$5.6B |
| Q2 2026 | $2B | +7.5% |
| Q1 2026 | -$3.6B | -4046% |
| Q4 2025 | $4.7B | +318% |
| Q3 2025 | -$1.5B | -$815M |
| Q2 2025 | $1.8B | +5.2% |
| Q1 2025 | $92M | +$3.1B |
| Q4 2024 | $1.1B | +$3.5B |
BNY has the edge over BLK on cash flow, with more consistent year-over-year improvement.
BLK Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.1% | -148K shares |
| 1 year | -0.4% | -677K shares |
| 3 years | +9.3% | +14M shares |
| 5 years | +6.2% | +9.6M shares |
| Available history | +4.4% | +7M shares |
BLK has 165M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q2 2025 | $396M |
| Q1 2025 | $657M |
| Q4 2024 | $386M |
| Q2 2024 | $519M |
| Q1 2024 | $634M |
| Q4 2023 | $384M |
| Q3 2023 | $396M |
| Q2 2023 | $383M |
BNY Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.8% | -5.3M shares |
| 1 year | -3.6% | -25.9M shares |
| 3 years | -12% | -94.9M shares |
| 5 years | -19% | -162M shares |
| Available history | -27% | -256M shares |
BNY has the edge over BLK on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $937M |
| Q2 2026 | $1.1B |
| Q1 2026 | $983M |
| Q4 2025 | $1B |
| Q3 2025 | $849M |
| Q2 2025 | $895M |
| Q1 2025 | $746M |
| Q4 2024 | $750M |
BNY spent $4.1B buying back its own shares over the past year, up 26% from the year before.
BLK Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.0x | Net Cash |
| Q2 2026 | 0.2x | Very low |
| Q1 2026 | 0.3x | Very low |
| Q4 2025 | 0.2x | Very low |
| Q3 2025 | 0.3x | Very low |
| Q2 2024 | 0.2x | Very low |
| Q1 2024 | 0.3x | Very low |
| Q4 2023 | 0.1x | Very low |
BLK has more cash than debt. Net leverage isn't a meaningful measure for financial services companies like BLK.
BNY Net Leverage
BLK Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 64.5 | Neutral |
| Stochastic | 79.0 | Neutral |
BLK's weekly RSI is 64 (neutral) and its Stochastic is 79 (neutral).
BNY Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 57.9 | Neutral |
| Stochastic | 45.8 | Neutral |
BNY's weekly RSI is 58 (neutral) and its Stochastic is 46 (neutral).
BLK PE vs Financial Services Sector
| Metric | BLK | Sector median | Relative |
|---|---|---|---|
| PE | 28x | 13x | 113% above |
| PE % | 97 | 63 | 34 pts above |
BLK is trading at 28x earnings, a 113% premium to the Financial Services sector's median of 13x.
BNY PE vs Financial Services Sector
| Metric | BNY | Sector median | Relative |
|---|---|---|---|
| PE | 17x | 13x | 30% above |
| PE % | 85 | 63 | 22 pts above |
BNY has the edge over BLK on valuation relative to its sector.
BLK Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $1,128.0 | 7.9% above |
| 20 week MA | $1,108.9 | 9.7% above |
| 50 week MA | $1,071.6 | 14% above |
| 100 week MA | $1,051.1 | 16% above |
| 200 week MA | $914.1 | 33% above |
BLK has the edge over BNY on trend strength, trading above more of its moving averages.
BNY Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $146.8 | 4.1% above |
| 20 week MA | $153.4 | 0.4% below |
| 50 week MA | $136.8 | 12% above |
| 100 week MA | $114.9 | 33% above |
| 200 week MA | $84.7 | 80% above |
BNY's trend is mixed: it's above four of its five weekly moving averages, and 80% above its 200-week average.
BLK Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $503.0 | $707.2 | +41% |
| 2021 | $707.2 | $913.9 | +29% |
| 2022 | $913.9 | $703.9 | -23% |
| 2023 | $703.9 | $811.8 | +15% |
| 2024 | $811.8 | $1,044.2 | +29% |
| 2025 | $1,044.2 | $1,088.1 | +4.2% |
| 2026 YTD | $1,088.1 | $1,216.6 | +12% |
BLK has finished higher in five of the last six years. It's up 12% so far in 2026.
BNY Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $50.3 | $41.0 | -18% |
| 2021 | $41.0 | $58.1 | +42% |
| 2022 | $58.1 | $44.7 | -23% |
| 2023 | $44.7 | $52.1 | +17% |
| 2024 | $52.1 | $77.6 | +49% |
| 2025 | $77.6 | $117.5 | +51% |
| 2026 YTD | $117.5 | $152.8 | +30% |
BNY has the edge over BLK on returns for 2026, with the stronger performance.