AI Analysis

Log in to generate an AI summary for this stock.

Log in to generate a MOAT report for this stock.

Log in to generate an earnings report for this stock.

Log in to generate an operating leverage report for this stock.

Log in to generate a management report for this stock.

Log in to generate a valuation report for this stock.

Byline Bancorp, Inc.

$38.67 +$9.63 (+33.16%)
NYSE · 11 Sep 2026 20:00 UTC
Previous Close
$38.38
Day Range
$38.13$38.82
Year Range
$25.57$40.03
Market Cap
1.76B
AVG Volume
283.44K
Trailing/Forward PE
11.61/11.33
PEG ratio
13.1
Dividend Yield
1.24%
Next Earnings Date
2026-10-22
Primary Exchange
New York Stock ExchangeUS
Revenue (USD)
050M100M150M200M24 Q124 Q224 Q324 Q425 Q125 Q225 Q325 Q426 Q126 Q2
BY Revenue (USD) by quarter
PeriodRevenue (USD)
26 Q2160.05M
26 Q1153.38M
25 Q4159.95M
25 Q3162.58M
25 Q2158.12M
25 Q1148.84M
24 Q4154.44M
24 Q3160.04M
24 Q2153.73M
24 Q1153.21M
Net Income (USD)
020M40M60M24 Q124 Q224 Q324 Q425 Q125 Q225 Q325 Q426 Q126 Q2
BY Net Income (USD) by quarter
PeriodNet Income (USD)
26 Q240.18M
26 Q137.58M
25 Q434.52M
25 Q337.2M
25 Q230.08M
25 Q128.25M
24 Q430.32M
24 Q330.33M
24 Q229.67M
24 Q130.44M
Operating Income (USD)
020M40M60M24 Q124 Q224 Q324 Q425 Q125 Q225 Q325 Q426 Q126 Q2
BY Operating Income (USD) by quarter
PeriodOperating Income (USD)
26 Q254.07M
26 Q149.67M
25 Q456.64M
25 Q349.92M
25 Q238.93M
25 Q137.47M
24 Q440.36M
24 Q340.04M
24 Q240.12M
24 Q140.56M
EBITDA (USD)
020M40M60M24 Q124 Q224 Q324 Q425 Q125 Q225 Q325 Q426 Q126 Q2
BY EBITDA (USD) by quarter
PeriodEBITDA (USD)
26 Q254.07M
26 Q150.8M
25 Q458.13M
25 Q351.06M
25 Q240.04M
25 Q138.63M
24 Q441.57M
24 Q341.28M
24 Q241.39M
24 Q141.87M
Cash Flows (USD)
020M40M60M80M24 Q124 Q224 Q324 Q425 Q125 Q225 Q325 Q426 Q126 Q2
BY Cash Flows (USD) by quarter
PeriodCash Flows (USD)
26 Q213.16M
26 Q154.09M
25 Q458.13M
25 Q337.97M
25 Q215.18M
25 Q125.05M
24 Q450.78M
24 Q319.14M
24 Q239.41M
24 Q161.82M
EPS (USD)
00.250.50.75124 Q124 Q224 Q324 Q425 Q125 Q225 Q325 Q426 Q126 Q2
BY EPS (USD) by quarter
PeriodEPS (USD)
26 Q20.88
26 Q10.83
25 Q40.76
25 Q30.82
25 Q20.67
25 Q10.64
24 Q40.69
24 Q30.69
24 Q20.68
24 Q10.7
Expenses (USD)
020M40M60MSG&ACapex24 Q124 Q224 Q324 Q425 Q125 Q225 Q325 Q426 Q126 Q2
BY Expenses (USD) by quarter
PeriodExpenses (USD)
26 Q24.24M
26 Q13.7M
25 Q454.92M
25 Q337.87M
25 Q25.93M
25 Q138.26M
24 Q444.36M
24 Q335.62M
24 Q234.64M
24 Q134.47M
Cash & Debt (USD)
01B2B3BCashLong Term DebtShort Term Debt24 Q124 Q224 Q324 Q425 Q125 Q225 Q325 Q426 Q126 Q2
BY Cash & Debt (USD) by quarter
PeriodCash & Debt (USD)
26 Q21.69B
26 Q11.72B
25 Q41.47B
25 Q31.49B
25 Q2252.95M
25 Q11.69B
24 Q41.73B
24 Q31.95B
24 Q22.12B
24 Q12.02B
Debt ratios
-10-7.5-5-2.502.524 Q124 Q224 Q324 Q425 Q125 Q225 Q325 Q426 Q126 Q2
BY Debt ratios by quarter
PeriodDebt ratios
26 Q2-5.08
26 Q1-5.3
25 Q4-4.79
25 Q3-5.31
25 Q21.9
25 Q1-5.93
24 Q4-5.75
24 Q3-7.78
24 Q2-6.43
24 Q1-7.24
Margins
0%20%40%60%80%24 Q124 Q224 Q324 Q425 Q125 Q225 Q325 Q426 Q126 Q2
BY Margins by quarter
PeriodMargins
26 Q268.37%
26 Q169.14%
25 Q473.15%
25 Q366.76%
25 Q261.75%
25 Q162.5%
24 Q462.47%
24 Q358.48%
24 Q260.26%
24 Q161.21%
Return on Capital
0%1%2%3%4%24 Q124 Q224 Q324 Q425 Q125 Q225 Q325 Q426 Q126 Q2
BY Return on Capital by quarter
PeriodReturn on Capital
26 Q23.08%
26 Q12.94%
25 Q42.72%
25 Q33.01%
25 Q22.52%
25 Q12.5%
24 Q42.78%
24 Q32.77%
24 Q22.87%
24 Q13.02%
Shares Outstanding
020M40M60M24 Q124 Q224 Q324 Q425 Q125 Q225 Q325 Q426 Q126 Q2
BY Shares Outstanding by quarter
PeriodShares Outstanding
26 Q244.83M
26 Q144.83M
25 Q444.83M
25 Q345.37M
25 Q243.79M
25 Q143.79M
24 Q443.66M
24 Q343.52M
24 Q243.36M
24 Q143.26M
Dividends (USD)
00.050.10.15May 24Aug 24Nov 24Feb 25May 25Aug 25Nov 25Feb 26May 26Aug 26
BY Dividends (USD) by quarter
PeriodDividends (USD)
Aug 260.14
May 260.12
Feb 260.12
Nov 250.1
Aug 250.1
May 250.1
Feb 250.1
Nov 240.09
Aug 240.09
May 240.09
Employee Count
05001K1.5K2019202020212022202320242025
BY Employee Count by quarter
PeriodEmployee Count
20251.02K
20241.02K
20231.04K
2022948
2021929
2020931
20191K
Book Value Per Share (USD)
010203024 Q124 Q224 Q324 Q425 Q125 Q225 Q325 Q426 Q126 Q2
BY Book Value Per Share (USD) by quarter
PeriodBook Value Per Share (USD)
26 Q229.09
26 Q128.56
25 Q428.28
25 Q327.28
25 Q227.23
25 Q125.83
24 Q425
24 Q325.19
24 Q223.82
24 Q123.33
Total Assets (USD)
02.5B5B7.5B10B24 Q124 Q224 Q324 Q425 Q125 Q225 Q325 Q426 Q126 Q2
BY Total Assets (USD) by quarter
PeriodTotal Assets (USD)
26 Q29.93B
26 Q19.91B
25 Q49.65B
25 Q39.81B
25 Q29.72B
25 Q19.58B
24 Q49.5B
24 Q39.42B
24 Q29.63B
24 Q19.41B
PE Ratio
8101214med 10.55Dec 24Apr 25Jul 25Oct 25Feb 26May 26Sep 26
BY PE Ratio by quarter
PeriodPE Ratio
Sep 2611.6
Sep 2611.65
Aug 2611.49
Aug 2611.47
Aug 2611.78
Aug 2611.65
Jul 2612.63
Jul 2612.42
Jul 2612.24
Jul 2611.98
Jul 2612.04
Jun 2612.08
Jun 2611.31
Jun 2611.39
Jun 2610.87
May 2610.64
May 2610.67
May 2610.25
May 2610.67
May 2610.47
Apr 2611.39
Apr 2611.62
Apr 2611.43
Apr 2611
Mar 2610.62
Mar 2610.43
Mar 2610.51
Mar 2610.62
Feb 2610.76
Feb 2611.94
Feb 2611.85
Feb 2612.08
Jan 2611.51
Jan 2611.16
Jan 2611.07
Jan 2610.73
Jan 2610.47
Dec 2510.71
Dec 2511
Dec 2511.08
Dec 2510.52
Nov 2510.06
Nov 259.95
Nov 259.92
Nov 259.83
Oct 259.84
Oct 2510.36
Oct 259.64
Oct 259.72
Oct 2510.17
Sep 2510.43
Sep 2510.48
Sep 2510.69
Sep 2510.65
Aug 2510.64
Aug 2510.65
Aug 259.96
Aug 259.47
Aug 259.46
Jul 2510
Jul 2510.24
Jul 2510.32
Jul 2510.48
Jun 259.89
Jun 259.25
Jun 259.31
Jun 259.72
May 259.55
May 259.55
May 2510
May 259.69
May 259.76
Apr 259.26
Apr 258.74
Apr 258.41
Apr 258.72
Mar 259.46
Mar 259.63
Mar 259.61
Mar 259.78
Feb 2510.32
Feb 2510.48
Feb 2510.69
Feb 2510.76
Jan 2510.64
Jan 2510.57
Jan 2510.33
Jan 259.74
Jan 2510.32
Dec 2410.5
Dec 2410.59
Dec 2411.28
Dec 2411.44
Nov 2411.39
Nov 2411.58
Nov 2411.29
Nov 2411.19
Nov 249.7
Oct 249.88
Oct 249.72
Free Cash Flow Yield
7.5%10%12.5%15%17.5%med 9.72%Dec 24Apr 25Jul 25Oct 25Feb 26May 26Sep 26
BY Free Cash Flow Yield by quarter
PeriodFree Cash Flow Yield
Sep 269.42%
Sep 269.38%
Aug 269.51%
Aug 269.53%
Aug 269.28%
Aug 269.38%
Jul 269.39%
Jul 269.56%
Jul 269.69%
Jul 269.9%
Jul 269.85%
Jun 269.82%
Jun 2610.49%
Jun 2610.42%
Jun 2610.92%
May 2611.15%
May 2611.12%
May 2611.57%
May 2611.12%
May 2611.33%
Apr 269.21%
Apr 269.02%
Apr 269.17%
Apr 269.53%
Mar 269.87%
Mar 2610.05%
Mar 269.97%
Mar 269.87%
Feb 269.75%
Feb 268.58%
Feb 268.65%
Feb 268.48%
Jan 268.9%
Jan 269.19%
Jan 269.26%
Jan 269.55%
Jan 269.79%
Dec 259.57%
Dec 259.32%
Dec 259.25%
Dec 259.74%
Nov 2510.18%
Nov 2510.3%
Nov 2510.33%
Nov 2510.43%
Oct 259.41%
Oct 258.94%
Oct 259.61%
Oct 259.53%
Oct 259.1%
Sep 258.87%
Sep 258.84%
Sep 258.66%
Sep 258.7%
Aug 258.7%
Aug 258.7%
Aug 259.3%
Aug 259.77%
Aug 2511.98%
Jul 2511.33%
Jul 2511.07%
Jul 2510.98%
Jul 2510.81%
Jun 2511.46%
Jun 2512.25%
Jun 2512.17%
Jun 2511.66%
May 2511.86%
May 2511.86%
May 2511.33%
May 2511.7%
May 2511.61%
Apr 2515.31%
Apr 2516.21%
Apr 2516.86%
Apr 2516.26%
Mar 2514.98%
Mar 2514.72%
Mar 2514.76%
Mar 2514.49%
Feb 2513.74%
Feb 259.09%
Feb 258.91%
Feb 258.86%
Jan 258.96%
Jan 259.02%
Jan 259.22%
Jan 259.78%
Jan 259.23%
Dec 249.08%
Dec 249%
Dec 248.45%
Dec 248.33%
Nov 248.37%
Nov 248.23%
Nov 248.44%
Nov 248.52%
Nov 249.83%
Oct 2414.81%
Oct 2415.05%
Price to Sales
1.522.53med 2.07Dec 24Apr 25Jul 25Oct 25Feb 26May 26Sep 26
BY Price to Sales by quarter
PeriodPrice to Sales
Sep 262.73
Sep 262.74
Aug 262.7
Aug 262.7
Aug 262.77
Aug 262.74
Jul 262.78
Jul 262.73
Jul 262.69
Jul 262.63
Jul 262.65
Jun 262.66
Jun 262.49
Jun 262.5
Jun 262.39
May 262.34
May 262.35
May 262.25
May 262.34
May 262.3
Apr 262.35
Apr 262.4
Apr 262.36
Apr 262.27
Mar 262.19
Mar 262.16
Mar 262.17
Mar 262.2
Feb 262.22
Feb 262.41
Feb 262.39
Feb 262.44
Jan 262.32
Jan 262.25
Jan 262.23
Jan 262.17
Jan 262.11
Dec 252.16
Dec 252.22
Dec 252.23
Dec 252.12
Nov 252.03
Nov 252.01
Nov 252
Nov 251.98
Oct 251.88
Oct 251.98
Oct 251.85
Oct 251.86
Oct 251.95
Sep 252
Sep 252.01
Sep 252.05
Sep 252.04
Aug 252.04
Aug 252.04
Aug 251.91
Aug 251.81
Aug 251.82
Jul 251.92
Jul 251.97
Jul 251.98
Jul 252.01
Jun 251.9
Jun 251.78
Jun 251.79
Jun 251.87
May 251.84
May 251.84
May 251.92
May 251.86
May 251.88
Apr 251.8
Apr 251.7
Apr 251.63
Apr 251.69
Mar 251.84
Mar 251.87
Mar 251.87
Mar 251.9
Feb 252.01
Feb 252.04
Feb 252.08
Feb 252.09
Jan 252.07
Jan 252.06
Jan 252.01
Jan 251.9
Jan 252.01
Dec 242.04
Dec 242.06
Dec 242.2
Dec 242.23
Nov 242.22
Nov 242.26
Nov 242.2
Nov 242.18
Nov 241.89
Oct 241.93
Oct 241.9
EV/EBITDA
-50510med 2.14Dec 24Apr 25Jul 25Oct 25Feb 26May 26Sep 26
BY EV/EBITDA by quarter
PeriodEV/EBITDA
Sep 263.02
Sep 263.06
Aug 262.94
Aug 262.93
Aug 263.14
Aug 263.05
Jul 263.51
Jul 263.36
Jul 263.23
Jul 263.05
Jul 263.1
Jun 263.12
Jun 262.58
Jun 262.64
Jun 262.28
May 262.12
May 262.14
May 261.85
May 262.14
May 262
Apr 263.09
Apr 263.25
Apr 263.12
Apr 262.82
Mar 262.56
Mar 262.43
Mar 262.49
Mar 262.56
Feb 262.65
Feb 263.46
Feb 263.39
Feb 263.56
Jan 263.14
Jan 262.88
Jan 262.82
Jan 262.57
Jan 262.38
Dec 252.55
Dec 252.77
Dec 252.82
Dec 252.42
Nov 252.08
Nov 252
Nov 251.97
Nov 251.91
Oct 259.15
Oct 259.53
Oct 259
Oct 259.06
Oct 259.39
Sep 259.58
Sep 259.62
Sep 259.77
Sep 259.74
Aug 259.73
Aug 259.74
Aug 259.23
Aug 258.88
Aug 250.96
Jul 251.35
Jul 251.53
Jul 251.58
Jul 251.7
Jun 251.27
Jun 250.81
Jun 250.85
Jun 251.15
May 251.03
May 251.03
May 251.35
May 251.13
May 251.18
Apr 250.98
Apr 250.61
Apr 250.36
Apr 250.59
Mar 251.13
Mar 251.25
Mar 251.24
Mar 251.36
Feb 251.75
Feb 25-0.2
Feb 25-0.04
Feb 25-0
Jan 25-0.09
Jan 25-0.13
Jan 25-0.3
Jan 25-0.73
Jan 25-0.31
Dec 24-0.19
Dec 24-0.12
Dec 240.38
Dec 240.49
Nov 240.46
Nov 240.6
Nov 240.39
Nov 240.31
Nov 24-0.77
Oct 240.68
Oct 240.56
Price/Operating Cashflow
4681012med 9.99Dec 24Apr 25Jul 25Oct 25Feb 26May 26Sep 26
BY Price/Operating Cashflow by quarter
PeriodPrice/Operating Cashflow
Sep 2610.46
Sep 2610.51
Aug 2610.36
Aug 2610.35
Aug 2610.62
Aug 2610.51
Jul 2610.49
Jul 2610.31
Jul 2610.17
Jul 269.95
Jul 2610
Jun 2610.03
Jun 269.39
Jun 269.46
Jun 269.02
May 268.84
May 268.86
May 268.52
May 268.86
May 268.7
Apr 2610.55
Apr 2610.77
Apr 2610.59
Apr 2610.2
Mar 269.84
Mar 269.67
Mar 269.74
Mar 269.85
Feb 269.97
Feb 2611.17
Feb 2611.09
Feb 2611.3
Jan 2610.77
Jan 2610.43
Jan 2610.35
Jan 2610.04
Jan 269.79
Dec 2510.02
Dec 2510.29
Dec 2510.36
Dec 259.84
Nov 259.41
Nov 259.31
Nov 259.28
Nov 259.19
Oct 2510.09
Oct 2510.63
Oct 259.89
Oct 259.97
Oct 2510.43
Sep 2510.7
Sep 2510.75
Sep 2510.96
Sep 2510.92
Aug 2510.91
Aug 2510.92
Aug 2510.21
Aug 259.72
Aug 258.02
Jul 258.48
Jul 258.68
Jul 258.75
Jul 258.88
Jun 258.39
Jun 257.84
Jun 257.89
Jun 258.24
May 258.1
May 258.1
May 258.48
May 258.21
May 258.27
Apr 256.38
Apr 256.03
Apr 255.79
Apr 256.01
Mar 256.52
Mar 256.64
Mar 256.62
Mar 256.74
Feb 257.11
Feb 2510.72
Feb 2510.94
Feb 2511.01
Jan 2510.88
Jan 2510.82
Jan 2510.58
Jan 259.97
Jan 2510.56
Dec 2410.74
Dec 2410.84
Dec 2411.54
Dec 2411.7
Nov 2411.66
Nov 2411.85
Nov 2411.55
Nov 2411.45
Nov 249.92
Oct 246.62
Oct 246.51
Price to Book
0.811.21.4med 1.11Dec 24Apr 25Jul 25Oct 25Feb 26May 26Sep 26
BY Price to Book by quarter
PeriodPrice to Book
Sep 261.33
Sep 261.34
Aug 261.32
Aug 261.31
Aug 261.35
Aug 261.33
Jul 261.38
Jul 261.35
Jul 261.33
Jul 261.3
Jul 261.31
Jun 261.31
Jun 261.23
Jun 261.24
Jun 261.18
May 261.16
May 261.16
May 261.12
May 261.16
May 261.14
Apr 261.17
Apr 261.19
Apr 261.17
Apr 261.13
Mar 261.09
Mar 261.07
Mar 261.08
Mar 261.09
Feb 261.1
Feb 261.21
Feb 261.21
Feb 261.23
Jan 261.17
Jan 261.13
Jan 261.13
Jan 261.09
Jan 261.06
Dec 251.09
Dec 251.12
Dec 251.13
Dec 251.07
Nov 251.02
Nov 251.01
Nov 251.01
Nov 251
Oct 250.98
Oct 251.03
Oct 250.96
Oct 250.97
Oct 251.01
Sep 251.04
Sep 251.05
Sep 251.07
Sep 251.06
Aug 251.06
Aug 251.06
Aug 250.99
Aug 250.95
Aug 250.99
Jul 251.05
Jul 251.07
Jul 251.08
Jul 251.1
Jun 251.04
Jun 250.97
Jun 250.98
Jun 251.02
May 251
May 251
May 251.05
May 251.02
May 251.02
Apr 251.02
Apr 250.97
Apr 250.93
Apr 250.96
Mar 251.05
Mar 251.07
Mar 251.06
Mar 251.08
Feb 251.14
Feb 251.15
Feb 251.17
Feb 251.18
Jan 251.16
Jan 251.16
Jan 251.13
Jan 251.07
Jan 251.13
Dec 241.15
Dec 241.16
Dec 241.24
Dec 241.25
Nov 241.25
Nov 241.27
Nov 241.24
Nov 241.23
Nov 241.06
Oct 241.13
Oct 241.11
Byline Bancorp, Inc.
BY
Stockpicker

Video analysis: BY

All videos

No video analysis for this stock yet. Request one from our team.

Your email is used only to follow up on this request. We do not add you to marketing lists. Privacy Policy

News: BY

Legal & General Group Plc Makes New $933,000 Investment in Byline Bancorp, Inc. $BY

defenseworld.net · 8 Sep 2026

Legal & General Group Plc Makes New $933,000 Investment in Byline Bancorp, Inc. $BY

Legal and General Group Plc bought a new position in Byline Bancorp, Inc. (NYSE: BY) in the undefined quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 24,770 shares of the company's stock, valued at approximately $933,000. Legal and General Group Plc owned

3,510,896 Shares in Byline Bancorp, Inc. $BY Bought by BlackRock Inc.

defenseworld.net · 29 Aug 2026

3,510,896 Shares in Byline Bancorp, Inc. $BY Bought by BlackRock Inc.

BlackRock Inc. bought a new stake in shares of Byline Bancorp, Inc. (NYSE: BY) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 3,510,896 shares of the company's stock, valued at approximately $132,220,000. BlackRock Inc. owned 7.73% of Byline Bancorp at the

Byline Bank and Lithic Partner to Expand Fintech Banking Capabilities

globenewswire.com · 27 Jul 2026

Byline Bank and Lithic Partner to Expand Fintech Banking Capabilities

CHICAGO, July 27, 2026 (GLOBE NEWSWIRE) -- Byline Bank today announced it has been selected as a Sponsor Bank partner by Lithic, a leading financial technology company that helps companies launch and scale payment card, banking and money movement products. This partnership will enable Lithic to connect technology companies with Byline Bank and enable them to launch consumer and commercial card programs and banking services.

Byline Bancorp, Inc. (BY) Q2 2026 Earnings Call Transcript

seekingalpha.com · 24 Jul 2026

Byline Bancorp, Inc. (BY) Q2 2026 Earnings Call Transcript

Byline Bancorp, Inc. (BY) Q2 2026 Earnings Call Transcript

Byline Bancorp Q2 Earnings Call Highlights

marketbeat.com · 24 Jul 2026

Byline Bancorp Q2 Earnings Call Highlights

Byline Bancorp NYSE: BY reported record second-quarter net income of $40.2 million, or $0.90 per diluted share, as revenue increased and expenses declined from the prior quarter. Adjusted earnings per share were $0.91, up 10% sequentially and 21% from a year earlier, President Alberto Paracchini said during the company's earnings call.

Here's What Key Metrics Tell Us About Byline Bancorp (BY) Q2 Earnings

zacks.com · 23 Jul 2026

Here's What Key Metrics Tell Us About Byline Bancorp (BY) Q2 Earnings

The headline numbers for Byline Bancorp (BY) give insight into how the company performed in the quarter ended June 2026, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Byline Bancorp (BY) Q2 Earnings and Revenues Top Estimates

zacks.com · 23 Jul 2026

Byline Bancorp (BY) Q2 Earnings and Revenues Top Estimates

Byline Bancorp (BY) came out with quarterly earnings of $0.91 per share, beating the Zacks Consensus Estimate of $0.79 per share. This compares to earnings of $0.75 per share a year ago.

Byline Bancorp, Inc. Reports Second Quarter 2026 Financial Results

businesswire.com · 23 Jul 2026

Byline Bancorp, Inc. Reports Second Quarter 2026 Financial Results

CHICAGO--(BUSINESS WIRE)--Byline Bancorp, Inc. (NYSE: BY), today reported:         At or for the quarter   Second Quarter Highlights (compared to 1Q26 unless specified)       2Q26   1Q26   2Q25 Financial Results ($ in thousands)                     • Delivered strong quarterly results, reflecting   Net interest income (NII)   $ 100,836     $ 99,863     $ 95,982     record revenues and solid growth   Non-interest income     16,876       12,538       14,471         Total revenue(1)     117,712  .

Similar companies

Disclaimer: The historical data presented on this platform is provided by Financial Modeling Prep. Stock Picker is a platform for informational purposes only and does not provide financial advice. Users are encouraged to conduct their own research and consult with a qualified financial advisor before making investment decisions.