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U.S. Financials Sector Analysis

UpdatedFeb 10, 2026
DataAggregated Company Financials
Companies1422
  • 7D-0.06%
  • 3M1.6%
  • 1Y4.9%
  • YTD-1.5%

Last week, the Financials industry hasn't moved much but JPMorgan Chase is up 4.5% in that time. As for the the longer term, the industry is up 4.9% over the past 12 months. Earnings are forecast to grow by 10% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 10 Feb 2026US$10.4tUS$3.3tUS$569.1b12.7x18.2x3.2x
Thu, 08 Jan 2026US$10.8tUS$3.2tUS$551.9b12.8x19.6x3.4x
Sat, 06 Dec 2025US$10.3tUS$3.2tUS$552.6b12.5x18.6x3.3x
Mon, 03 Nov 2025US$10.0tUS$3.1tUS$542.7b12x18.5x3.2x
Wed, 01 Oct 2025US$10.5tUS$3.3tUS$517.8b12.8x20.2x3.1x
Fri, 29 Aug 2025US$10.4tUS$3.3tUS$517.9b13.1x20x3.1x
Sun, 27 Jul 2025US$10.2tUS$3.0tUS$533.3b12.7x19.2x3.4x
Tue, 24 Jun 2025US$9.6tUS$3.0tUS$525.5b12.4x18.2x3.2x
Thu, 22 May 2025US$9.7tUS$3.0tUS$523.9b12.5x18.5x3.2x
Sat, 19 Apr 2025US$8.8tUS$3.0tUS$550.9b11.3x16x3x
Mon, 17 Mar 2025US$9.2tUS$3.0tUS$545.1b11.9x16.9x3.1x
Wed, 12 Feb 2025US$9.9tUS$3.0tUS$552.7b12.8x17.9x3.3x
Fri, 10 Jan 2025US$9.3tUS$2.9tUS$505.9b12.7x18.5x3.2x
Sun, 08 Dec 2024US$9.8tUS$2.9tUS$504.7b13.6x19.3x3.4x
Tue, 05 Nov 2024US$8.9tUS$2.9tUS$511.4b12.5x17.4x3.1x
Thu, 03 Oct 2024US$8.7tUS$2.8tUS$466.4b12.2x18.6x3.1x
Sat, 31 Aug 2024US$8.7tUS$2.8tUS$465.9b12.6x18.6x3.1x
Mon, 29 Jul 2024US$8.4tUS$2.8tUS$467.8b12.5x17.9x3x
Wed, 26 Jun 2024US$7.9tUS$2.8tUS$463.0b10.6x17.2x2.9x
Fri, 24 May 2024US$8.0tUS$2.8tUS$463.2b10.8x17.3x2.9x
Sun, 21 Apr 2024US$7.7tUS$2.7tUS$474.4b10.5x16.3x2.8x
Tue, 19 Mar 2024US$7.8tUS$2.7tUS$473.0b10.5x16.5x2.9x
Thu, 15 Feb 2024US$7.4tUS$2.7tUS$434.3b10.5x17x2.7x
Sat, 13 Jan 2024US$7.4tUS$2.7tUS$448.4b11.2x16.4x2.7x
Mon, 11 Dec 2023US$6.9tUS$2.7tUS$446.6b11x15.4x2.6x
Wed, 08 Nov 2023US$6.5tUS$2.7tUS$437.3b10.6x15x2.4x
Fri, 06 Oct 2023US$6.4tUS$2.7tUS$430.9b10.3x14.9x2.4x
Sun, 03 Sep 2023US$6.8tUS$2.7tUS$434.9b10.7x15.7x2.6x
Tue, 01 Aug 2023US$6.9tUS$2.6tUS$348.8b11.2x19.8x2.6x
Thu, 29 Jun 2023US$6.4tUS$2.6tUS$342.8b10.4x18.7x2.5x
Sat, 27 May 2023US$6.2tUS$2.6tUS$341.1b10.4x18.2x2.4x
Mon, 24 Apr 2023US$6.5tUS$2.6tUS$323.5b10.5x20x2.5x
Wed, 22 Mar 2023US$5.2tUS$2.4tUS$307.0b10.7x16.8x2.2x
Fri, 17 Feb 2023US$5.8tUS$2.4tUS$340.4b11.8x17.1x2.4x
Price to Earnings Ratio

17.1x


Total Market Cap: US$5.8tTotal Earnings: US$340.4bTotal 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 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 19% per year over the last three years.
  • Revenues for these companies have grown 11% 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 Market0.33%
Financials-0.062%
Banks4.10%
Consumer Finance0.17%
Mortgage Finance0%0
Mortgage REITs-0.15%
Diversified Financial-0.87%
Insurance-2.05%
Capital Markets-2.53%
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 expect its future annual earnings growth (12.6%) to be largely in line with prior year's earnings growth.
  • Investors are most pessimistic about the Insurance industry, which is trading below its 3-year average of 18.5x.
Forecasted Growth
  • Analysts are most optimistic on the Mortgage REITs industry, expecting annual earnings growth of 21% over the next 5 years.
  • This is better than its past earnings decline of 4.8% per year.
  • In contrast, the Insurance industry is expected to see its earnings grow by 4.7% 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
JPM JPMorgan ChaseUS$322.104.5%
+US$37.6b		18.8%PB2.5x
BRK.A Berkshire HathawayUS$747.81k2.5%
+US$26.4b		5.9%PE15.9x
BAC Bank of AmericaUS$56.414.4%
+US$17.2b		20.9%PB1.5x
C CitigroupUS$123.776.5%
+US$13.2b		53.3%PB1.1x
WFC Wells FargoUS$94.612.5%
+US$7.2b		19.6%PB1.8x

Latest News

PYPL
US$41.15
PayPal Holdings
7D
-21.4%
1Y
-47.4%
BX
US$131.42
Blackstone
7D
-7.0%
1Y
-22.1%

BX: New Large Deals And Realizations Will Support Long-Term Resilience

Analysts have trimmed their price expectations for Blackstone, with the updated fair value estimate moving from about $179.78 to $171.00 as they factor in lower assumed revenue growth, a slightly reduced future P/E, and higher profit margins supported by recent target cuts from several major firms across the alternative asset manager group. Analyst Commentary Recent research on Blackstone has focused on resetting expectations rather than making wholesale calls on the business.
SCHW
US$107.21
Charles Schwab
7D
3.4%
1Y
28.9%

SCHW: Higher Reinvestment Yields And Trading Activity Will Support Future Upside

Our updated view keeps Charles Schwab's fair value estimate effectively unchanged at about $120.90 per share. Analysts point to slightly lower assumed revenue growth, a modestly higher profit margin, a lower discount rate, and a reduced future P/E multiple informed by recent price target increases across the Street.
MA
US$535.33
Mastercard
7D
-3.6%
1Y
-5.3%

MA: Crypto And Stablecoin Expansion Will Drive Future Upside

Analysts trimmed their fair value estimate for Mastercard by about US$4, to roughly US$661, reflecting slightly lower assumed future P/E multiples, even as they highlight resilient revenue growth, strong profit margins, and a series of recent rating upgrades that see the shares as relatively inexpensive. Analyst Commentary Recent research on Mastercard has been active, with a mix of price target trims and increases alongside several rating upgrades.
WFC
US$94.61
Wells Fargo
7D
2.5%
1Y
19.6%

WFC: Future Returns Will Reflect ROTCE Expansion And Mixed 2026 Sector Tailwinds

Analysts have raised their price target on Wells Fargo, with our fair value estimate moving to $101.25 from $100.44. This change reflects updated assumptions for slightly stronger profit margins, a lower discount rate, and modestly lower revenue growth and future P/E, in line with recent mixed target changes across the Street.
BAC
US$56.41
Bank of America
7D
4.4%
1Y
20.9%
SPGI
US$444.19
S&P Global
7D
-15.8%
1Y
-13.8%
AON
US$310.34
Aon
7D
-11.2%
1Y
-19.5%

AON: Health Data Insights And Margin Resilience Will Support Future Upside

Analysts have nudged their price targets on Aon higher, reflected in a modest increase in our fair value estimate to about US$397 per share. They cite updated assumptions for slightly stronger revenue growth, steadier profit margins and a lower future P/E multiple, even as recent research shows a mix of target raises and trims across the Street.
C
US$123.77
Citigroup
7D
6.5%
1Y
53.3%
V
US$325.58
Visa
7D
-2.5%
1Y
-7.3%

V: Stablecoin Settlement And Advisory Work Will Sustain Cross Border Network Moat

Our analyst price target for Visa has been trimmed by about US$1 to reflect a slightly lower fair value and P/E assumption, even as analysts highlight constructive views following recent upgrades and mixed target resets across the Street. Analyst Commentary Recent Street research on Visa reflects a mix of upbeat ratings shifts and recalibrated price targets, giving you a more balanced picture of how analysts are thinking about valuation, execution and growth prospects.
CME
US$307.24
CME Group
7D
5.7%
1Y
27.1%
JPM
US$322.10
JPMorgan Chase
7D
4.5%
1Y
18.8%

JPM: Premium Pricing Will Face Test From Credit And Regulatory Pressures

Analysts have nudged their price targets on JPMorgan Chase higher, citing continued best in class execution, refreshed earnings estimates, and support from factors like balance sheet growth, capital return capacity, and potential benefits from partnerships such as the Apple Card program transfer. Analyst Commentary Recent research has generally framed JPMorgan as a high quality bank with strong execution, but not all commentary is unqualifiedly positive.
MRSH
US$171.14
Marsh & McLennan Companies
7D
-9.1%
1Y
-25.0%

MRSH: Future Earnings Should Stay Resilient As P And C Cycle Softens

Analysts have inched their blended price target for Marsh & McLennan Companies up by about $1.70 to roughly $209, reflecting updated assumptions around modestly lower revenue, a slightly higher projected profit margin, and a somewhat lower future P/E multiple. Analyst Commentary Recent research on Marsh & McLennan Companies reflects a mix of optimism and caution, with several firms revisiting their price targets as they refresh sector views and look ahead to 2026.
MCO
US$449.47
Moody's
7D
-13.1%
1Y
-10.9%
BK
US$127.61
Bank of New York Mellon
7D
6.9%
1Y
49.3%

BK: AI And Stablecoin Services Will Support Future Upside Potential

Analysts have nudged their fair value estimate for Bank of New York Mellon Corporation higher to US$132.60 from US$127.67, citing updated assumptions around revenue growth, profit margins, and a slightly lower future P/E multiple. What's in the News From October 1, 2025 to December 31, 2025, BNY repurchased 9,034,550 shares, representing 1.3% of shares, for US$1,000m.
BRK.A
US$747,806.00
Berkshire Hathaway
7D
2.5%
1Y
5.9%