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U.S. Financials Sector Analysis

UpdatedMar 16, 2026
DataAggregated Company Financials
Companies1418
  • 7D-3.0%
  • 3M-11.0%
  • 1Y0.6%
  • YTD-11.3%

In the last week, the Financials industry is down 3.0% with Goldman Sachs Group down the most at 4.5%. As for the longer term, the industry's performance has been flat for 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
Tue, 17 Mar 2026US$9.3tUS$3.3tUS$563.4b11.8x16.5x2.8x
Thu, 12 Feb 2026US$10.3tUS$3.3tUS$567.9b12.5x18.1x3.1x
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
Price to Earnings Ratio

19.1x


Total Market Cap: US$6.1tTotal Earnings: US$319.5bTotal 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 21% per year over the last three years.
  • Revenues for these companies have grown 8.8% 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 Market-2.40%
Financials-2.98%
Mortgage Finance0%0
Insurance-1.83%
Mortgage REITs-2.74%
Consumer Finance-2.76%
Diversified Financial-2.92%
Banks-2.98%
Capital Markets-3.69%
Industry PE
  • Investors are most optimistic about the Capital Markets industry even though it's trading below its 3-year average PE ratio of 25.7x.
    • Analysts are expecting annual earnings growth of 12.9%, which is lower than the prior year's growth of 16.1% per year.
  • 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 17% over the next 5 years.
  • However this is lower than its past earnings growth rate of 33% 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
CB ChubbUS$330.121.8%
+US$2.0b		11.0%PE12.5x
C CitigroupUS$107.350.7%
+US$1.3b		53.5%PB1x
COIN Coinbase GlobalUS$203.321.8%
+US$932.2m		7.6%PE42.6x
FUTU Futu HoldingsUS$149.054.0%
+US$806.1m		27.3%PE14.3x
CBOE Cboe Global MarketsUS$291.782.2%
+US$655.2m		32.8%PE27.9x

Latest News

BRK.A
US$738,000.00
Berkshire Hathaway
7D
-1.0%
1Y
-6.0%
BAC
US$47.06
Bank of America
7D
-1.8%
1Y
13.6%
V
US$310.11
Visa
7D
-1.9%
1Y
-7.3%
GS
US$794.77
Goldman Sachs Group
7D
-4.5%
1Y
44.2%
JPM
US$286.16
JPMorgan Chase
7D
-1.3%
1Y
22.3%
MA
US$508.50
Mastercard
7D
-1.8%
1Y
-4.4%
BLSH
US$39.62
Bullish
7D
9.9%
1Y
n/a
CB
US$330.12
Chubb
7D
1.8%
1Y
11.0%

CB: Dividends And Buybacks Will Support A Stable Fairly Valued Outlook

Analysts have nudged their price target on Chubb slightly higher to about $338 from roughly $336, attributing the change to small adjustments in expected revenue trends, profit margins, and future P/E assumptions. What's in the News Chubb's Board of Directors plans to recommend at the 2026 Annual General Meeting an annual dividend of $4.08 per share, payable in four quarterly payments of $1.02 per share, compared with the current quarterly dividend of $0.97 per share.
COIN
US$203.32
Coinbase Global
7D
1.8%
1Y
7.6%

COIN: CLARITY Act Stablecoin Loophole Resolution Will Erode Future Fee Pools

Coinbase Global's analyst price target holds at $120 as analysts balance a wide range of recent target cuts and more cautious crypto assumptions with ongoing debate over regulatory outcomes and the company's longer term role in the sector. Analyst Commentary Recent research on Coinbase Global shows a wide gap between bullish and bearish views, with some firms trimming targets but staying constructive while others lean hard into caution on regulation, trading volumes, and competitive positioning.
CBOE
US$291.78
Cboe Global Markets
7D
2.2%
1Y
32.8%
CINF
US$166.57
Cincinnati Financial
7D
2.0%
1Y
13.1%

CINF: Pricing Pressures And Dividend Increases Will Shape Future Earnings Resilience

Analysts have nudged Cincinnati Financial's average price target higher to reflect a range of recent revisions, including a move to $191 from $180 and another to $180 from $186, citing mixed but still constructive views on P&C pricing trends and underwriter valuations. Analyst Commentary Recent research shows a split view on Cincinnati Financial, with some bullish analysts lifting their fair value estimates and others trimming them while still maintaining positive ratings.
WFC
US$75.75
Wells Fargo
7D
-3.9%
1Y
6.9%

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

Analysts have nudged our Wells Fargo fair value estimate slightly lower to about $101 from roughly $102, reflecting modestly reduced sector valuation assumptions, even as they highlight stable earnings forecasts, steady profitability expectations, and a slightly lower future P/E multiple in recent price target moves across the Street. Analyst Commentary Recent Street research on Wells Fargo reflects a mix of optimism and caution, with several firms adjusting price targets in both directions while largely keeping earnings assumptions intact.
FIGR
US$35.46
Figure Technology Solutions
7D
8.6%
1Y
n/a
MS
US$155.70
Morgan Stanley
7D
-3.0%
1Y
32.0%

MS: Future Returns Will Rely On Buybacks And Higher Underwriting Profitability

Analysts have maintained their $221.00 price target for Morgan Stanley, noting that slight adjustments to the discount rate, revenue growth, profit margin, and forward P/E assumptions have influenced this view. What's in the News Morgan Stanley & Co. LLC has been added as a co-lead underwriter for the bank's US$3.25 billion fixed income offering, alongside MUFG Securities Americas Inc.
C
US$107.35
Citigroup
7D
0.7%
1Y
53.5%

C: Capital Actions And Consumer Restructuring Will Shape Future Earnings Quality

Analysts have nudged their Citigroup price target slightly lower to about $114.04 from roughly $114.36, reflecting updated views on growth, profitability, discount rates and future P/E assumptions. What's in the News Citigroup Global Markets Inc.
FUTU
US$149.05
Futu Holdings
7D
4.0%
1Y
27.3%

FUTU: Recent Upgrade And Execution Will Support Further Upside Potential

Analysts have trimmed their 12 month price target on Futu Holdings to about $279 from roughly $285, citing refreshed assumptions around discount rates, revenue growth, profit margins and future P/E multiples. Analyst Commentary Recent Street research on Futu Holdings has leaned positive, with some high profile upgrades contributing to the refreshed 12 month price targets you see today.