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U.S. Financials Sector Analysis

UpdatedMar 24, 2026
DataAggregated Company Financials
Companies1421
  • 7D0.3%
  • 3M-11.2%
  • 1Y-1.2%
  • YTD-10.2%

The Financials is pretty flat in the last 7 days, but Morgan Stanley has stood out, gaining 5.5%. Furthermore, the industry has been flat for the past year as well. Earnings are forecast to grow by 8.9% annually.

Sector Valuation and Performance

Has the U.S. Financials Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 24 Mar 2026US$9.3tUS$3.3tUS$563.0b12.1x16.6x2.8x
Thu, 19 Feb 2026US$10.0tUS$3.3tUS$565.0b12.6x17.7x3x
Sat, 17 Jan 2026US$10.5tUS$3.2tUS$553.4b12.8x18.9x3.3x
Mon, 15 Dec 2025US$10.5tUS$3.2tUS$552.5b12.9x19.1x3.3x
Wed, 12 Nov 2025US$10.2tUS$3.2tUS$554.1b12.2x18.3x3.2x
Fri, 10 Oct 2025US$10.3tUS$3.3tUS$517.3b12.7x20x3.1x
Sun, 07 Sep 2025US$10.4tUS$3.3tUS$517.6b13x20.1x3.1x
Tue, 05 Aug 2025US$9.9tUS$3.0tUS$520.8b12.3x18.9x3.2x
Thu, 03 Jul 2025US$10.0tUS$3.0tUS$525.6b13.2x18.9x3.3x
Sat, 31 May 2025US$9.6tUS$3.0tUS$525.5b12.5x18.2x3.2x
Mon, 28 Apr 2025US$9.1tUS$3.0tUS$548.1b11.9x16.6x3x
Wed, 26 Mar 2025US$9.6tUS$3.0tUS$544.7b12.3x17.6x3.2x
Fri, 21 Feb 2025US$10.0tUS$3.0tUS$560.4b12.5x17.8x3.4x
Sun, 19 Jan 2025US$9.6tUS$2.9tUS$533.9b13x18.1x3.3x
Tue, 17 Dec 2024US$9.6tUS$2.9tUS$504.7b13.6x19x3.3x
Thu, 14 Nov 2024US$9.6tUS$2.9tUS$504.8b13.5x19x3.3x
Sat, 12 Oct 2024US$8.7tUS$2.8tUS$466.3b12.6x18.8x3.1x
Mon, 09 Sep 2024US$8.4tUS$2.8tUS$465.9b12.1x18.1x3x
Wed, 07 Aug 2024US$7.8tUS$2.8tUS$465.1b11.7x16.8x2.8x
Fri, 05 Jul 2024US$8.0tUS$2.8tUS$461.3b11x17.3x2.9x
Sun, 02 Jun 2024US$7.9tUS$2.8tUS$463.2b10.8x17.2x2.9x
Tue, 30 Apr 2024US$7.8tUS$2.7tUS$480.6b10.7x16.3x2.9x
Thu, 28 Mar 2024US$8.0tUS$2.7tUS$474.9b11x16.9x3x
Sat, 24 Feb 2024US$7.7tUS$2.7tUS$437.0b10.6x17.6x2.8x
Mon, 22 Jan 2024US$7.4tUS$2.7tUS$425.9b11.4x17.4x2.7x
Wed, 20 Dec 2023US$7.4tUS$2.7tUS$446.7b11.6x16.6x2.7x
Fri, 17 Nov 2023US$6.8tUS$2.7tUS$446.8b10.7x15.1x2.5x
Sun, 15 Oct 2023US$6.5tUS$2.7tUS$436.8b10.1x14.8x2.4x
Tue, 12 Sep 2023US$6.7tUS$2.7tUS$430.8b10.5x15.6x2.5x
Thu, 10 Aug 2023US$6.8tUS$2.6tUS$429.0b11x15.8x2.6x
Sat, 08 Jul 2023US$6.5tUS$2.6tUS$342.9b10.6x19x2.5x
Mon, 05 Jun 2023US$6.4tUS$2.6tUS$341.0b10.4x18.6x2.5x
Wed, 03 May 2023US$6.2tUS$2.6tUS$319.6b10.1x19.6x2.4x
Fri, 31 Mar 2023US$6.3tUS$2.6tUS$319.6b10.7x19.6x2.4x
Price to Earnings Ratio

19.6x


Total Market Cap: US$6.3tTotal Earnings: US$319.6bTotal Revenue: US$2.6tTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Financials Sector Price to Earnings3Y Average 17.8x202420252026
Current Industry PE
  • Investors are relatively neutral on the American Financials industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 17.8x.
  • The industry is trading close to its 3-year average PS ratio of 2.9x.
Past Earnings Growth
  • The earnings for companies in the Financials industry have grown 21% per year over the last three years.
  • Revenues for these companies have grown 8.8% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the U.S. Financials sector?

US Market-1.74%
Financials0.34%
Banks1.63%
Capital Markets1.61%
Consumer Finance1.43%
Mortgage Finance0%0
Insurance-0.95%
Diversified Financial-1.58%
Mortgage REITs-2.45%
Industry PE
  • Investors are most optimistic about the Capital Markets industry even though it's trading below its 3-year average PE ratio of 25.7x.
    • Analysts are expecting annual earnings growth of 12.6%, which is lower than the prior year's growth of 15.8% per year.
  • Investors are most pessimistic about the Mortgage REITs industry, which is trading below its 3-year average of 19.8x.
Forecasted Growth
  • Analysts are most optimistic on the Consumer Finance industry, expecting annual earnings growth of 17% over the next 5 years.
  • However this is lower than its past earnings growth rate of 33% per year.
  • In contrast, the Insurance industry is expected to see its earnings grow by 3.6% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
MS Morgan StanleyUS$164.325.5%
+US$13.7b		32.2%PE16.1x
GS Goldman Sachs GroupUS$831.274.6%
+US$11.3b		43.3%PE15.8x
JPM JPMorgan ChaseUS$289.911.3%
+US$10.1b		16.9%PB2.3x
WFC Wells FargoUS$78.283.3%
+US$7.8b		5.4%PB1.5x
C CitigroupUS$111.644.0%
+US$7.5b		50.8%PB1x

Latest News

APO
US$110.45
Apollo Global Management
7D
6.8%
1Y
-25.6%
GS
US$831.27
Goldman Sachs Group
7D
4.6%
1Y
43.3%
HOOD
US$72.49
Robinhood Markets
7D
-3.7%
1Y
49.9%
WFC
US$78.28
Wells Fargo
7D
3.3%
1Y
5.4%

WFC: Future Returns Will Reflect ROTCE Expansion Despite Sector Multiple Pressure

The analyst price target on Wells Fargo has been trimmed slightly, reflecting a modest fair value adjustment to about $100.52 as analysts weigh mixed target changes across the Street and updated assumptions on profitability and sector valuations. Analyst Commentary Recent research on Wells Fargo points to a split view, with some analysts focusing on upside to earnings power and capital return, while others question how much of that story is already reflected in the share price.
V
US$304.44
Visa
7D
-1.8%
1Y
-11.5%
JPM
US$289.91
JPMorgan Chase
7D
1.3%
1Y
16.9%
KKR
US$90.84
KKR
7D
5.5%
1Y
-25.5%
BLK
US$974.58
BlackRock
7D
3.3%
1Y
1.2%
ICE
US$157.17
Intercontinental Exchange
7D
-2.7%
1Y
-10.3%
MA
US$500.38
Mastercard
7D
-1.6%
1Y
-8.0%
MS
US$164.32
Morgan Stanley
7D
5.5%
1Y
32.2%

MS: Buybacks And Lower Credit Costs Will Support Future Upside

Analysts have raised their price target on Morgan Stanley from $169.52 to $195.81. They cite updated assumptions that include revised revenue growth, profit margin, discount rate and future P/E inputs.
C
US$111.64
Citigroup
7D
4.0%
1Y
50.8%

C: Banamex Stake Sale And Capital Actions Will Drive Future Upside

Analysts have raised their price target on Citigroup from $116.00 to about $134.32, citing updated assumptions that include different revenue growth, profit margin, future P/E expectations, and an adjusted discount rate. What's in the News Citi signed a long term lease for premium office space in The Rock, a new 9,492 m² office development in Luxembourg’s Cloche d’Or district.
BRK.A
US$720,000.00
Berkshire Hathaway
7D
-2.4%
1Y
-8.8%
CME
US$306.56
CME Group
7D
-2.3%
1Y
16.6%
TRV
US$295.52
Travelers Companies
7D
-3.0%
1Y
13.9%

TRV: Underwriting Strength And AI Execution Will Support Margins In Softer P And C

Analysts have inched up their fair value estimate for Travelers Companies by about $1 to $303, citing stronger margin assumptions and a slightly lower expected future P/E multiple, as reflected in a series of recent price target revisions across the Street. Analyst Commentary Recent research updates paint a mixed picture for Travelers, with several firms lifting price targets while others trim expectations or downgrade ratings.
CB
US$326.37
Chubb
7D
-1.1%
1Y
12.0%

CB: Dividends And Buybacks Will Support A Stable Fairly Valued Outlook

Analysts have nudged their price target on Chubb slightly higher to about $338 from roughly $336, attributing the change to small adjustments in expected revenue trends, profit margins, and future P/E assumptions. What's in the News Chubb's Board of Directors plans to recommend at the 2026 Annual General Meeting an annual dividend of $4.08 per share, payable in four quarterly payments of $1.02 per share, compared with the current quarterly dividend of $0.97 per share.