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U.S. Financials Sector Analysis

UpdatedJan 28, 2026
DataAggregated Company Financials
Companies1412
  • 7D-0.2%
  • 3M2.4%
  • 1Y3.9%
  • YTD-2.5%

Over the last 7 days, the Financials industry has remained flat, although notably Nu Holdings gained 9.3%. The past year has been better, since the industry has gained 3.9% in that time. Looking forward, earnings are forecast to grow by 11% annually.

Sector Valuation and Performance

Has the U.S. Financials Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 28 Jan 2026US$10.3tUS$3.2tUS$558.2b12.7x18.5x3.2x
Fri, 26 Dec 2025US$10.7tUS$3.2tUS$552.7b12.9x19.3x3.4x
Sun, 23 Nov 2025US$9.7tUS$3.2tUS$552.9b12.1x17.5x3.1x
Tue, 21 Oct 2025US$10.1tUS$3.1tUS$528.9b12.4x19.2x3.3x
Thu, 18 Sep 2025US$10.4tUS$3.3tUS$517.5b13x20x3.1x
Sat, 16 Aug 2025US$10.2tUS$3.3tUS$517.2b12.6x19.7x3.1x
Mon, 14 Jul 2025US$9.9tUS$3.0tUS$524.9b13.2x18.9x3.3x
Wed, 11 Jun 2025US$9.6tUS$3.0tUS$525.5b12.6x18.3x3.2x
Fri, 09 May 2025US$9.3tUS$3.0tUS$531.6b12.3x17.5x3.1x
Sun, 06 Apr 2025US$8.4tUS$3.0tUS$545.2b11.3x15.3x2.8x
Tue, 04 Mar 2025US$9.9tUS$3.0tUS$545.3b12.5x18.2x3.3x
Thu, 30 Jan 2025US$9.9tUS$2.9tUS$540.1b12.7x18.3x3.4x
Sat, 28 Dec 2024US$9.5tUS$2.9tUS$505.1b13x18.8x3.3x
Mon, 25 Nov 2024US$9.8tUS$2.9tUS$504.7b13.8x19.5x3.4x
Wed, 23 Oct 2024US$9.1tUS$2.8tUS$470.6b12.6x19.2x3.2x
Fri, 20 Sep 2024US$8.6tUS$2.8tUS$466.2b12.9x18.6x3.1x
Sun, 18 Aug 2024US$8.4tUS$2.8tUS$466.2b12.1x18x3x
Tue, 16 Jul 2024US$8.1tUS$2.8tUS$465.3b11.5x17.5x2.9x
Thu, 13 Jun 2024US$7.8tUS$2.8tUS$463.2b10.7x16.8x2.8x
Sat, 11 May 2024US$8.0tUS$2.8tUS$462.4b10.9x17.3x2.9x
Mon, 08 Apr 2024US$8.0tUS$2.7tUS$475.0b10.7x16.8x2.9x
Wed, 06 Mar 2024US$7.7tUS$2.7tUS$472.4b10.7x16.3x2.8x
Fri, 02 Feb 2024US$7.5tUS$2.7tUS$425.4b11.9x17.7x2.8x
Sun, 31 Dec 2023US$7.4tUS$2.7tUS$446.8b11.5x16.6x2.8x
Tue, 28 Nov 2023US$6.9tUS$2.7tUS$446.4b10.5x15.4x2.5x
Thu, 26 Oct 2023US$6.3tUS$2.7tUS$437.9b10x14.3x2.3x
Sat, 23 Sep 2023US$6.6tUS$2.7tUS$430.8b10.3x15.3x2.5x
Mon, 21 Aug 2023US$6.6tUS$2.7tUS$431.0b10.7x15.4x2.5x
Wed, 19 Jul 2023US$6.8tUS$2.6tUS$349.9b10.9x19.5x2.6x
Fri, 16 Jun 2023US$6.5tUS$2.6tUS$341.2b10.7x18.9x2.5x
Sun, 14 May 2023US$6.1tUS$2.6tUS$341.3b10.2x18x2.4x
Tue, 11 Apr 2023US$6.3tUS$2.6tUS$318.3b10.7x19.7x2.5x
Thu, 09 Mar 2023US$5.6tUS$2.4tUS$308.6b11.7x18.2x2.4x
Sat, 04 Feb 2023US$5.9tUS$2.4tUS$348.6b11.9x16.9x2.4x
Price to Earnings Ratio

16.9x


Total Market Cap: US$5.9tTotal Earnings: US$348.6bTotal Revenue: US$2.4tTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Financials Sector Price to Earnings3Y Average 17.8x202420252026
Current Industry PE
  • Investors are relatively neutral on the American Financials 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 17.8x.
  • The 3-year average PS ratio of 2.9x is lower than the industry's current PS ratio of 3.2x.
Past Earnings Growth
  • The earnings for companies in the Financials industry have grown 17% per year over the last three years.
  • Revenues for these companies have grown 9.7% 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 sector?

US Market2.04%
Financials-0.23%
Mortgage REITs1.88%
Banks1.12%
Mortgage Finance0%0
Insurance-0.35%
Capital Markets-0.41%
Consumer Finance-0.87%
Diversified Financial-1.24%
Industry PE
  • Investors are most optimistic about the Capital Markets industry, which is trading close to its 3-year average PE ratio of 25.7x.
    • Analysts are expecting annual earnings growth of 12.5%, which is lower than the prior year's growth of 15.2% per year.
  • Investors are most pessimistic about the Insurance industry, which is trading below its 3-year average of 18.6x.
Forecasted Growth
  • Analysts are most optimistic on the Mortgage REITs industry, expecting annual earnings growth of 28% over the next 5 years.
  • This is better than its past earnings decline of 5.9% per year.
  • In contrast, the Insurance industry is expected to see its earnings grow by 6.2% 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
NU Nu HoldingsUS$18.559.3%
+US$7.7b		46.8%PB8.5x
WFC Wells FargoUS$88.712.4%
+US$6.3b		13.9%PB1.7x
AXP American ExpressUS$359.452.1%
+US$5.0b		13.4%PE23.8x
SCHW Charles SchwabUS$103.722.7%
+US$4.9b		27.0%PE21.9x
C CitigroupUS$114.791.8%
+US$3.5b		43.6%PB1x

Latest News

USB
US$56.53
U.S. Bancorp
7D
4.0%
1Y
16.7%
PGR
US$208.08
Progressive
7D
2.0%
1Y
-15.1%
KKR
US$116.00
KKR
7D
-5.6%
1Y
-30.6%
SCHW
US$103.72
Charles Schwab
7D
2.7%
1Y
27.0%
WFC
US$88.71
Wells Fargo
7D
2.4%
1Y
13.9%
MA
US$520.41
Mastercard
7D
-2.1%
1Y
-4.9%
GS
US$929.72
Goldman Sachs Group
7D
-1.4%
1Y
45.8%

GS: Buybacks And Japan Deal Talks Will Balance Share Price Concerns

Analysts have raised their price target on Goldman Sachs Group to about US$931 from roughly US$813, pointing to updated assumptions for slightly higher revenue growth, a modestly stronger profit margin, and a marginally lower future P/E multiple. What's in the News Goldman Sachs updated investors on its share repurchase activity, completing the buyback of 11,696,675 shares, representing 3.68% of shares, for a total of US$7,999.81m under the program announced on April 14, 2025 (company filing).
COIN
US$210.83
Coinbase Global
7D
-7.4%
1Y
-25.2%

COIN: ETF Pressure And Product Expansion Will Shape Future Profitability Balance

Narrative Update: Coinbase Global Analysts have trimmed their fair value estimate for Coinbase Global from about US$209 to roughly US$198, reflecting slightly softer volume expectations, modestly lower long term profit margins, and a lower future P/E multiple. They are factoring in recent price target cuts tied to weaker Q4 trading activity, mixed crypto pricing, USDC trends, potential pressure from low cost bitcoin ETFs, and ongoing uncertainty around US market structure legislation, partially offset by continued confidence in Coinbase's product expansion and "everything exchange" ambitions.
BX
US$148.41
Blackstone
7D
-3.6%
1Y
-20.0%

BX: Future Deals And Fee Margins Will Balance Execution And Integration Risks

Narrative update on Blackstone Analysts have trimmed their blended price target for Blackstone by about $10 to reflect modestly lower assumed fair value and P/E multiples, while still pointing to ongoing revenue growth expectations and updated views following recent target resets at several firms. Analyst Commentary Recent Street research has tilted more cautious on Blackstone, with several bearish analysts trimming price targets and highlighting pockets of execution and deal related risk.
AXP
US$359.45
American Express
7D
2.1%
1Y
13.4%

AXP: Elevated P E Multiples Will Face Regulatory Credit Card Rate Cap Test

Analysts have raised their implied fair value for American Express from about US$230 to roughly US$280, reflecting updated price targets that apply higher future P/E multiples and slightly stronger assumptions for revenue growth and profit margins. Analyst Commentary Across recent research, most price target changes for American Express have been upward, but the tone is not uniformly optimistic.
JPM
US$300.31
JPMorgan Chase
7D
-0.8%
1Y
12.4%
COF
US$217.11
Capital One Financial
7D
-5.1%
1Y
6.9%
NU
US$18.55
Nu Holdings
7D
9.3%
1Y
46.8%

NU: Fair Outlook As Global Racing Partnership Aims To Lift Brand Profile

Analysts have raised their price target for Nu Holdings from US$9.35 to US$17.00, citing updated expectations for revenue growth, profit margins and a slightly higher assumed future P/E multiple. What's in the News Nu and the Mercedes-AMG PETRONAS F1 Team agreed to a new multi-year partnership, with Nu becoming an Official Team Partner ahead of the 2026 FIA Formula One World Championship Season.
BAP
US$356.15
Credicorp
7D
8.9%
1Y
96.3%

BAP: Stable Outlook Will Rely On Digital Progress And Steady Profitability

Analysts have nudged their price target on Credicorp higher to about US$314 from roughly US$301, citing updated model inputs around revenue growth, profit margins and future P/E assumptions that slightly shift the valuation range. What's in the News Tenpo, Credicorp's digital banking subsidiary in Chile, received operating authorization from the Comisión para el Mercado Financiero, the country's financial markets regulator (Key Developments).
BRK.A
US$713,000.00
Berkshire Hathaway
7D
-2.0%
1Y
1.1%
C
US$114.79
Citigroup
7D
1.8%
1Y
43.6%

C: Future Buybacks And Impairment Charges Will Shape Earnings Quality

Analysts have lifted their fair value estimate for Citigroup from about US$95.74 to around US$111.68, citing updated assumptions for revenue growth, profit margin, and a lower future P/E multiple as key drivers of the change. What's in the News Citi is considering additional stake sales in its Mexican retail banking unit Banamex, after closing the sale of a 25% stake to Mexican investor Fernando Chico Pardo in mid December, while continuing preparations for a public sale of its remaining shares (Key Developments).