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U.S. Financials Sector Analysis

UpdatedJan 19, 2026
DataAggregated Company Financials
Companies1405
  • 7D-1.8%
  • 3M3.7%
  • 1Y8.9%
  • YTD-0.1%

Over the last 7 days, the Financials industry has dropped 1.8%, driven by JPMorgan Chase declining 3.7%. On the other hand BlackRock is actually up 6.8%. In the past year, the industry has gained 8.9%. Earnings are forecast to grow by 11% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
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
Thu, 26 Jan 2023US$5.8tUS$2.4tUS$360.9b11.5x15.9x2.4x
Price to Earnings Ratio

15.9x


Total Market Cap: US$5.8tTotal Earnings: US$360.9bTotal 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 3-year average PS ratio of 2.9x is lower than the industry's current PS ratio of 3.3x.
Past Earnings Growth
  • The earnings for companies in the Financials industry have grown 15% per year over the last three years.
  • Revenues for these companies have grown 9.5% 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-0.29%
Financials-1.78%
Mortgage REITs3.98%
Capital Markets2.12%
Mortgage Finance0%0
Insurance-2.93%
Consumer Finance-3.00%
Banks-3.26%
Diversified Financial-3.56%
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 12.3%, which is lower than the prior year's growth of 15.4% per year.
  • Investors are most pessimistic about the Insurance industry, which is trading below its 3-year average of 18.7x.
Forecasted Growth
  • Analysts are most optimistic on the Mortgage REITs industry, expecting annual earnings growth of 36% over the next 5 years.
  • This is better than its past earnings decline of 6.6% per year.
  • In contrast, the Insurance industry is expected to see its earnings grow by 6.5% 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
BLK BlackRockUS$1.16k6.8%
+US$11.4b		15.7%PE32.5x
BX BlackstoneUS$163.504.4%
+US$5.4b		-9.1%PE47.3x
CME CME GroupUS$279.505.5%
+US$5.2b		20.1%PE27.1x
FIGR Figure Technology SolutionsUS$73.9141.5%
+US$4.6b		n/aPE281.4x
ICE Intercontinental ExchangeUS$173.984.6%
+US$4.4b		16.7%PE31.4x

Latest News

BLK
US$1,163.17
BlackRock
7D
6.8%
1Y
15.7%

BlackRock (NYSE:BLK) Has Announced That It Will Be Increasing Its Dividend To $5.73

Jan 19
BlackRock (NYSE:BLK) Has Announced That It Will Be Increasing Its Dividend To $5.73
GS
US$962.00
Goldman Sachs Group
7D
1.3%
1Y
53.7%

Goldman Sachs Group's (NYSE:GS) Dividend Will Be Increased To $4.50

Jan 19
Goldman Sachs Group's (NYSE:GS) Dividend Will Be Increased To $4.50
JPM
US$312.47
JPMorgan Chase
7D
-3.7%
1Y
20.6%
WFC
US$88.38
Wells Fargo
7D
-6.9%
1Y
14.7%

Here's What Analysts Are Forecasting For Wells Fargo & Company (NYSE:WFC) After Its Annual Results

Jan 17
Here's What Analysts Are Forecasting For Wells Fargo & Company (NYSE:WFC) After Its Annual Results
HOOD
US$108.74
Robinhood Markets
7D
-7.5%
1Y
125.8%
V
US$328.30
Visa
7D
-4.3%
1Y
2.7%
BAC
US$52.97
Bank of America
7D
-4.0%
1Y
13.8%
MA
US$539.49
Mastercard
7D
-4.7%
1Y
2.8%
COF
US$239.14
Capital One Financial
7D
2.5%
1Y
25.2%
CME
US$279.50
CME Group
7D
5.5%
1Y
20.1%

CME: Fee Moat And Prediction Markets Will Shape Futures Activity Outlook

Narrative Update: CME Group CME Group's fair value estimate has edged up by about $1 to roughly $288 per share, as analysts cite the company's strong futures and options moat, a higher price target range of up to $314, and interest in its role within prediction markets as key supports for the updated outlook. Analyst Commentary Recent Street research has been generally constructive on CME Group, with several bullish analysts adjusting their price targets higher and highlighting the company's futures and options franchise as a key support for valuation.
BX
US$163.50
Blackstone
7D
4.4%
1Y
-9.1%

BX: Future Deals And Fee Margins Will Shape Balanced Return Outlook

Narrative Update Our Blackstone analyst price target is adjusted slightly lower from $167 to $166. This reflects analysts' mixed but generally constructive research updates that balance modest target trims tied to margin and fee concerns with higher targets supported by expectations for improving realizations and a recovering capital markets backdrop.
ICE
US$173.98
Intercontinental Exchange
7D
4.6%
1Y
16.7%

ICE: Trading Volumes And Prediction Markets Will Drive Long Term Opportunity

Analysts have trimmed their price targets on Intercontinental Exchange by a few dollars to reflect updated assumptions around fair value and earnings visibility, even as they point to healthy trading volumes and mixed views on mortgage technology. Analyst Commentary Recent Street research paints a mixed picture on Intercontinental Exchange, with several firms trimming price targets by single digits while broadly maintaining constructive views on the core exchange and data franchise.
PGR
US$202.37
Progressive
7D
-6.5%
1Y
-17.0%

PGR: Softer P&C Cycle Will Pressure Margins Despite Policy Momentum

Analysts have trimmed their fair value estimate for Progressive from US$215.56 to US$191.52, as they factor in softer P&C pricing and a lower future P/E of about 15x, while still seeing support from personal lines trends and policy growth. Analyst Commentary Recent Street research on Progressive reflects a mix of optimism on policy growth and margin resilience, alongside a more cautious tone on the broader P&C cycle and the stock's valuation.
AXP
US$364.79
American Express
7D
1.4%
1Y
16.7%

AXP: Higher P/E Multiple Could Reward Solid Loan And Earnings Momentum

Analysts have lifted their blended price expectations for American Express, with the modelled fair value rising from about US$366.63 to US$462.00 as they factor in higher sector multiples, including a future P/E assumption of 26.66, as well as updated views on growth, margins and discount rates informed by recent price target increases across the specialty finance group. Analyst Commentary Recent Street research around American Express shows a cluster of higher price targets and rating moves that feed into the richer blended fair value used in the updated model.
BRK.A
US$740,750.00
Berkshire Hathaway
7D
-1.0%
1Y
5.4%
FIGR
US$73.91
Figure Technology Solutions
7D
41.5%
1Y
n/a