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U.S. Capital Markets Industry Analysis

UpdatedMay 16, 2025
DataAggregated Company Financials
Companies318
  • 7D5.0%
  • 3M-3.7%
  • 1Y24.6%
  • YTD2.3%

Over the last 7 days, the Capital Markets industry has risen 5.0%, driven by gains in Morgan Stanley and Goldman Sachs Group of 8.7% and 8.9%, respectively. This means that the industry has gained 25% over the past year. Looking forward, earnings are forecast to grow by 13% annually.

Industry Valuation and Performance

Has the U.S. Capital Markets Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 16 May 2025US$2.4tUS$590.0bUS$96.1b27.7x25.1x4.1x
Sun, 13 Apr 2025US$2.1tUS$560.6bUS$96.5b24.2x21.4x3.7x
Tue, 11 Mar 2025US$2.3tUS$557.3bUS$94.7b19.9x23.9x4.1x
Thu, 06 Feb 2025US$2.5tUS$541.3bUS$91.5b22.7x27.4x4.6x
Sat, 04 Jan 2025US$2.4tUS$526.1bUS$81.6b23x29x4.5x
Mon, 02 Dec 2024US$2.5tUS$524.3bUS$81.7b24x30.7x4.8x
Wed, 30 Oct 2024US$2.3tUS$503.7bUS$81.1b23.2x28.1x4.5x
Fri, 27 Sep 2024US$2.1tUS$492.0bUS$77.9b21.2x27x4.3x
Sun, 25 Aug 2024US$2.0tUS$492.3bUS$78.0b20.3x25.5x4x
Tue, 23 Jul 2024US$2.0tUS$473.3bUS$76.5b20.5x26.1x4.2x
Thu, 20 Jun 2024US$1.9tUS$467.1bUS$73.1b20.8x26x4.1x
Sat, 18 May 2024US$2.0tUS$466.8bUS$73.2b22.7x26.8x4.2x
Mon, 15 Apr 2024US$1.8tUS$441.7bUS$67.7b19.9x27.2x4.2x
Wed, 13 Mar 2024US$1.9tUS$472.4bUS$72.1b19.4x26.4x4x
Fri, 09 Feb 2024US$1.8tUS$437.9bUS$65.2b19.2x27.2x4.1x
Sun, 07 Jan 2024US$1.8tUS$435.2bUS$70.5b27.1x25.9x4.2x
Tue, 05 Dec 2023US$1.7tUS$432.8bUS$70.6b27.1x24.4x4x
Thu, 02 Nov 2023US$1.5tUS$428.7bUS$67.5b27.1x22.1x3.5x
Sat, 30 Sep 2023US$1.6tUS$426.0bUS$67.9b28.2x23.5x3.7x
Mon, 28 Aug 2023US$1.6tUS$426.4bUS$68.1b28.2x23.5x3.8x
Wed, 26 Jul 2023US$1.7tUS$480.9bUS$63.0b31.1x26.9x3.5x
Fri, 23 Jun 2023US$1.6tUS$419.6bUS$64.4b31.1x24.1x3.7x
Sun, 21 May 2023US$1.5tUS$416.8bUS$63.9b31x23.5x3.6x
Tue, 18 Apr 2023US$1.6tUS$423.2bUS$67.8b28.5x23.3x3.7x
Thu, 16 Mar 2023US$1.5tUS$423.9bUS$69.1b28.7x22.3x3.6x
Sat, 11 Feb 2023US$1.7tUS$427.4bUS$72.0b28x24.1x4.1x
Mon, 09 Jan 2023US$1.6tUS$443.6bUS$85.8b27.8x19.2x3.7x
Wed, 07 Dec 2022US$1.7tUS$443.4bUS$85.8b27.6x19.3x3.7x
Fri, 04 Nov 2022US$1.6tUS$446.3bUS$88.8b25.1x18.1x3.6x
Sun, 02 Oct 2022US$1.5tUS$454.3bUS$96.3b24.9x15.4x3.3x
Tue, 30 Aug 2022US$1.6tUS$454.8bUS$96.5b25.1x17x3.6x
Thu, 28 Jul 2022US$1.6tUS$460.7bUS$106.5b30.6x15x3.5x
Sat, 25 Jun 2022US$1.6tUS$471.8bUS$111.7b28.6x14x3.3x
Mon, 23 May 2022US$1.6tUS$472.4bUS$112.3b30.7x14.4x3.4x
Price to Earnings Ratio

14.4x


Total Market Cap: US$1.6tTotal Earnings: US$112.3bTotal Revenue: US$472.4bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Capital Markets Industry Price to Earnings3Y Average 23.5x202320242025
Current Industry PE
  • Investors are relatively neutral on the American Capital Markets 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 23.5x.
  • The industry is trading close to its 3-year average PS ratio of 4.0x.
Past Earnings Growth
  • The earnings for companies in the Capital Markets industry have declined 5.1% per year over the last three years.
  • Meanwhile revenues for these companies have grown 7.7% 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 industry?

US Market4.47%
Financials3.05%
Capital Markets4.97%
Investment Banking and Brokerage7.13%
Asset Management5.08%
Diversified Capital Markets3.63%
Financial Exchanges and Data2.05%
Industry PE
  • Investors are most optimistic about the Financial Exchanges and Data industry, which is trading close to its 3-year average PE ratio of 38.4x.
    • Analysts are expecting annual earnings growth of 9.5%, which is lower than the prior year's growth of 12.3% per year.
Forecasted Growth
  • Analysts are most optimistic on the Diversified Capital Markets industry, expecting annual earnings growth of 34% over the next 5 years.
  • In contrast, the Investment Banking and Brokerage industry is expected to see its earnings grow by 8.0% 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$132.518.7%
+US$17.1b		33.1%PE15.5x
GS Goldman Sachs GroupUS$615.908.9%
+US$14.7b		32.6%PE12.8x
COIN Coinbase GlobalUS$244.4418.4%
+US$9.7b		22.7%PE42.4x
BLK BlackRockUS$983.085.9%
+US$8.4b		21.7%PE24.2x
SCHW Charles SchwabUS$88.114.4%
+US$6.9b		12.9%PE26.6x
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Latest News

BLK

US$983.08

BlackRock

7D

5.9%

1Y

21.7%

GS

US$615.90

Goldman Sachs Group

7D

8.9%

1Y

32.6%

COIN

US$244.44

Coinbase Global

7D

18.4%

1Y

22.7%

HOOD

US$60.68

Robinhood Markets

7D

12.2%

1Y

239.0%

SCHW

US$88.11

Charles Schwab

7D

4.4%

1Y

12.9%

MS

US$132.51

Morgan Stanley

7D

8.7%

1Y

33.1%

BULL

US$12.29

Webull

7D

-32.1%

1Y

11.2%

BX

US$146.75

Blackstone

7D

5.0%

1Y

14.8%

CME

US$274.00

CME Group

7D

-2.8%

1Y

28.8%

MKTX

US$213.53

MarketAxess Holdings

7D

-5.6%

1Y

-1.4%

KKR

US$125.64

KKR

7D

5.8%

1Y

20.6%

TW

US$143.50

Tradeweb Markets

7D

-1.2%

1Y

27.7%

Tradeweb Markets: Visible Growth Engines And Tailwinds With A Sticky Customer Base

May 12

CBOE

US$219.14

Cboe Global Markets

7D

-5.4%

1Y

19.4%

ICE

US$174.85

Intercontinental Exchange

7D

-0.9%

1Y

27.5%

CNCK

US$6.12

Coincheck Group

7D

-21.5%

1Y

-41.9%

VIRT

US$40.98

Virtu Financial

7D

-3.5%

1Y

74.5%