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U.S. Financials Sector Analysis

UpdatedApr 25, 2026
DataAggregated Company Financials
Companies1399
  • 7D-2.0%
  • 3M-3.6%
  • 1Y8.7%
  • YTD-5.8%

In the last week, the Financials industry is down 2.0% with Mastercard down the most at 3.3%. Over the past 12 months, the industry was up 8.7%. Earnings are forecast to grow by 8.8% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 25 Apr 2026US$9.9tUS$3.3tUS$579.8b13x17.1x3x
Mon, 23 Mar 2026US$9.3tUS$3.3tUS$562.8b11.9x16.6x2.8x
Wed, 18 Feb 2026US$9.9tUS$3.3tUS$564.9b12.6x17.6x3x
Fri, 16 Jan 2026US$10.4tUS$3.2tUS$553.2b12.9x18.8x3.3x
Sun, 14 Dec 2025US$10.5tUS$3.2tUS$552.5b12.9x19.1x3.3x
Tue, 11 Nov 2025US$10.1tUS$3.2tUS$554.3b12.1x18.2x3.2x
Thu, 09 Oct 2025US$10.4tUS$3.3tUS$517.3b12.9x20x3.1x
Sat, 06 Sep 2025US$10.4tUS$3.3tUS$517.7b13x20.1x3.1x
Mon, 04 Aug 2025US$9.9tUS$3.0tUS$538.8b12.1x18.3x3.2x
Wed, 02 Jul 2025US$9.8tUS$3.0tUS$525.6b12.8x18.7x3.3x
Fri, 30 May 2025US$9.5tUS$3.0tUS$525.4b12.5x18.1x3.2x
Sun, 27 Apr 2025US$9.1tUS$3.0tUS$548.1b11.9x16.6x3x
Tue, 25 Mar 2025US$9.4tUS$3.0tUS$544.7b12.4x17.2x3.2x
Thu, 20 Feb 2025US$9.9tUS$3.0tUS$558.2b12.8x17.8x3.4x
Sat, 18 Jan 2025US$9.6tUS$2.9tUS$535.4b13x17.9x3.3x
Mon, 16 Dec 2024US$9.6tUS$2.9tUS$504.7b13.5x19x3.3x
Wed, 13 Nov 2024US$9.7tUS$2.9tUS$504.6b13.6x19.1x3.3x
Fri, 11 Oct 2024US$8.8tUS$2.8tUS$466.9b12.3x18.8x3.1x
Sun, 08 Sep 2024US$8.4tUS$2.8tUS$465.9b12.1x18.1x3x
Tue, 06 Aug 2024US$8.1tUS$2.8tUS$470.3b11.6x17.1x2.9x
Thu, 04 Jul 2024US$8.0tUS$2.8tUS$461.2b11x17.3x2.9x
Sat, 01 Jun 2024US$7.9tUS$2.8tUS$463.2b10.8x17x2.8x
Mon, 29 Apr 2024US$7.8tUS$2.7tUS$480.5b10.8x16.3x2.9x
Wed, 27 Mar 2024US$7.9tUS$2.7tUS$474.9b10.7x16.7x2.9x
Fri, 23 Feb 2024US$7.6tUS$2.7tUS$436.5b10.6x17.3x2.8x
Sun, 21 Jan 2024US$7.4tUS$2.7tUS$426.0b11.4x17.3x2.7x
Tue, 19 Dec 2023US$7.3tUS$2.7tUS$446.6b11.5x16.4x2.7x
Thu, 16 Nov 2023US$6.7tUS$2.7tUS$446.8b10.8x15x2.5x
Sat, 14 Oct 2023US$6.5tUS$2.7tUS$436.7b10.1x14.8x2.4x
Mon, 11 Sep 2023US$6.5tUS$2.7tUS$430.7b10.5x15.2x2.5x
Wed, 09 Aug 2023US$6.9tUS$2.7tUS$430.9b11.1x16x2.6x
Fri, 07 Jul 2023US$6.5tUS$2.6tUS$342.9b10.5x18.9x2.5x
Sun, 04 Jun 2023US$6.4tUS$2.6tUS$341.0b10.5x18.6x2.5x
Tue, 02 May 2023US$6.4tUS$2.6tUS$320.1b10.2x20x2.5x
Price to Earnings Ratio

20x


Total Market Cap: US$6.4tTotal Earnings: US$320.1bTotal 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 9.0% 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 Market0.35%
Financials-2.01%
Mortgage REITs0.039%
Mortgage Finance0%0
Capital Markets-1.75%
Insurance-1.78%
Banks-1.91%
Diversified Financial-2.03%
Consumer Finance-4.72%
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 11.3%, which is lower than the prior year's growth of 20.1% 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 3.2% 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
MSCI MSCIUS$592.694.2%
+US$1.6b		10.7%PE32.7x
STT State StreetUS$150.743.7%
+US$1.5b		72.5%PE14.8x
SEIC SEI InvestmentsUS$88.8411.3%
+US$940.9m		13.0%PE14.5x
WRB W. R. BerkleyUS$66.53-0.4%
US$920.7m		-5.6%PE13.8x
NTRS Northern TrustUS$164.013.0%
+US$853.9m		79.1%PE16.8x

Latest News

NDAQ
US$89.90
Nasdaq
7D
1.5%
1Y
19.3%
WRB
US$66.53
W. R. Berkley
7D
-0.4%
1Y
-5.6%
COF
US$191.39
Capital One Financial
7D
-7.3%
1Y
4.7%
PFG
US$99.34
Principal Financial Group
7D
3.3%
1Y
35.2%
STT
US$150.74
State Street
7D
3.7%
1Y
72.5%
SEIC
US$88.84
SEI Investments
7D
11.3%
1Y
13.0%
NTRS
US$164.01
Northern Trust
7D
3.0%
1Y
79.1%
FNF
US$52.33
Fidelity National Financial
7D
5.3%
1Y
-16.5%

FNF: Share Repurchases And Mortgage Tailwinds Will Support Future Upside

Analysts have trimmed the implied fair value for Fidelity National Financial by about $1 to $64.60, reflecting recent reductions to Street price targets. These include cuts of $4 and $9 that cite updated assumptions on the stock's future P/E and earnings power.
BAC
US$52.05
Bank of America
7D
-3.5%
1Y
31.1%

BAC: Private Credit Deployment And Cost Discipline Will Support Future Returns

Bank of America’s updated analyst price target edges higher to $62.72 from $60.42, reflecting a mix of recent target raises and cuts as analysts highlight modest adjustments to fair value, discount rate, revenue growth, profit margin, and future P/E assumptions. Analyst Commentary Recent Street research shows a mix of optimism and caution around Bank of America, with several firms lifting price targets and a few trimming them or adjusting ratings.
SCHW
US$88.50
Charles Schwab
7D
-4.1%
1Y
10.7%

SCHW: Higher Cash Returns And Crypto Expansion Are Expected To Support Upside

Analysts have trimmed the Charles Schwab fair value estimate by $3 to $115, citing updated views on revenue growth, profit margins, discount rates, and future P/E assumptions following a mixed series of recent price target changes across the Street. Analyst Commentary Recent Street research on Charles Schwab reflects a split view, with several target cuts offset by a handful of increases and a fresh positive rating.
C
US$127.98
Citigroup
7D
-3.2%
1Y
87.0%
MSCI
US$592.69
MSCI
7D
4.2%
1Y
10.7%
BRK.A
US$704,760.00
Berkshire Hathaway
7D
-1.0%
1Y
-11.4%

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

Apr 22
AXP
US$314.08
American Express
7D
-5.3%
1Y
18.6%

American Express (AXP): The Lifestyle Moat and the "Platinum Refresh" Pivot

American Express (AXP) , the premier lifestyle and payments giant, enters Wednesday, April 22, 2026 , standing as a pillar of resilience in a shifting consumer economy. Trading at $332.01 USD —a gain of 0.65% as the market prepares for tomorrow’s first-quarter earnings release—the stock remains a favorite of institutional titans like Warren Buffett.
MA
US$504.17
Mastercard
7D
-3.3%
1Y
-5.5%
V
US$309.42
Visa
7D
-2.4%
1Y
-7.7%

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.