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U.S. Capital Markets Industry Analysis

UpdatedAug 30, 2025
DataAggregated Company Financials
Companies340
  • 7D-0.7%
  • 3M13.8%
  • 1Y31.8%
  • YTD14.9%

Over the last 7 days, the Capital Markets industry has remained flat, although notably Robinhood Markets declined by 4.8%. As for the the longer term, the industry is up 32% over the past 12 months. 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
Sun, 31 Aug 2025US$2.8tUS$866.2bUS$101.1b26.7x27.3x3.2x
Tue, 29 Jul 2025US$2.8tUS$598.1bUS$99.5b28.3x27.9x4.6x
Thu, 26 Jun 2025US$2.5tUS$590.7bUS$97.1b27.2x25.4x4.2x
Sat, 24 May 2025US$2.4tUS$590.2bUS$96.1b28.4x24.8x4x
Mon, 21 Apr 2025US$2.1tUS$562.3bUS$97.6b23.1x21.3x3.7x
Wed, 19 Mar 2025US$2.3tUS$557.6bUS$94.9b23.2x23.7x4x
Fri, 14 Feb 2025US$2.5tUS$552.7bUS$93.2b22x26.7x4.5x
Sun, 12 Jan 2025US$2.3tUS$512.8bUS$79.0b23x29.1x4.5x
Tue, 10 Dec 2024US$2.5tUS$524.3bUS$81.6b23.9x30.5x4.8x
Thu, 07 Nov 2024US$2.3tUS$507.8bUS$81.1b24.2x27.8x4.4x
Sat, 05 Oct 2024US$2.1tUS$493.1bUS$78.4b20.9x27.1x4.3x
Mon, 02 Sep 2024US$2.1tUS$492.2bUS$77.9b20.6x26.6x4.2x
Wed, 31 Jul 2024US$2.0tUS$476.0bUS$77.1b21.3x26.3x4.3x
Fri, 28 Jun 2024US$1.9tUS$467.1bUS$73.2b21.2x26x4.1x
Sun, 26 May 2024US$1.9tUS$467.2bUS$73.2b22.4x26.5x4.1x
Tue, 23 Apr 2024US$1.8tUS$446.3bUS$69.4b19.1x26.3x4.1x
Thu, 21 Mar 2024US$1.9tUS$440.6bUS$67.2b19.4x27.5x4.2x
Sat, 17 Feb 2024US$1.8tUS$439.9bUS$66.9b19.3x26.9x4.1x
Mon, 15 Jan 2024US$1.8tUS$433.3bUS$70.4b27.1x25.7x4.2x
Wed, 13 Dec 2023US$1.7tUS$432.8bUS$70.6b27.1x24.7x4x
Fri, 10 Nov 2023US$1.6tUS$431.9bUS$70.2b27x22.5x3.7x
Sun, 08 Oct 2023US$1.6tUS$425.5bUS$68.0b28x23.2x3.7x
Tue, 05 Sep 2023US$1.7tUS$457.5bUS$72.6b28.2x24x3.8x
Thu, 03 Aug 2023US$1.7tUS$423.9bUS$62.8b31.1x26.4x3.9x
Sat, 01 Jul 2023US$1.6tUS$419.2bUS$64.3b31.1x24.4x3.7x
Mon, 29 May 2023US$1.5tUS$419.4bUS$64.5b30.7x23.3x3.6x
Wed, 26 Apr 2023US$1.5tUS$420.0bUS$65.2b27.8x23.6x3.7x
Fri, 24 Mar 2023US$1.5tUS$423.8bUS$69.2b28.7x22.1x3.6x
Sun, 19 Feb 2023US$1.7tUS$427.0bUS$71.7b27.7x24.2x4.1x
Tue, 17 Jan 2023US$1.7tUS$442.6bUS$85.0b27.4x20.2x3.9x
Thu, 15 Dec 2022US$1.7tUS$443.4bUS$85.8b27.2x19.3x3.7x
Sat, 12 Nov 2022US$1.8tUS$439.2bUS$86.1b25.5x20.3x4x
Mon, 10 Oct 2022US$1.5tUS$454.4bUS$96.3b25x15.7x3.3x
Wed, 07 Sep 2022US$1.6tUS$454.7bUS$96.5b25.4x16.7x3.6x
Price to Earnings Ratio

16.7x


Total Market Cap: US$1.6tTotal Earnings: US$96.5bTotal Revenue: US$454.7bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Capital Markets Industry Price to Earnings3Y Average 24.6x202320242025
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 27.4x which is higher than its 3-year average PE of 24.6x.
  • 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-0.0093%
Financials0.54%
Capital Markets-0.69%
Investment Banking and Brokerage0.048%
Asset Management-0.42%
Financial Exchanges and Data-2.17%
Diversified Capital Markets-2.51%
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 39.8x.
    • Analysts are expecting annual earnings growth of 7.6%, which is lower than the prior year's growth of 14.7% 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 7.6% 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$150.481.7%
+US$3.9b		45.2%PE17x
BK Bank of New York MellonUS$105.603.0%
+US$2.2b		54.8%PE15.6x
GS Goldman Sachs GroupUS$745.250.5%
+US$1.1b		46.1%PE16x
XP XPUS$18.1410.2%
+US$885.0m		-1.5%PE10.5x
RJF Raymond James FinancialUS$169.442.5%
+US$831.4m		41.7%PE15.9x

Latest News

BLK
US$1,127.14
BlackRock
7D
-1.8%
1Y
25.0%
GS
US$745.25
Goldman Sachs Group
7D
0.5%
1Y
46.1%
XP
US$18.14
XP
7D
10.2%
1Y
-1.5%

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KKR
US$139.49
KKR
7D
-1.6%
1Y
12.7%
RJF
US$169.44
Raymond James Financial
7D
2.5%
1Y
41.7%
COIN
US$304.54
Coinbase Global
7D
-4.8%
1Y
66.1%
MCO
US$509.76
Moody's
7D
-1.2%
1Y
4.5%
BX
US$171.40
Blackstone
7D
0.5%
1Y
20.4%
HOOD
US$104.03
Robinhood Markets
7D
-4.8%
1Y
417.0%
SPGI
US$548.44
S&P Global
7D
-1.5%
1Y
6.9%
MIAX
US$37.58
Miami International Holdings
7D
12.1%
1Y
n/a
BLSH
US$59.03
Bullish
7D
-16.6%
1Y
n/a
ICE
US$176.60
Intercontinental Exchange
7D
-2.3%
1Y
9.3%
BK
US$105.60
Bank of New York Mellon
7D
3.0%
1Y
54.8%
JEF
US$64.85
Jefferies Financial Group
7D
3.7%
1Y
8.2%
MS
US$150.48
Morgan Stanley
7D
1.7%
1Y
45.2%