Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

U.S. Capital Markets Industry Analysis

UpdatedSep 26, 2025
DataAggregated Company Financials
Companies340
  • 7D-2.4%
  • 3M6.3%
  • 1Y28.8%
  • YTD14.9%

The Capital Markets industry is down 2.4% over the last week with KKR the worst performer, down 9.2%. Over the past 12 months, the industry was up 29%. 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
Fri, 26 Sep 2025US$2.8tUS$874.9bUS$100.9b27.1x27.5x3.2x
Sun, 24 Aug 2025US$2.8tUS$866.4bUS$101.0b27.1x27.3x3.2x
Tue, 22 Jul 2025US$2.7tUS$596.6bUS$99.2b28.6x27.6x4.6x
Thu, 19 Jun 2025US$2.4tUS$590.7bUS$97.1b27x24.3x4x
Sat, 17 May 2025US$2.4tUS$589.9bUS$96.0b28x25.2x4.1x
Mon, 14 Apr 2025US$2.1tUS$560.6bUS$96.5b24.2x21.4x3.7x
Wed, 12 Mar 2025US$2.2tUS$557.3bUS$94.8b21.1x22.8x3.9x
Fri, 07 Feb 2025US$2.5tUS$550.7bUS$92.1b21.7x27.5x4.6x
Sun, 05 Jan 2025US$2.4tUS$526.1bUS$81.6b23x29.3x4.5x
Tue, 03 Dec 2024US$2.5tUS$524.3bUS$81.6b24.1x30.7x4.8x
Thu, 31 Oct 2024US$2.3tUS$503.8bUS$81.1b23.3x28.1x4.5x
Sat, 28 Sep 2024US$2.1tUS$492.0bUS$77.9b21.6x27.2x4.3x
Mon, 26 Aug 2024US$2.0tUS$492.3bUS$78.0b20.3x25.5x4x
Wed, 24 Jul 2024US$2.0tUS$473.2bUS$76.5b20.4x26.4x4.3x
Fri, 21 Jun 2024US$1.9tUS$467.1bUS$73.1b21.3x26.1x4.1x
Sun, 19 May 2024US$2.0tUS$466.8bUS$73.2b22.4x27x4.2x
Tue, 16 Apr 2024US$1.8tUS$442.8bUS$68.2b19.9x27x4.2x
Thu, 14 Mar 2024US$1.8tUS$440.4bUS$67.3b19.6x27.5x4.2x
Sat, 10 Feb 2024US$1.8tUS$438.0bUS$65.4b19.3x27.3x4.1x
Mon, 08 Jan 2024US$1.8tUS$432.8bUS$70.6b27.1x25.8x4.2x
Wed, 06 Dec 2023US$1.7tUS$432.8bUS$70.6b27.1x24.5x4x
Fri, 03 Nov 2023US$1.5tUS$429.1bUS$68.6b27.1x21.9x3.5x
Sun, 01 Oct 2023US$1.6tUS$425.6bUS$68.1b28.2x23.3x3.7x
Tue, 29 Aug 2023US$1.6tUS$426.4bUS$68.1b28.2x23.5x3.8x
Thu, 27 Jul 2023US$1.7tUS$422.7bUS$62.9b30.5x27x4x
Sat, 24 Jun 2023US$1.5tUS$419.6bUS$64.4b31.4x23.7x3.6x
Mon, 22 May 2023US$1.5tUS$416.8bUS$63.8b31.7x23.5x3.6x
Wed, 19 Apr 2023US$1.6tUS$424.0bUS$67.4b28.2x23.5x3.7x
Fri, 17 Mar 2023US$1.6tUS$424.0bUS$69.2b28.7x22.5x3.7x
Sun, 12 Feb 2023US$1.7tUS$427.4bUS$72.0b28x24.1x4.1x
Tue, 10 Jan 2023US$1.7tUS$443.6bUS$85.8b27.3x19.4x3.7x
Thu, 08 Dec 2022US$1.6tUS$443.4bUS$85.8b27.6x19.2x3.7x
Sat, 05 Nov 2022US$1.6tUS$438.8bUS$87.7b24.9x18.6x3.7x
Mon, 03 Oct 2022US$1.5tUS$454.3bUS$96.3b24.9x15.4x3.3x
Price to Earnings Ratio

15.4x


Total Market Cap: US$1.5tTotal Earnings: US$96.3bTotal Revenue: US$454.3bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Capital Markets Industry Price to Earnings3Y Average 24.8x202320242025
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 27.5x which is higher than its 3-year average PE of 24.8x.
  • 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-0.84%
Financials-1.40%
Capital Markets-2.35%
Investment Banking and Brokerage-0.30%
Financial Exchanges and Data-2.91%
Asset Management-4.18%
Diversified Capital Markets-10.60%
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 40.0x.
    • Analysts are expecting annual earnings growth of 8.2%, 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 8.2% 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
CME CME GroupUS$268.733.1%
+US$2.9b		23.0%PE26x
SCHW Charles SchwabUS$94.781.6%
+US$2.7b		48.5%PE25.3x
BLK BlackRockUS$1.15k0.9%
+US$1.6b		21.4%PE27.7x
HOOD Robinhood MarketsUS$122.651.4%
+US$1.5b		446.8%PE61x
CBOE Cboe Global MarketsUS$243.994.1%
+US$999.9m		18.8%PE28.5x

Latest News

BX
US$175.60
Blackstone
7D
-6.9%
1Y
14.4%
KKR
US$135.66
KKR
7D
-9.2%
1Y
3.3%
BLK
US$1,147.29
BlackRock
7D
0.9%
1Y
21.4%
CBOE
US$243.99
Cboe Global Markets
7D
4.1%
1Y
18.8%
CG
US$63.65
Carlyle Group
7D
-8.2%
1Y
48.7%
HOOD
US$122.65
Robinhood Markets
7D
1.4%
1Y
446.8%
COIN
US$306.69
Coinbase Global
7D
-10.6%
1Y
70.4%

Blockchain Tokenization Will Expand Markets Though Cybersecurity Risks Persist

Analysts have modestly raised Coinbase’s price target to $370.09, citing improved regulatory clarity, new product and partnership-driven growth opportunities, and cost discipline—though near-term caution remains due to moderating trading volumes and a recent earnings miss. Analyst Commentary Bullish analysts raise price targets due to improving regulatory clarity in the crypto sector, including key policy events and Circle's IPO, which unlocks value through Coinbase's USDC partnership.
SPGI
US$484.94
S&P Global
7D
-4.5%
1Y
-5.2%
ICE
US$167.28
Intercontinental Exchange
7D
-2.2%
1Y
5.8%
SCHW
US$94.78
Charles Schwab
7D
1.6%
1Y
48.5%

Digital Transformation And Generational Wealth Will Drive Long-Term Success

The consensus analyst price target for Charles Schwab saw a slight increase to $108.37, as bullish analysts cited strong net new asset growth and sustained trading volumes supported by a favorable rate environment, while bearish sentiment persists on concerns about future Fed rate cuts impacting earnings. Analyst Commentary Bullish analysts cite a significant acceleration in net new asset growth, with seasonally adjusted growth nearly 6%—the strongest in over two years.
CME
US$268.73
CME Group
7D
3.1%
1Y
23.0%
GS
US$794.76
Goldman Sachs Group
7D
-1.2%
1Y
59.9%
ARES
US$163.32
Ares Management
7D
-11.0%
1Y
4.7%
BULL
US$14.64
Webull
7D
14.9%
1Y
29.1%

Canada, Europe And Crypto Trading Will Expand Future Markets

Key Takeaways Diversification through global expansion and thriving subscription-based services is enhancing customer growth, revenue stability, and higher average user returns. Agile adoption of digital assets and favorable regulations strengthen product innovation, user engagement, and expansion of revenue sources worldwide.
MSCI
US$564.66
MSCI
7D
1.6%
1Y
-0.5%
FUTU
US$179.14
Futu Holdings
7D
3.0%
1Y
119.9%

Global Expansion And Digital Finance Will Shape Future Trends

Driven by significantly better-than-expected Q2 results, strong customer and asset growth, and favorable regulatory developments in Hong Kong and China, analysts have raised Futu Holdings’ consensus price target from $162.88 to $182.62. Analyst Commentary Strong Q2 performance, with results well ahead of expectations, driven by robust growth in new customer acquisitions and assets under management.