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U.S. Financials Sector Analysis

UpdatedJan 14, 2026
DataAggregated Company Financials
Companies1405
  • 7D-3.5%
  • 3M2.1%
  • 1Y12.7%
  • YTD-0.8%

Over the last 7 days, the Financials industry has dropped 3.5%, driven by declines in JPMorgan Chase and Visa of 7.1% and 8.3%, respectively. On the other hand Rocket Companies is actually up 7.3%. In the past year, the industry has gained 13%. Earnings are forecast to grow by 11% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 14 Jan 2026US$10.6tUS$3.2tUS$551.3b12.7x19.3x3.4x
Fri, 12 Dec 2025US$10.4tUS$3.2tUS$552.5b13x18.8x3.3x
Sun, 09 Nov 2025US$10.1tUS$3.2tUS$554.4b12.1x18.2x3.2x
Tue, 07 Oct 2025US$10.4tUS$3.3tUS$517.3b12.9x20.1x3.1x
Thu, 04 Sep 2025US$10.3tUS$3.3tUS$517.6b13x19.9x3.1x
Sat, 02 Aug 2025US$10.0tUS$3.0tUS$539.0b12.1x18.6x3.3x
Mon, 30 Jun 2025US$9.6tUS$3.0tUS$525.6b12.8x18.3x3.2x
Wed, 28 May 2025US$9.4tUS$3.0tUS$523.9b12.6x18x3.1x
Fri, 25 Apr 2025US$9.0tUS$3.0tUS$548.7b11.9x16.4x3x
Sun, 23 Mar 2025US$9.4tUS$3.0tUS$544.7b12.1x17.2x3.2x
Tue, 18 Feb 2025US$9.9tUS$3.0tUS$558.2b12.7x17.8x3.4x
Thu, 16 Jan 2025US$9.3tUS$2.9tUS$517.5b12.9x18x3.2x
Sat, 14 Dec 2024US$9.6tUS$2.9tUS$504.7b13.5x19x3.3x
Mon, 11 Nov 2024US$9.5tUS$2.9tUS$504.7b13.3x18.8x3.3x
Wed, 09 Oct 2024US$8.7tUS$2.8tUS$466.9b12.3x18.5x3.1x
Fri, 06 Sep 2024US$8.6tUS$2.8tUS$466.0b12.2x18.5x3.1x
Sun, 04 Aug 2024US$8.1tUS$2.8tUS$470.3b12x17.1x2.9x
Tue, 02 Jul 2024US$7.9tUS$2.8tUS$461.3b10.9x17.1x2.8x
Thu, 30 May 2024US$7.9tUS$2.8tUS$463.2b10.8x17x2.8x
Sat, 27 Apr 2024US$7.8tUS$2.7tUS$480.9b10.7x16.3x2.9x
Mon, 25 Mar 2024US$7.9tUS$2.7tUS$473.0b10.7x16.8x2.9x
Wed, 21 Feb 2024US$7.5tUS$2.7tUS$436.9b10.6x17.3x2.8x
Fri, 19 Jan 2024US$7.3tUS$2.7tUS$428.4b11.1x17x2.7x
Sun, 17 Dec 2023US$7.3tUS$2.7tUS$446.6b11.5x16.4x2.7x
Tue, 14 Nov 2023US$6.6tUS$2.7tUS$447.0b10.6x14.7x2.4x
Thu, 12 Oct 2023US$6.5tUS$2.7tUS$431.0b10.2x15.2x2.5x
Sat, 09 Sep 2023US$6.7tUS$2.7tUS$430.7b10.5x15.5x2.5x
Mon, 07 Aug 2023US$6.9tUS$2.6tUS$349.2b11.1x19.6x2.6x
Wed, 05 Jul 2023US$6.6tUS$2.6tUS$342.9b10.7x19.2x2.5x
Fri, 02 Jun 2023US$6.2tUS$2.6tUS$342.7b10.3x18.1x2.4x
Sun, 30 Apr 2023US$6.4tUS$2.6tUS$320.2b10.3x20.1x2.5x
Tue, 28 Mar 2023US$6.2tUS$2.6tUS$319.5b10.7x19.3x2.4x
Thu, 23 Feb 2023US$5.7tUS$2.4tUS$334.9b11.7x17x2.4x
Sat, 21 Jan 2023US$5.7tUS$2.4tUS$362.4b11.6x15.6x2.3x
Price to Earnings Ratio

15.6x


Total Market Cap: US$5.7tTotal Earnings: US$362.4bTotal 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 3-year average PS ratio of 2.9x is lower than the industry's current PS ratio of 3.4x.
Past Earnings Growth
  • The earnings for companies in the Financials industry have grown 15% per year over the last three years.
  • Revenues for these companies have grown 9.3% 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 Market0.24%
Financials-3.47%
Mortgage REITs0.60%
Mortgage Finance0%0
Capital Markets-1.79%
Insurance-2.97%
Diversified Financial-3.83%
Banks-4.40%
Consumer Finance-6.97%
Industry PE
  • Investors are most optimistic about the Capital Markets industry, which is trading close to its 3-year average PE ratio of 25.6x.
    • Analysts are expecting annual earnings growth of 12.1%, which is lower than the prior year's growth of 15.6% per year.
  • Investors are most pessimistic about the Insurance industry, which is trading below its 3-year average of 18.7x.
Forecasted Growth
  • Analysts are most optimistic on the Mortgage REITs industry, expecting annual earnings growth of 35% over the next 5 years.
  • This is better than its past earnings decline of 6.6% per year.
  • In contrast, the Insurance industry is expected to see its earnings grow by 6.5% 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
RKT Rocket CompaniesUS$22.767.3%
+US$4.4b		105.4%PS10.5x
GPN Global PaymentsUS$77.470.6%
+US$3.5b		-28.3%PE13.3x
CBOE Cboe Global MarketsUS$266.776.7%
+US$1.7b		38.0%PE28.5x
BAP CredicorpUS$311.505.3%
+US$1.3b		65.8%PB2.3x
BK Bank of New York MellonUS$122.931.3%
+US$1.1b		61.9%PE16.2x

Latest News

MA
US$544.99
Mastercard
7D
-6.1%
1Y
7.1%
JPM
US$310.90
JPMorgan Chase
7D
-7.1%
1Y
25.6%
BK
US$122.93
Bank of New York Mellon
7D
1.3%
1Y
61.9%
C
US$116.30
Citigroup
7D
-5.1%
1Y
58.2%
COF
US$231.41
Capital One Financial
7D
-10.3%
1Y
25.3%
BAC
US$54.54
Bank of America
7D
-4.7%
1Y
19.1%

BAC: Durable Net Interest Income Tailwinds Will Support Future Capital Returns

Narrative Update Overview The analyst price target for Bank of America has moved higher from about US$59.65 to roughly US$62.11. Analysts attribute this change to stronger modeled revenue growth, a slightly lower discount rate, and higher future P/E assumptions.
GPN
US$77.47
Global Payments
7D
0.6%
1Y
-28.3%

GPN: Worldpay Integration And Buybacks Will Support Stronger Long Term Profile

Analysts have nudged their fair value estimate for Global Payments higher to $157.02 from $155.63, citing raised Street price targets and growing confidence that the Genius rollout and expected Worldpay synergies can support stronger growth and profitability on a lower future P/E base. Analyst Commentary Recent research has tilted more constructive on Global Payments, with several bullish analysts lifting price targets and initiating coverage at higher levels.
COIN
US$252.69
Coinbase Global
7D
0.9%
1Y
-1.0%

COIN: Rising ETF Competition Will Pressure Trading Fees And Future Profitability

Our analyst price target for Coinbase Global has moved up from about US$190 to roughly US$209 as analysts weigh stronger product momentum, expanding use cases like stock and ETF trading, and long term margin potential against recent price target trims tied to softer Q4 trading volumes and bitcoin ETF related revenue risks. Analyst Commentary Street research on Coinbase Global currently reflects a mix of enthusiasm for the product roadmap and caution around nearer term fundamentals, trading activity, and competition.
SPGI
US$542.16
S&P Global
7D
0.5%
1Y
11.9%
BAP
US$311.50
Credicorp
7D
5.3%
1Y
65.8%

BAP: Stable Margins And Revenue Outlook Will Support A Fair Future Profile

Analysts have slightly increased their price target for Credicorp to about US$301 from roughly US$301, reflecting small adjustments to fair value, discount rate, revenue growth, profit margin and future P/E assumptions. Valuation Changes Fair Value: Updated slightly to around US$300.99 from about US$300.95, indicating only a very small change in the model output.
AXP
US$358.00
American Express
7D
-6.7%
1Y
19.2%

AXP: Higher P/E Multiple Could Reward Solid Loan And Earnings Momentum

Analysts have lifted their blended price expectations for American Express, with the modelled fair value rising from about US$366.63 to US$462.00 as they factor in higher sector multiples, including a future P/E assumption of 26.66, as well as updated views on growth, margins and discount rates informed by recent price target increases across the specialty finance group. Analyst Commentary Recent Street research around American Express shows a cluster of higher price targets and rating moves that feed into the richer blended fair value used in the updated model.
WFC
US$93.56
Wells Fargo
7D
-2.9%
1Y
31.4%

WFC: Future Returns Will Reflect Fee Strength And Execution On ROTCE Targets

Analysts have raised their fair value estimate for Wells Fargo to $100.00 from $94.50. This change reflects updated price targets and views on revenue growth, profitability, and future P/E assumptions across recent research.
CBOE
US$266.77
Cboe Global Markets
7D
6.7%
1Y
38.0%

CBOE: Data Revenues And New Contracts Will Support Balanced Forward Outlook

The analyst price target for Cboe Global Markets has been raised by about US$6 per share, as analysts factor in recent target hikes from several firms along with updated assumptions for revenue trends, profit margins and future P/E multiples. Analyst Commentary Recent research paints a mixed but generally constructive picture of Cboe Global Markets, with several firms lifting their price targets while one trims estimates around fee capture.
V
US$327.88
Visa
7D
-8.3%
1Y
6.1%

V: Stablecoin Expansion And Cross Border Strength Will Sustain Defensible Network Moat

Analysts have made a modest upward adjustment to their fair value estimate for Visa to about US$395.85. This change is supported by recent initiations that highlight the company's network scale, central role in payments processing, and strong cross border trends as key factors for their higher price targets.
RKT
US$22.76
Rocket Companies
7D
7.3%
1Y
105.4%

RKT: Higher Future P/E Will Support Stronger Long Term Earnings Power

Analysts have raised their price target on Rocket Companies to US$25.00. The update reflects adjusted views on discount rates, revenue growth, profit margins and a higher future P/E assumption, which together reshape how they are valuing the stock today.
CPAY
US$331.09
Corpay
7D
4.2%
1Y
-7.6%

CPAY: Share Repurchases And Mastercard Stake Will Support Future Upside Potential

Narrative Update on Corpay Analysts have trimmed their Corpay price target to $342 from $380, reflecting slightly higher assumed discount rates, a modestly higher future P/E multiple, and ongoing concerns that stablecoin related pressure on growth and margins could linger for the next few quarters despite a "nice beat and raise" in Q3. Analyst Commentary Recent commentary around Corpay highlights a mix of confidence in execution and caution on valuation, with the reduced price target to $342 reflecting that balance.