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U.S. Financials Sector Analysis

UpdatedOct 13, 2024
DataAggregated Company Financials
Companies1290
  • 7D1.8%
  • 3M8.0%
  • 1Y41.2%
  • YTD22.5%

Over the last 7 days, the Financials industry has risen 1.8%, driven by gains from JPMorgan Chase of 5.2%. In the last 12 months, the industry was up 41%. As for the next few years, earnings are expected to grow by 12% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 13 Oct 2024US$8.9tUS$2.8tUS$466.4b12.6x19.1x3.1x
Tue, 10 Sep 2024US$8.5tUS$2.8tUS$465.9b12.1x18.3x3x
Thu, 08 Aug 2024US$7.9tUS$2.8tUS$465.7b11.7x17x2.8x
Sat, 06 Jul 2024US$8.0tUS$2.8tUS$461.2b10.8x17.3x2.9x
Mon, 03 Jun 2024US$7.9tUS$2.8tUS$463.2b10.8x17.2x2.9x
Wed, 01 May 2024US$7.7tUS$2.7tUS$481.6b10.7x16x2.8x
Fri, 29 Mar 2024US$8.0tUS$2.7tUS$475.0b10.9x16.9x3x
Sun, 25 Feb 2024US$7.7tUS$2.7tUS$436.9b10.6x17.6x2.8x
Tue, 23 Jan 2024US$7.5tUS$2.7tUS$425.4b11.6x17.5x2.8x
Thu, 21 Dec 2023US$7.4tUS$2.7tUS$446.7b11.5x16.6x2.7x
Sat, 18 Nov 2023US$6.8tUS$2.7tUS$446.8b10.7x15.1x2.5x
Mon, 16 Oct 2023US$6.5tUS$2.7tUS$437.8b10.1x14.8x2.4x
Wed, 13 Sep 2023US$6.7tUS$2.7tUS$430.8b10.5x15.6x2.5x
Fri, 11 Aug 2023US$6.8tUS$2.7tUS$429.7b11.2x15.9x2.6x
Sun, 09 Jul 2023US$6.5tUS$2.6tUS$342.9b10.6x19x2.5x
Tue, 06 Jun 2023US$6.4tUS$2.6tUS$341.2b10.4x18.6x2.5x
Thu, 04 May 2023US$6.2tUS$2.6tUS$322.4b10x19.2x2.4x
Sat, 01 Apr 2023US$6.3tUS$2.6tUS$318.5b10.7x19.8x2.5x
Mon, 27 Feb 2023US$5.7tUS$2.4tUS$330.6b11.7x17.3x2.4x
Wed, 25 Jan 2023US$5.7tUS$2.4tUS$362.0b11.5x15.8x2.4x
Fri, 23 Dec 2022US$5.4tUS$2.4tUS$368.9b11.5x14.7x2.2x
Sun, 20 Nov 2022US$5.7tUS$2.4tUS$368.6b11.8x15.3x2.3x
Tue, 18 Oct 2022US$5.0tUS$2.4tUS$408.1b11.2x12.2x2.1x
Thu, 15 Sep 2022US$5.4tUS$2.4tUS$408.6b11.5x13.3x2.2x
Sat, 13 Aug 2022US$5.7tUS$2.4tUS$401.5b12.1x14.3x2.4x
Mon, 11 Jul 2022US$5.3tUS$2.4tUS$513.4b11.1x10.3x2.2x
Wed, 08 Jun 2022US$5.8tUS$2.4tUS$513.8b11.2x11.3x2.4x
Fri, 06 May 2022US$5.8tUS$2.4tUS$518.1b11.7x11.2x2.4x
Sun, 03 Apr 2022US$6.4tUS$2.4tUS$553.7b11.9x11.6x2.6x
Tue, 01 Mar 2022US$6.6tUS$2.5tUS$553.1b10.9x11.9x2.7x
Thu, 27 Jan 2022US$6.5tUS$2.4tUS$549.6b11x11.9x2.7x
Sat, 25 Dec 2021US$6.7tUS$2.4tUS$542.1b10.9x12.3x2.8x
Mon, 22 Nov 2021US$6.7tUS$2.4tUS$541.8b11.1x12.4x2.8x
Wed, 20 Oct 2021US$6.7tUS$2.4tUS$555.1b11.4x12.2x2.8x
Price to Earnings Ratio

12.2x


Total Market Cap: US$6.7tTotal Earnings: US$555.1bTotal Revenue: US$2.4tTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Financials Sector Price to Earnings3Y Average 15.2x202220232024
Current Industry PE
  • Investors are optimistic on the American Financials industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 19.1x which is higher than its 3-year average PE of 15.2x.
  • The 3-year average PS ratio of 2.6x is lower than the industry's current PS ratio of 3.1x.
Past Earnings Growth
  • The earnings for companies in the Financials industry have declined 5.6% per year over the last three years.
  • Meanwhile revenues for these companies have grown 6.1% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Trends

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

US Market1.01%
Financials1.76%
Banks4.47%
Capital Markets2.05%
Consumer Finance0.77%
Diversified Financial0.59%
Mortgage Finance0%
Insurance-0.17%
Mortgage REITs-1.13%
Industry PE
  • Investors are most optimistic about the Capital Markets industry which is trading above its 3-year average PE ratio of 22.0x.
    • Analysts expect its future annual earnings growth (14.4%) to be largely in line with prior year's earnings growth.
  • Investors are most pessimistic about the Banks industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 10.6x.
Forecasted Growth
  • Analysts are most optimistic on the Mortgage REITs industry, expecting annual earnings growth of 54% over the next 5 years.
  • This is better than its past earnings decline of 8.1% per year.
  • In contrast, the Insurance industry is expected to see its earnings grow by 8.9% 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
JPM JPMorgan ChaseUS$222.295.2%
+US$24.9b		50.2%PB1.9x
BAC Bank of AmericaUS$41.954.6%
+US$14.3b		56.8%PB1.2x
WFC Wells FargoUS$60.997.1%
+US$10.2b		48.9%PB1.2x
GS Goldman Sachs GroupUS$516.304.3%
+US$7.0b		66.9%PE16.2x
BLK BlackRockUS$990.264.3%
+US$6.1b		57.8%PE24.1x
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