COMP <GO>

STWD vs BAC // OPTIONS IMPLIED MOVE & PUT/CALL SKEW

STARWOOD PROPERTY TRUST INC. Starwood Property Trust Inc. (NYSE) VS. Bank of America Corporation (NYSE) • 15-METRIC TALLY: STWD 5 — BAC 7

▲ OPTIONS IMPLIED MOVE & PUT/CALL SKEW LEADER: BAC

LAST: $12.20 (-1.61%) • MKT CAP: $4.59B

options-implied-move

7.40%

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

options-implied-move

6.60%

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

INSTITUTIONAL METRIC	STWD	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)	1.30%	2.50%	-1.20	BAC	/roic <GO>
EV/EBITDA & P/E Valuation	48.0x	30.2x	+17.80	BAC	/valuation <GO>
Free Cash Flow Yield	19.50%	2.10%	+17.40	STWD	/fcf-yield <GO>
Operating Margin	27.20%	32.90%	-5.70	BAC	/operating-margins <GO>
Net Profit Margin	22.30%	27.00%	-4.70	BAC	/net-margins <GO>
Revenue Growth (YoY)	-5.30%	6.80%	-12.10	BAC	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety	11.50%	0.00%	+11.50	STWD	/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 ACTIVE	7.40%	6.60%	+0.80	BAC	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	32.4	27.7	+4.75	STWD	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	1.16	0.90	+0.26	STWD	/macro-sensitivity <GO>
Forward P/E Multiple	10.4x	10.9x	-0.50	STWD	/forward-pe <GO>
Enterprise Scale & Market Cap	$4.59B	$357.61B	-$353.02B	BAC	/market-cap <GO>

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

FISCAL YEAR	STWD REV	BAC REV	STWD GROSS %	BAC GROSS %	STWD FCF	BAC FCF
FY 2025	$1.84B	$113.10B	44.0%	44.0%	$894.9M	$7.52B
FY 2024	$1.95B	$105.86B	44.0%	44.0%	$559.0M	-$13.57B
FY 2023	$2.05B	$102.77B	44.0%	44.0%	$436.4M	$40.36B

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

STWD // BETA 1.16

BAC // BETA 0.90