Has the U.S. Diversified Financial Industry valuation changed over the past few years?

Investors are relatively neutral on the American Diversified Financial 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 20.2x. The industry is trading close to its 3-year average PS ratio of 3.9x.

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

Investors are most optimistic about the Other Diversified Financial Services industry which is trading above its 3-year average PE ratio of 30.6x. Analysts are expecting annual earnings growth of 34.9%, which is higher than its past year's earnings growth of 16.7% per year.

U.S. Diversified Financial Industry Analysis

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Tue, 04 Aug 2026	US$2.8t	US$722.6b	US$132.1b	14.9x	21.4x	3.9x
Thu, 02 Jul 2026	US$2.7t	US$719.2b	US$131.1b	15.4x	20.5x	3.7x
Sat, 30 May 2026	US$2.6t	US$719.5b	US$131.2b	17.7x	19.7x	3.6x
Mon, 27 Apr 2026	US$2.6t	US$711.6b	US$123.5b	16.9x	20.8x	3.6x
Wed, 25 Mar 2026	US$2.5t	US$710.3b	US$123.6b	17.9x	20.6x	3.6x
Fri, 20 Feb 2026	US$2.7t	US$703.9b	US$125.5b	16.7x	21.3x	3.8x
Sun, 18 Jan 2026	US$2.8t	US$695.3b	US$126.9b	14.5x	21.8x	4x
Tue, 16 Dec 2025	US$2.8t	US$695.1b	US$126.9b	13.6x	22.4x	4.1x
Thu, 13 Nov 2025	US$2.8t	US$696.6b	US$127.5b	13.3x	21.9x	4x
Sat, 11 Oct 2025	US$2.9t	US$687.3b	US$120.0b	15.7x	23.9x	4.2x
Mon, 08 Sep 2025	US$2.9t	US$686.6b	US$120.8b	16.6x	24.1x	4.2x
Wed, 06 Aug 2025	US$2.8t	US$682.9b	US$122.6b	17.2x	22.8x	4.1x
Fri, 04 Jul 2025	US$2.9t	US$680.7b	US$141.3b	16.4x	20.5x	4.3x
Sun, 01 Jun 2025	US$2.9t	US$679.2b	US$141.4b	14.7x	20.3x	4.2x
Tue, 29 Apr 2025	US$2.9t	US$672.9b	US$152.0b	14.2x	18.9x	4.3x
Thu, 27 Mar 2025	US$3.0t	US$672.5b	US$151.8b	16x	19.5x	4.4x
Sat, 22 Feb 2025	US$2.9t	US$670.1b	US$169.9b	14.6x	17x	4.3x
Mon, 20 Jan 2025	US$2.8t	US$667.6b	US$160.1b	19.2x	17.6x	4.2x
Wed, 18 Dec 2024	US$2.8t	US$667.6b	US$160.1b	17.9x	17.6x	4.2x
Fri, 15 Nov 2024	US$2.8t	US$668.1b	US$160.5b	17x	17.4x	4.2x
Sun, 13 Oct 2024	US$2.7t	US$660.7b	US$128.0b	16.2x	20.7x	4x
Tue, 10 Sep 2024	US$2.6t	US$660.7b	US$128.0b	15.6x	20.3x	3.9x
Thu, 08 Aug 2024	US$2.4t	US$659.8b	US$127.8b	14.4x	18.6x	3.6x
Sat, 06 Jul 2024	US$2.4t	US$663.3b	US$131.7b	13.9x	18.2x	3.6x
Mon, 03 Jun 2024	US$2.4t	US$673.6b	US$131.5b	14x	18.5x	3.6x
Wed, 01 May 2024	US$2.4t	US$660.4b	US$148.6b	14.3x	16.1x	3.6x
Fri, 29 Mar 2024	US$2.5t	US$659.2b	US$147.7b	16.2x	17x	3.8x
Sun, 25 Feb 2024	US$2.5t	US$652.9b	US$110.9b	14.9x	22.5x	3.8x
Tue, 23 Jan 2024	US$2.3t	US$648.5b	US$107.0b	13.5x	21.7x	3.6x
Thu, 21 Dec 2023	US$2.3t	US$648.7b	US$107.0b	14x	21.3x	3.5x
Sat, 18 Nov 2023	US$2.1t	US$647.4b	US$107.8b	13.4x	19.9x	3.3x
Mon, 16 Oct 2023	US$2.1t	US$623.5b	US$107.0b	12.2x	19.5x	3.3x
Wed, 13 Sep 2023	US$2.2t	US$622.7b	US$106.8b	12.7x	20.7x	3.5x
Fri, 11 Aug 2023	US$2.2t	US$620.8b	US$106.0b	13.2x	20.4x	3.5x


US Market	2.39%
Financials	-0.28%
Diversified Financial	0.30%
Other Diversified Financial Services	1.81%
Transaction and Payment Processing Services	0.47%
Multi-Sector Holdings	0.032%
Specialized Finance	-1.41%

Company	Last Price	7D	1Y	Valuation
MA Mastercard	US$570.97	1.5% +US$2.9b	0.9%	PE30.8x
APO Apollo Global Management	US$129.42	3.8% +US$2.7b	-11.1%	PE64.6x
AFRM Affirm Holdings	US$75.63	4.5% +US$1.1b	1.0%	PE66.2x
PAYP PayPay	US$16.27	7.4% +US$755.0m	n/a	PE14.1x
CHYM Chime Financial	US$24.26	8.4% +US$720.1m	-28.2%	PS4x

Announcement • 4h

American Airlines, Citi and Mastercard Announce Updates to Citi / Aadvantage Executive World Legend Mastercard

American Airlines, Citi and Mastercard announced updates to the Citi® /AAdvantage® Executive World Legend Mastercard®, introducing new and enhanced premium travel and lifestyle benefits designed for frequent American Airlines travelers. Cardmembers can now unlock up to $2,300 in value, including Admirals Club® membership and faster path to AAdvantage® status. The refreshed Citi® /AAdvantage® Executive Mastercard® offers travel and lifestyle benefits designed to deliver more value, increase earning potential and accelerate progress toward AAdvantage® status. Up to $500 back on eligible American Airlines Vacations? purchases: Every calendar year, earn up to $500 in statement credits on eligible American Airlines Vacations? travel packages or experiences. Up to $100 back on inflight and eligible Admirals Club® purchases: Every calendar year, earn up to $100 in statement credits on inflight and eligible Admirals Club® purchases when using this card, amplifying the Admirals Club®membership benefit. Up to $180 in Lyft credits: After taking three eligible rides in a calendar month, now earn a $15 Lyft credit, for a total of up to $180 in Lyft credits annually, increased from the previous maximum of $120 annually. 12X AAdvantage® miles on eligible AAdvantage Hotels® and eligible AAdvantage Cars® bookings (increased from 10X AAdvantage® miles). New Loyalty Point milestones toward AAdvantage® status: Earn 10,000 bonus Loyalty Points after reaching each of the following milestones — 50,000, 90,000, 165,000 and 240,000 Loyalty Points in the same status qualification year. With the addition of new 165,000 and 240,000 Loyalty Point milestones, cardmembers can now earn up to 40,000 bonus Loyalty Points, increased from up to 20,000. Omni Hotels & Resorts Champion Status: Primary cardmembers are eligible to enroll in Omni Hotels and Resorts' Select Guest loyalty program and receive automatic Champion Status, the program's second-highest status tier. Champion Status includes exclusive benefits such as early check-in, late check-out, and room upgrades (subject to availability). Omni Free Night Reward: Once per calendar year, primary cardmembers can earn a Free Night after completing a qualifying stay of two or more consecutive nights booked directly through Omni Hotels and Resorts on omnihotels.com. Enrollment in the Champion Status benefit is required. Complimentary Avis President’s Club Status: Primary Cardmembers are eligible to enroll through Aug. 31, 2028, and enjoy a more seamless rental experience with elevated travel benefits including car upgrades, expedited service that lets you skip the rental counter at major airports and complimentary additional drivers. The Citi® /AAdvantage® Executive Mastercard® continues to offer a comprehensive set of benefits to support cardmembers on their journey. 4X AAdvantage® miles on eligible American Airlines purchases: Plus, after cardmembers spend $150,000 in purchases each calendar year, they will earn an increased total of 5X AAdvantage® miles on eligible American Airlines purchases for the remainder of the year. 1X AAdvantage® miles on all other purchases. Up to $120 back on prepaid rentals: Make every trip more rewarding with up to $120 in statement credits each calendar year on eligible prepaid Avis and Budget rentals booked directly through avis.com or budget.com. Up to $120 Global Entry® or TSA PreCheck® application fee credit: Receive a statement credit, up to $120 every four years, as reimbursement for the application fee for Global Entry® or TSA PreCheck®. First checked bag free: The first checked bag is free on domestic American Airlines itineraries for the primary cardmember and up to eight companions traveling on the same reservation, a savings of up to $900 per round trip. Enhanced airport experience: Enjoy priority check-in and airport screening (where available) and priority boarding when flying American Airlines for the primary cardmember and up to eight companions traveling on the same reservation. No foreign transaction fees when traveling internationally. Protections for peace of mind: Receive travel protections, including Trip Delay Protection, Trip Cancellation & Interruption Protection, Worldwide Car Rental Insurance and Lost Baggage Protection. Access to World Legend and The Mastercard Collection benefits: Enjoy coveted access to priority reservations at top international restaurants; premium ticketing for global music, theater and sporting events; and more with Mastercard’s World Legend tier and The Mastercard Collection benefits. Access to Mastercard priceless® experiences: Get access to Mastercard priceless® experiences, offering immersive cultural, culinary and entertainment opportunities. The Citi® /AAdvantage® Executive Mastercard® continues to be the only card that includes Admirals Club® membership, valued at up to $1,400 annually. Cardmembers receive unlimited lounge visits for the primary cardmember and up to two guests or immediate family members, with access to more than 100 Admirals Club® lounges and partner lounges worldwide. American invented the airline lounge and offers more premium lounges than any other U.S. carrier. Customers can now experience a new Admirals Club® in Philadelphia (PHL), alongside an exciting pipeline of new and reimagined lounges in Chicago (ORD); Charlotte, North Carolina (CLT); Dallas-Fort Worth (DFW); Miami (MIA); Washington, D.C. (DCA); Austin, Texas (AUS); and Nashville, Tennessee (BNA) — with even more to come. Reimagined culinary offerings designed to delight, featuring expanded selection, more satisfying meal options and a thoughtfully elevated presentation. Enhanced complimentary offerings, including Lavazza coffee. Access to Provisions by Admirals Club? lounge, a convenient new grab-and-go concept now available at CLT, with New York (JFK) coming soon. The enhanced Citi® /AAdvantage® Executive Mastercard® will be available for an annual fee of $695 for new cardmembers, starting on Aug. 23, 2026. The annual fee for authorized users is $175 for up to three authorized users and $175 for each authorized user thereafter. The updated Admirals Club® membership rates will also begin on Aug. 23, 2026. The variable APR for purchases and balance transfers is 19.49% – 29.49%, based on your creditworthiness. For Citi Flex Plans subject to an APR, the variable APR is 19.49% – 29.49%, based on creditworthiness. For Citi Flex Pay Plans subject to a Plan Fee, a monthly fee of up to 1.72% will apply, based on the Citi Flex Plan duration, the APR that would otherwise apply to the Transaction, and other factors. The variable APR for cash advances is 29.74%. The variable Penalty APR is up to 29.99% and may be applied if you make a late payment or make a payment that is returned. The annual fee for this credit card is $595 as of 08/03/2026. The annual fee for this credit card will be $695 as of 08/23/2026.

Announcement • Jul 25

Berkshire Hathaway Inc. (NYSE:BRK.A) completed the acquisition of Taylor Morrison Home Corporation (NYSE:TMHC) from BlackRock, Inc. (NYSE:BLK), Vanguard Capital Management, LLC, Dimensional Fund Advisors LP and others.

Berkshire Hathaway Inc. (NYSE:BRK.A) reached a definitive agreement to acquire Taylor Morrison Home Corporation (NYSE:TMHC) from BlackRock, Inc. (NYSE:BLK), Vanguard Capital Management, LLC, Dimensional Fund Advisors LP and others for $6.8 billion on May 31, 2026. Under the terms of the transaction, Berkshire Hathaway will acquire Taylor Morrison for $72.50 per common share in cash, representing a total equity value for Taylor Morrison of approximately $6.8 billion and enterprise value of approximately $8.5 billion. The acquisition price represents a 24% premium to Taylor Morrison’s latest closing price of $58.50 on May 29, 2026. Upon termination of the Merger Agreement under certain specified circumstances, including termination by Taylor to accept and enter into a definitive agreement with respect to a superior proposal or by Berkshire upon a change of recommendation by the Board, the Taylor will be required to pay Berkshire a termination fee of $221.6 million. Upon completion of the acquisition, Taylor Morrison will continue to be led by Taylor Morrison’s existing management team, including Chief Executive Officer Sheryl Palmer. Taylor Morrison Home Corporation will become a private company, and its common stock will no longer be listed and traded on the NYSE. The transaction is expected to close in the second half of 2026, subject to customary closing conditions, including approval by Taylor Morrison stockholders and receipt of required regulatory approvals. The transaction is unanimously approved by the boards. The HSR Waiting Period expired at 11:59 pm Eastern Time on July 6, 2026. As of July 22, Taylor Morrison Home sharehodlers approved the transaction. Goldman Sachs & Co. LLC and Moelis & Company LLC acted as financial advisors and fairness opinion providers and will each receive a fee of $46.9 million while the team of Simpson Thacher & Bartlett LLP led by Eric Swedenburg, Alison Preiss, Fred de Albuquerque, Julie Siegel, Jamin Koslowe, Charles Mathes, Josh Teitler, James Talbot, Kelly Karapetyan, Karen Kazmerzak, Alec Jarvis, Marisa Stavenas, Catherine Ciriello, Christopher Brown, Krista McManus, Jared Wilner and Steven DeLott and the team of Mayer Brown LLP led by Holly Spencer Bunting and Krista Cooley acted as legal advisors for Taylor Morrison Home Corporation. The team of Gibson, Dunn & Crutcher LLP led by Andrew Kaplan, Christopher Lang, Eric Sloan, James Jennings, Ekaterina Napalkova and John Curran acted as legal advisor for Berkshire Hathaway Inc. Innisfree M&A Incorporated acted as information agent for Taylor Morrison Home Corporation and will receive a fee of $40,000. Berkshire Hathaway Inc. (NYSE:BRK.A) completed the acquisition of Taylor Morrison Home Corporation (NYSE:TMHC) from BlackRock, Inc. (NYSE:BLK), Vanguard Capital Management, LLC, Dimensional Fund Advisors LP and others on July 24, 2026. Under Berkshire, Taylor Morrison will continue to be led by Chief Executive Officer Sheryl Palmer. Baker McKenzie LLP served as counsel to Berkshire Hathaway.

U.S. Diversified Financial Industry Analysis

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