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U.S. Financials Sector Analysis

UpdatedFeb 21, 2026
DataAggregated Company Financials
Companies1426
  • 7D1.0%
  • 3M1.7%
  • 1Y4.1%
  • YTD-4.4%

The Financials industry is up 1.0% in the last week, with JPMorgan Chase up 2.7%. This takes the industry's 12 month performance to a gain of 4.1%. Earnings are forecast to grow by 10% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 21 Feb 2026US$10.0tUS$3.3tUS$564.9b12.6x17.7x3x
Mon, 19 Jan 2026US$10.5tUS$3.2tUS$553.3b12.8x18.9x3.3x
Wed, 17 Dec 2025US$10.5tUS$3.2tUS$552.5b12.9x19x3.3x
Fri, 14 Nov 2025US$10.3tUS$3.2tUS$552.4b12.1x18.6x3.3x
Sun, 12 Oct 2025US$10.0tUS$3.3tUS$517.4b12.5x19.4x3x
Tue, 09 Sep 2025US$10.2tUS$3.3tUS$517.7b13.1x19.8x3.1x
Thu, 07 Aug 2025US$9.9tUS$3.1tUS$516.8b12.2x19.2x3.3x
Sat, 05 Jul 2025US$10.1tUS$3.0tUS$524.9b13.3x19.2x3.3x
Mon, 02 Jun 2025US$9.6tUS$3.0tUS$525.5b12.5x18.2x3.2x
Wed, 30 Apr 2025US$9.1tUS$3.0tUS$547.2b12.2x16.7x3.1x
Fri, 28 Mar 2025US$9.5tUS$3.0tUS$544.7b12.3x17.5x3.2x
Sun, 23 Feb 2025US$9.7tUS$3.0tUS$564.0b12.3x17.1x3.3x
Tue, 21 Jan 2025US$9.7tUS$2.9tUS$535.0b13x18.1x3.3x
Thu, 19 Dec 2024US$9.5tUS$2.9tUS$504.6b13x18.8x3.3x
Sat, 16 Nov 2024US$9.6tUS$2.9tUS$504.6b13.5x19x3.3x
Mon, 14 Oct 2024US$8.9tUS$2.8tUS$466.4b12.6x19.1x3.1x
Wed, 11 Sep 2024US$8.5tUS$2.8tUS$465.9b12.2x18.3x3x
Fri, 09 Aug 2024US$7.9tUS$2.8tUS$465.1b11.8x17x2.8x
Sun, 07 Jul 2024US$7.9tUS$2.8tUS$461.2b10.8x17.2x2.9x
Tue, 04 Jun 2024US$8.0tUS$2.8tUS$463.2b10.8x17.2x2.9x
Thu, 02 May 2024US$7.7tUS$2.7tUS$480.2b10.8x16.1x2.8x
Sat, 30 Mar 2024US$8.1tUS$2.7tUS$475.0b10.9x17x3x
Mon, 26 Feb 2024US$7.7tUS$2.7tUS$437.5b10.7x17.6x2.8x
Wed, 24 Jan 2024US$7.5tUS$2.7tUS$425.1b11.6x17.6x2.8x
Fri, 22 Dec 2023US$7.3tUS$2.7tUS$446.7b11.5x16.3x2.7x
Sun, 19 Nov 2023US$6.8tUS$2.7tUS$446.7b10.7x15.1x2.5x
Tue, 17 Oct 2023US$6.5tUS$2.7tUS$436.9b10.2x15x2.4x
Thu, 14 Sep 2023US$6.8tUS$2.7tUS$430.8b10.4x15.7x2.5x
Sat, 12 Aug 2023US$6.8tUS$2.7tUS$429.8b11.1x15.9x2.6x
Mon, 10 Jul 2023US$6.5tUS$2.6tUS$342.9b10.6x19x2.5x
Wed, 07 Jun 2023US$6.4tUS$2.6tUS$341.1b10.6x18.8x2.5x
Fri, 05 May 2023US$6.1tUS$2.6tUS$318.3b10x19.1x2.4x
Sun, 02 Apr 2023US$6.3tUS$2.6tUS$318.6b10.8x19.8x2.5x
Tue, 28 Feb 2023US$5.7tUS$2.4tUS$330.6b11.7x17.2x2.4x
Price to Earnings Ratio

17.2x


Total Market Cap: US$5.7tTotal Earnings: US$330.6bTotal 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 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 11% 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 Market0.99%
Financials1.02%
Banks1.93%
Consumer Finance1.17%
Insurance1.06%
Diversified Financial0.70%
Capital Markets0.37%
Mortgage Finance0%0
Mortgage REITs-0.48%
Industry PE
  • Investors are most optimistic about the Capital Markets industry, which is trading close to its 3-year average PE ratio of 25.7x.
    • Analysts expect its future annual earnings growth (12.9%) to be largely in line with prior year's earnings growth.
  • Investors are most pessimistic about the Mortgage REITs industry, which is trading below its 3-year average of 19.8x.
Forecasted Growth
  • Analysts are most optimistic on the Consumer Finance industry, expecting annual earnings growth of 19% over the next 5 years.
  • However this is lower than its past earnings growth rate of 30% per year.
  • In contrast, the Insurance industry is expected to see its earnings grow by 4.3% 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$310.792.7%
+US$22.2b		17.6%PB2.4x
V VisaUS$320.952.2%
+US$13.1b		-7.9%PE29.7x
C CitigroupUS$116.004.6%
+US$9.0b		45.6%PB1.1x
MA MastercardUS$526.411.6%
+US$7.2b		-5.6%PE31.4x
MS Morgan StanleyUS$175.412.5%
+US$6.7b		33.2%PE17.1x

Latest News

V
US$320.95
Visa
7D
2.2%
1Y
-7.9%
KLAR
US$13.08
Klarna Group
7D
-27.8%
1Y
n/a
JPM
US$310.79
JPMorgan Chase
7D
2.7%
1Y
17.6%
COF
US$208.42
Capital One Financial
7D
0.5%
1Y
4.1%
C
US$116.00
Citigroup
7D
4.6%
1Y
45.6%
BX
US$121.27
Blackstone
7D
-6.6%
1Y
-23.4%
MS
US$175.41
Morgan Stanley
7D
2.5%
1Y
33.2%
ARES
US$123.16
Ares Management
7D
-8.0%
1Y
-29.3%
RKT
US$17.98
Rocket Companies
7D
-3.7%
1Y
35.7%

RKT: Lower Discount Rate Will Support Stable And Undervalued Outlook

Analysts have maintained their fair value estimate for Rocket Companies at $21.57, with only minor tweaks to inputs, such as a slightly lower discount rate, marginally adjusted revenue growth and profit margin assumptions, and a small change in the future P/E, resulting in no material change to the overall price target view. Valuation Changes Fair Value: Unchanged at $21.57, reflecting a stable overall valuation view.
MA
US$526.41
Mastercard
7D
1.6%
1Y
-5.6%
BRK.A
US$746,500.01
Berkshire Hathaway
7D
-0.7%
1Y
3.9%

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AMG
US$287.69
Affiliated Managers Group
7D
-12.8%
1Y
73.1%
GS
US$922.24
Goldman Sachs Group
7D
1.9%
1Y
47.4%
APO
US$119.72
Apollo Global Management
7D
-4.3%
1Y
-20.5%
WFC
US$88.70
Wells Fargo
7D
2.0%
1Y
14.5%
AXP
US$346.18
American Express
7D
2.6%
1Y
17.2%