COMP <GO>

NLY vs BAC // DIVIDEND YIELD & FCF PAYOUT SAFETY

Annaly Capital Management Inc. (NYSE) VS. Bank of America Corporation (NYSE) • 15-METRIC TALLY: NLY 9 — BAC 3

▲ DIVIDEND YIELD & FCF PAYOUT SAFETY LEADER: NLY

LAST: $18.23 (-1.30%) • MKT CAP: $14.55B

dividend-safety

11.50%

LAST: $50.01 (-2.21%) • MKT CAP: $357.61B

dividend-safety

0.00%

15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (NLY VS. BAC) EMERALD CELL = QUANTITATIVE EDGE

INSTITUTIONAL METRIC	NLY	BAC	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	41.00%	41.00%	0.00	TIE	/gross-margins <GO>
Return on Invested Capital (ROIC)	4.00%	2.50%	+1.50	NLY	/roic <GO>
EV/EBITDA & P/E Valuation	18.2x	30.2x	-12.00	NLY	/valuation <GO>
Free Cash Flow Yield	3.50%	2.10%	+1.40	NLY	/fcf-yield <GO>
Operating Margin	61.40%	32.90%	+28.50	NLY	/operating-margins <GO>
Net Profit Margin	50.40%	27.00%	+23.40	NLY	/net-margins <GO>
Revenue Growth (YoY)	4.40%	6.80%	-2.40	BAC	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety ACTIVE	11.50%	0.00%	+11.50	NLY	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	0.45	0.45	0.00	TIE	/balance-sheet <GO>
Piotroski F-Score Quality	7/9	7/9	0.00	TIE	/piotroski-score <GO>
Options Implied Move & Put/Call Skew	7.40%	6.60%	+0.80	BAC	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	38.1	27.7	+10.43	NLY	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	1.15	0.90	+0.25	NLY	/macro-sensitivity <GO>
Forward P/E Multiple	6.6x	10.9x	-4.30	NLY	/forward-pe <GO>
Enterprise Scale & Market Cap	$14.55B	$357.61B	-$343.06B	BAC	/market-cap <GO>

5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY

FISCAL YEAR	NLY REV	BAC REV	NLY GROSS %	BAC GROSS %	NLY FCF	BAC FCF
FY 2025	$0	$113.10B	—	44.0%	$692.9M	$7.52B
FY 2024	$0	$105.86B	—	44.0%	$3.31B	-$13.57B
FY 2023	$0	$102.77B	—	44.0%	$2.37B	$40.36B

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

NLY // BETA 1.15

BAC // BETA 0.90