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U.S. Financials Sector Analysis

UpdatedApr 24, 2026
DataAggregated Company Financials
Companies1399
  • 7D-0.5%
  • 3M-3.2%
  • 1Y8.9%
  • YTD-5.4%

The Financials is pretty flat in the last 7 days, but Goldman Sachs Group has stood out, gaining 3.5%. As for the the longer term, the industry is up 8.9% over the past 12 months. Earnings are forecast to grow by 8.9% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 24 Apr 2026US$10.0tUS$3.3tUS$577.2b13.2x17.3x3x
Sun, 22 Mar 2026US$9.3tUS$3.3tUS$562.8b11.8x16.6x2.8x
Tue, 17 Feb 2026US$9.9tUS$3.3tUS$565.0b12.6x17.6x3x
Thu, 15 Jan 2026US$10.4tUS$3.2tUS$552.4b12.8x18.9x3.3x
Sat, 13 Dec 2025US$10.5tUS$3.2tUS$552.5b13x19.1x3.3x
Mon, 10 Nov 2025US$10.1tUS$3.2tUS$554.4b12.1x18.2x3.2x
Wed, 08 Oct 2025US$10.4tUS$3.3tUS$517.3b12.9x20x3.1x
Fri, 05 Sep 2025US$10.3tUS$3.3tUS$517.7b13.2x19.9x3.1x
Sun, 03 Aug 2025US$9.9tUS$3.0tUS$538.8b12.1x18.3x3.2x
Tue, 01 Jul 2025US$9.8tUS$3.0tUS$525.6b12.8x18.7x3.3x
Thu, 29 May 2025US$9.6tUS$3.0tUS$524.1b12.5x18.3x3.2x
Sat, 26 Apr 2025US$9.1tUS$3.0tUS$548.3b11.9x16.7x3.1x
Mon, 24 Mar 2025US$9.4tUS$3.0tUS$544.7b12.1x17.2x3.2x
Wed, 19 Feb 2025US$9.9tUS$3.0tUS$558.2b12.8x17.8x3.4x
Fri, 17 Jan 2025US$9.5tUS$2.9tUS$528.8b12.9x18x3.3x
Sun, 15 Dec 2024US$9.6tUS$2.9tUS$504.7b13.6x19x3.3x
Tue, 12 Nov 2024US$9.5tUS$2.9tUS$504.7b13.5x18.8x3.3x
Thu, 10 Oct 2024US$8.7tUS$2.8tUS$466.9b12.4x18.6x3.1x
Sat, 07 Sep 2024US$8.4tUS$2.8tUS$465.9b12.1x18.1x3x
Mon, 05 Aug 2024US$8.0tUS$2.8tUS$470.3b12x17x2.9x
Wed, 03 Jul 2024US$7.9tUS$2.8tUS$461.2b11.1x17.1x2.8x
Fri, 31 May 2024US$7.9tUS$2.8tUS$463.2b10.8x17x2.8x
Sun, 28 Apr 2024US$7.8tUS$2.7tUS$480.5b10.7x16.3x2.9x
Tue, 26 Mar 2024US$7.9tUS$2.7tUS$473.0b10.8x16.8x2.9x
Thu, 22 Feb 2024US$7.5tUS$2.7tUS$436.8b10.6x17.3x2.8x
Sat, 20 Jan 2024US$7.3tUS$2.7tUS$426.0b11.4x17.2x2.7x
Mon, 18 Dec 2023US$7.3tUS$2.7tUS$446.6b11.5x16.4x2.7x
Wed, 15 Nov 2023US$6.6tUS$2.7tUS$446.9b10.9x14.7x2.4x
Fri, 13 Oct 2023US$6.5tUS$2.7tUS$431.0b10.2x15.2x2.5x
Sun, 10 Sep 2023US$6.5tUS$2.7tUS$430.7b10.5x15.2x2.5x
Tue, 08 Aug 2023US$6.9tUS$2.7tUS$428.8b11.2x16.2x2.6x
Thu, 06 Jul 2023US$6.6tUS$2.6tUS$342.9b10.6x19.1x2.5x
Sat, 03 Jun 2023US$6.4tUS$2.6tUS$341.0b10.5x18.6x2.5x
Mon, 01 May 2023US$6.4tUS$2.6tUS$320.2b10.3x20.1x2.5x
Price to Earnings Ratio

20.1x


Total Market Cap: US$6.4tTotal Earnings: US$320.2bTotal Revenue: US$2.6tTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Financials Sector Price to Earnings3Y Average 17.7x202420252026
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 17.7x.
  • 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 22% per year over the last three years.
  • Revenues for these companies have grown 8.9% 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 Market0.69%
Financials-0.52%
Mortgage REITs1.46%
Banks0.22%
Mortgage Finance0%0
Insurance-0.11%
Capital Markets-0.54%
Consumer Finance-0.97%
Diversified Financial-1.47%
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 10.5%, 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 3.5% 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$931.303.5%
+US$9.6b		70.8%PE16.7x
JPM JPMorgan ChaseUS$311.690.6%
+US$4.7b		27.4%PB2.4x
BLK BlackRockUS$1.05k2.8%
+US$4.4b		15.0%PE26.2x
TFC Truist FinancialUS$51.404.0%
+US$2.7b		35.6%PB1.1x
STT State StreetUS$151.256.6%
+US$2.6b		72.7%PE14.8x

Latest News

BAC
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Bank of America
7D
-1.9%
1Y
32.6%
MSCI
US$598.01
MSCI
7D
5.9%
1Y
12.7%
BRK.A
US$706,165.00
Berkshire Hathaway
7D
-0.9%
1Y
-11.4%

Underperformance Doesn't Mean A Bargain: Berkshire Hathaway Still Isn't Cheap

Apr 22
GS
US$931.30
Goldman Sachs Group
7D
3.5%
1Y
70.8%
APO
US$124.77
Apollo Global Management
7D
3.3%
1Y
-6.4%
BLK
US$1,053.47
BlackRock
7D
2.8%
1Y
15.0%
AXP
US$318.55
American Express
7D
-2.2%
1Y
19.2%

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MA
US$502.38
Mastercard
7D
-3.1%
1Y
-6.2%
JPM
US$311.69
JPMorgan Chase
7D
0.6%
1Y
27.4%
BX
US$122.33
Blackstone
7D
-4.5%
1Y
-9.1%

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TFC
US$51.40
Truist Financial
7D
4.0%
1Y
35.6%

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MS
US$188.65
Morgan Stanley
7D
0.7%
1Y
63.2%
STT
US$151.25
State Street
7D
6.6%
1Y
72.7%

STT: Private Assets And ETF Servicing Expansion Will Support Future Fee Power

State Street's updated analyst price target has moved from $144.30 to about $148.46. Analysts attribute this to revised fair value, a lower discount rate, slightly different revenue growth assumptions, a higher profit margin outlook, and updated future P/E expectations supported by recent mixed target changes across major research firms.
NU
US$14.46
Nu Holdings
7D
-6.3%
1Y
23.1%

NU: US Bank Charter Progress Will Support Long-Term Earnings Potential

Analysts kept their average price target for Nu Holdings unchanged at $22.00. They made small adjustments to underlying assumptions such as revenue growth, profit margin, discount rate, and future P/E, which resulted in no change to the overall target.
V
US$308.88
Visa
7D
-2.0%
1Y
-8.0%

Visa 04-2026

Visa executes steadily on its three-pillar strategy: Consumer Payments volume growing 8-9% in constant dollars driven by secular cash-to-card conversion and cross-border recovery; CMS at ~20% initially decelerating to ~12% by FY30; VAS sustaining 20-25% growth before decelerating to ~15% by FY32 as the business matures. The DOJ antitrust case resolves with a monetary settlement and limited routing adjustments — painful but not structurally disruptive to the debit network economics.
SCHW
US$88.92
Charles Schwab
7D
-4.0%
1Y
12.0%