Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

U.S. Financials Sector Analysis

UpdatedApr 12, 2026
DataAggregated Company Financials
Companies1387
  • 7D2.5%
  • 3M-8.3%
  • 1Y11.1%
  • YTD-7.5%

Over the last 7 days, the Financials industry has risen 2.5%, driven by gains from JPMorgan Chase of 5.2%. This takes the industry's 12 month performance to a gain of 11%. 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
Sun, 12 Apr 2026US$9.7tUS$3.3tUS$562.8b13.2x17.2x2.9x
Tue, 10 Mar 2026US$9.6tUS$3.3tUS$562.6b11.9x17.1x2.9x
Thu, 05 Feb 2026US$10.2tUS$3.3tUS$566.0b12.7x18.1x3.1x
Sat, 03 Jan 2026US$10.5tUS$3.2tUS$552.7b12.6x19x3.3x
Mon, 01 Dec 2025US$10.2tUS$3.2tUS$552.6b12.3x18.5x3.2x
Wed, 29 Oct 2025US$10.3tUS$3.1tUS$536.1b12.3x19.1x3.3x
Fri, 26 Sep 2025US$10.4tUS$3.3tUS$517.7b13x20.1x3.1x
Sun, 24 Aug 2025US$10.3tUS$3.3tUS$517.7b13.1x19.9x3.1x
Tue, 22 Jul 2025US$10.0tUS$3.0tUS$534.6b13.1x18.8x3.3x
Thu, 19 Jun 2025US$9.4tUS$3.0tUS$525.5b12.3x17.9x3.1x
Sat, 17 May 2025US$9.7tUS$3.0tUS$528.2b12.8x18.4x3.2x
Mon, 14 Apr 2025US$8.8tUS$3.0tUS$547.9b11.3x16x3x
Wed, 12 Mar 2025US$9.1tUS$3.0tUS$545.0b11.8x16.6x3.1x
Fri, 07 Feb 2025US$9.9tUS$3.0tUS$552.3b12.8x18x3.4x
Sun, 05 Jan 2025US$9.4tUS$2.9tUS$505.8b12.9x18.5x3.2x
Tue, 03 Dec 2024US$9.9tUS$2.9tUS$504.7b13.7x19.6x3.4x
Thu, 31 Oct 2024US$9.0tUS$2.9tUS$471.2b12.7x19.2x3.2x
Sat, 28 Sep 2024US$8.7tUS$2.8tUS$466.3b12.4x18.6x3.1x
Mon, 26 Aug 2024US$8.5tUS$2.8tUS$466.0b12.5x18.1x3x
Wed, 24 Jul 2024US$8.3tUS$2.8tUS$465.1b12.3x17.9x3x
Fri, 21 Jun 2024US$7.9tUS$2.8tUS$463.0b10.6x17x2.8x
Sun, 19 May 2024US$8.1tUS$2.8tUS$463.2b11x17.5x2.9x
Tue, 16 Apr 2024US$7.6tUS$2.7tUS$476.6b10.3x15.9x2.8x
Thu, 14 Mar 2024US$7.8tUS$2.7tUS$472.9b10.6x16.5x2.9x
Sat, 10 Feb 2024US$7.5tUS$2.7tUS$431.6b10.6x17.3x2.8x
Mon, 08 Jan 2024US$7.4tUS$2.7tUS$447.8b11.4x16.5x2.7x
Wed, 06 Dec 2023US$7.0tUS$2.7tUS$446.3b10.9x15.8x2.6x
Fri, 03 Nov 2023US$6.3tUS$2.7tUS$444.4b10.5x14.3x2.4x
Sun, 01 Oct 2023US$6.5tUS$2.7tUS$430.8b10.3x15.1x2.4x
Tue, 29 Aug 2023US$6.6tUS$2.7tUS$430.9b10.5x15.4x2.5x
Thu, 27 Jul 2023US$6.9tUS$2.6tUS$350.0b11.3x19.8x2.6x
Sat, 24 Jun 2023US$6.4tUS$2.6tUS$341.2b10.4x18.6x2.5x
Mon, 22 May 2023US$6.3tUS$2.6tUS$341.0b10.3x18.4x2.4x
Wed, 19 Apr 2023US$6.5tUS$2.6tUS$325.4b10.6x19.9x2.5x
Price to Earnings Ratio

19.9x


Total Market Cap: US$6.5tTotal Earnings: US$325.4bTotal 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 Market3.38%
Financials2.55%
Banks5.36%
Consumer Finance4.56%
Mortgage REITs3.10%
Capital Markets2.33%
Diversified Financial0.66%
Insurance0.17%
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$309.875.2%
+US$36.6b		31.2%PB2.4x
BAC Bank of AmericaUS$52.546.4%
+US$22.6b		46.1%PB1.4x
MS Morgan StanleyUS$177.647.1%
+US$18.7b		64.3%PE17.3x
C CitigroupUS$124.397.9%
+US$15.7b		101.8%PB1.1x
WFC Wells FargoUS$85.406.0%
+US$14.8b		36.6%PB1.6x

Latest News

AON
US$312.57
Aon
7D
-3.3%
1Y
-16.9%
CME
US$295.30
CME Group
7D
-3.2%
1Y
12.9%

CME: Volatility And New Contracts Will Shape Rare Earths And Crypto Volumes

The updated analyst price target for CME Group has moved higher by about $5 to $311.67. This change reflects analysts' use of a slightly lower discount rate, a modestly higher assumed revenue growth rate, and a marginally higher future P/E multiple, even as they factor in a small trim to projected profit margins.
NDAQ
US$83.16
Nasdaq
7D
-4.0%
1Y
16.3%

NDAQ: AI And Fintech Platform Durability Will Drive Re Rating Beyond 2026

Nasdaq's analyst fair value estimate has been reduced by about $3 to $106.87, as analysts modestly adjust assumptions for growth, margins, and future P/E, while still emphasizing the durability of its technology platform and AI exposure highlighted in recent research. Analyst Commentary Recent Street research on Nasdaq reflects a mix of optimism around the company’s platform and AI exposure, alongside a few more cautious tweaks to price targets and ratings.
JPM
US$309.87
JPMorgan Chase
7D
5.2%
1Y
31.2%

JPMorgan Chase: Earnings Offer Catalyst Opportunity For Shares

Apr 09
MS
US$177.64
Morgan Stanley
7D
7.1%
1Y
64.3%

Morgan Stanley Stock Outlook: Why The Bull Case Still Holds

Apr 09
FIS
US$43.37
Fidelity National Information Services
7D
-6.3%
1Y
-40.1%

FIS: Legal Resolution And New AI Offerings Will Support Future Cash Generation

Analysts have slightly reduced their average price target for Fidelity National Information Services to about $66. This change reflects modest adjustments to fair value estimates and discount rate assumptions rather than a major shift in the overall outlook.
BAC
US$52.54
Bank of America
7D
6.4%
1Y
46.1%

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.
COF
US$193.00
Capital One Financial
7D
6.1%
1Y
19.9%
MCO
US$427.41
Moody's
7D
-3.0%
1Y
-0.2%

Moody's: Big Buybacks Are Creating A Floor Price

Apr 08
C
US$124.39
Citigroup
7D
7.9%
1Y
101.8%

Citigroup Stock: Worth Buying Ahead Of Q1 Earnings

Apr 07
GS
US$907.80
Goldman Sachs Group
7D
5.2%
1Y
83.6%

GS: Buybacks And Dividend Stability Will Support Measured Long Term Upside Potential

Analysts have trimmed their price target on Goldman Sachs Group slightly, with updated assumptions around fair value of $945.45, discount rate, revenue growth, profit margin, and a future P/E of 16.81 helping explain the step down from $959.75. What's in the News Golar LNG Limited has started a formal review of strategic alternatives and appointed Goldman Sachs International as its financial advisor for the process, with the bank acting exclusively for Golar in this role (Key Developments).
APO
US$104.28
Apollo Global Management
7D
-2.6%
1Y
-17.2%
WFC
US$85.40
Wells Fargo
7D
6.0%
1Y
36.6%

WFC: Future Returns Will Reflect ROTCE Expansion And Capital Return Strength

The analyst price target for Wells Fargo has been trimmed slightly to align with a fair value estimate, moving from $100.52 to $99.30. Analysts are recalibrating assumptions for profit margins and sector P/E multiples, while still citing mixed but generally constructive research commentary across recent upgrades, downgrades, and target changes.
AXP
US$313.50
American Express
7D
4.4%
1Y
24.8%

AXP: Premium Margins And Rate Cap Threat Will Shape Forward P E

Analysts have made a modest upward adjustment to the American Express price target, with fair value moving by about $3 to $286.99 as they balance softer margin assumptions against slightly higher revenue growth expectations and a small uptick in the future P/E. Analyst Commentary Recent research on American Express reflects a split view, with some firms highlighting long term growth potential and others flagging risks around competition, regulation, and macro sensitivity.
SPGI
US$415.42
S&P Global
7D
-3.7%
1Y
-10.7%
MRSH
US$168.15
Marsh & McLennan Companies
7D
-3.7%
1Y
-27.9%

MRSH: Earnings Should Stay Resilient As AI Drives Broker Productivity

The analyst price target for Marsh & McLennan Companies has been trimmed slightly, with a modest reduction of around $1 per share as analysts factor in more tempered assumptions for revenue growth and profit margins, while still highlighting AI driven productivity potential and the resilience of the broker business model. Analyst Commentary Recent research suggests that views on Marsh & McLennan are split, with price targets moving both up and down as analysts reassess growth, margins, and the impact of AI on the broker model.