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U.S. Capital Markets Industry Analysis

UpdatedJun 11, 2026
DataAggregated Company Financials
Companies435
  • 7D0.7%
  • 3M11.4%
  • 1Y7.6%
  • YTD-5.2%

Last week, the Capital Markets industry hasn't moved much but Blackstone is up 7.4% in that time. The past year has been better, since the industry has gained 9.0% in that time. Earnings are forecast to grow by 11% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 11 Jun 2026US$2.7tUS$759.0bUS$113.4b39.2x23.8x3.6x
Sat, 09 May 2026US$2.7tUS$757.7bUS$113.9b41.9x23.5x3.5x
Mon, 06 Apr 2026US$2.5tUS$736.3bUS$107.0b36.1x23.2x3.4x
Wed, 04 Mar 2026US$2.6tUS$734.4bUS$106.7b22.9x24.3x3.5x
Fri, 30 Jan 2026US$2.8tUS$666.2bUS$106.3b23.9x26.8x4.3x
Sun, 28 Dec 2025US$2.8tUS$656.4bUS$105.5b25.7x26.9x4.3x
Tue, 25 Nov 2025US$2.6tUS$654.6bUS$105.4b23.2x24.5x3.9x
Thu, 23 Oct 2025US$2.7tUS$645.7bUS$104.9b25.9x26x4.2x
Sat, 20 Sep 2025US$2.8tUS$874.9bUS$100.9b27.2x28x3.2x
Mon, 18 Aug 2025US$2.7tUS$866.1bUS$100.8b26.1x27.3x3.2x
Wed, 16 Jul 2025US$2.7tUS$590.5bUS$97.0b27.7x27.7x4.6x
Fri, 13 Jun 2025US$2.4tUS$590.8bUS$97.3b27.3x25x4.1x
Sun, 11 May 2025US$2.3tUS$577.2bUS$95.8b26.3x24x4x
Tue, 08 Apr 2025US$1.9tUS$557.2bUS$95.4b22.5x20.4x3.5x
Thu, 06 Mar 2025US$2.3tUS$554.8bUS$95.3b21.9x24.2x4.1x
Sat, 01 Feb 2025US$2.6tUS$541.7bUS$91.3b23x28.1x4.7x
Mon, 30 Dec 2024US$2.4tUS$526.2bUS$81.6b23.8x29.2x4.5x
Wed, 27 Nov 2024US$2.3tUS$524.4bUS$81.7b23x27.9x4.4x
Fri, 25 Oct 2024US$2.3tUS$502.2bUS$81.8b22.6x27.6x4.5x
Sun, 22 Sep 2024US$2.1tUS$491.5bUS$77.8b21.1x27.3x4.3x
Tue, 20 Aug 2024US$2.0tUS$492.2bUS$78.0b20.1x25.9x4.1x
Thu, 18 Jul 2024US$2.0tUS$472.3bUS$76.1b20.5x26.7x4.3x
Sat, 15 Jun 2024US$1.9tUS$467.0bUS$73.1b20.8x25.9x4.1x
Mon, 13 May 2024US$1.9tUS$465.9bUS$73.2b22.6x26.3x4.1x
Wed, 10 Apr 2024US$1.9tUS$441.1bUS$67.3b21.3x28.5x4.3x
Fri, 08 Mar 2024US$1.8tUS$440.4bUS$67.3b19.3x27.4x4.2x
Sun, 04 Feb 2024US$1.8tUS$433.8bUS$67.7b27.6x27.3x4.3x
Tue, 02 Jan 2024US$1.9tUS$432.8bUS$70.6b27.8x26.5x4.3x
Thu, 30 Nov 2023US$1.7tUS$432.8bUS$70.6b26.9x23.5x3.8x
Sat, 28 Oct 2023US$1.5tUS$428.5bUS$67.4b27.1x21.7x3.4x
Mon, 25 Sep 2023US$1.6tUS$427.0bUS$68.1b27.9x23.6x3.8x
Wed, 23 Aug 2023US$1.6tUS$426.3bUS$68.1b28.5x23.3x3.7x
Fri, 21 Jul 2023US$1.7tUS$422.6bUS$62.9b31.1x27x4x
Sun, 18 Jun 2023US$1.6tUS$419.5bUS$64.5b31.1x24.4x3.8x
Price to Earnings Ratio

24.4x


Total Market Cap: US$1.6tTotal Earnings: US$64.5bTotal Revenue: US$419.5bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Capital Markets Industry Price to Earnings3Y Average 25.8x202420252026
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 25.8x.
  • The 3-year average PS ratio of 4.0x is higher than the industry's current PS ratio of 3.5x.
Past Earnings Growth
  • The earnings for companies in the Capital Markets industry have grown 21% per year over the last three years.
  • Revenues for these companies have grown 22% 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 industry?

US Market-4.05%
Financials2.58%
Capital Markets0.70%
Asset Management2.35%
Financial Exchanges and Data1.50%
Diversified Capital Markets1.42%
Investment Banking and Brokerage-0.87%
Industry PE
  • Investors are most optimistic about the Financial Exchanges and Data industry even though it's trading below its 3-year average PE ratio of 38.3x.
    • Analysts are expecting annual earnings growth of 10.6%, which is lower than the prior year's growth of 18.5% per year.
  • Investors are most pessimistic about the Diversified Capital Markets industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average.
Forecasted Growth
  • Analysts are most optimistic on the Asset Management industry, expecting annual earnings growth of 16% over the next 5 years.
  • However this is lower than its past earnings growth rate of 56% per year.
  • In contrast, the Investment Banking and Brokerage industry is expected to see its earnings grow by 8.1% 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
BX BlackstoneUS$118.487.4%
+US$6.4b		-16.2%PE30.5x
SCHW Charles SchwabUS$89.273.1%
+US$4.7b		1.0%PE17.2x
SPGI S&P GlobalUS$426.383.4%
+US$4.2b		-17.0%PE26.4x
CME CME GroupUS$263.804.4%
+US$4.0b		-2.2%PE22.5x
KKR KKRUS$95.025.0%
+US$4.0b		-24.6%PE30.4x

Latest News

BLK
US$1,010.68
BlackRock
7D
2.0%
1Y
1.7%
BNY
US$139.75
Bank of New York Mellon
7D
-0.6%
1Y
56.0%
BX
US$118.48
Blackstone
7D
7.4%
1Y
-16.2%
Seeking Alpha • 19h

Blackstone: The Market Is Selling Over A Problem That Doesn't Exist

Summary Blackstone Inc. (BX) is rated a Buy, offering quality growth at discounted valuations despite sector-wide private credit concerns. BX's diversified model, robust credit underwriting, and focus on investment-grade secured debt position it to absorb private credit shocks better than peers. Key growth catalysts in AI/data center infrastructure, 401(k) regulatory changes, and perpetual capital, are not fully priced into BX shares. Fee-related earnings are compounding, with forward EPS growth at 16.75% and a trailing P/E of ~19.5, below the 5-year average. Read the full article on Seeking Alpha
IBKR
US$85.42
Interactive Brokers Group
7D
-2.0%
1Y
67.1%
CME
US$263.80
CME Group
7D
4.4%
1Y
-2.2%
KKR
US$95.02
KKR
7D
5.0%
1Y
-24.6%
FRHC
US$139.01
Freedom Holding
7D
-12.3%
1Y
-5.0%
SPGI
US$426.38
S&P Global
7D
3.4%
1Y
-17.0%
LAZ
US$41.36
Lazard
7D
-12.1%
1Y
-5.6%
Narrative Update • Jun 09

LAZ: Ongoing Buybacks And Board Declassification Will Support Future Upside

The analyst price target for Lazard has shifted slightly from $63 to $62, with analysts citing updated views on revenue growth, profit margins, and expected future P/E levels as the key drivers of this change. What's in the News Lazard shareholders approved an amendment to the Certificate of Incorporation at the May 21, 2026 annual meeting to begin declassifying the Board over a three-year period, as outlined in the Definitive Proxy Statement on Schedule 14A filed with the SEC on April 7, 2026.
COIN
US$153.97
Coinbase Global
7D
-5.7%
1Y
-38.6%
CBOE
US$301.08
Cboe Global Markets
7D
5.6%
1Y
35.1%
GS
US$1,001.29
Goldman Sachs Group
7D
-3.8%
1Y
60.4%
MS
US$206.66
Morgan Stanley
7D
-1.7%
1Y
56.8%
PS
US$32.54
Pershing Square
7D
-8.3%
1Y
n/a
HOOD
US$86.36
Robinhood Markets
7D
4.2%
1Y
15.3%
Narrative Update • Jun 05

Robinhood Markets will shape the future with World Cup prediction trading and Trump accounts

Update 1: Robinhood launched 2026 FIFA World Cup prediction market trading and unveiling new fee reductions for customers. Update 2: Trump accounts, created under President Donald Trump's One Big Beautiful Bill Act of 2025, will see the U.S. Treasury deposit $1,000 in seed money for children born between 2025 and 2028 who have a valid Social Security number.
SCHW
US$89.27
Charles Schwab
7D
3.1%
1Y
1.0%
Narrative Update • Jun 03

SCHW: AI And Crypto Expansion Are Expected To Support Future Upside

Analyst price targets for Charles Schwab have edged higher, with the fair value estimate moving from $115.20 to $115.85 as analysts factor in the updated financial outlook, increased revenue visibility from recent investor day commentary, and their view that AI related concerns look less justified given management’s guidance. Analyst Commentary Recent research points to a generally constructive stance on Charles Schwab, with a cluster of higher fair value estimates following the investor day and updated outlook.