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U.S. Capital Markets Industry Analysis

UpdatedMar 28, 2024
DataAggregated Company Financials
Companies274
  • 7D1.7%
  • 3M5.5%
  • 1Y32.8%
  • YTD7.7%

Over the last 7 days, the Capital Markets industry has risen 1.7%, driven by gains from Goldman Sachs Group of 4.7%. Meanwhile, FactSet Research Systems actually underperformed within the industry, shrinking 8.3% in the last week. In the last 12 months, the industry was up 33%. Looking forward, earnings are forecast to grow by 16% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 28 Mar 2024US$1.9tUS$440.8bUS$67.3b19.7x28.5x4.3x
Sat, 24 Feb 2024US$1.8tUS$440.2bUS$67.5b19.1x27x4.1x
Mon, 22 Jan 2024US$1.8tUS$433.5bUS$69.0b27.7x26.3x4.2x
Wed, 20 Dec 2023US$1.8tUS$432.9bUS$70.6b27.4x26.2x4.3x
Fri, 17 Nov 2023US$1.6tUS$432.7bUS$70.6b26.6x23.2x3.8x
Sun, 15 Oct 2023US$1.6tUS$425.8bUS$68.3b28x22.8x3.7x
Tue, 12 Sep 2023US$1.7tUS$426.4bUS$68.1b28.2x24.3x3.9x
Thu, 10 Aug 2023US$1.7tUS$426.8bUS$67.4b30.4x24.6x3.9x
Sat, 08 Jul 2023US$1.6tUS$420.9bUS$64.3b31x24.2x3.7x
Mon, 05 Jun 2023US$1.5tUS$418.9bUS$64.4b30.4x23.8x3.7x
Wed, 03 May 2023US$1.5tUS$420.5bUS$64.3b27.6x23.6x3.6x
Fri, 31 Mar 2023US$1.6tUS$423.7bUS$69.1b28.9x22.5x3.7x
Sun, 26 Feb 2023US$1.7tUS$424.5bUS$69.6b27.6x24.3x4x
Tue, 24 Jan 2023US$1.7tUS$439.0bUS$81.2b27.9x21.2x3.9x
Thu, 22 Dec 2022US$1.6tUS$443.7bUS$85.8b27.3x18.8x3.6x
Sat, 19 Nov 2022US$1.7tUS$439.0bUS$85.5b27.1x19.6x3.8x
Mon, 17 Oct 2022US$1.4tUS$453.5bUS$96.1b24.8x14.6x3.1x
Wed, 14 Sep 2022US$1.7tUS$454.8bUS$96.6b25.5x17.6x3.7x
Fri, 12 Aug 2022US$1.7tUS$454.3bUS$96.7b30.4x18x3.8x
Sun, 10 Jul 2022US$1.6tUS$471.2bUS$111.8b29.6x14.1x3.4x
Tue, 07 Jun 2022US$1.7tUS$472.3bUS$111.9b28.9x15.2x3.6x
Thu, 05 May 2022US$1.7tUS$475.3bUS$115.7b38.5x14.9x3.6x
Sat, 02 Apr 2022US$2.0tUS$480.2bUS$116.7b32.2x16.9x4.1x
Mon, 28 Feb 2022US$2.0tUS$481.1bUS$108.9b15.1x18x4.1x
Wed, 26 Jan 2022US$2.0tUS$466.3bUS$106.0b14.9x18.6x4.2x
Fri, 24 Dec 2021US$2.2tUS$464.7bUS$103.9b16.1x20.9x4.7x
Sun, 21 Nov 2021US$2.2tUS$467.0bUS$103.2b15.7x21.5x4.7x
Tue, 19 Oct 2021US$2.1tUS$445.2bUS$95.9b15.7x21.9x4.7x
Thu, 16 Sep 2021US$1.9tUS$443.8bUS$95.2b13.7x19.5x4.2x
Sat, 14 Aug 2021US$1.9tUS$441.8bUS$96.0b14.3x19.5x4.2x
Wed, 09 Jun 2021US$1.8tUS$410.9bUS$78.5b16.1x22.7x4.3x
Price to Earnings Ratio

20x


Total Market Cap: US$1.5tTotal Earnings: US$76.3bTotal Revenue: US$407.1bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Capital Markets Industry Price to Earnings3Y Average 21x202220232024
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 28.5x which is higher than its 3-year average PE of 21.0x.
  • The 3-year average PS ratio of 3.9x is lower than the industry's current PS ratio of 4.3x.
Past Earnings Growth
  • The earnings for companies in the Capital Markets industry have declined 4.1% per year over the last three years.
  • Meanwhile revenues for these companies have grown 2.7% 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, which has decreased profits.

Industry Trends

Which industries have driven the changes within the U.S. Financials industry?

US Market0.38%
Financials0.84%
Capital Markets1.67%
Investment Banking and Brokerage2.85%
Asset Management2.01%
Diversified Capital Markets0.69%
Financial Exchanges and Data-0.11%
Industry PE
  • Investors are most optimistic about the Financial Exchanges and Data industry which is trading above its 3-year average PE ratio of 37.5x.
    • Analysts are expecting annual earnings growth of 12.3%, which is higher than its past year's earnings growth of 6.2% per year.
Forecasted Growth
  • Analysts are most optimistic on the Diversified Capital Markets industry, expecting annual earnings growth of 27% over the next 5 years.
  • In contrast, the Financial Exchanges and Data industry is expected to see its earnings grow by 12% 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
GS Goldman Sachs GroupUS$415.254.7%
+US$6.4b
29.5%PE18.1x
SCHW Charles SchwabUS$72.383.9%
+US$4.9b
31.1%PE28.4x
MS Morgan StanleyUS$93.502.4%
+US$3.5b
8.4%PE17.9x
BLK BlackRockUS$835.122.1%
+US$2.6b
27.1%PE22.6x
BX BlackstoneUS$130.892.4%
+US$2.2b
53.7%PE67.3x
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Latest News

SCHW

US$72.38

Charles Schwab

7D

3.9%

1Y

31.1%

NDAQ

US$63.00

Nasdaq

7D

3.5%

1Y

16.5%

BX

US$130.89

Blackstone

7D

2.4%

1Y

53.7%

CBOE

US$180.17

Cboe Global Markets

7D

-2.2%

1Y

36.2%

FDS

US$447.38

FactSet Research Systems

7D

-8.3%

1Y

9.8%

KKR

US$100.51

KKR

7D

1.9%

1Y

96.6%

BLK

US$835.12

BlackRock

7D

2.1%

1Y

27.1%

SPGI

US$422.81

S&P Global

7D

-0.8%

1Y

25.0%

MS

US$93.50

Morgan Stanley

7D

2.4%

1Y

8.4%

FUTU

US$53.71

Futu Holdings

7D

-6.9%

1Y

8.7%

BGC

US$7.64

BGC Group

7D

-7.8%

1Y

43.6%

JGGC

US$1.70

Jaguar Global Growth Corporation I

7D

-79.5%

1Y

-83.3%