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U.S. Investment Banking and Brokerage Industry Analysis

UpdatedApr 05, 2026
DataAggregated Company Financials
Companies54
  • 7D4.8%
  • 3M-13.4%
  • 1Y57.9%
  • YTDn/a

The Investment Banking and Brokerage industry is up 4.8% in the last week, with Goldman Sachs Group up 7.5%. This takes the industry's 12 month performance to a gain of 58%. As for the next few years, earnings are expected to grow by 9.5% per annum.

Industry Valuation and Performance

Has the U.S. Investment Banking and Brokerage Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 05 Apr 2026US$1.1tUS$414.7bUS$53.7b16.7x19.6x2.5x
Tue, 03 Mar 2026US$1.1tUS$408.7bUS$53.7b17.7x20.1x2.6x
Thu, 29 Jan 2026US$1.2tUS$385.5bUS$53.7b18.7x22.3x3.1x
Sat, 27 Dec 2025US$1.2tUS$379.9bUS$51.7b19.4x22.9x3.1x
Mon, 24 Nov 2025US$1.1tUS$378.4bUS$51.7b17.6x20.4x2.8x
Wed, 22 Oct 2025US$1.1tUS$371.9bUS$51.6b20x21.6x3x
Fri, 19 Sep 2025US$1.1tUS$364.5bUS$48.0b23.8x22.9x3x
Sun, 17 Aug 2025US$1.0tUS$364.0bUS$48.2b21.5x21.6x2.9x
Tue, 15 Jul 2025US$996.4bUS$348.6bUS$45.9b23.7x21.7x2.9x
Thu, 12 Jun 2025US$893.3bUS$348.3bUS$46.2b18.2x19.3x2.6x
Sat, 10 May 2025US$821.8bUS$335.2bUS$44.7b17.8x18.4x2.5x
Mon, 07 Apr 2025US$672.9bUS$313.4bUS$42.7b15.2x15.8x2.1x
Wed, 05 Mar 2025US$854.7bUS$312.4bUS$42.5b20.7x20.1x2.7x
Fri, 31 Jan 2025US$910.2bUS$302.1bUS$41.4b24x22x3x
Sun, 29 Dec 2024US$816.0bUS$293.0bUS$35.8b23.1x22.8x2.8x
Tue, 26 Nov 2024US$792.6bUS$293.1bUS$35.9b21.5x22.1x2.7x
Thu, 24 Oct 2024US$741.9bUS$276.9bUS$35.1b22.5x21.1x2.7x
Sat, 21 Sep 2024US$675.5bUS$273.0bUS$33.0b17.6x20.5x2.5x
Mon, 19 Aug 2024US$662.7bUS$273.1bUS$33.0b16.7x20.1x2.4x
Wed, 17 Jul 2024US$692.0bUS$256.9bUS$31.4b17.7x22.1x2.7x
Fri, 14 Jun 2024US$649.9bUS$253.9bUS$29.4b17.5x22.1x2.6x
Sun, 12 May 2024US$655.6bUS$253.9bUS$29.4b18.2x22.3x2.6x
Tue, 09 Apr 2024US$619.2bUS$242.7bUS$27.4b17.8x22.6x2.6x
Thu, 07 Mar 2024US$597.5bUS$242.3bUS$27.4b17.8x21.8x2.5x
Sat, 03 Feb 2024US$571.5bUS$238.4bUS$27.3b17.6x20.9x2.4x
Mon, 01 Jan 2024US$584.2bUS$237.6bUS$28.4b18.8x20.5x2.5x
Wed, 29 Nov 2023US$505.0bUS$237.5bUS$28.5b17.4x17.7x2.1x
Fri, 27 Oct 2023US$465.5bUS$236.5bUS$28.3b15.6x16.5x2x
Sun, 24 Sep 2023US$524.6bUS$236.8bUS$30.7b18x17.1x2.2x
Tue, 22 Aug 2023US$526.4bUS$236.7bUS$30.6b17.6x17.2x2.2x
Thu, 20 Jul 2023US$540.5bUS$241.2bUS$30.3b16.9x17.8x2.2x
Sat, 17 Jun 2023US$498.8bUS$240.4bUS$32.8b15.3x15.2x2.1x
Mon, 15 May 2023US$470.0bUS$240.2bUS$32.7b14x14.4x2x
Wed, 12 Apr 2023US$493.4bUS$239.8bUS$33.9b17.5x14.6x2.1x
Price to Earnings Ratio

14.6x


Total Market Cap: US$493.4bTotal Earnings: US$33.9bTotal Revenue: US$239.8bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Investment Banking and Brokerage Industry Price to Earnings3Y Average 20.1x202420252026
Current Industry PE
  • Investors are relatively neutral on the American Investment Banking and Brokerage 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 20.1x.
  • The industry is trading close to its 3-year average PS ratio of 2.6x.
Past Earnings Growth
  • The earnings for companies in the Investment Banking and Brokerage industry have grown 17% per year over the last three years.
  • Revenues for these companies have grown 20% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Comparison

How does U.S. Investment Banking and Brokerage compare with similar industries?

US Market3.46%
Financials3.50%
Capital Markets4.32%
Investment Banking and Brokerage4.75%
Diversified Capital Markets9.13%
Financial Exchanges and Data5.61%
Asset Management2.88%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
GS Goldman Sachs GroupUS$863.047.5%
+US$18.4b		83.3%PE16.3x
MS Morgan StanleyUS$165.814.7%
+US$11.8b		66.1%PE16.2x
HOOD Robinhood MarketsUS$68.904.4%
+US$2.6b		99.7%PE32.9x
SCHW Charles SchwabUS$93.771.5%
+US$2.5b		35.8%PE19.4x
IBKR Interactive Brokers GroupUS$67.745.5%
+US$1.6b		85.5%PE30.7x

Latest News

HOOD
US$68.90
Robinhood Markets
7D
4.4%
1Y
99.7%

Robinhood: World-Class Entry Point (Rating Upgrade)

Apr 04
EVR
US$304.95
Evercore
7D
9.3%
1Y
86.0%

EVR: Higher Future P/E And M&A Cycle Are Expected To Drive Upside

Evercore's analyst fair value estimate has been adjusted from $447.00 to $435.00. This reflects recent cuts to Street price targets as analysts weigh firm wide M&A prospects against softer profit margin assumptions and a higher future P/E of 23.65x.
IBKR
US$67.74
Interactive Brokers Group
7D
5.5%
1Y
85.5%

IBKR: Rising Trading Activity And New Crypto Access Will Support Upside

Analysts have raised their consolidated price target for Interactive Brokers Group by $2, citing updated assumptions around revenue growth, profitability, discount rates and future P/E multiples that align with recent research from firms such as Goldman Sachs, BMO Capital and Barclays. Analyst Commentary Recent Street research on Interactive Brokers Group points to a generally constructive tone, with several firms nudging price targets higher by $1 to $2.
MS
US$165.81
Morgan Stanley
7D
4.7%
1Y
66.1%
FUTU
US$140.16
Futu Holdings
7D
4.6%
1Y
67.8%
SCHW
US$93.77
Charles Schwab
7D
1.5%
1Y
35.8%
SIEB
US$1.84
Siebert Financial
7D
-3.2%
1Y
-32.5%
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.
WAI
US$2.19
Top KingWin
7D
-4.8%
1Y
-97.7%
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.
FRHC
US$151.64
Freedom Holding
7D
7.4%
1Y
28.2%
WTF
US$3.69
Waton Financial
7D
-0.5%
1Y
-42.9%
DOMH
US$2.75
Dominari Holdings
7D
-4.5%
1Y
-24.2%
AMTD
US$0.98
AMTD IDEA Group
7D
-0.7%
1Y
-3.9%