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U.S. Financials Sector Analysis

UpdatedApr 09, 2026
DataAggregated Company Financials
Companies1388
  • 7D3.6%
  • 3M-8.6%
  • 1Y9.8%
  • YTD-6.8%

The Financials industry is up 3.6% in the last week, with JPMorgan Chase up 4.3%. In the last 12 months, the industry was up 9.8%. 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
Thu, 09 Apr 2026US$9.5tUS$3.3tUS$562.7b13.1x16.9x2.9x
Sat, 07 Mar 2026US$9.8tUS$3.3tUS$562.6b11.9x17.4x3x
Mon, 02 Feb 2026US$10.3tUS$3.2tUS$567.0b12.4x18.1x3.2x
Wed, 31 Dec 2025US$10.6tUS$3.2tUS$552.7b12.7x19.2x3.4x
Fri, 28 Nov 2025US$10.2tUS$3.2tUS$552.7b12.3x18.4x3.2x
Sun, 26 Oct 2025US$10.1tUS$3.1tUS$534.9b12.3x18.9x3.2x
Tue, 23 Sep 2025US$10.5tUS$3.3tUS$517.8b13x20.3x3.2x
Thu, 21 Aug 2025US$10.1tUS$3.3tUS$517.5b12.7x19.6x3.1x
Sat, 19 Jul 2025US$10.2tUS$3.0tUS$528.6b13.2x19.4x3.4x
Mon, 16 Jun 2025US$9.4tUS$3.0tUS$525.2b12.3x18x3.1x
Wed, 14 May 2025US$9.6tUS$3.0tUS$527.8b12.7x18.2x3.2x
Fri, 11 Apr 2025US$8.9tUS$3.0tUS$545.2b11.2x16.4x3x
Sun, 09 Mar 2025US$9.3tUS$3.0tUS$545.1b12.1x17.1x3.1x
Tue, 04 Feb 2025US$9.9tUS$3.0tUS$547.2b12.5x18.1x3.3x
Thu, 02 Jan 2025US$9.3tUS$2.9tUS$505.4b13x18.4x3.2x
Sat, 30 Nov 2024US$9.9tUS$2.9tUS$504.7b13.7x19.6x3.4x
Mon, 28 Oct 2024US$9.0tUS$2.9tUS$471.1b12.5x19x3.1x
Wed, 25 Sep 2024US$8.7tUS$2.8tUS$466.2b12.4x18.7x3.1x
Fri, 23 Aug 2024US$8.4tUS$2.8tUS$465.9b12.2x18x3x
Sun, 21 Jul 2024US$8.2tUS$2.8tUS$470.6b11.8x17.5x3x
Tue, 18 Jun 2024US$7.7tUS$2.8tUS$463.1b10.6x16.7x2.8x
Thu, 16 May 2024US$7.8tUS$2.8tUS$463.1b10.9x16.8x2.8x
Sat, 13 Apr 2024US$7.7tUS$2.7tUS$477.6b10.5x16.1x2.8x
Mon, 11 Mar 2024US$7.8tUS$2.7tUS$472.9b10.7x16.4x2.9x
Wed, 07 Feb 2024US$7.4tUS$2.7tUS$421.3b10.5x17.5x2.8x
Fri, 05 Jan 2024US$7.4tUS$2.7tUS$447.7b11.4x16.4x2.7x
Sun, 03 Dec 2023US$7.0tUS$2.7tUS$445.0b10.9x15.8x2.6x
Tue, 31 Oct 2023US$6.2tUS$2.7tUS$441.4b10.1x14.1x2.3x
Thu, 28 Sep 2023US$6.5tUS$2.7tUS$430.7b10.2x15.1x2.4x
Sat, 26 Aug 2023US$6.6tUS$2.7tUS$430.9b10.5x15.4x2.5x
Mon, 24 Jul 2023US$6.9tUS$2.6tUS$348.6b11x19.7x2.6x
Wed, 21 Jun 2023US$6.5tUS$2.6tUS$341.2b10.6x18.9x2.5x
Fri, 19 May 2023US$6.3tUS$2.6tUS$341.2b10.4x18.5x2.4x
Sun, 16 Apr 2023US$6.4tUS$2.6tUS$324.3b10.7x19.8x2.5x
Price to Earnings Ratio

19.8x


Total Market Cap: US$6.4tTotal Earnings: US$324.3bTotal 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 Market2.97%
Financials3.58%
Consumer Finance4.73%
Banks4.61%
Capital Markets4.21%
Insurance2.95%
Mortgage REITs2.83%
Diversified Financial2.05%
Mortgage Finance0%0
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 11.8%, which is lower than the prior year's growth of 19.1% per year.
  • Investors are most pessimistic about the Mortgage REITs industry, which is trading below its 3-year average of 19.9x.
Forecasted Growth
  • Analysts are most optimistic on the Consumer Finance industry, expecting annual earnings growth of 20% over the next 5 years.
  • However this is lower than its past earnings growth rate of 31% per year.
  • In contrast, the Insurance industry is expected to see its earnings grow by 3.8% 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
JPM JPMorgan ChaseUS$307.974.3%
+US$29.4b		31.4%PB2.4x
V VisaUS$308.963.5%
+US$19.9b		-7.1%PE28.6x
BAC Bank of AmericaUS$51.885.3%
+US$18.7b		39.7%PB1.3x
MS Morgan StanleyUS$176.025.9%
+US$14.5b		57.6%PE17.1x
GS Goldman Sachs GroupUS$905.755.3%
+US$14.0b		75.2%PE17.1x

Latest News

ARES
US$104.83
Ares Management
7D
-0.9%
1Y
-26.4%
PRU
US$96.65
Prudential Financial
7D
-1.4%
1Y
-7.0%
V
US$308.96
Visa
7D
3.5%
1Y
-7.1%
FDS
US$222.97
FactSet Research Systems
7D
-0.8%
1Y
-47.8%
JPM
US$307.97
JPMorgan Chase
7D
4.3%
1Y
31.4%
MA
US$507.12
Mastercard
7D
3.1%
1Y
-1.6%

MA: Crypto Partnerships And BVNK Deal Will Support Future Payment Upside

The analyst price target for Mastercard edges slightly lower to reflect a modest trim in fair value to about $657. This is largely tied to a more cautious sector tone and a mix of recent target cuts and raises, even as analysts highlight ongoing benefits from payment volume trends, cross border activity, and product initiatives like the BVNK and stablecoin partnerships.
BAC
US$51.88
Bank of America
7D
5.3%
1Y
39.7%

Bank Of America: Heading Into Q1 With More Priced In Than Left To Price

Apr 07
GS
US$905.75
Goldman Sachs Group
7D
5.3%
1Y
75.2%

GS: Buybacks And Dividend Stability Will Support Measured Long Term Upside Potential

Analysts have trimmed their price target on Goldman Sachs Group slightly, with updated assumptions around fair value of $945.45, discount rate, revenue growth, profit margin, and a future P/E of 16.81 helping explain the step down from $959.75. What's in the News Golar LNG Limited has started a formal review of strategic alternatives and appointed Goldman Sachs International as its financial advisor for the process, with the bank acting exclusively for Golar in this role (Key Developments).
APO
US$107.05
Apollo Global Management
7D
-2.9%
1Y
-16.7%
PAYP
US$20.36
PayPay
7D
-3.6%
1Y
n/a
OWL
US$8.32
Blue Owl Capital
7D
-4.5%
1Y
-54.3%

OWL: Negative Media And Retail Outflows Will Drive Future Sentiment Reversal

Analysts have trimmed the average price target on Blue Owl Capital to $14.93 from $16.40, reflecting more conservative assumptions on revenue growth and profitability, partly offset by a higher future P/E multiple as they factor in weaker retail private credit flows, redemption pressures and recent downgrades, along with ongoing debate about media-driven sentiment. Analyst Commentary Recent research on Blue Owl Capital shows a wide spread of views, with many firms cutting price targets and a few arguing that recent weakness and headlines have gone too far.
WFC
US$84.66
Wells Fargo
7D
5.1%
1Y
27.6%

WFC: Future Returns Will Reflect ROTCE Expansion And Capital Return Strength

The analyst price target for Wells Fargo has been trimmed slightly to align with a fair value estimate, moving from $100.52 to $99.30. Analysts are recalibrating assumptions for profit margins and sector P/E multiples, while still citing mixed but generally constructive research commentary across recent upgrades, downgrades, and target changes.
CSHR
US$6.76
CoinShares
7D
-21.5%
1Y
n/a
AXP
US$316.34
American Express
7D
4.9%
1Y
20.6%

AXP: Premium Margins And Rate Cap Threat Will Shape Forward P E

Analysts have made a modest upward adjustment to the American Express price target, with fair value moving by about $3 to $286.99 as they balance softer margin assumptions against slightly higher revenue growth expectations and a small uptick in the future P/E. Analyst Commentary Recent research on American Express reflects a split view, with some firms highlighting long term growth potential and others flagging risks around competition, regulation, and macro sensitivity.
MS
US$176.02
Morgan Stanley
7D
5.9%
1Y
57.6%
LMND
US$58.94
Lemonade
7D
-3.5%
1Y
97.7%

LMND: Extended Profitability Timeline Will Limit Benefits From Tesla Data Partnership

Analysts have nudged their price targets on Lemonade higher in recent weeks, including moves such as Morgan Stanley's shift to $85 and other target increases of $4 to $7. These changes reflect growing focus on the Tesla partnership, expected benefits from autonomous exposure, and ongoing debate around the cost and payoff of Lemonade's automation and bundling efforts.