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U.S. Financials Sector Analysis

UpdatedJun 12, 2026
DataAggregated Company Financials
Companies1417
  • 7D1.0%
  • 3M7.8%
  • 1Y3.6%
  • YTD-4.2%

In the last week, the Financials industry is up 2.6%, with Berkshire Hathaway up 1.1%. In the same time, Goldman Sachs Group was down 5.2%. The industry has been flat over the past 12 months despite the gain this week. As for the next few years, earnings are expected to grow by 8.9% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 12 Jun 2026US$9.9tUS$3.4tUS$596.7b12.8x16.6x2.9x
Sun, 10 May 2026US$9.9tUS$3.4tUS$597.1b12.7x16.5x2.9x
Tue, 07 Apr 2026US$9.5tUS$3.3tUS$562.7b12.8x16.8x2.9x
Thu, 05 Mar 2026US$9.8tUS$3.3tUS$562.0b12.3x17.4x3x
Sat, 31 Jan 2026US$10.3tUS$3.2tUS$564.5b12.6x18.3x3.2x
Mon, 29 Dec 2025US$10.7tUS$3.2tUS$552.7b12.8x19.3x3.4x
Wed, 26 Nov 2025US$10.0tUS$3.2tUS$552.6b12.3x18x3.2x
Fri, 24 Oct 2025US$10.1tUS$3.1tUS$533.9b12.4x18.9x3.2x
Sun, 21 Sep 2025US$10.5tUS$3.3tUS$517.8b13x20.3x3.2x
Tue, 19 Aug 2025US$10.1tUS$3.3tUS$517.4b12.6x19.5x3x
Thu, 17 Jul 2025US$9.9tUS$3.0tUS$523.5b13.1x18.8x3.3x
Sat, 14 Jun 2025US$9.6tUS$3.0tUS$525.5b12.3x18.3x3.2x
Mon, 12 May 2025US$9.3tUS$3.0tUS$527.6b12.4x17.6x3.1x
Wed, 09 Apr 2025US$8.3tUS$3.0tUS$545.1b11.1x15.3x2.8x
Fri, 07 Mar 2025US$9.5tUS$3.0tUS$545.3b12.1x17.5x3.2x
Sun, 02 Feb 2025US$9.9tUS$3.0tUS$547.2b12.6x18.1x3.3x
Tue, 31 Dec 2024US$9.4tUS$2.9tUS$505.4b13x18.6x3.2x
Thu, 28 Nov 2024US$9.9tUS$2.9tUS$504.8b13.8x19.6x3.4x
Sat, 26 Oct 2024US$9.0tUS$2.9tUS$471.1b12.5x19.2x3.2x
Mon, 23 Sep 2024US$8.7tUS$2.8tUS$466.2b12.7x18.7x3.1x
Wed, 21 Aug 2024US$8.4tUS$2.8tUS$466.2b12.1x18.1x3x
Fri, 19 Jul 2024US$8.4tUS$2.8tUS$469.7b11.8x17.9x3x
Sun, 16 Jun 2024US$7.8tUS$2.8tUS$463.1b10.5x16.7x2.8x
Tue, 14 May 2024US$8.0tUS$2.8tUS$463.0b10.9x17.2x2.9x
Thu, 11 Apr 2024US$7.9tUS$2.7tUS$474.9b10.4x16.5x2.9x
Sat, 09 Mar 2024US$7.8tUS$2.7tUS$472.6b10.7x16.4x2.9x
Mon, 05 Feb 2024US$7.6tUS$2.7tUS$427.3b11.8x17.8x2.8x
Wed, 03 Jan 2024US$7.4tUS$2.7tUS$447.8b11.6x16.6x2.8x
Fri, 01 Dec 2023US$6.9tUS$2.7tUS$446.4b10.6x15.5x2.6x
Sun, 29 Oct 2023US$6.1tUS$2.7tUS$440.5b10x13.9x2.3x
Tue, 26 Sep 2023US$6.6tUS$2.7tUS$430.7b10.3x15.3x2.5x
Thu, 24 Aug 2023US$6.6tUS$2.7tUS$430.8b10.5x15.4x2.5x
Sat, 22 Jul 2023US$6.9tUS$2.6tUS$348.6b11x19.7x2.6x
Mon, 19 Jun 2023US$6.5tUS$2.6tUS$341.2b10.6x19.1x2.5x
Price to Earnings Ratio

19.1x


Total Market Cap: US$6.5tTotal Earnings: US$341.2bTotal 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 9.1% 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-2.36%
Financials0.99%
Insurance3.95%
Banks1.99%
Consumer Finance0.82%
Mortgage REITs0.49%
Diversified Financial0.42%
Mortgage Finance0%0
Capital Markets-0.85%
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 11.6%, which is lower than the prior year's growth of 38.3% per year.
  • Investors are most pessimistic about the Insurance industry, which is trading below its 3-year average of 17.3x.
Forecasted Growth
  • Analysts are most optimistic on the Mortgage REITs industry, expecting annual earnings growth of 26% 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 2.3% 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
BRK.A Berkshire HathawayUS$726.58k1.1%
+US$11.7b		-1.1%PE14.4x
BAC Bank of AmericaUS$55.161.8%
+US$7.0b		23.6%PB1.4x
JPM JPMorgan ChaseUS$313.490.8%
+US$7.0b		16.9%PB2.4x
CB ChubbUS$327.934.3%
+US$5.2b		13.4%PE11.3x
C CitigroupUS$138.072.2%
+US$5.0b		76.5%PB1.2x

Latest News

JPM
US$313.49
JPMorgan Chase
7D
0.8%
1Y
16.9%
CB
US$327.93
Chubb
7D
4.3%
1Y
13.4%
ICE
US$138.98
Intercontinental Exchange
7D
-2.2%
1Y
-22.4%
GS
US$1,035.64
Goldman Sachs Group
7D
-5.2%
1Y
65.7%
Seeking Alpha • 22h

Goldman Sachs: Take Advantage Of The IPO Craze With This Leading Investment Bank

Summary Goldman Sachs is rated a buy, positioned to benefit from robust IPO activity and record investment banking fees. GS posted 14.37% YoY revenue growth in Q1 2026, driven by its global banking and markets segment, notably investment banking fees up 48%. GS is the lead advisor on the anticipated SpaceX, Anthropic, and OpenAI IPOs, expected to be major catalysts for revenue and shareholder value. Despite a sum-of-the-parts valuation of $732.25/share, I target $1,100 within twelve months due to strong IPO pipelines and GS's industry dominance. Read the full article on Seeking Alpha
MSCI
US$594.31
MSCI
7D
-4.0%
1Y
7.0%
BAC
US$55.16
Bank of America
7D
1.8%
1Y
23.6%
COF
US$182.04
Capital One Financial
7D
-0.6%
1Y
-7.9%
Narrative Update • Jun 10

COF: Discover Integration And Synergy Potential Will Support Future Upside

Capital One Financial's updated analyst price target has edged lower by about $2 to approximately $306, as analysts balance slightly higher revenue growth and profit margin assumptions against a reduced future P/E and a series of mixed target changes across the Street. Analyst Commentary Recent research on Capital One Financial shows a mix of cautious and constructive views, with several firms adjusting price targets over a concentrated period.
MA
US$486.51
Mastercard
7D
1.0%
1Y
-17.4%
SPGI
US$413.34
S&P Global
7D
-1.6%
1Y
-18.3%
BRK.A
US$726,581.00
Berkshire Hathaway
7D
1.1%
1Y
-1.1%
AXP
US$318.49
American Express
7D
1.9%
1Y
6.9%
Narrative Update • Jun 09

AXP: Premium Franchise Strength And Competition Will Shape Returns Going Forward

Analysts kept the American Express fair value estimate steady at $285.00 while slightly adjusting the discount rate and revenue growth assumptions. This reflects mixed but generally constructive recent research that includes higher price targets from firms citing resilient spending trends, alongside more cautious updates from others focused on competition and valuation pressures.
V
US$319.05
Visa
7D
-0.4%
1Y
-14.1%
Narrative Update • Jun 09

V: Stablecoin And AI Initiatives Will Sustain Network Advantage Into New Partnerships

Visa's analyst price target has been nudged higher by about $0.09, with analysts citing slight adjustments in discount rates, revenue growth, profit margins, and expected future P/E as the basis for the change. Analyst Commentary Recent Street research on Visa shows a mix of fresh bullish initiations, target increases, and meaningful target cuts.
PGR
US$202.26
Progressive
7D
3.5%
1Y
-24.6%
Narrative Update • Jun 07

PGR: AI Expense Efficiencies Will Support Underwriting Discipline And Earnings Resilience

Analysts have nudged Progressive's implied fair value higher to about $291 from roughly $284, while slightly adjusting discount rate, revenue growth, profit margin and future P/E assumptions, citing mixed recent earnings trends and growing interest in the company's potential role in the emerging AI economy. Analyst Commentary Recent Street research on Progressive shows a mix of higher and lower price targets, with several bullish analysts highlighting the company's potential earnings power and role in the developing use of AI across insurance.
C
US$138.07
Citigroup
7D
2.2%
1Y
76.5%
Narrative Update • Jun 07

C: Transformation And Capital Returns Will Support Higher Share Price Ahead

Analysts have adjusted their Citigroup price target from $150.00 to $167.09, reflecting updated assumptions around revenue growth, profit margins, and future P/E expectations. What's in the News CEO Jane Fraser's five year transformation has focused on simplifying Citigroup, cutting management layers, exiting 14 markets, and committing to 20,000 job reductions.
MS
US$212.66
Morgan Stanley
7D
-2.6%
1Y
61.2%
PS
US$33.57
Pershing Square
7D
-12.4%
1Y
n/a