Sector analysis · US
Financials: which companies drove growth
The 20 largest Financials companies by market cap at the end of Q2 2026 (30 Jun 2026), compared with Q1 2026.
The top 20 at Q2 2026
Q2 2026 vs Q1 2026: combined net profit $114.0B (+29%), median EPS +15% (17 of 20 up), market-cap-weighted price +10%. 20 of 20 reported.
| # | Company | Weight | EPS $, base → now | EPS growth | Contribution | Price |
|---|---|---|---|---|---|---|
| 1 | Berkshire Hathaway Inc. | 17.4% | 4.68 → 11.91 | +154% | +17.7 pp | +5% |
| 2 | JPMorgan Chase & Co. | 14.7% | 5.94 → 7.57 | +27% | +5.3 pp | +11% |
| 3 | Visa Inc. | 10.6% | 3.14 → 2.97 | −5% one source | −0.4 pp | +14% |
| 4 | Mastercard Incorporated | 7.4% | 4.35 → 4.97 | +14% one source | +0.6 pp | +4% |
| 5 | Bank of America Corporation | 6.7% | 1.11 → 1.20 | +8% | +0.6 pp | +19% |
| 6 | Morgan Stanley | 5.3% | 3.40 → 3.41 | 0% | −0.1 pp | +27% |
| 7 | The Goldman Sachs Group, Inc. | 5.0% | 17.55 → 20.98 | +20% | +1.1 pp | +21% |
| 8 | Wells Fargo & Company | 4.2% | 1.60 → 2.00 | +25% | +1.3 pp | +8% |
| 9 | Citigroup Inc. | 3.9% | 3.06 → 3.15 | +3% one source | +0.1 pp | +26% |
| 10 | American Express Company | 3.7% | 4.28 → 4.58 | +7% | +0.2 pp | +13% |
| 11 | The Charles Schwab Corporation | 2.6% | 1.37 → 1.54 | +12% | +0.4 pp | −1% |
| 12 | Interactive Brokers Group, Inc. | 2.4% | 0.59 → 0.69 | +17% one source | +0.1 pp | +29% |
| 13 | BlackRock, Inc. | 2.4% | 14.06 → 12.19 | −13% | −0.3 pp | 0% |
| 14 | Blackstone Inc. | 2.3% | 0.83 → 1.57 | +89% | +0.7 pp | +2% |
| 15 | Chubb Limited | 2.2% | 5.88 → 7.43 | +26% one source | +0.6 pp | +5% |
| 16 | The Progressive Corporation | 2.1% | 4.80 → 5.67 | +18% | +0.6 pp | +11% |
| 17 | Capital One Financial Corporation | 2.0% | 3.34 → 4.73 | +42% | +1.0 pp | +10% |
| 18 | S&P Global Inc. | 1.8% | 4.69 → 4.12 | −12% one source | −0.2 pp | −9% |
| 19 | The PNC Financial Services Group, Inc. | 1.6% | 4.13 → 4.81 | +16% | +0.3 pp | +20% |
| 20 | Bank of New York Mellon Corp | 1.6% | 2.24 → 2.43 | +8% | +0.1 pp | +22% |
| Sector earnings growth | 100% | +29.3 pp |
Who joined and who left
2 joined and 2 left the top 20 since Q1 2026, as market caps moved.
Joined the top 20 since Q1 2026
Left the top 20 since Q1 2026
- CME Group Inc.
- Intercontinental Exchange, Inc.
EPS growth by company, Q3 2023 to Q2 2026
Each company's EPS growth quarter on quarter, every quarter it was in the top 20.
| Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| BRK-B | to loss | turned profitable | −66% | +139% | −13% | −25% | −77% | +169% | +149% | −38% | −47% | +154% |
| JPM | −9% | −30% | +46% | +38% | −29% | +10% | +5% | +3% | −3% | −9% | +28% | +27% |
| V | +14% | +5% | −4% | +5% | +10% | −3% | −10% | +16% | −3% | +16% | +4% | −5% |
| MA | +13% | −12% | +8% | +9% | +1% | +3% | −1% | +13% | +7% | +4% | −4% | +14% |
| BAC | +2% | −61% | +117% | +9% | −2% | +1% | +10% | −1% | +19% | −8% | +14% | +8% |
| MS | +11% | −38% | +138% | −10% | +3% | +18% | +17% | −18% | +31% | −5% | +27% | 0% |
| GS | +78% | +1% | +109% | −26% | −3% | +42% | +18% | −22% | +12% | +14% | +25% | +20% |
| WFC | +18% | −42% | +40% | +11% | +7% | +1% | −3% | +15% | +4% | +1% | −4% | +25% |
| C | +23% | to loss | turned profitable | −4% | −1% | −11% | +46% | 0% | −5% | −36% | +157% | +3% |
| AXP | +14% | −21% | +27% | +25% | −16% | −13% | +20% | +12% | +1% | −15% | +21% | +7% |
| SCHW | −12% | −9% | +33% | −3% | +8% | +32% | +5% | +9% | +17% | +6% | +3% | +12% |
| IBKR | outside | outside | outside | outside | outside | outside | outside | outside | +16% | +7% | −6% | +17% |
| BLK | +18% | −14% | +15% | −5% | +9% | −2% | −9% | +6% | −17% | −15% | +96% | −13% |
| BX | −8% | −73% | +455% | −48% | +76% | −10% | −13% | +22% | −18% | +63% | −36% | +89% |
| CB | +15% | +62% | −35% | +4% | +4% | +11% | −48% | +123% | −5% | +16% | −27% | +26% |
| PGR | +232% | +78% | +17% | −37% | +60% | +1% | +9% | +24% | −18% | +13% | −4% | +18% |
| COF | outside | outside | outside | outside | outside | outside | outside | to loss | turned profitable | −33% | +2% | +42% |
| SPGI | +46% | −21% | +73% | +2% | −3% | −9% | +24% | −1% | +10% | −3% | +25% | −12% |
| PNC | outside | outside | outside | outside | outside | outside | outside | outside | outside | outside | outside | +16% |
| BNY | outside | outside | outside | outside | outside | outside | outside | outside | outside | outside | outside | +8% |