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U.S. Financials Sector Analysis

UpdatedApr 05, 2026
DataAggregated Company Financials
Companies1402
  • 7D3.5%
  • 3M-11.8%
  • 1Y13.6%
  • YTD-9.8%

Over the last 7 days, the Financials industry has risen 3.5%, driven by gains from JPMorgan Chase of 4.2%. This takes the industry's 12 month performance to a gain of 14%. Looking forward, earnings are forecast to grow by 8.7% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 05 Apr 2026US$9.5tUS$3.3tUS$562.9b12.6x16.8x2.9x
Tue, 03 Mar 2026US$9.8tUS$3.3tUS$562.4b12.1x17.4x3x
Thu, 29 Jan 2026US$10.2tUS$3.2tUS$558.7b12.6x18.3x3.2x
Sat, 27 Dec 2025US$10.7tUS$3.2tUS$552.7b12.8x19.3x3.4x
Mon, 24 Nov 2025US$9.9tUS$3.2tUS$552.8b12.1x17.9x3.1x
Wed, 22 Oct 2025US$10.1tUS$3.1tUS$529.9b12.4x19.1x3.3x
Fri, 19 Sep 2025US$10.4tUS$3.3tUS$517.5b13.1x20.2x3.1x
Sun, 17 Aug 2025US$10.1tUS$3.3tUS$517.2b12.6x19.5x3x
Tue, 15 Jul 2025US$9.9tUS$3.0tUS$524.9b13.3x18.9x3.3x
Thu, 12 Jun 2025US$9.6tUS$3.0tUS$525.5b12.6x18.3x3.2x
Sat, 10 May 2025US$9.4tUS$3.0tUS$528.4b12.4x17.8x3.1x
Mon, 07 Apr 2025US$8.4tUS$3.0tUS$545.2b11.3x15.3x2.8x
Wed, 05 Mar 2025US$9.8tUS$3.0tUS$545.2b12.2x18x3.3x
Fri, 31 Jan 2025US$9.9tUS$3.0tUS$546.3b12.7x18.1x3.3x
Sun, 29 Dec 2024US$9.4tUS$2.9tUS$505.1b13x18.6x3.2x
Tue, 26 Nov 2024US$9.5tUS$2.9tUS$504.7b13.9x18.9x3.3x
Thu, 24 Oct 2024US$9.0tUS$2.8tUS$470.9b12.6x19.2x3.2x
Sat, 21 Sep 2024US$8.8tUS$2.8tUS$466.2b12.7x18.8x3.1x
Mon, 19 Aug 2024US$8.4tUS$2.8tUS$466.2b12.1x18x3x
Wed, 17 Jul 2024US$8.3tUS$2.8tUS$467.2b11.9x17.7x3x
Fri, 14 Jun 2024US$7.8tUS$2.8tUS$463.2b10.6x16.8x2.8x
Sun, 12 May 2024US$8.0tUS$2.8tUS$462.4b10.9x17.3x2.9x
Tue, 09 Apr 2024US$8.0tUS$2.7tUS$475.0b10.7x16.8x2.9x
Thu, 07 Mar 2024US$7.7tUS$2.7tUS$472.4b10.7x16.3x2.8x
Sat, 03 Feb 2024US$7.6tUS$2.7tUS$427.3b11.8x17.7x2.8x
Mon, 01 Jan 2024US$7.4tUS$2.7tUS$446.8b11.5x16.6x2.7x
Wed, 29 Nov 2023US$6.9tUS$2.7tUS$446.4b10.5x15.3x2.5x
Fri, 27 Oct 2023US$6.2tUS$2.7tUS$440.2b10.1x14.2x2.3x
Sun, 24 Sep 2023US$6.6tUS$2.7tUS$430.8b10.3x15.3x2.5x
Tue, 22 Aug 2023US$6.6tUS$2.7tUS$431.0b10.7x15.4x2.5x
Thu, 20 Jul 2023US$6.9tUS$2.6tUS$348.9b11x19.7x2.6x
Sat, 17 Jun 2023US$6.5tUS$2.6tUS$341.3b10.6x19.1x2.5x
Mon, 15 May 2023US$6.1tUS$2.6tUS$341.3b10.2x18x2.4x
Wed, 12 Apr 2023US$6.3tUS$2.6tUS$318.3b10.7x19.9x2.5x
Price to Earnings Ratio

19.9x


Total Market Cap: US$6.3tTotal Earnings: US$318.3bTotal 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 Market3.46%
Financials3.50%
Banks4.52%
Capital Markets4.32%
Consumer Finance3.38%
Mortgage REITs3.13%
Insurance2.75%
Diversified Financial2.06%
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 25.7x.
    • Analysts are expecting annual earnings growth of 11.8%, 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 17% 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$294.604.2%
+US$31.7b		40.1%PB2.3x
GS Goldman Sachs GroupUS$863.047.5%
+US$18.4b		83.3%PE16.3x
BRK.A Berkshire HathawayUS$716.30k1.8%
+US$18.1b		-3.5%PE15.4x
BAC Bank of AmericaUS$49.385.1%
+US$17.2b		43.6%PB1.3x
C CitigroupUS$115.257.3%
+US$13.8b		98.3%PB1x

Latest News

MS
US$165.81
Morgan Stanley
7D
4.7%
1Y
66.1%
C
US$115.25
Citigroup
7D
7.3%
1Y
98.3%
V
US$300.80
Visa
7D
1.8%
1Y
-3.9%

V: Preferred List Support And New Partnerships Will Sustain Network Moat

Visa's analyst price target has been trimmed by about $3 to roughly $397, as analysts fine tune fair value, growth, and P/E assumptions following a mix of target cuts and fresh bullish initiations across recent research. Analyst Commentary Recent research shows a split view on Visa, with some firms trimming price targets while others are initiating or reinstating coverage with constructive ratings and inclusion on preferred lists.
JPM
US$294.60
JPMorgan Chase
7D
4.2%
1Y
40.1%

JPM: Future Spending On Branch And Card Expansion Will Sustain Earnings Power

JPMorgan Chase's updated analyst price target reflects a modest trim of about $7 per share to $337.75, as analysts factor in recent target reductions, a slightly lower implied future P/E, and ongoing conversations around spending, earnings power, and risk management across the large bank group. Analyst Commentary Recent research on JPMorgan Chase shows a mix of optimism and caution as analysts reassess price targets, earnings power, and spending plans.
APO
US$107.04
Apollo Global Management
7D
-1.3%
1Y
-1.5%
ARES
US$102.43
Ares Management
7D
-3.6%
1Y
-13.2%

ARES: Private Credit Sentiment Reset And CLO Expansion Will Shape Returns

Analysts have trimmed the Ares Management fair value estimate from about $138 to roughly $113, reflecting a series of lower price targets across the Street as they moderate profit margin and business development company earnings assumptions, even as some continue to highlight what they see as an attractive entry point in private credit heavy alternative managers. Analyst Commentary Recent research on Ares Management shows a clear reset in expectations, with several firms cutting price targets and revisiting assumptions around private credit, retail fundraising and business development company earnings.
AMP
US$433.94
Ameriprise Financial
7D
-0.7%
1Y
2.8%

AMP: Ongoing Share Repurchases Will Support Future Earnings Power And Upside Potential

Analysts have kept their $570 price target on Ameriprise Financial unchanged, citing only very slight adjustments to assumptions such as the discount rate, long term revenue growth, profit margin, and future P/E that do not materially alter their valuation view. What's in the News From October 1, 2025 to December 31, 2025, Ameriprise Financial repurchased 1,880,581 shares, representing 2.02%, for US$897.19 million under its ongoing buyback program (Key Developments).
LPLA
US$293.67
LPL Financial Holdings
7D
-1.1%
1Y
3.7%

LPLA: Insurance Partnership Expansion Will Support Future Fee-Based Earnings Streams

The updated analyst price target for LPL Financial Holdings edges slightly lower to about $451.92 from $453.46, as analysts refine their models around discount rate, revenue growth, profit margin, and forward P/E, while recent Street research shows a mix of price target raises and trims across firms. Analyst Commentary Recent Street research on LPL Financial Holdings reflects a mixed tone, with some analysts lifting targets and others trimming them as they update models for the coming quarters.
GPN
US$64.05
Global Payments
7D
-2.8%
1Y
-24.5%
PAYP
US$21.02
PayPay
7D
-8.8%
1Y
n/a
PGR
US$195.25
Progressive
7D
-1.8%
1Y
-24.2%
FIS
US$46.29
Fidelity National Information Services
7D
-1.3%
1Y
-33.8%

FIS: Share Repurchases And Legal Resolution Will Support Future Cash Generation

Analysts have trimmed their price target on Fidelity National Information Services slightly to about $66.52 from roughly $66.82, reflecting small tweaks to fair value, discount rate, revenue growth, profit margin, and future P/E assumptions. What's in the News Class action claims against Fidelity National Information Services are subject to a proposed US$210m settlement, with a court hearing scheduled for July 9, 2026 to consider approval, dismissal of the action with prejudice, the allocation plan for the net settlement fund, and lead counsel fee and expense requests (Key Developments).
BAC
US$49.38
Bank of America
7D
5.1%
1Y
43.6%

BAC: Net Interest Income And Expense Discipline Will Support Future Returns

Analysts have nudged the Bank of America price target slightly lower to about $61.77, reflecting a modestly reduced fair value estimate alongside updated assumptions on discount rate, profit margin, and future P/E after a mix of target raises and cuts across recent research. Analyst Commentary Recent Street research on Bank of America shows a mix of optimism and caution, with several firms adjusting price targets and ratings as they revisit assumptions on earnings power, profitability, and valuation multiples.
GS
US$863.04
Goldman Sachs Group
7D
7.5%
1Y
83.3%

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

Analysts have nudged their price target on Goldman Sachs Group slightly higher to $959.75 from $959.20, citing small adjustments to fair value, discount rate, revenue growth, profit margin, and future P/E assumptions. What's in the News Goldman Sachs & Co. LLC has been added as Co Lead Underwriter for a US$17.096 million fixed income offering by The Goldman Sachs Group, Inc.
WFC
US$80.60
Wells Fargo
7D
4.4%
1Y
32.2%

WFC: Future Returns Will Reflect ROTCE Expansion Despite Sector Multiple Pressure

The analyst price target on Wells Fargo has been trimmed slightly, reflecting a modest fair value adjustment to about $100.52 as analysts weigh mixed target changes across the Street and updated assumptions on profitability and sector valuations. Analyst Commentary Recent research on Wells Fargo points to a split view, with some analysts focusing on upside to earnings power and capital return, while others question how much of that story is already reflected in the share price.
BRK.A
US$716,299.99
Berkshire Hathaway
7D
1.8%
1Y
-3.5%