BLK
BlackRock, Inc.
BLK offers stronger fundamentals, but that advantage does not outweigh its weaker overall profile.
FULT
Fulton Financial Corporation
FULT has the edge over BLK overall, supported by stronger modeled upside and stronger valuation.
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.
FULT Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| N/A | |
| N/A |
FULT's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for financial services companies like FULT.
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's PE is in its expensive range at 28x.
FULT PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 9.1x | $19.50 | -18% |
| Forward | 10x | $23.84 | — |
| Fair | 11x | $22.58 | -5.3% |
| Current | 11x | $23.84 | — |
| Expensive | 12x | $25.61 | +7.4% |
Historical ranges are pointers, not guarantees.
FULT has the edge over BLK in the historical PE scenario, which offers more potential upside but is not a forecast.
BLK Forward outlook
There aren't enough analyst estimates for BLK to show an outlook.
FULT Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for FULT, 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 earned $43.87 per share over the past year, up 11% from the year before.
FULT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.34 | +9% |
| Q3 2026 | $2.15 | +13% |
| Q2 2026 | $2.09 | +22% |
| Q1 2026 | $2.10 | +24% |
| Q4 2025 | $2.08 | +32% |
| Q3 2025 | $1.91 | +21% |
| Q2 2025 | $1.71 | +2.4% |
| Q1 2025 | $1.70 | +5.6% |
| Q4 2024 | $1.57 | -4.3% |
FULT 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 FULT 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.
FULT Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $367.3M | +9.8% |
| Q2 2026 | $363.6M | +12% |
| Q1 2026 | $331.9M | +4.2% |
| Q4 2025 | $336M | +5.1% |
| Q3 2025 | $334.6M | +5.3% |
| Q2 2025 | $324.1M | -3.2% |
| Q1 2025 | $318.4M | +21% |
| Q4 2024 | $319.6M | +18% |
FULT's revenue has grown year over year for five quarters in a row: $367M last quarter, up 9.8% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 39% | +1.2 points |
| Q2 2026 | 35% | -2.7 points |
| Q1 2026 | 35% | -0.9 points |
| Q4 2025 | 36% | +8.8 points |
| Q3 2025 | 38% | +13 points |
| Q2 2025 | 38% | +7 points |
| Q1 2025 | 36% | +7.5 points |
| Q4 2024 | 27% | -2.9 points |
FULT 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.
FULT Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $294.1M | +153% |
| Q2 2026 | $99.7M | +8.7% |
| Q1 2026 | $114.7M | +16216% |
| Q4 2025 | $96M | -25% |
| Q3 2025 | $116.1M | +$148.4M |
| Q2 2025 | $91.7M | -45% |
| Q1 2025 | $703K | -100% |
| Q4 2024 | $127.9M | +$185.3M |
FULT's free cash flow was $605M over the past year, up 80% from the year before. Free cash flow isn't a meaningful measure for financial services companies like FULT.
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 the edge over FULT on shareholder dilution, with a more favorable share count trend.
| 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 |
FULT Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.4% | -763K shares |
| 1 year | +4.8% | +8.9M shares |
| 3 years | +16% | +26.2M shares |
| 5 years | +18% | +28.8M shares |
| Available history | +15% | +24.4M shares |
FULT has 192M diluted shares, up 4.8% from a year ago, despite $120M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $56.8M |
| Q2 2026 | $18.3M |
| Q1 2026 | $24.6M |
| Q4 2025 | $19.9M |
| Q3 2025 | $31M |
| Q2 2025 | $14.5M |
| Q1 2025 | $550,000 |
| Q4 2024 | — |
FULT spent $120M buying back its own shares over the past year, up 159% 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.
FULT Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q1 2020 | 4.7x | High |
| Q4 2019 | 2.6x | Moderate |
FULT's net debt is about 4.7 years of its operating earnings (EBITDA). Net leverage isn't a meaningful measure for financial services companies like FULT.
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).
FULT Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 57.0 | Neutral |
| Stochastic | 61.4 | Neutral |
FULT's weekly RSI is 57 (neutral) and its Stochastic is 61 (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.
FULT PE vs Financial Services Sector
| Metric | FULT | Sector median | Relative |
|---|---|---|---|
| PE | 11x | 13x | 15% below |
| PE % | 68 | 63 | 5 pts above |
FULT 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.
FULT Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $23.2 | 2.9% above |
| 20 week MA | $23.7 | 0.5% above |
| 50 week MA | $22.1 | 7.8% above |
| 100 week MA | $20.3 | 18% above |
| 200 week MA | $17.9 | 33% above |
FULT 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 finished higher in five of the last six years. It's up 12% so far in 2026.
FULT Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $17.5 | $12.8 | -27% |
| 2021 | $12.8 | $16.9 | +32% |
| 2022 | $16.9 | $17.1 | +0.8% |
| 2023 | $17.1 | $16.5 | -3.6% |
| 2024 | $16.5 | $19.7 | +19% |
| 2025 | $19.7 | $20.1 | +2.1% |
| 2026 YTD | $20.1 | $23.8 | +19% |
FULT has the edge over BLK on returns for 2026, with the stronger performance.