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U.S. Financials Sector Analysis

UpdatedDec 25, 2025
DataAggregated Company Financials
Companies1406
  • 7D2.2%
  • 3M3.5%
  • 1Y13.2%
  • YTD14.9%

Over the last 7 days, the Financials industry has risen 2.2%, driven by gains from JPMorgan Chase of 4.5%. This takes the industry's 12 month performance to a gain of 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
Thu, 25 Dec 2025US$10.7tUS$3.2tUS$552.6b12.9x19.3x3.4x
Sat, 22 Nov 2025US$9.8tUS$3.2tUS$553.5b12.1x17.6x3.1x
Mon, 20 Oct 2025US$10.0tUS$3.1tUS$528.9b12.4x18.9x3.2x
Wed, 17 Sep 2025US$10.4tUS$3.3tUS$517.5b12.9x20x3.1x
Fri, 15 Aug 2025US$10.2tUS$3.3tUS$517.2b12.7x19.7x3.1x
Sun, 13 Jul 2025US$9.7tUS$3.0tUS$524.9b13.2x18.4x3.2x
Tue, 10 Jun 2025US$9.7tUS$3.0tUS$525.5b12.5x18.4x3.2x
Thu, 08 May 2025US$9.3tUS$3.0tUS$532.5b12.2x17.4x3.1x
Sat, 05 Apr 2025US$9.0tUS$3.0tUS$544.7b11.3x16.5x3x
Mon, 03 Mar 2025US$9.9tUS$3.0tUS$545.6b12.6x18.2x3.3x
Wed, 29 Jan 2025US$9.9tUS$2.9tUS$541.8b12.8x18.2x3.4x
Fri, 27 Dec 2024US$9.5tUS$2.9tUS$505.1b13.2x18.7x3.2x
Sun, 24 Nov 2024US$9.8tUS$2.9tUS$504.7b13.8x19.5x3.4x
Tue, 22 Oct 2024US$9.1tUS$2.8tUS$471.1b12.5x19.4x3.2x
Thu, 19 Sep 2024US$8.7tUS$2.8tUS$466.2b12.6x18.6x3.1x
Sat, 17 Aug 2024US$8.3tUS$2.8tUS$466.2b12.1x17.9x2.9x
Mon, 15 Jul 2024US$8.1tUS$2.8tUS$465.3b11.2x17.4x2.9x
Wed, 12 Jun 2024US$7.9tUS$2.8tUS$463.2b10.6x17x2.8x
Fri, 10 May 2024US$7.9tUS$2.8tUS$463.8b10.9x17.1x2.8x
Sun, 07 Apr 2024US$8.0tUS$2.7tUS$475.0b10.7x16.8x2.9x
Tue, 05 Mar 2024US$7.7tUS$2.7tUS$472.4b10.6x16.3x2.8x
Thu, 01 Feb 2024US$7.6tUS$2.7tUS$425.4b12x18x2.8x
Sat, 30 Dec 2023US$7.5tUS$2.7tUS$446.8b11.5x16.7x2.8x
Mon, 27 Nov 2023US$6.9tUS$2.7tUS$446.4b10.6x15.4x2.5x
Wed, 25 Oct 2023US$6.3tUS$2.7tUS$435.9b10x14.4x2.3x
Fri, 22 Sep 2023US$6.6tUS$2.7tUS$430.8b10.4x15.4x2.5x
Sun, 20 Aug 2023US$6.6tUS$2.7tUS$431.0b10.7x15.4x2.5x
Tue, 18 Jul 2023US$6.7tUS$2.6tUS$349.9b10.9x19.1x2.6x
Thu, 15 Jun 2023US$6.4tUS$2.6tUS$341.2b10.6x18.9x2.5x
Sat, 13 May 2023US$6.2tUS$2.6tUS$341.1b10.1x18x2.4x
Mon, 10 Apr 2023US$6.3tUS$2.6tUS$318.4b10.8x19.6x2.4x
Wed, 08 Mar 2023US$5.6tUS$2.4tUS$308.6b11.6x18.2x2.4x
Fri, 03 Feb 2023US$5.9tUS$2.4tUS$352.6b11.8x16.7x2.4x
Sun, 01 Jan 2023US$5.5tUS$2.4tUS$369.1b11.5x14.8x2.3x
Price to Earnings Ratio

14.8x


Total Market Cap: US$5.5tTotal Earnings: US$369.1bTotal Revenue: US$2.4tTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Financials Sector Price to Earnings3Y Average 17.7x202320242025
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 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 14% 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 Market3.10%
Financials2.21%
Consumer Finance3.20%
Banks3.04%
Capital Markets2.85%
Mortgage REITs1.40%
Diversified Financial1.30%
Insurance0.73%
Mortgage Finance0%0
Industry PE
  • Investors are most optimistic about the Capital Markets industry, which is trading close to its 3-year average PE ratio of 25.5x.
    • Analysts are expecting annual earnings growth of 12.6%, which is lower than the prior year's growth of 17.4% per year.
  • Investors are most pessimistic about the Insurance industry, which is trading below its 3-year average of 18.8x.
Forecasted Growth
  • Analysts are most optimistic on the Mortgage REITs industry, expecting annual earnings growth of 36% 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 6.6% 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$329.174.5%
+US$38.6b		35.8%PB2.6x
V VisaUS$355.143.1%
+US$20.5b		10.8%PE34.2x
C CitigroupUS$121.569.1%
+US$18.1b		71.2%PB1.1x
MA MastercardUS$579.452.5%
+US$12.6b		8.2%PE36.5x
BAC Bank of AmericaUS$56.253.1%
+US$12.4b		26.7%PB1.5x

Latest News

KKR
US$130.78
KKR
7D
-1.0%
1Y
-14.3%
BAC
US$56.25
Bank of America
7D
3.1%
1Y
26.7%
COIN
US$239.73
Coinbase Global
7D
-1.8%
1Y
-14.3%
MET
US$81.05
MetLife
7D
-1.8%
1Y
-1.5%
V
US$355.14
Visa
7D
3.1%
1Y
10.8%

V: Stablecoin Expansion Will Sustain Durable Network Moat In Coming Years

Analysts have nudged their blended price target on Visa slightly lower by about $0.45 per share to roughly $395, as a modestly higher discount rate partially offsets improving expectations for revenue growth, profit margins, and the long term earnings multiple. This outlook is supported by recent Buy and Overweight initiations that highlight the company's network scale, brand strength, and favorable cross border and pricing trends.
MS
US$181.65
Morgan Stanley
7D
3.9%
1Y
43.0%

MS: Richer Multiple And Buybacks Will Likely Limit Future Return Potential

Analysts have raised their price target on Morgan Stanley from approximately 101 dollars to about 136 dollars. This reflects increased confidence in the bank's higher projected revenue growth, improved profit margins, and a modestly richer future price to earnings multiple, despite a slightly higher discount rate.
GS
US$910.78
Goldman Sachs Group
7D
4.4%
1Y
56.3%
C
US$121.56
Citigroup
7D
9.1%
1Y
71.2%
MA
US$579.45
Mastercard
7D
2.5%
1Y
8.2%

MA: Expanding Digital And Cross-Border Payments Will Drive Future Upside

Analysts have nudged our fair value estimate for Mastercard modestly higher to approximately $657 from about $656, citing a wave of rising Street price targets grounded in solid quarterly results, resilient spending trends, and the companys expanding role in high growth digital and cross border payments. Analyst Commentary Bullish analysts have highlighted Mastercard's strong execution and durable growth profile as key reasons for revising price targets higher, reinforcing the view that the company can sustain premium valuation multiples.
JPM
US$329.17
JPMorgan Chase
7D
4.5%
1Y
35.8%

JPM: Strong ROTCE And Loan Growth Are Expected To Drive Upside

Analysts have raised their fair value estimate for JPMorgan Chase to $375 from $350. This reflects increased confidence in stronger revenue growth, resilient profitability, and sustained post-earnings momentum that supports higher price targets across the Street.
PRU
US$114.55
Prudential Financial
7D
-1.0%
1Y
-3.9%
ERIE
US$284.00
Erie Indemnity
7D
-1.7%
1Y
-32.8%
SCHW
US$101.85
Charles Schwab
7D
5.4%
1Y
36.1%
FNF
US$54.98
Fidelity National Financial
7D
-1.6%
1Y
-3.3%
BRK.A
US$751,245.04
Berkshire Hathaway
7D
-0.6%
1Y
9.3%