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U.S. Capital Markets Industry Analysis

UpdatedOct 22, 2025
DataAggregated Company Financials
Companies345
  • 7D-0.8%
  • 3M-1.5%
  • 1Y18.3%
  • YTD13.4%

In the last week, the Capital Markets industry is flat overall, with BlackRock standing out by going down 5.4%. As for the the longer term, the industry is up 18% over the past 12 months. As for the next few years, earnings are expected to grow by 14% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 22 Oct 2025US$2.7tUS$645.7bUS$104.9b26x26x4.2x
Fri, 19 Sep 2025US$2.8tUS$865.8bUS$100.6b27.3x27.9x3.2x
Sun, 17 Aug 2025US$2.7tUS$866.1bUS$100.8b26.1x27.2x3.2x
Tue, 15 Jul 2025US$2.7tUS$590.5bUS$97.0b28.3x27.5x4.5x
Thu, 12 Jun 2025US$2.4tUS$590.4bUS$97.3b27.3x24.9x4.1x
Sat, 10 May 2025US$2.3tUS$583.3bUS$96.7b26.3x23.8x3.9x
Mon, 07 Apr 2025US$1.9tUS$557.2bUS$95.5b22.6x20.4x3.5x
Wed, 05 Mar 2025US$2.4tUS$554.8bUS$95.3b21.3x25.1x4.3x
Fri, 31 Jan 2025US$2.6tUS$540.7bUS$91.3b23x27.9x4.7x
Sun, 29 Dec 2024US$2.4tUS$526.2bUS$81.6b23.8x29.2x4.5x
Tue, 26 Nov 2024US$2.3tUS$524.4bUS$81.7b23.2x27.9x4.3x
Thu, 24 Oct 2024US$2.3tUS$500.1bUS$81.6b22.5x27.9x4.5x
Sat, 21 Sep 2024US$2.1tUS$491.5bUS$77.8b21.1x27.3x4.3x
Mon, 19 Aug 2024US$2.0tUS$492.2bUS$78.0b19.7x25.9x4.1x
Wed, 17 Jul 2024US$2.0tUS$470.4bUS$75.2b20.5x26.9x4.3x
Fri, 14 Jun 2024US$1.9tUS$467.0bUS$73.1b20.7x26x4.1x
Sun, 12 May 2024US$1.9tUS$465.9bUS$73.1b22.5x26.3x4.1x
Tue, 09 Apr 2024US$1.9tUS$441.1bUS$67.3b21.1x28.2x4.3x
Thu, 07 Mar 2024US$1.8tUS$440.4bUS$67.3b19.3x27.4x4.2x
Sat, 03 Feb 2024US$1.8tUS$433.8bUS$67.7b27.6x27.3x4.3x
Mon, 01 Jan 2024US$1.9tUS$432.8bUS$70.6b27.8x26.5x4.3x
Wed, 29 Nov 2023US$1.7tUS$432.8bUS$70.6b26.9x23.5x3.8x
Fri, 27 Oct 2023US$1.5tUS$428.1bUS$67.4b27.7x22.1x3.5x
Sun, 24 Sep 2023US$1.6tUS$427.0bUS$68.1b27.9x23.6x3.8x
Tue, 22 Aug 2023US$1.6tUS$426.3bUS$68.1b28.7x23.5x3.8x
Thu, 20 Jul 2023US$1.7tUS$420.5bUS$62.3b31.1x27.1x4x
Sat, 17 Jun 2023US$1.6tUS$419.5bUS$64.5b31.1x24.4x3.8x
Mon, 15 May 2023US$1.5tUS$420.9bUS$64.8b28x22.9x3.5x
Wed, 12 Apr 2023US$1.6tUS$423.7bUS$68.0b30.1x22.8x3.7x
Fri, 10 Mar 2023US$1.6tUS$424.0bUS$69.3b28.4x23.4x3.8x
Sun, 05 Feb 2023US$1.8tUS$432.0bUS$72.5b28.1x24.5x4.1x
Tue, 03 Jan 2023US$1.6tUS$443.6bUS$85.8b27.3x18.6x3.6x
Thu, 01 Dec 2022US$1.7tUS$443.4bUS$85.8b27.2x19.9x3.9x
Sat, 29 Oct 2022US$1.6tUS$446.3bUS$89.1b25.2x18.2x3.6x
Price to Earnings Ratio

18.2x


Total Market Cap: US$1.6tTotal Earnings: US$89.1bTotal Revenue: US$446.3bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Capital Markets Industry Price to Earnings3Y Average 25.1x202320242025
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 25.1x.
  • 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 grown 5.6% per year over the last three years.
  • Revenues for these companies have grown 13% 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 Market1.08%
Financials-1.07%
Capital Markets-0.76%
Investment Banking and Brokerage0.073%
Financial Exchanges and Data-0.33%
Asset Management-2.00%
Diversified Capital Markets-4.06%
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 40.2x.
    • Analysts are expecting annual earnings growth of 8.3%, 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 8.3% 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$159.232.5%
+US$5.4b		34.6%PE16.3x
SCHW Charles SchwabUS$95.091.8%
+US$3.1b		34.1%PE22.2x
FUTU Futu HoldingsUS$169.216.8%
+US$1.5b		83.2%PE23.1x
LPLA LPL Financial HoldingsUS$338.185.4%
+US$1.4b		32.1%PE24.2x
MCO Moody'sUS$484.920.8%
+US$658.4m		3.7%PE40.8x

Latest News

MS
US$159.23
Morgan Stanley
7D
2.5%
1Y
34.6%
BX
US$161.43
Blackstone
7D
-1.6%
1Y
-4.2%
KKR
US$123.68
KKR
7D
-1.8%
1Y
-11.8%
IBKR
US$66.27
Interactive Brokers Group
7D
-4.5%
1Y
78.3%
SCHW
US$95.09
Charles Schwab
7D
1.8%
1Y
34.1%

The Charles Schwab Corporation Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions

Oct 18
The Charles Schwab Corporation Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions
RJF
US$165.75
Raymond James Financial
7D
2.0%
1Y
21.7%

New Advisor Hires And AI Will Shape Future Success

Raymond James Financial's analyst price target has been raised from $175.83 to $179.75, as analysts cite improved market sentiment, resilient trading activity, and stronger asset flows that support the company's outlook. Analyst Commentary Recent analyst updates on Raymond James Financial present a nuanced outlook, highlighting both areas of strength and potential challenges for the company.
FUTU
US$169.21
Futu Holdings
7D
6.8%
1Y
83.2%

Global Expansion And Digital Finance Will Shape Future Trends

The analyst price target for Futu Holdings has increased from $204.77 to $207.27. This reflects analysts' expectation of continued robust revenue growth and profit margins following the company's stronger-than-anticipated quarterly performance.
MSCI
US$540.36
MSCI
7D
-2.4%
1Y
-10.5%

Global ETF Demand And ESG Mandates Will Reshape Asset Allocation

The analyst price target for MSCI has increased slightly by $4 to $627.81, as analysts cite ongoing growth in target markets and a favorable long-term outlook, despite recent margin and subscription growth concerns. Analyst Commentary Recent street research highlights a mix of optimism and concern among analysts following MSCI's latest earnings and developments.
GS
US$758.98
Goldman Sachs Group
7D
-1.5%
1Y
46.4%

M&A Activity And Digital Transformation Will Shape Future Markets

Analysts have raised their price target for Goldman Sachs Group from $738.25 to $781.79. They cite an improved profit margin outlook, even though revenue growth projections have been slightly moderated.
BLK
US$1,130.00
BlackRock
7D
-5.4%
1Y
12.9%

Private Markets And Emerging Regions Will Strengthen Future Prospects

BlackRock's analyst price target has risen from $1,204 to $1,300. This reflects greater confidence among analysts following strong Q3 results and improved organic growth outlooks.
XP
US$17.02
XP
7D
6.1%
1Y
-5.4%

Brazil's Evolving Landscape Will Unlock Broad Market Opportunities

XP's analyst price target has been modestly lifted from $22.92 to $23.50, as analysts incorporate revised growth estimates and extend valuation timeframes. This change comes despite mixed expectations for near-term performance.
CME
US$268.61
CME Group
7D
0.5%
1Y
18.8%
HOOD
US$131.84
Robinhood Markets
7D
-2.3%
1Y
381.0%

Regulatory Delays Will Undercut Tokenized Asset Momentum

Robinhood Markets' analyst price target has increased from approximately $119 to $129. This reflects a more positive outlook as analysts cite broad-based growth in platform activity, product enhancements, and favorable trends in capital markets and financial services.
LPLA
US$338.18
LPL Financial Holdings
7D
5.4%
1Y
32.1%

Aging Trends And Technology Investments Will Unlock Independent Advisory Opportunities

LPL Financial Holdings' analyst price target has been revised downward from $442.38 to $424.79. Analysts cite mixed signals in revenue growth and profit margins, amid ongoing sector volatility and company-specific integration headwinds.
MCO
US$484.92
Moody's
7D
0.8%
1Y
3.7%
FRHC
US$155.41
Freedom Holding
7D
-9.6%
1Y
45.1%