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U.S. Capital Markets Industry Analysis

UpdatedAug 10, 2025
DataAggregated Company Financials
Companies342
  • 7D2.2%
  • 3M14.7%
  • 1Y40.1%
  • YTD14.6%

Over the last 7 days, the Capital Markets industry has risen 2.1%, driven by gains from Robinhood Markets of 15%. This takes the industry's 12 month performance to a gain of 40%. 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?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 10 Aug 2025US$2.8tUS$640.0bUS$104.2b26.6x27.1x4.4x
Tue, 08 Jul 2025US$2.6tUS$590.6bUS$97.0b28.2x27.3x4.5x
Thu, 05 Jun 2025US$2.4tUS$590.4bUS$97.3b28.1x24.7x4.1x
Sat, 03 May 2025US$2.2tUS$566.0bUS$97.1b25.5x22.9x3.9x
Mon, 31 Mar 2025US$2.2tUS$559.0bUS$94.9b24.1x23.4x4x
Wed, 26 Feb 2025US$2.4tUS$554.9bUS$95.4b20.2x25.2x4.3x
Fri, 24 Jan 2025US$2.5tUS$536.7bUS$88.9b23x28.3x4.7x
Sun, 22 Dec 2024US$2.4tUS$526.2bUS$81.7b23.6x28.9x4.5x
Tue, 19 Nov 2024US$2.4tUS$509.8bUS$81.6b23.7x29.8x4.8x
Thu, 17 Oct 2024US$2.3tUS$497.6bUS$80.9b22.3x27.9x4.5x
Sat, 14 Sep 2024US$2.0tUS$491.4bUS$77.8b20.5x26.1x4.1x
Mon, 12 Aug 2024US$2.0tUS$491.5bUS$77.9b21x25.1x4x
Wed, 10 Jul 2024US$1.9tUS$467.8bUS$73.1b20.5x26.2x4.1x
Fri, 07 Jun 2024US$1.9tUS$467.1bUS$73.1b21.1x26.2x4.1x
Sun, 05 May 2024US$1.9tUS$460.1bUS$72.5b19.7x25.9x4.1x
Tue, 02 Apr 2024US$1.9tUS$441.2bUS$67.3b20.4x28.6x4.4x
Thu, 29 Feb 2024US$1.8tUS$440.2bUS$67.4b19.2x26.9x4.1x
Sat, 27 Jan 2024US$1.8tUS$433.2bUS$67.6b28.2x27.2x4.2x
Mon, 25 Dec 2023US$1.9tUS$432.9bUS$70.6b27.9x26.3x4.3x
Wed, 22 Nov 2023US$1.6tUS$432.7bUS$70.5b26.8x23.3x3.8x
Fri, 20 Oct 2023US$1.5tUS$425.4bUS$66.5b27.8x22.8x3.6x
Sun, 17 Sep 2023US$1.7tUS$427.0bUS$68.1b28.2x24.6x3.9x
Tue, 15 Aug 2023US$1.6tUS$426.3bUS$68.2b29.3x24.1x3.9x
Thu, 13 Jul 2023US$1.6tUS$421.0bUS$64.3b31x24.9x3.8x
Sat, 10 Jun 2023US$1.6tUS$419.4bUS$64.5b31x24.1x3.7x
Mon, 08 May 2023US$1.5tUS$419.1bUS$64.6b27.3x23.3x3.6x
Wed, 05 Apr 2023US$1.5tUS$423.7bUS$68.0b29.7x22.7x3.7x
Fri, 03 Mar 2023US$1.7tUS$424.0bUS$69.4b27.9x24.2x4x
Sun, 29 Jan 2023US$1.7tUS$434.1bUS$79.4b28.1x21.8x4x
Tue, 27 Dec 2022US$1.6tUS$443.6bUS$85.8b27.5x18.7x3.6x
Thu, 24 Nov 2022US$1.7tUS$443.4bUS$85.8b27.2x19.8x3.8x
Sat, 22 Oct 2022US$1.5tUS$446.4bUS$91.2b25.1x16.6x3.4x
Mon, 19 Sep 2022US$1.6tUS$454.7bUS$96.5b25.5x16.7x3.5x
Wed, 17 Aug 2022US$1.8tUS$454.4bUS$96.6b26.6x18.3x3.9x
Price to Earnings Ratio

18.3x


Total Market Cap: US$1.8tTotal Earnings: US$96.6bTotal Revenue: US$454.4bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Capital Markets Industry Price to Earnings3Y Average 24.4x202320242025
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 27.0x which is higher than its 3-year average PE of 24.4x.
  • The 3-year average PS ratio of 4.0x is lower than the industry's current PS ratio of 4.4x.
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 11% 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 Market2.39%
Financials1.01%
Capital Markets2.15%
Diversified Capital Markets4.88%
Investment Banking and Brokerage3.44%
Asset Management1.80%
Financial Exchanges and Data0.83%
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 7.6%, 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 29% 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
HOOD Robinhood MarketsUS$114.6314.7%
+US$13.1b		539.7%PE57x
MS Morgan StanleyUS$143.182.9%
+US$5.4b		51.2%PE16.2x
BLK BlackRockUS$1.12k3.0%
+US$5.1b		31.4%PE27.2x
SPGI S&P GlobalUS$556.872.1%
+US$3.4b		14.0%PE42.4x
GS Goldman Sachs GroupUS$721.271.6%
+US$3.4b		47.1%PE14.2x

Latest News

BX
US$168.91
Blackstone
7D
-0.9%
1Y
29.0%
MSCI
US$546.68
MSCI
7D
-1.9%
1Y
2.4%
SCHW
US$97.08
Charles Schwab
7D
1.6%
1Y
55.6%
MKTX
US$187.01
MarketAxess Holdings
7D
-10.0%
1Y
-20.8%
SPGI
US$556.87
S&P Global
7D
2.1%
1Y
14.0%
FDS
US$382.43
FactSet Research Systems
7D
-2.3%
1Y
-5.1%
COIN
US$310.54
Coinbase Global
7D
-1.3%
1Y
58.2%
HOOD
US$114.63
Robinhood Markets
7D
14.7%
1Y
539.7%
FUTU
US$160.92
Futu Holdings
7D
13.6%
1Y
176.3%
BLK
US$1,124.97
BlackRock
7D
3.0%
1Y
31.4%
GS
US$721.27
Goldman Sachs Group
7D
1.6%
1Y
47.1%

Goldman Sachs Group (NYSE:GS) Will Pay A Larger Dividend Than Last Year At $4.00

Aug 05
Goldman Sachs Group (NYSE:GS) Will Pay A Larger Dividend Than Last Year At $4.00
MORN
US$258.92
Morningstar
7D
-5.0%
1Y
-15.2%
MCO
US$515.29
Moody's
7D
2.8%
1Y
10.8%
TW
US$135.44
Tradeweb Markets
7D
-1.2%
1Y
17.4%
NTRS
US$125.65
Northern Trust
7D
-1.1%
1Y
49.1%
MS
US$143.18
Morgan Stanley
7D
2.9%
1Y
51.2%