BLK
BlackRock, Inc.
BLK offers stronger fundamentals, but that advantage does not outweigh its weaker overall profile.
FCNCA
First Citizens BancShares, Inc.
FCNCA has the edge over BLK overall, supported by stronger valuation and stronger modeled upside.
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.
FCNCA Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Strong | |
| N/A | |
| N/A |
FCNCA'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 FCNCA.
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 FCNCA in the historical PE scenario, which offers more potential upside but is not a forecast.
FCNCA PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 8.5x | $1,649 | -29% |
| Forward | 11x | $2,318 | — |
| Fair | 12x | $2,274 | -1.9% |
| Current | 12x | $2,318 | — |
| Expensive | 14x | $2,794 | +21% |
Historical ranges are pointers, not guarantees.
FCNCA'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.
BLK Forward outlook
There aren't enough analyst estimates for BLK to show an outlook.
FCNCA Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for FCNCA, with profitability improving.
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 has the edge over FCNCA on earnings, with more consistent year-over-year improvement.
FCNCA Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $208.95 | +7.3% |
| Q3 2026 | $194.71 | +15% |
| Q2 2026 | $186.56 | +10% |
| Q1 2026 | $173.40 | -0.7% |
| Q4 2025 | $165.24 | -13% |
| Q3 2025 | $169.10 | -3.1% |
| Q2 2025 | $169.44 | -6.8% |
| Q1 2025 | $174.62 | -3.1% |
| Q4 2024 | $189.41 | -76% |
FCNCA's earnings per share have fallen from their peak: $194.71 over the past year, against $784.51 in late 2023.
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 FCNCA on sales, with more consistent year-over-year improvement.
| 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.
FCNCA Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $2.4B | 0% |
| Q2 2026 | $2.4B | +2.5% |
| Q1 2026 | $2.3B | +0.7% |
| Q4 2025 | $2.4B | +1.2% |
| Q3 2025 | $2.4B | -0.5% |
| Q2 2025 | $2.4B | -3.5% |
| Q1 2025 | $2.3B | -6% |
| Q4 2024 | $2.4B | -1.9% |
FCNCA's revenue fell from its 2023 peak and has held roughly level since: $2.4B last quarter, about level with the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 33% | +2.2 points |
| Q2 2026 | 37% | +4.7 points |
| Q1 2026 | 30% | +2.2 points |
| Q4 2025 | 33% | +2.7 points |
| Q3 2025 | 31% | -4.8 points |
| Q2 2025 | 32% | -7.9 points |
| Q1 2025 | 28% | -13 points |
| Q4 2024 | 31% | +1.5 points |
FCNCA has the edge over BLK on profitability, with a higher operating margin.
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.
FCNCA Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $689M | +1.6% |
| Q2 2026 | $941M | +28% |
| Q1 2026 | $31M | +$36M |
| Q4 2025 | $807M | -19% |
| Q3 2025 | $678M | -23% |
| Q2 2025 | $733M | +132% |
| Q1 2025 | -$5M | -101% |
| Q4 2024 | $991M | +43% |
FCNCA's free cash flow was $2.5B over the past year, up 3% from the year before. Free cash flow isn't a meaningful measure for financial services companies like FCNCA.
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 |
FCNCA Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -2.5% | -285K shares |
| 1 year | -12% | -1.6M shares |
| 3 years | -23% | -3.3M shares |
| 5 years | +15% | +1.4M shares |
| Available history | +1% | +109K shares |
FCNCA has the edge over BLK on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $600M |
| Q2 2026 | $606M |
| Q1 2026 | $899M |
| Q4 2025 | $900M |
| Q3 2025 | $896M |
| Q2 2025 | $613M |
| Q1 2025 | $618M |
| Q4 2024 | $948M |
FCNCA spent $3B buying back its own shares over the past year, down 2.3% 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 the edge over FCNCA on leverage, with a lower net debt burden relative to earnings.
FCNCA Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 6.1x | High |
| Q2 2026 | 8.3x | High |
| Q1 2026 | 9.4x | High |
| Q4 2025 | 10.4x | High |
| Q3 2025 | 11.6x | High |
| Q2 2025 | 11.1x | High |
| Q1 2025 | 10.8x | High |
| Q4 2024 | 9.7x | High |
FCNCA's net debt is about 6.1 years of its operating earnings (EBITDA), down from 12 years a year ago. Net leverage isn't a meaningful measure for financial services companies like FCNCA.
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).
FCNCA Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 61.7 | Neutral |
| Stochastic | 72.5 | Neutral |
FCNCA's weekly RSI is 62 (neutral) and its Stochastic is 73 (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.
FCNCA PE vs Financial Services Sector
| Metric | FCNCA | Sector median | Relative |
|---|---|---|---|
| PE | 12x | 13x | 8.6% below |
| PE % | 54 | 63 | 9 pts below |
FCNCA 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 is in an uptrend: it's above all five of its weekly moving averages, and 33% above its 200-week average.
FCNCA Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $2,209.5 | 4.9% above |
| 20 week MA | $2,185.1 | 6.1% above |
| 50 week MA | $2,081.5 | 11% above |
| 100 week MA | $2,003.1 | 16% above |
| 200 week MA | $1,746.4 | 33% above |
FCNCA is in an uptrend: it's above all five of its weekly moving averages, and 33% 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 the edge over FCNCA on returns for 2026, with the stronger performance.
FCNCA Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $530.5 | $593.1 | +12% |
| 2021 | $593.1 | $864.4 | +46% |
| 2022 | $864.4 | $751.1 | -13% |
| 2023 | $751.1 | $1,419.0 | +89% |
| 2024 | $1,419.0 | $2,132.4 | +50% |
| 2025 | $2,132.4 | $2,180.5 | +2.3% |
| 2026 YTD | $2,180.5 | $2,317.9 | +6.3% |
FCNCA has finished higher in five of the last six years, two of them by more than 50%. It's up 6.3% so far in 2026.