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U.S. Capital Markets Industry Analysis
UpdatedAug 13, 2025
DataAggregated Company Financials
Companies341
- 7D2.4%
- 3M14.8%
- 1Y41.5%
- YTD17.6%
In the last week, the Capital Markets industry is up 2.4%, with Morgan Stanley up 4.9%. In the last 12 months, the industry was up 42%. Looking forward, earnings are forecast to grow by 14% annually.
Industry Valuation and Performance
Has the U.S. Capital Markets Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 14 Aug 2025 | US$2.8t | US$864.6b | US$101.0b | 26.7x | 27.3x | 3.2x |
| Sat, 12 Jul 2025 | US$2.6t | US$590.5b | US$97.0b | 28.6x | 27.3x | 4.5x |
| Mon, 09 Jun 2025 | US$2.4t | US$590.4b | US$97.3b | 28.1x | 25x | 4.1x |
| Wed, 07 May 2025 | US$2.2t | US$566.7b | US$97.1b | 25x | 23.2x | 4x |
| Fri, 04 Apr 2025 | US$2.3t | US$558.6b | US$94.9b | 24.2x | 24x | 4.1x |
| Sun, 02 Mar 2025 | US$2.4t | US$554.9b | US$95.4b | 21.9x | 25.5x | 4.4x |
| Tue, 28 Jan 2025 | US$2.5t | US$537.2b | US$89.2b | 23.1x | 28.5x | 4.7x |
| Thu, 26 Dec 2024 | US$2.4t | US$526.1b | US$81.6b | 23.3x | 29.5x | 4.6x |
| Sat, 23 Nov 2024 | US$2.5t | US$524.4b | US$81.7b | 24.3x | 30.4x | 4.7x |
| Mon, 21 Oct 2024 | US$2.3t | US$498.9b | US$81.1b | 23x | 28.4x | 4.6x |
| Wed, 18 Sep 2024 | US$2.1t | US$491.5b | US$77.8b | 20.9x | 26.7x | 4.2x |
| Fri, 16 Aug 2024 | US$2.0t | US$492.0b | US$77.9b | 20.5x | 25.7x | 4.1x |
| Sun, 14 Jul 2024 | US$2.0t | US$467.8b | US$73.3b | 20.5x | 27.2x | 4.3x |
| Tue, 11 Jun 2024 | US$1.9t | US$467.0b | US$73.1b | 21.4x | 25.9x | 4.1x |
| Thu, 09 May 2024 | US$1.9t | US$460.1b | US$72.5b | 20.1x | 26.3x | 4.1x |
| Sat, 06 Apr 2024 | US$1.9t | US$441.1b | US$67.3b | 21x | 28x | 4.3x |
| Mon, 04 Mar 2024 | US$1.8t | US$440.8b | US$67.3b | 19.2x | 27.2x | 4.2x |
| Wed, 31 Jan 2024 | US$1.8t | US$433.2b | US$67.7b | 28x | 27.3x | 4.3x |
| Fri, 29 Dec 2023 | US$1.9t | US$432.8b | US$70.6b | 27.8x | 26.6x | 4.3x |
| Sun, 26 Nov 2023 | US$1.7t | US$432.8b | US$70.6b | 27.1x | 23.6x | 3.8x |
| Tue, 24 Oct 2023 | US$1.5t | US$427.0b | US$67.0b | 27.5x | 22.2x | 3.5x |
| Thu, 21 Sep 2023 | US$1.7t | US$427.0b | US$68.1b | 28.1x | 24.3x | 3.9x |
| Sat, 19 Aug 2023 | US$1.6t | US$426.3b | US$68.2b | 28.7x | 23.5x | 3.8x |
| Mon, 17 Jul 2023 | US$1.6t | US$421.1b | US$64.6b | 31x | 25.1x | 3.9x |
| Wed, 14 Jun 2023 | US$1.6t | US$419.4b | US$64.5b | 31.1x | 24.2x | 3.7x |
| Fri, 12 May 2023 | US$1.5t | US$420.7b | US$64.8b | 27.4x | 23x | 3.5x |
| Sun, 09 Apr 2023 | US$1.5t | US$423.7b | US$68.1b | 30x | 22.5x | 3.6x |
| Tue, 07 Mar 2023 | US$1.7t | US$424.0b | US$69.3b | 28.2x | 24.5x | 4x |
| Thu, 02 Feb 2023 | US$1.8t | US$433.0b | US$73.9b | 27.9x | 23.9x | 4.1x |
| Sat, 31 Dec 2022 | US$1.6t | US$443.6b | US$85.8b | 27.3x | 18.7x | 3.6x |
| Mon, 28 Nov 2022 | US$1.7t | US$443.4b | US$85.8b | 27.1x | 19.9x | 3.8x |
| Wed, 26 Oct 2022 | US$1.6t | US$446.3b | US$91.2b | 25.1x | 17.1x | 3.5x |
| Fri, 23 Sep 2022 | US$1.5t | US$454.8b | US$96.5b | 25.1x | 16x | 3.4x |
| Sun, 21 Aug 2022 | US$1.7t | US$454.8b | US$96.5b | 25.9x | 17.8x | 3.8x |
Price to Earnings Ratio
17.8x
Current Industry PE
- Investors are optimistic on the American Capital Markets industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 27.3x which is higher than its 3-year average PE of 24.4x.
- The 3-year average PS ratio of 4.0x is higher than the industry's current PS ratio of 3.2x.
Past Earnings Growth
- The earnings for companies in the Capital Markets industry have remained mostly flat over the last three years.
- Meanwhile revenues for these companies have grown 24% 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 and as a result, profits have held steady.
Industry Trends
Which industries have driven the changes within the U.S. Financials industry?
| US Market | 2.21% | |
| Financials | 1.69% | |
| Capital Markets | 2.41% | |
| Investment Banking and Brokerage | 3.83% | |
| Asset Management | 3.20% | |
| Financial Exchanges and Data | -0.68% | |
| Diversified Capital Markets | -6.27% | |
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 39.7x.
- Analysts are expecting annual earnings growth of 7.5%, which is lower than the prior year's growth of 15.9% per year.
Forecasted Growth
- Analysts are most optimistic on the Diversified Capital Markets industry, expecting annual earnings growth of 26% over the next 5 years.
- This is better than its past earnings decline of 49% per year.
- In contrast, the Financial Exchanges and Data industry is expected to see its earnings grow by 7.5% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| MS Morgan Stanley | US$147.76 | 4.6% +US$10.3b | 48.6% | PE16.7x | |
| BLK BlackRock | US$1.16k | 3.5% +US$6.1b | 35.3% | PE28.1x | |
| COIN Coinbase Global | US$327.01 | 7.7% +US$6.0b | 66.9% | PE29.4x | |
| GS Goldman Sachs Group | US$744.69 | 2.8% +US$5.8b | 49.3% | PE14.6x | |
| BX Blackstone | US$176.62 | 4.3% +US$5.7b | 29.7% | PE48.3x |