Financials in 2026 hinge on rates, deposit competition, consumer credit, and capital markets health. Stable credit and improved deal flow lift sentiment; funding pressure and reserve builds cap upside for lenders.
Led by JPMorgan, Bank of America, and Visa, the financial services sector trades at a 14x Forward P/E. This dashboard tracks valuation trends, equal-weight performance, and sector component data across all 1,000+ banking and insurance stocks.
Sector Market Cap
$8.07T
Tracks 1010 stocks · top 50 by market cap
Median YTD Return
+1.8%
Screener universe · median stock return
Median P/E
18.4x
Screener stocks · excludes outliers
Median Dividend Yield
2.11%
Screener stocks · excludes zeros
Sector Screener
Scan the sector leaders, compare valuations and fundamentals, then open the full screener to refine your criteria.
| Ticker | Company | Price | Mkt Cap | P/E | ROE | Div Yield | |
|---|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc. | $758166.00 | $1.09T | 16.3 | 9.8% | — | ||
| Berkshire Hathaway Inc. | $505.54 | $1.09T | 16.3 | 9.8% | — | ||
| JPMorgan Chase & Co. | $331.28 | $887.67B | 16.5 | 16.1% | 1.8% | ||
| Visa Inc. | $370.64 | $692B | 36.3 | 52.1% | 0.6% | ||
| Mastercard Incorporated | $566.58 | $500.62B | 34.3 | 209.9% | 0.5% | ||
| Bank of America Corporation | $54.09 | $383.85B | 14.2 | 10.2% | 2.3% | ||
| HSBC Holdings plc | $97.58 | $335.36B | 16.1 | 11.2% | 3.4% | ||
| Morgan Stanley | $190.97 | $301.21B | 18.7 | 15.5% | 2.2% | ||
| The Goldman Sachs Group, Inc. | $897.18 | $276.33B | 17.5 | 13.9% | 1.9% | ||
| Royal Bank of Canada | $196.35 | $274.22B | 19.8 | 15.3% | 2.2% | ||
| Mitsubishi UFJ Financial Group, Inc. | $23.20 | $261.62B | 16.3 | 11.3% | 2.2% | ||
| Wells Fargo & Company | $81.51 | $249.44B | 12.9 | 11.7% | 2.1% | ||
| Citigroup Inc. | $128.53 | $220.42B | 18.4 | 6.7% | 2.2% | ||
| American Express Company | $304.55 | $205.67B | 19.8 | 34% | 1.1% | ||
| Banco Santander, S.A. | $14.01 | $205.64B | 14.3 | 12.8% | 1.7% | ||
| The Toronto-Dominion Bank | $118.18 | $199.67B | 14.5 | 16.9% | 2.7% | ||
| The Charles Schwab Corporation | $96.80 | $168.35B | 20.8 | 18.1% | 1.4% | ||
| BlackRock, Inc. | $1079.42 | $167.3B | 30.5 | 10% | 1.9% | ||
| UBS Group AG | $48.47 | $158.88B | 20.5 | 8.8% | 1.4% | ||
| Banco Bilbao Vizcaya Argentaria, S.A. | $27.15 | $150.01B | 14.3 | 17.3% | 2.9% | ||
| Mizuho Financial Group, Inc. | $11.15 | $135.83B | 16.5 | 12% | 1.8% | ||
| Chubb Limited | $334.21 | $129.63B | 13.0 | 13.9% | 1.1% | ||
| The Progressive Corporation | $212.05 | $124.45B | 11.0 | 40.4% | 2.3% | ||
| Capital One Financial Corporation | $195.82 | $120.13B | 48.6 | 2.8% | 1.4% | ||
| S&P Global Inc. | $396.13 | $116.78B | 27.0 | 12.1% | 1% | ||
| Bank of Montreal | $166.09 | $116.33B | 20.6 | 10.1% | 2.9% | ||
| HDFC Bank Limited | $22.42 | $115B | 4.6 | 11% | 5.9% | ||
| Itaú Unibanco Holding S.A. | $10.15 | $111.87B | 12.9 | 20.6% | 8.4% | ||
| The Bank of Nova Scotia | $90.22 | $110.62B | 22.5 | 9% | 3.4% | ||
| Canadian Imperial Bank of Commerce | $111.59 | $103.4B | 18.5 | 13.7% | 2.7% |
BRK-A
BRK-B
JPM
V
MA
BAC
HSBC
MS
GS
RY
MUFG
WFC
C
AXP
SAN
TD
SCHW
BLK
UBS
BBVA
MFG
CB
PGR
COF
SPGI
BMO
HDB
ITUB
BNS
CMSector Outlook
Financials in 2026 hinge on rates, deposit competition, consumer credit, and capital markets health. Stable credit and improved deal flow lift sentiment; funding pressure and reserve builds cap upside for lenders.
Exchanges, data providers, and payment platforms may keep attracting premium valuations — their earnings are less balance-sheet dependent than banks.
Stock selection matters more than broad exposure. The gap between strong franchises and optically cheap value traps widens when macro shifts.
Learn
Financial Services includes companies that lend, insure, process payments, manage capital, or provide market infrastructure — from large banks to exchanges and fintech platforms.
Banks depend on deposit costs, credit losses, and the yield curve. Payment networks and exchanges earn premium multiples because their models are lighter on balance sheet risk and stronger on margins.
A low-multiple bank and a high-quality payments company behave nothing alike in a tightening or easing cycle, so subgroup comparisons matter more than sector averages.
XLF holds the major US financial leaders. For more control, split the sector into banks, insurers, capital markets, and payments before comparing valuations.
Key drivers: interest rates, loan growth, credit quality, deal activity, and regulation. Rising rates help net interest income initially but can pressure funding costs and asset values.
Use the screener to cross-check valuation with capital ratios, profitability, and business model durability — the cheapest multiple isn't always the best value.
Explore Further
Banks, credit card companies, exchanges, brokers, asset managers, insurers, and specialty finance firms. The screener above shows the sector list.
Explore More
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Use our powerful screener to filter Financial Services stocks by market cap, valuation, profitability, and dozens of other fundamental metrics.
Valuation, growth, profitability, technicals
Prices, fundamentals, and estimates refreshed overnight
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Track the XLF sector ETF performance vs S&P 500. The basket shows equal-weight returns of top 50 stocks by market cap.
Momentum Leaders
Momentum Underperformers
Market Comparison
Against the S&P 500, Financial Services currently trades at 18.3x trailing earnings versus 34.7x for the broad market. This discount reflects the sector's lower profitability metrics compared to the broader index.
Valuation
47% below S&P 500 trailing P/E
| Metric | Financial Services | S&P 500 | Winner |
|---|---|---|---|
| Trailing P/E | 18.3x | 34.7x | Sector cheaper |
| Forward P/E | 15.5x | 23.1x | Sector cheaper |
| EV/EBITDA | 15.8x | 23.5x | Sector cheaper |
69th percentile; range 15.1x to 19.7x
9th percentile; range 8.6x to 116.1x
Quality
Net margin 24.1% vs 28.5%; ROE 32.7% vs 49.2%
| Metric | Financial Services | S&P 500 | Winner |
|---|---|---|---|
| Net Margin | 24.1% | 28.5% | S&P 500 stronger |
| ROE | 32.7% | 49.2% | S&P 500 stronger |
Income
Sector yield 1.51% vs 0.97%
| Metric | Financial Services | S&P 500 | Winner |
|---|---|---|---|
| Dividend Yield | 1.5% | 1.0% | Sector yields more |
These cards are built from the full sector universe, then ranked by market cap so you can see which pockets are leading, rich, resilient, or dangerously concentrated.
Industry Scoreboard
Use this table to spot heavyweights, cheap pockets, leaders, and genuinely beaten-down areas before opening the detailed cards below.
Diversified Banks 21 stocks | 27.2% $4.07T | Neutral -3.0% median 3M | Fair 11.5x median Fwd P/E | High 13.1% median ROE | Average 10.0% rev growth | Watchlist Diversified |
Diversified Insurance 20 stocks | 16.2% $2.42T | Neutral -6.1% median 3M | Cheap 9.9x median Fwd P/E | Weak 11.8% median ROE | Average 3.9% rev growth | Mixed One-name heavy |
Regional Banks 338 stocks | 13.2% $1.97T | Neutral -1.4% median 3M | Fair 11.1x median Fwd P/E | High 10.2% median ROE | Average 9.7% rev growth | Watchlist Diversified |
Credit Services 67 stocks | 12.5% $1.87T | Neutral -6.5% median 3M | Cheap 8.6x median Fwd P/E | Mixed 7.9% median ROE | Average 10.6% rev growth | Mixed Concentrated |
Capital Markets 75 stocks | 8.4% $1.26T | Lagging -6.3% median 3M | Premium 14.2x median Fwd P/E | Weak 9.0% median ROE | Strong 15.7% rev growth | Broken Diversified |
Asset Management 163 stocks | 7.4% $1.1T | Neutral -3.6% median 3M | Cheap 9.1x median Fwd P/E | Mixed 5.9% median ROE | Average 16.5% rev growth | Mixed Diversified |
Property & Casualty Insurance 48 stocks | 4.0% $597.37B | Neutral -5.3% median 3M | Cheap 10.5x median Fwd P/E | Mixed 16.8% median ROE | Strong 7.4% rev growth | Attractive Diversified |
Financial Data & Exchanges 11 stocks | 3.8% $566.2B | Neutral +9.2% median 3M | Premium 22.1x median Fwd P/E | High 17.4% median ROE | Average 7.9% rev growth | Mixed Diversified |
Life Insurance 23 stocks | 2.4% $354.72B | Neutral -5.7% median 3M | Cheap 8.7x median Fwd P/E | Weak 11.2% median ROE | Strong 8.3% rev growth | Attractive Diversified |
Insurance Brokers 18 stocks | 1.8% $272.18B | Lagging -0.5% median 3M | Premium 17.2x median Fwd P/E | Weak 6.8% median ROE | Weak 7.1% rev growth | Broken Concentrated |
Investment Banking 16 stocks | 1.0% $148.87B | Neutral -4.8% median 3M | Fair 10.2x median Fwd P/E | Mixed 4.2% median ROE | Average 17.1% rev growth | Mixed One-name heavy |
Specialty Insurance 19 stocks | 0.5% $74.18B | Lagging -7.6% median 3M | Cheap 9.8x median Fwd P/E | Weak 12.1% median ROE | Weak 7.5% rev growth | Broken Diversified |
Global Asset Management 3 stocks | 0.4% $67.12B | Lagging -5.1% median 3M | Fair 17.7x median Fwd P/E | Mixed 6.7% median ROE | Average 34.5% rev growth | Mixed One-name heavy |
Reinsurance 9 stocks | 0.4% $53.22B | Neutral -1.2% median 3M | Cheap 7.3x median Fwd P/E | Mixed 11.2% median ROE | Strong 9.5% rev growth | Attractive One-name heavy |
SPACs & Shell Companies 125 stocks | 0.3% $48.57B | Neutral +0.6% median 3M | Premium 3.7x median Fwd P/E | Weak 3.1% median ROE | Average 92.9% rev growth | Mixed One-name heavy |
Mortgage Finance 15 stocks | 0.3% $41.55B | Lagging -25.3% median 3M | Cheap 8.9x median Fwd P/E | Weak 2.9% median ROE | Strong 24.7% rev growth | Broken One-name heavy |
Financial Conglomerates 21 stocks | 0.2% $25.84B | Neutral -0.3% median 3M | Fair 9.1x median Fwd P/E | Weak 3.4% median ROE | Strong 25.8% rev growth | Watchlist One-name heavy |
Diversified Financial 1 stocks | 0.0% $4.67B | Neutral -4.5% median 3M | Premium 12.1x median Fwd P/E | Mixed 3.3% median ROE | Weak -20.9% rev growth | Mixed One-name heavy |
Income Asset Management 6 stocks | 0.0% $1.61B | Neutral -8.1% median 3M | Premium 6.6x median Fwd P/E | Mixed 2.4% median ROE | Average -33.2% rev growth | Mixed One-name heavy |
Other 2 stocks | 0.0% $874M | Leading -0.5% median 3M | Premium 43.8x median Fwd P/E | Weak 4.0% median ROE | Weak - rev growth | Mixed One-name heavy |
Crypto Asset Management 5 stocks | 0.0% $874M | Neutral +17.3% median 3M | Premium 10.1x median Fwd P/E | Weak -8.4% median ROE | Strong 12.7% rev growth | Mixed One-name heavy |
IT Services 1 stocks | 0.0% $794M | Lagging -14.2% median 3M | Premium - median Fwd P/E | Weak -61.3% median ROE | Strong 97.8% rev growth | Broken One-name heavy |
Shell Companies 2 stocks | 0.0% $90M | Neutral -3.9% median 3M | Cheap 0.5x median Fwd P/E | Weak 2.9% median ROE | Weak - rev growth | Mixed One-name heavy |
Internet Services 1 stocks | 0.0% $6M | Lagging -55.9% median 3M | Fair - median Fwd P/E | Weak - median ROE | Strong - rev growth | Broken One-name heavy |
Showing 24 of 24 industries in Financial Services.
Setup is a quick read of value, quality, growth, momentum, and concentration together.
Earnings Calendar
Earnings reports are the biggest near-term catalysts for sector moves. Track which names report in the next 60 days and size your positions accordingly.
NU
$75.84BNu Holdings Ltd.
Thu, Nov 12
BN
$83.29BBrookfield Corporation
Thu, Nov 12
MUFG
$261.62BMitsubishi UFJ Financial Group, Inc.
Fri, Nov 13
SMFG
$100.07BSumitomo Mitsui Financial Group, Inc.
Fri, Nov 13
MFG
$135.83BMizuho Financial Group, Inc.
Fri, Nov 13
BMO
$116.33BBank of Montreal
Wed, Dec 2
BNS
$110.62BThe Bank of Nova Scotia
Wed, Dec 2
RY
$274.22BRoyal Bank of Canada
Thu, Dec 3
CM
$103.4BCanadian Imperial Bank of Commerce
Thu, Dec 3
TD
$199.67BThe Toronto-Dominion Bank
Thu, Dec 3