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U.S. Financials Sector Analysis

UpdatedJan 10, 2026
DataAggregated Company Financials
Companies1409
  • 7D1.7%
  • 3M6.9%
  • 1Y17.9%
  • YTD1.7%

JPMorgan Chase is up 2.3%, leading the way for the Financials industry, which has gained 2.3%. In the same time, Progressive was down 6.4%. This means that the industry has gained 15% over the past year. As for the next few years, earnings are expected to grow by 11% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 10 Jan 2026US$10.7tUS$3.2tUS$551.9b12.9x19.4x3.4x
Mon, 08 Dec 2025US$10.3tUS$3.2tUS$552.6b12.5x18.6x3.3x
Wed, 05 Nov 2025US$10.0tUS$3.1tUS$548.4b12.1x18.3x3.2x
Fri, 03 Oct 2025US$10.3tUS$3.3tUS$517.2b12.8x19.9x3.1x
Sun, 31 Aug 2025US$10.4tUS$3.3tUS$518.1b13.1x20.1x3.1x
Tue, 29 Jul 2025US$10.2tUS$3.0tUS$533.2b12.7x19.2x3.4x
Thu, 26 Jun 2025US$9.7tUS$3.0tUS$525.6b12.6x18.5x3.2x
Sat, 24 May 2025US$9.5tUS$3.0tUS$523.9b12.4x18x3.1x
Mon, 21 Apr 2025US$8.8tUS$3.0tUS$550.8b11.4x16x3x
Wed, 19 Mar 2025US$9.3tUS$3.0tUS$545.3b12x17.1x3.1x
Fri, 14 Feb 2025US$9.8tUS$3.0tUS$556.4b12.7x17.7x3.3x
Sun, 12 Jan 2025US$9.1tUS$2.9tUS$503.2b12.4x18.1x3.1x
Tue, 10 Dec 2024US$9.8tUS$2.9tUS$504.8b13.6x19.3x3.4x
Thu, 07 Nov 2024US$9.0tUS$2.9tUS$505.8b13.6x17.7x3.1x
Sat, 05 Oct 2024US$8.6tUS$2.8tUS$467.0b12.4x18.5x3x
Mon, 02 Sep 2024US$8.7tUS$2.8tUS$466.0b12.6x18.7x3.1x
Wed, 31 Jul 2024US$8.4tUS$2.8tUS$467.9b12.5x17.9x3x
Fri, 28 Jun 2024US$7.9tUS$2.8tUS$463.0b10.7x17x2.8x
Sun, 26 May 2024US$8.0tUS$2.8tUS$463.2b10.9x17.2x2.9x
Tue, 23 Apr 2024US$7.7tUS$2.7tUS$474.4b10.5x16.3x2.8x
Thu, 21 Mar 2024US$7.8tUS$2.7tUS$473.0b10.7x16.6x2.9x
Sat, 17 Feb 2024US$7.6tUS$2.7tUS$435.6b10.6x17.5x2.8x
Mon, 15 Jan 2024US$7.4tUS$2.7tUS$445.3b11.2x16.5x2.7x
Wed, 13 Dec 2023US$7.1tUS$2.7tUS$446.6b11x16x2.6x
Fri, 10 Nov 2023US$6.5tUS$2.7tUS$447.1b10.6x14.6x2.4x
Sun, 08 Oct 2023US$6.5tUS$2.7tUS$430.9b10.3x15x2.4x
Tue, 05 Sep 2023US$6.8tUS$2.7tUS$434.9b10.8x15.7x2.6x
Thu, 03 Aug 2023US$6.8tUS$2.6tUS$345.1b11.1x19.6x2.6x
Sat, 01 Jul 2023US$6.5tUS$2.6tUS$342.8b10.5x19.1x2.5x
Mon, 29 May 2023US$6.2tUS$2.6tUS$341.1b10.4x18.2x2.4x
Wed, 26 Apr 2023US$6.3tUS$2.6tUS$329.6b10.2x19.2x2.4x
Fri, 24 Mar 2023US$6.1tUS$2.6tUS$319.5b10.5x19.1x2.4x
Sun, 19 Feb 2023US$5.8tUS$2.4tUS$340.2b11.8x17.1x2.4x
Tue, 17 Jan 2023US$5.8tUS$2.4tUS$367.2b11.7x15.7x2.4x
Price to Earnings Ratio

15.7x


Total Market Cap: US$5.8tTotal Earnings: US$367.2bTotal Revenue: US$2.4tTotal 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 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 Market1.82%
Financials1.67%
Capital Markets2.13%
Mortgage REITs2.04%
Diversified Financial1.87%
Consumer Finance1.66%
Banks1.61%
Insurance0.39%
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 25.6x.
    • 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
MA MastercardUS$575.542.2%
+US$11.1b		14.0%PE36.3x
JPM JPMorgan ChaseUS$329.191.1%
+US$10.1b		37.2%PB2.6x
RKT Rocket CompaniesUS$23.2917.2%
+US$9.6b		126.6%PS10.8x
SPGI S&P GlobalUS$541.945.7%
+US$8.9b		12.3%PE38.9x
GS Goldman Sachs GroupUS$938.982.7%
+US$7.7b		67.7%PE18.7x

Latest News

MCO
US$531.61
Moody's
7D
6.5%
1Y
17.4%
SPGI
US$541.94
S&P Global
7D
5.7%
1Y
12.3%
MET
US$79.41
MetLife
7D
-1.1%
1Y
-1.0%
JPM
US$329.19
JPMorgan Chase
7D
1.1%
1Y
37.2%
BX
US$157.62
Blackstone
7D
-0.7%
1Y
-4.4%
MS
US$186.32
Morgan Stanley
7D
2.4%
1Y
50.9%
CB
US$306.81
Chubb
7D
-1.0%
1Y
19.1%
GS
US$938.98
Goldman Sachs Group
7D
2.7%
1Y
67.7%
V
US$349.77
Visa
7D
0.9%
1Y
13.7%

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.
AIG
US$75.43
American International Group
7D
-10.5%
1Y
7.0%
TRV
US$281.96
Travelers Companies
7D
-1.1%
1Y
21.3%

TRV: Underwriting Execution And Buybacks Will Offset Softening P And C Pricing

Analysts made only a marginal trim to Travelers Companies' modeled fair value, from about $297.10 to $296.95. A mix of higher and lower Street price targets, along with updated views on underwriting trends and pricing conditions across property and casualty lines, fed into a slightly adjusted long term P/E assumption and earnings outlook.
RKT
US$23.29
Rocket Companies
7D
17.2%
1Y
126.6%

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.
MA
US$575.54
Mastercard
7D
2.2%
1Y
14.0%
CME
US$262.45
CME Group
7D
-2.7%
1Y
14.5%

CME: Fee Resilience And Prediction Markets Will Balance Lower Volatility Risks

Analysts have nudged their average price target on CME Group modestly higher, to approximately $287 from about $286, citing the company’s resilient fee-based revenue mix, strong competitive moat in futures and options, and supportive demand signals from prediction market partnerships despite some conflicting views on near term volume volatility. Analyst Commentary Recent Street research presents a mixed but generally constructive view on CME Group, with upward moves in price targets tempered by concerns around volume sensitivity and valuation risk if volatility normalizes.
BAC
US$55.85
Bank of America
7D
-0.2%
1Y
23.8%

BAC: Future Capital Returns And Macro Tailwinds Will Support Balanced Risk Reward Outlook

Analysts have nudged our Bank of America fair value estimate higher to approximately $59.65 from about $58.98. This reflects a series of upward price target revisions that highlight solid revenue growth, improved net interest income expectations, and one of the more attractive risk and reward profiles among large universal banks.
SCHW
US$100.17
Charles Schwab
7D
-1.4%
1Y
37.7%

SCHW: Forge Global Deal And Capital Returns Will Shape Balanced Forward Outlook

Analysts have nudged their average price target for Charles Schwab modestly higher, lifting fair value by about $1 to roughly $113. They cite a string of Q3-driven target increases that highlight stronger than expected earnings momentum, improving net interest dynamics, and a growing outlook for capital returns.