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U.S. Financials Sector Analysis

UpdatedMar 11, 2026
DataAggregated Company Financials
Companies1420
  • 7D-2.2%
  • 3M-7.8%
  • 1Y6.1%
  • YTD-9.1%

Over the last 7 days, the Financials industry has dropped 2.2%, driven by JPMorgan Chase declining 3.8%. Over the past 12 months, the industry was up 6.0%. As for the next few years, earnings are expected to grow by 9.1% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 11 Mar 2026US$9.6tUS$3.3tUS$562.5b11.9x17x2.9x
Fri, 06 Feb 2026US$10.3tUS$3.3tUS$569.6b12.7x18x3.2x
Sun, 04 Jan 2026US$10.5tUS$3.2tUS$551.9b12.6x19.1x3.3x
Tue, 02 Dec 2025US$10.2tUS$3.2tUS$552.6b12.4x18.5x3.2x
Thu, 30 Oct 2025US$10.2tUS$3.1tUS$536.4b12x19x3.2x
Sat, 27 Sep 2025US$10.4tUS$3.3tUS$517.7b13x20x3.1x
Mon, 25 Aug 2025US$10.3tUS$3.3tUS$517.7b13.1x19.9x3.1x
Wed, 23 Jul 2025US$10.0tUS$3.0tUS$536.8b13.2x18.6x3.3x
Fri, 20 Jun 2025US$9.4tUS$3.0tUS$525.5b12.2x18x3.1x
Sun, 18 May 2025US$9.8tUS$3.0tUS$528.3b12.9x18.5x3.2x
Tue, 15 Apr 2025US$8.8tUS$3.0tUS$548.6b11.3x16x3x
Thu, 13 Mar 2025US$9.0tUS$3.0tUS$545.0b11.8x16.5x3x
Sat, 08 Feb 2025US$10.0tUS$3.0tUS$554.4b12.6x18.1x3.4x
Mon, 06 Jan 2025US$9.4tUS$2.9tUS$505.8b12.9x18.5x3.2x
Wed, 04 Dec 2024US$9.8tUS$2.9tUS$504.7b13.6x19.4x3.4x
Fri, 01 Nov 2024US$8.9tUS$2.9tUS$470.4b12.6x19x3.1x
Sun, 29 Sep 2024US$8.7tUS$2.8tUS$466.2b12.3x18.6x3.1x
Tue, 27 Aug 2024US$8.5tUS$2.8tUS$466.0b12.5x18.3x3x
Thu, 25 Jul 2024US$8.3tUS$2.8tUS$465.6b12.2x17.9x3x
Sat, 22 Jun 2024US$7.9tUS$2.8tUS$463.0b10.5x17.1x2.8x
Mon, 20 May 2024US$8.1tUS$2.8tUS$463.2b11x17.5x2.9x
Wed, 17 Apr 2024US$7.5tUS$2.7tUS$476.6b10.4x15.8x2.8x
Fri, 15 Mar 2024US$7.8tUS$2.7tUS$472.9b10.5x16.6x2.9x
Sun, 11 Feb 2024US$7.5tUS$2.7tUS$431.8b10.6x17.3x2.8x
Tue, 09 Jan 2024US$7.4tUS$2.7tUS$447.8b11.4x16.5x2.7x
Thu, 07 Dec 2023US$7.0tUS$2.7tUS$446.3b10.9x15.6x2.6x
Sat, 04 Nov 2023US$6.6tUS$2.7tUS$448.0b10.7x14.7x2.5x
Mon, 02 Oct 2023US$6.5tUS$2.7tUS$431.0b10.3x15.1x2.4x
Wed, 30 Aug 2023US$6.7tUS$2.7tUS$430.2b10.6x15.6x2.5x
Fri, 28 Jul 2023US$6.9tUS$2.6tUS$349.6b11.3x19.8x2.6x
Sun, 25 Jun 2023US$6.4tUS$2.6tUS$341.2b10.4x18.6x2.4x
Tue, 23 May 2023US$6.3tUS$2.6tUS$341.5b10.4x18.5x2.4x
Thu, 20 Apr 2023US$6.5tUS$2.6tUS$324.3b10.6x20.1x2.5x
Sat, 18 Mar 2023US$5.0tUS$2.4tUS$307.2b10.6x16.2x2.1x
Price to Earnings Ratio

16.2x


Total Market Cap: US$5.0tTotal Earnings: US$307.2bTotal 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 22% 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 Market-0.62%
Financials-2.25%
Diversified Financial0.019%
Mortgage Finance0%0
Mortgage REITs-1.61%
Consumer Finance-1.97%
Capital Markets-2.62%
Banks-3.44%
Insurance-3.69%
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 are expecting annual earnings growth of 12.8%, which is lower than the prior year's growth of 14.5% 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 30% per year.
  • In contrast, the Insurance industry is expected to see its earnings grow by 4.2% 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
BRK.A Berkshire HathawayUS$740.00k2.6%
+US$27.3b		-0.6%PE15.9x
COIN Coinbase GlobalUS$196.527.8%
+US$3.7b		2.5%PE41.2x
FIGR Figure Technology SolutionsUS$39.5939.1%
+US$2.4b		n/aPE63.8x
HOOD Robinhood MarketsUS$78.533.2%
+US$2.2b		116.0%PE37.5x
XYZ BlockUS$65.604.3%
+US$1.5b		18.6%PE30x

Latest News

BLK
US$967.36
BlackRock
7D
-8.1%
1Y
6.3%
KLAR
US$15.30
Klarna Group
7D
14.3%
1Y
n/a
GS
US$833.81
Goldman Sachs Group
7D
-3.3%
1Y
56.9%

GS: Buybacks And Rich Dividend Stream Will Drive Future Upside Potential

Analysts have nudged their price target for Goldman Sachs Group higher to $959.20. The revision reflects updated assumptions that include a lower discount rate and a slightly reduced future P/E multiple, while revenue growth and profit margin expectations remain unchanged.
MA
US$514.72
Mastercard
7D
-1.8%
1Y
-2.1%

MA: New Digital Partnerships And Crypto Rails Will Support Future Upside

The analyst price target for Mastercard edges up by about $1 to reflect slightly higher fair value and margin assumptions, as analysts point to broadly constructive payment sector views, recent Buy initiations and upgrades, and new partnerships such as SoFi's stablecoin tie up as support for the updated outlook. Analyst Commentary Recent research on Mastercard reflects an active debate on valuation, but with a clear tilt toward constructive views on the business model and its role in global payments.
WFC
US$78.30
Wells Fargo
7D
-5.1%
1Y
16.4%

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.
BAP
US$341.28
Credicorp
7D
2.6%
1Y
88.6%

BAP: Future Returns Will Rely On Digital Bank And Capital Reserves

Analysts now see Credicorp's fair value at about $345, up from roughly $334, reflecting updated assumptions around discount rates, revenue growth, profit margins, and a higher future P/E multiple. What's in the News Board meeting on April 25, 2024 to consider transferring S/1,778.8 million from retained earnings to reserves, signaling a focus on capital allocation discipline (Key Developments).
COIN
US$196.52
Coinbase Global
7D
7.8%
1Y
2.5%
HOOD
US$78.53
Robinhood Markets
7D
3.2%
1Y
116.0%
BAC
US$48.56
Bank of America
7D
-2.8%
1Y
22.6%
FIGR
US$39.59
Figure Technology Solutions
7D
39.1%
1Y
n/a
XYZ
US$65.60
Block
7D
4.3%
1Y
18.6%

XYZ: AI Efficiency And Workforce Reset Will Drive Medium Term Upside

Analysts nudged our Block fair value estimate higher from $84.21 to $85.52. This reflects updated views on stronger profitability and revenue growth potential, partly offset by the use of a lower future P/E multiple as recent research highlights AI driven efficiency plans, workforce reductions, and evolving sentiment around payment stock valuations.
V
US$314.43
Visa
7D
-2.0%
1Y
-5.3%

V: Stablecoin Settlement And Cross Border Partnerships Will Sustain Network Moat

The analyst price target for Visa has been reduced by about $0.60 to roughly $400, as analysts refine their discount rate and P/E assumptions while still highlighting recurring inclusion on preferred idea lists and multiple Buy ratings as support for the long-term story. Analyst Commentary Recent research shows a mix of optimism around Visa long term positioning alongside some valuation and regulatory caution.
JPM
US$288.73
JPMorgan Chase
7D
-3.8%
1Y
26.0%

JPM: Higher ROTCE And Capital Return Are Expected To Drive Upside

Narrative Update: JPMorgan Chase We are lifting our analyst price target for JPMorgan Chase to $400 from $391, reflecting analysts' updated views that factor in stronger assumed revenue growth, a slightly lower discount rate, and a modestly lower future P/E and profit margin profile following recent research and the company's investor updates. Analyst Commentary Recent Street research around JPMorgan Chase has been active on both sides, but the more optimistic voices are highlighting specific earnings drivers, capital return themes, and fee income opportunities that they believe are not fully reflected in current market expectations.
MS
US$160.75
Morgan Stanley
7D
-3.1%
1Y
43.5%

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.
BRK.A
US$740,000.00
Berkshire Hathaway
7D
2.6%
1Y
-0.6%
FUTU
US$153.58
Futu Holdings
7D
6.1%
1Y
39.3%

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.