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U.S. Financials Sector Analysis

UpdatedJul 16, 2026
DataAggregated Company Financials
Companies1418
  • 7D2.7%
  • 3M7.9%
  • 1Y7.9%
  • YTD2.8%

Over the last 7 days, the Financials industry has remained flat, although notably Goldman Sachs Group gained 12%. The past year has been better, since the industry has gained 8.0% in that time. As for the next few years, earnings are expected to grow by 8.7% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 16 Jul 2026US$10.7tUS$3.4tUS$609.5b13.3x17.5x3.1x
Sat, 13 Jun 2026US$10.0tUS$3.4tUS$596.8b12.9x16.8x3x
Mon, 11 May 2026US$9.8tUS$3.4tUS$597.1b12.7x16.5x2.9x
Wed, 08 Apr 2026US$9.5tUS$3.3tUS$562.7b12.8x16.9x2.9x
Fri, 06 Mar 2026US$9.9tUS$3.3tUS$562.6b12.1x17.5x3x
Sun, 01 Feb 2026US$10.3tUS$3.2tUS$567.0b12.4x18.1x3.2x
Tue, 30 Dec 2025US$10.6tUS$3.2tUS$552.7b12.8x19.2x3.4x
Thu, 27 Nov 2025US$10.1tUS$3.2tUS$552.7b12.3x18.2x3.2x
Sat, 25 Oct 2025US$10.1tUS$3.1tUS$534.0b12.4x18.9x3.2x
Mon, 22 Sep 2025US$10.5tUS$3.3tUS$517.8b13x20.3x3.2x
Wed, 20 Aug 2025US$10.1tUS$3.3tUS$517.4b12.6x19.5x3x
Fri, 18 Jul 2025US$9.9tUS$3.0tUS$527.0b13.2x18.8x3.3x
Sun, 15 Jun 2025US$9.4tUS$3.0tUS$525.2b12.3x18x3.1x
Tue, 13 May 2025US$9.4tUS$3.0tUS$527.6b12.6x17.8x3.1x
Thu, 10 Apr 2025US$8.3tUS$3.0tUS$545.2b11.5x15.2x2.8x
Sat, 08 Mar 2025US$9.4tUS$3.0tUS$545.0b12.1x17.2x3.2x
Mon, 03 Feb 2025US$9.9tUS$2.9tUS$547.3b12.6x18x3.3x
Wed, 01 Jan 2025US$9.3tUS$2.9tUS$505.4b13x18.4x3.2x
Fri, 29 Nov 2024US$9.9tUS$2.9tUS$504.7b13.8x19.6x3.4x
Sun, 27 Oct 2024US$9.0tUS$2.9tUS$471.1b12.5x19x3.1x
Tue, 24 Sep 2024US$8.7tUS$2.8tUS$466.2b12.7x18.7x3.1x
Thu, 22 Aug 2024US$8.4tUS$2.8tUS$466.2b12.2x18x3x
Sat, 20 Jul 2024US$8.3tUS$2.8tUS$469.3b11.7x17.7x3x
Mon, 17 Jun 2024US$7.8tUS$2.8tUS$463.1b10.5x16.7x2.8x
Wed, 15 May 2024US$8.0tUS$2.8tUS$463.1b10.9x17.2x2.9x
Fri, 12 Apr 2024US$7.7tUS$2.7tUS$475.0b10.4x16.3x2.9x
Sun, 10 Mar 2024US$7.8tUS$2.7tUS$472.9b10.7x16.4x2.9x
Tue, 06 Feb 2024US$7.4tUS$2.7tUS$421.3b10.5x17.5x2.8x
Thu, 04 Jan 2024US$7.4tUS$2.7tUS$447.7b11.3x16.4x2.7x
Sat, 02 Dec 2023US$7.0tUS$2.7tUS$446.4b10.9x15.6x2.6x
Mon, 30 Oct 2023US$6.1tUS$2.7tUS$440.5b10.1x13.9x2.3x
Wed, 27 Sep 2023US$6.5tUS$2.7tUS$430.7b10.2x15.1x2.4x
Fri, 25 Aug 2023US$6.6tUS$2.7tUS$430.8b10.5x15.3x2.5x
Sun, 23 Jul 2023US$6.9tUS$2.6tUS$348.6b11x19.7x2.6x
Price to Earnings Ratio

19.7x


Total Market Cap: US$6.9tTotal Earnings: US$348.6bTotal Revenue: US$2.6tTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Financials Sector Price to Earnings3Y Average 17.6x202420252026
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 17.6x.
  • The industry is trading close to its 3-year average PS ratio of 3.0x.
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 Market0.81%
Financials2.66%
Consumer Finance6.09%
Capital Markets5.53%
Banks3.63%
Mortgage REITs2.48%
Diversified Financial1.24%
Mortgage Finance0%0
Insurance-3.10%
Industry PE
  • Investors are most optimistic about the Capital Markets industry, which is trading close to its 3-year average PE ratio of 25.8x.
    • Analysts are expecting annual earnings growth of 11.8%, which is lower than the prior year's growth of 38.3% per year.
  • Investors are most pessimistic about the Mortgage REITs industry, which is trading below its 3-year average of 19.0x.
Forecasted Growth
  • Analysts are most optimistic on the Mortgage REITs industry, expecting annual earnings growth of 25% over the next 5 years.
  • This is better than its past earnings growth rate of 4.1% per year.
  • In contrast, the Insurance industry is expected to see its earnings grow by 2.2% 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
GS Goldman Sachs GroupUS$1.15k11.9%
+US$37.5b		62.5%PE17.7x
JPM JPMorgan ChaseUS$346.914.9%
+US$36.3b		21.4%PB2.6x
BAC Bank of AmericaUS$61.595.6%
+US$18.5b		33.8%PB1.6x
MS Morgan StanleyUS$228.554.8%
+US$16.5b		63.5%PE20.6x
BLK BlackRockUS$1.09k10.4%
+US$16.0b		1.0%PE27.1x

Latest News

ALL
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Allstate
7D
-4.7%
1Y
22.4%
JPM
US$346.91
JPMorgan Chase
7D
4.9%
1Y
21.4%
C
US$134.89
Citigroup
7D
-1.8%
1Y
49.8%
BAC
US$61.59
Bank of America
7D
5.6%
1Y
33.8%
GS
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Goldman Sachs Group
7D
11.9%
1Y
62.5%
ERIE
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Erie Indemnity
7D
-16.4%
1Y
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BLK
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BlackRock
7D
10.4%
1Y
1.0%
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V
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Visa
7D
2.2%
1Y
1.5%
AXP
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American Express
7D
6.6%
1Y
14.9%
PGR
US$205.22
Progressive
7D
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1Y
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MS
US$228.55
Morgan Stanley
7D
4.8%
1Y
63.5%
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AJG
US$247.77
Arthur J. Gallagher
7D
-3.4%
1Y
-20.1%
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AJG: Broker Resilience And Margin Upside Are Expected To Unlock Repricing Potential

Arthur J. Gallagher's updated analyst price target rises to $349.17 from $336.47, reflecting analysts' refreshed views on broker resilience, margin potential and valuation, as highlighted across recent target increases from firms following the stock.
MA
US$535.21
Mastercard
7D
3.0%
1Y
-3.7%
BRK.A
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Berkshire Hathaway
7D
-2.0%
1Y
3.6%
CB
US$337.44
Chubb
7D
-5.0%
1Y
21.6%
Narrative Update • Jul 10

CB: Dividend Growth And Buybacks Will Support War Risk Expansion And Stable Outlook

Analysts have nudged their price target on Chubb higher, with fair value moving from about $345.04 to $355.83, citing updated assumptions around revenue trends, profit margins, the discount rate and future P/E expectations. What’s in the News for Chubb Chubb, working with Lloyd's of London, launched a US$400m marine war risk insurance facility for vessels using the Strait of Hormuz.
TRV
US$329.19
Travelers Companies
7D
-2.6%
1Y
30.5%
Narrative Update • Jul 09

TRV: AI Deployment And Mixed Underwriting Trends Will Shape Future Earnings Profile

The analyst price target for Travelers Companies has increased to $320.74 from $312.91 as analysts factor in slightly stronger profit margins, a modestly higher future P/E of 13.02, and recent research highlighting more stable auto insurance trends and underwriting results. Analyst Commentary Recent research on Travelers Companies shows a wide range of views on where the stock should trade, with price targets spanning from below US$300 to US$400 and ratings running from Underweight to Strong Buy.