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U.S. Financials Sector Analysis

UpdatedApr 15, 2026
DataAggregated Company Financials
Companies1390
  • 7D4.1%
  • 3M-4.6%
  • 1Y11.6%
  • YTD-5.3%

Over the last 7 days, the Financials industry has risen 3.7%, driven by gains from JPMorgan Chase of 4.6%. This means that the industry has gained 12% over the past year. Looking forward, earnings are forecast to grow by 9.0% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 15 Apr 2026US$9.9tUS$3.3tUS$562.4b13.3x17.5x3x
Fri, 13 Mar 2026US$9.5tUS$3.3tUS$563.3b11.8x16.8x2.9x
Sun, 08 Feb 2026US$10.4tUS$3.3tUS$569.1b12.8x18.2x3.2x
Tue, 06 Jan 2026US$10.8tUS$3.2tUS$551.9b12.8x19.5x3.4x
Thu, 04 Dec 2025US$10.2tUS$3.2tUS$552.6b12.5x18.4x3.2x
Sat, 01 Nov 2025US$10.0tUS$3.1tUS$542.7b12x18.5x3.2x
Mon, 29 Sep 2025US$10.4tUS$3.3tUS$517.7b13x20.1x3.1x
Wed, 27 Aug 2025US$10.3tUS$3.3tUS$517.7b13.1x19.8x3.1x
Fri, 25 Jul 2025US$10.2tUS$3.0tUS$532.1b12.9x19.1x3.4x
Sun, 22 Jun 2025US$9.4tUS$3.0tUS$525.5b12.3x18x3.1x
Tue, 20 May 2025US$9.7tUS$3.0tUS$523.5b12.8x18.6x3.2x
Thu, 17 Apr 2025US$8.9tUS$3.0tUS$541.9b11.4x16.5x3x
Sat, 15 Mar 2025US$9.0tUS$3.0tUS$553.2b11.9x16.2x3x
Mon, 10 Feb 2025US$10.0tUS$3.0tUS$554.0b12.6x18x3.4x
Wed, 08 Jan 2025US$9.4tUS$2.9tUS$505.8b12.7x18.5x3.2x
Fri, 06 Dec 2024US$9.7tUS$2.9tUS$504.7b13.6x19.3x3.3x
Sun, 03 Nov 2024US$8.9tUS$2.9tUS$472.6b12.6x18.9x3.1x
Tue, 01 Oct 2024US$8.7tUS$2.8tUS$466.5b12.5x18.6x3.1x
Thu, 29 Aug 2024US$8.6tUS$2.8tUS$465.9b12.5x18.4x3x
Sat, 27 Jul 2024US$8.2tUS$2.8tUS$465.3b12.5x17.7x2.9x
Mon, 24 Jun 2024US$7.9tUS$2.8tUS$463.0b10.5x17x2.8x
Wed, 22 May 2024US$8.0tUS$2.8tUS$463.2b11x17.4x2.9x
Fri, 19 Apr 2024US$7.6tUS$2.7tUS$474.3b10.4x16.1x2.8x
Sun, 17 Mar 2024US$7.8tUS$2.7tUS$473.0b10.5x16.4x2.9x
Tue, 13 Feb 2024US$7.5tUS$2.7tUS$431.8b10.6x17.4x2.8x
Thu, 11 Jan 2024US$7.4tUS$2.7tUS$447.7b11.3x16.5x2.7x
Sat, 09 Dec 2023US$7.0tUS$2.7tUS$446.5b11x15.7x2.6x
Mon, 06 Nov 2023US$6.6tUS$2.7tUS$448.0b10.8x14.7x2.5x
Wed, 04 Oct 2023US$6.5tUS$2.7tUS$430.9b10.2x15x2.4x
Fri, 01 Sep 2023US$6.8tUS$2.7tUS$435.0b10.7x15.6x2.5x
Sun, 30 Jul 2023US$6.9tUS$2.6tUS$350.9b11.2x19.5x2.6x
Tue, 27 Jun 2023US$6.3tUS$2.6tUS$341.2b10.4x18.6x2.4x
Thu, 25 May 2023US$6.2tUS$2.6tUS$341.5b10.3x18.1x2.4x
Sat, 22 Apr 2023US$6.5tUS$2.6tUS$323.5b10.5x20x2.5x
Price to Earnings Ratio

20x


Total Market Cap: US$6.5tTotal Earnings: US$323.5bTotal Revenue: US$2.6tTotal 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 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 20% per year over the last three years.
  • Revenues for these companies have grown 8.6% 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 Market4.44%
Financials4.14%
Consumer Finance8.04%
Capital Markets6.21%
Mortgage REITs5.36%
Banks4.52%
Diversified Financial2.40%
Insurance1.39%
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 25.8x.
    • Analysts are expecting annual earnings growth of 11.5%, which is lower than the prior year's growth of 19.1% 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 3.8% 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$311.124.6%
+US$36.8b		33.5%PB2.4x
MS Morgan StanleyUS$183.348.9%
+US$23.6b		66.0%PE17.8x
BAC Bank of AmericaUS$53.356.1%
+US$21.9b		40.4%PB1.4x
C CitigroupUS$129.5810.6%
+US$21.3b		101.4%PB1.2x
V VisaUS$311.372.9%
+US$16.8b		-7.3%PE28.8x

Latest News

BLK
US$1,054.56
BlackRock
7D
10.0%
1Y
18.7%

BlackRock Is A Buy After Q1 Despite Private Credit Exposure

Apr 15
V
US$311.37
Visa
7D
2.9%
1Y
-7.3%
AXP
US$326.96
American Express
7D
6.5%
1Y
26.8%
CME
US$297.03
CME Group
7D
-4.4%
1Y
13.0%
C
US$129.58
Citigroup
7D
10.6%
1Y
101.4%

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Apr 14
GS
US$909.63
Goldman Sachs Group
7D
5.3%
1Y
79.1%

Goldman Sachs: Cloudy Near-Term Outlook, Still Bullish Long Term

Apr 14
JKHY
US$151.42
Jack Henry & Associates
7D
-4.4%
1Y
-13.0%

JKHY: 2027 Execution Confidence And Easing AI Fears Will Drive Multiple Re Rating

Jack Henry & Associates' analyst price target has been fine tuned, with the fair value estimate edging from $203.21 to $202.13 as analysts factor in updated views on revenue growth, profit margins, and long term P/E expectations, alongside a series of recent bullish initiations and upgrades. Analyst Commentary Recent research has tilted positive, with several firms raising ratings or targets as they reassess Jack Henry & Associates' growth profile, profit outlook, and valuation multiples built into long term models.
ICE
US$162.04
Intercontinental Exchange
7D
-2.6%
1Y
1.3%

ICE: Digital Asset Expansion And New Clearing Services Will Drive Future Upside

Intercontinental Exchange's fair value estimate has increased slightly to about $197.87 per share from $197.21, as analysts factor in slightly stronger revenue growth and profit margin assumptions, along with a modestly lower future P/E expectation and discount rate, following a mix of recent price target raises and trims. Analyst Commentary Recent Street research on Intercontinental Exchange has been active, with several firms adjusting price targets and one upgrade in rating.
SPGI
US$425.24
S&P Global
7D
-1.1%
1Y
-9.7%

SPGI: AI Competition Concerns Will Shape Future Earnings Multiple

The analyst price target for S&P Global has been revised lower to $556, reflecting a broader wave of target cuts across the Street as analysts factor in a slightly lower discount rate, modestly adjusted long term growth and margin assumptions, and heightened competitive concerns around data and AI. Analyst Commentary Street research on S&P Global has turned more cautious overall, with several firms trimming price targets while still recognizing the company’s scale in ratings, data, and index services.
JPM
US$311.12
JPMorgan Chase
7D
4.6%
1Y
33.5%

JPMorgan Chase: Earnings Offer Catalyst Opportunity For Shares

Apr 09
CB
US$325.74
Chubb
7D
-0.5%
1Y
14.4%

CB: Dividends And Buybacks Will Sustain A Stable Fairly Valued Profile

Analysts have nudged their price target for Chubb slightly higher to about $342 from roughly $339. This reflects small model updates around revenue trends, profit margins, the discount rate, and forward P/E assumptions.
MS
US$183.34
Morgan Stanley
7D
8.9%
1Y
66.0%

Morgan Stanley Stock Outlook: Why The Bull Case Still Holds

Apr 09
BAC
US$53.35
Bank of America
7D
6.1%
1Y
40.4%

BAC: Private Credit Expansion And Expense Discipline Will Support Future Returns

Bank of America's analyst price target has been trimmed by about $1 to $60.42, as analysts adjust fair value, discount rate and P/E assumptions while balancing a mix of recent target cuts and upgrades across major firms. Analyst Commentary Recent Street research on Bank of America reflects a split view, with several firms cutting price targets while others issue upgrades or initiate coverage with constructive ratings.
ACGL
US$96.20
Arch Capital Group
7D
-0.7%
1Y
4.0%

ACGL: Share Repurchases And Strong Margins Will Drive Future Returns

Narrative Update on Arch Capital Group The updated analyst fair value estimate for Arch Capital Group has increased by about $3 to $109.84. Analysts attribute this change to slightly higher expected profitability, a modestly higher discount rate, and a lower future P/E following recent price target increases across several research firms.
WRB
US$65.99
W. R. Berkley
7D
-1.0%
1Y
-3.5%

W. R. Berkley's Baby Bonds: Investment-Grade Income At A Discount

Apr 07
TW
US$121.43
Tradeweb Markets
7D
-2.7%
1Y
-9.1%

TW: Record Volumes And New Partnerships Will Support Further Upside

Analysts have nudged their fair value estimate for Tradeweb Markets higher from about $127.08 to roughly $132.31, citing updated assumptions for discount rate, revenue growth, profit margin, and future P/E that feed into their price target work. What's in the News Reported February 2026 production results with total trading volume of $61.8 trillion and average daily volume of $3.1 trillion, with ADV described as 23.4% higher year over year (Announcement of Operating Results).