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U.S. Financials Sector Analysis

UpdatedMar 21, 2026
DataAggregated Company Financials
Companies1424
  • 7D0.09%
  • 3M-11.2%
  • 1Y-0.1%
  • YTD-11.3%

Last week, the Financials industry hasn't moved much but Wells Fargo is up 4.7% in that time. In line with that, the industry has also been flat over the past 12 months. Looking forward, earnings are forecast to grow by 9.0% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 21 Mar 2026US$9.3tUS$3.3tUS$557.9b11.8x16.7x2.8x
Mon, 16 Feb 2026US$9.9tUS$3.3tUS$565.0b12.5x17.6x3x
Wed, 14 Jan 2026US$10.6tUS$3.2tUS$551.3b12.7x19.3x3.4x
Fri, 12 Dec 2025US$10.4tUS$3.2tUS$552.5b13x18.8x3.3x
Sun, 09 Nov 2025US$10.1tUS$3.2tUS$554.4b12.1x18.2x3.2x
Tue, 07 Oct 2025US$10.4tUS$3.3tUS$517.3b12.9x20.1x3.1x
Thu, 04 Sep 2025US$10.3tUS$3.3tUS$517.6b13x19.9x3.1x
Sat, 02 Aug 2025US$10.0tUS$3.0tUS$539.0b12.1x18.6x3.3x
Mon, 30 Jun 2025US$9.6tUS$3.0tUS$525.6b12.8x18.3x3.2x
Wed, 28 May 2025US$9.4tUS$3.0tUS$523.9b12.6x18x3.1x
Fri, 25 Apr 2025US$9.0tUS$3.0tUS$548.7b11.9x16.4x3x
Sun, 23 Mar 2025US$9.4tUS$3.0tUS$544.7b12.1x17.2x3.2x
Tue, 18 Feb 2025US$9.9tUS$3.0tUS$558.2b12.7x17.8x3.4x
Thu, 16 Jan 2025US$9.3tUS$2.9tUS$517.5b12.9x18x3.2x
Sat, 14 Dec 2024US$9.6tUS$2.9tUS$504.7b13.5x19x3.3x
Mon, 11 Nov 2024US$9.5tUS$2.9tUS$504.7b13.3x18.8x3.3x
Wed, 09 Oct 2024US$8.7tUS$2.8tUS$466.9b12.3x18.5x3.1x
Fri, 06 Sep 2024US$8.6tUS$2.8tUS$466.0b12.2x18.5x3.1x
Sun, 04 Aug 2024US$8.1tUS$2.8tUS$470.3b12x17.1x2.9x
Tue, 02 Jul 2024US$7.9tUS$2.8tUS$461.3b10.9x17.1x2.8x
Thu, 30 May 2024US$7.9tUS$2.8tUS$463.2b10.8x17x2.8x
Sat, 27 Apr 2024US$7.8tUS$2.7tUS$480.9b10.7x16.3x2.9x
Mon, 25 Mar 2024US$7.9tUS$2.7tUS$473.0b10.7x16.8x2.9x
Wed, 21 Feb 2024US$7.5tUS$2.7tUS$436.9b10.6x17.3x2.8x
Fri, 19 Jan 2024US$7.3tUS$2.7tUS$428.4b11.1x17x2.7x
Sun, 17 Dec 2023US$7.3tUS$2.7tUS$446.6b11.5x16.4x2.7x
Tue, 14 Nov 2023US$6.6tUS$2.7tUS$447.0b10.6x14.7x2.4x
Thu, 12 Oct 2023US$6.5tUS$2.7tUS$431.0b10.2x15.2x2.5x
Sat, 09 Sep 2023US$6.7tUS$2.7tUS$430.7b10.5x15.5x2.5x
Mon, 07 Aug 2023US$6.9tUS$2.6tUS$349.2b11.1x19.6x2.6x
Wed, 05 Jul 2023US$6.6tUS$2.6tUS$342.9b10.7x19.2x2.5x
Fri, 02 Jun 2023US$6.2tUS$2.6tUS$342.7b10.3x18.1x2.4x
Sun, 30 Apr 2023US$6.4tUS$2.6tUS$320.2b10.3x20.1x2.5x
Tue, 28 Mar 2023US$6.2tUS$2.6tUS$319.5b10.7x19.3x2.4x
Price to Earnings Ratio

19.3x


Total Market Cap: US$6.2tTotal Earnings: US$319.5bTotal Revenue: US$2.6tTotal 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 industry is trading close to its 3-year average PS ratio of 2.9x.
Past Earnings Growth
  • The earnings for companies in the Financials industry have grown 20% per year over the last three years.
  • Revenues for these companies have grown 8.7% 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 Market-1.86%
Financials0.091%
Capital Markets1.34%
Banks1.21%
Mortgage Finance0%0
Consumer Finance-0.42%
Insurance-0.91%
Diversified Financial-1.49%
Mortgage REITs-4.12%
Industry PE
  • Investors are most optimistic about the Capital Markets industry even though it's trading below its 3-year average PE ratio of 25.7x.
    • Analysts are expecting annual earnings growth of 12.4%, which is lower than the prior year's growth of 15.5% per year.
  • Investors are most pessimistic about the Mortgage REITs industry, which is trading below its 3-year average of 19.8x.
Forecasted Growth
  • Analysts are most optimistic on the Consumer Finance industry, expecting annual earnings growth of 17% over the next 5 years.
  • However this is lower than its past earnings growth rate of 33% per year.
  • In contrast, the Insurance industry is expected to see its earnings grow by 3.7% 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
WFC Wells FargoUS$77.604.7%
+US$10.8b		7.0%PB1.5x
MS Morgan StanleyUS$161.474.3%
+US$10.5b		34.4%PE15.8x
GS Goldman Sachs GroupUS$813.534.0%
+US$9.7b		44.0%PE15.4x
JPM JPMorgan ChaseUS$286.561.1%
+US$8.4b		18.6%PB2.3x
C CitigroupUS$109.523.6%
+US$6.7b		52.2%PB1x

Latest News

V
US$301.62
Visa
7D
-1.8%
1Y
-10.1%
JPM
US$286.56
JPMorgan Chase
7D
1.1%
1Y
18.6%
KKR
US$90.00
KKR
7D
4.7%
1Y
-22.7%
BLK
US$957.91
BlackRock
7D
3.7%
1Y
0.6%
WFC
US$77.60
Wells Fargo
7D
4.7%
1Y
7.0%
MA
US$496.32
Mastercard
7D
-0.3%
1Y
-7.3%
MS
US$161.47
Morgan Stanley
7D
4.3%
1Y
34.4%

MS: Buybacks And Lower Credit Costs Will Support Future Upside

Analysts have raised their price target on Morgan Stanley from $169.52 to $195.81. They cite updated assumptions that include revised revenue growth, profit margin, discount rate and future P/E inputs.
C
US$109.52
Citigroup
7D
3.6%
1Y
52.2%

C: Banamex Stake Sale And Capital Actions Will Drive Future Upside

Analysts have raised their price target on Citigroup from $116.00 to about $134.32, citing updated assumptions that include different revenue growth, profit margin, future P/E expectations, and an adjusted discount rate. What's in the News Citi signed a long term lease for premium office space in The Rock, a new 9,492 m² office development in Luxembourg’s Cloche d’Or district.
BRK.A
US$720,702.08
Berkshire Hathaway
7D
-1.9%
1Y
-7.8%
HOOD
US$70.89
Robinhood Markets
7D
-3.4%
1Y
59.8%

HOOD: Prediction Markets And New Banking Features Will Drive Future Economics

Analysts have trimmed the Robinhood Markets fair value estimate from $132.19 to $124.62. This reflects a series of reduced price targets across the Street as softer trading activity and a more muted backdrop for retail volumes are balanced against updated assumptions for slightly higher revenue growth, stronger profit margins, a modestly lower discount rate, and a reduced future P/E multiple.
CME
US$307.32
CME Group
7D
-1.3%
1Y
16.7%
GS
US$813.53
Goldman Sachs Group
7D
4.0%
1Y
44.0%
CPAY
US$287.46
Corpay
7D
-9.5%
1Y
-17.1%
APO
US$112.00
Apollo Global Management
7D
7.2%
1Y
-21.9%
CB
US$322.58
Chubb
7D
-1.9%
1Y
10.7%

CB: Dividends And Buybacks Will Support A Stable Fairly Valued Outlook

Analysts have nudged their price target on Chubb slightly higher to about $338 from roughly $336, attributing the change to small adjustments in expected revenue trends, profit margins, and future P/E assumptions. What's in the News Chubb's Board of Directors plans to recommend at the 2026 Annual General Meeting an annual dividend of $4.08 per share, payable in four quarterly payments of $1.02 per share, compared with the current quarterly dividend of $0.97 per share.
AXP
US$295.50
American Express
7D
-1.5%
1Y
9.2%

AXP: Future Returns Will Reflect 2026 Guide Versus Credit Policy Risk

The analyst price target for American Express has been trimmed by about $1 to $378.94, as analysts balance slightly higher profit margin and discount rate assumptions with mixed sentiment around consumer finance, concerns about AI-driven unemployment, and recent volatility in the shares. Analyst Commentary Recent research on American Express reflects a split tape, with some firms highlighting opportunity after the recent pullback and others flagging policy and credit risks that could cap upside.