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U.S. Capital Markets Industry Analysis

UpdatedJun 15, 2026
DataAggregated Company Financials
Companies433
  • 7D3.0%
  • 3M11.4%
  • 1Y11.2%
  • YTD-2.3%

The Capital Markets industry has gained 3.0% in the last week and Robinhood Markets up 9.6%. In the last 12 months, the industry was up 11%. Earnings are forecast to grow by 12% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 16 Jun 2026US$2.8tUS$759.1bUS$113.3b39.9x24.4x3.6x
Thu, 14 May 2026US$2.7tUS$755.6bUS$113.8b41.8x23.8x3.6x
Sat, 11 Apr 2026US$2.6tUS$736.4bUS$106.8b39.1x24x3.5x
Mon, 09 Mar 2026US$2.5tUS$731.6bUS$106.9b21.8x23.5x3.4x
Wed, 04 Feb 2026US$2.8tUS$668.5bUS$107.1b22.5x26.4x4.2x
Fri, 02 Jan 2026US$2.8tUS$656.5bUS$105.5b24.9x26.3x4.2x
Sun, 30 Nov 2025US$2.7tUS$656.1bUS$105.4b23.8x25.7x4.1x
Tue, 28 Oct 2025US$2.7tUS$645.7bUS$104.5b27x26.3x4.3x
Thu, 25 Sep 2025US$2.8tUS$875.3bUS$101.0b27.2x27.9x3.2x
Sat, 23 Aug 2025US$2.7tUS$866.4bUS$101.0b27.1x26.8x3.1x
Mon, 21 Jul 2025US$2.5tUS$596.6bUS$99.2b28.9x25.2x4.2x
Wed, 18 Jun 2025US$2.4tUS$590.7bUS$97.1b26.4x25x4.1x
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
Price to Earnings Ratio

24.1x


Total Market Cap: US$1.6tTotal Earnings: US$64.4bTotal Revenue: US$419.6bTotal 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 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 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 Market0.50%
Financials2.79%
Capital Markets2.99%
Diversified Capital Markets8.46%
Asset Management3.80%
Investment Banking and Brokerage2.83%
Financial Exchanges and Data2.00%
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 38.2x.
    • Analysts are expecting annual earnings growth of 11.0%, 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 17% over the next 5 years.
  • However this is lower than its past earnings growth rate of 57% per year.
  • In contrast, the Investment Banking and Brokerage industry is expected to see its earnings grow by 8.7% 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
HOOD Robinhood MarketsUS$98.1215.4%
+US$11.8b		27.8%PE46.6x
GS Goldman Sachs GroupUS$1.08k3.0%
+US$9.6b		71.4%PE19.3x
MS Morgan StanleyUS$217.982.7%
+US$9.1b		66.5%PE19.6x
BX BlackstoneUS$124.639.1%
+US$8.2b		-9.9%PE32.1x
BLK BlackRockUS$1.04k4.8%
+US$7.5b		6.2%PE25.9x

Latest News

HOOD
US$98.12
Robinhood Markets
7D
15.4%
1Y
27.8%
TDAC.U
US$11.22
Translational Development Acquisition
7D
-29.6%
1Y
8.4%
KKR
US$98.08
KKR
7D
5.2%
1Y
-20.5%
FRHC
US$138.90
Freedom Holding
7D
-2.2%
1Y
-8.5%
GS
US$1,076.17
Goldman Sachs Group
7D
3.0%
1Y
71.4%
MS
US$217.98
Morgan Stanley
7D
2.7%
1Y
66.5%
AVAT
US$1.17
Avalanche Treasury
7D
-82.1%
1Y
-88.6%
CME
US$266.08
CME Group
7D
5.6%
1Y
-0.5%
BLK
US$1,042.87
BlackRock
7D
4.8%
1Y
6.2%
MORN
US$173.13
Morningstar
7D
-4.6%
1Y
-42.6%
SCHW
US$90.95
Charles Schwab
7D
3.3%
1Y
2.2%
LAZ
US$44.06
Lazard
7D
-3.7%
1Y
-0.2%
BX
US$124.63
Blackstone
7D
9.1%
1Y
-9.9%
Seeking Alpha • Jun 10

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
VCTR
US$85.97
Victory Capital Holdings
7D
-1.6%
1Y
37.9%
Narrative Update • Jun 05

VCTR: Organic Turnaround And Capital Returns Will Shape A Measured Future Outlook

Analysts have nudged their fair value estimate for Victory Capital Holdings to $95, up from $84, reflecting updated assumptions around a slightly lower discount rate, a higher profit margin, and revised growth expectations. At the same time, recent Street research, including a Neutral rating and $90 price target from Goldman Sachs, highlights more limited upside at the stock's current valuation.
FDS
US$235.86
FactSet Research Systems
7D
-4.3%
1Y
-44.0%
Narrative Update • Jun 05

FDS: AI And Managed Services Momentum Will Offset Lowered Street Expectations

Analysts have trimmed the implied fair value for FactSet Research Systems slightly from about $252.44 to $252.25. A series of reduced Street price targets, including cuts from firms such as RBC, UBS, BMO, Stifel, Goldman Sachs, Morgan Stanley, and Deutsche Bank, reflects updated views on discount rates, long term growth drivers, and valuation multiples, despite ongoing expectations for resilient subscription demand and managed services momentum.
FGMC.U
US$9.75
FG Merger II
7D
-47.7%
1Y
-3.3%