Financial Stocks
Track 75 financial companies from the S&P 500 and NASDAQ 100 indices with historical returns, performance rankings, and investment analysis.
What's Driving Financial Stock Returns?
Updated: Nov 2026Financial stocks are among the most interest-rate sensitive in the market. Higher rates typically boost bank net interest margins (the spread between lending and deposit rates), while lower rates pressure profitability. The 2023 regional banking crisis (SVB, First Republic) created a flight to quality, benefiting mega-cap banks like JPMorgan.
Insurance currently lead the sector with an average 1-year return of +22.2%, while Banks lag at +19.4%. Credit quality concerns and commercial real estate exposure remain key risks for banks.
Key themes driving returns: interest rate trajectory, credit card delinquencies, commercial real estate exposure, and fintech competition. Payment processors (V, MA, PYPL) trade as growth stocks despite being classified as financials.
Of the 75 financial stocks tracked, 61 delivered positive returns over the past year while 14 declined. The top performer, STT, returned +50.8%, while SBNY was the weakest at -69.2%. The median financial stock returned +14.8%.
Top 5 by 1-Year Return
Financial Stocks Monthly Returns (Dec'25 – Nov'26)
Which financial stocks are winning? Use this heatmap to identify the best and worst performers, spot which months hurt or helped specific stocks, and compare volatility across the sector. Over the past 12 months, 56 stocks gained while 19 declined. The leader is BEN at +47.0%; the laggard is SBNY at -68.5%.
| Stock | Dec'25 | Jan'26 | Feb'26 | Mar'26 | Apr'26 | May'26 | Jun'26 | Jul'26 | Aug'26 | Sep'26 | Oct'26 | Nov'26 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| BEN | +7% | +11% | -0% | -10% | +27% | +4% | +8% | +2% | +1% | -5% | -1% | — | +47.0% |
| STT | +8% | +2% | -2% | -2% | +22% | +2% | +9% | +9% | +4% | -9% | -2% | — | +46.0% |
| VOYA | +6% | +3% | -12% | +2% | +20% | -0% | +11% | +10% | +2% | -7% | +4% | — | +41.9% |
| TRV | -1% | -2% | +8% | -5% | +5% | -4% | +14% | +13% | -2% | -2% | +11% | — | +37.4% |
| PFG | +5% | +7% | +1% | -5% | +12% | +3% | +5% | +5% | -3% | +2% | -0% | — | +36.2% |
| BNY | +4% | +4% | -1% | -0% | +14% | +4% | +4% | +9% | +3% | -10% | +2% | — | +33.6% |
| MET | +3% | -0% | -8% | -2% | +13% | +4% | +2% | +14% | -0% | -1% | +6% | — | +33.4% |
| EG | +8% | -2% | +1% | -2% | +9% | -9% | +11% | +5% | +0% | -2% | +13% | — | +33.1% |
| NTRS | +5% | +9% | -4% | -2% | +19% | -1% | +6% | +5% | +2% | -8% | -0% | — | +31.5% |
| CBOE | -3% | +6% | +13% | -6% | +7% | +11% | -27% | +28% | -3% | -8% | +22% | — | +30.9% |
| AIZ | +6% | -1% | -3% | -5% | +8% | +5% | +8% | +4% | +1% | -7% | +11% | — | +30.2% |
| FITB | +9% | +7% | -1% | -5% | +9% | -2% | +14% | +0% | -5% | -5% | +7% | — | +28.1% |
| USB | +10% | +5% | -3% | -4% | +9% | -3% | +11% | +4% | -2% | -5% | +3% | — | +25.9% |
| ZION | +10% | +2% | -4% | +1% | +10% | -1% | +11% | +1% | -4% | -6% | +4% | — | +25.5% |
| V | +5% | -8% | -0% | -6% | +9% | -1% | +5% | +7% | +4% | -5% | +15% | — | +24.4% |
| ALL | -2% | -4% | +8% | -3% | +5% | -5% | +16% | +11% | -2% | -14% | +17% | — | +24.4% |
| CB | +5% | -1% | +10% | -4% | +0% | -5% | +10% | +3% | -3% | -4% | +12% | — | +24.1% |
| PNC | +9% | +8% | -5% | -2% | +8% | -1% | +11% | +2% | -4% | -7% | +3% | — | +23.4% |
| CFG | +8% | +8% | -4% | -0% | +9% | -4% | +13% | +3% | -4% | -7% | +1% | — | +21.4% |
| FDS | +5% | -12% | -14% | +0% | +5% | +8% | -6% | +14% | +20% | -14% | +22% | — | +20.5% |
| C | +13% | -1% | -4% | +3% | +13% | -1% | +11% | -5% | -0% | -2% | -5% | — | +20.2% |
| KEY | +14% | +4% | -4% | -2% | +10% | -4% | +9% | -2% | -4% | -6% | +5% | — | +19.6% |
| MTB | +7% | +10% | -2% | -4% | +6% | -1% | +11% | +3% | -5% | -6% | +1% | — | +19.4% |
| GL | +4% | +0% | +4% | -4% | +11% | -1% | +17% | +2% | -5% | -4% | -4% | — | +19.0% |
| NDAQ | +7% | -0% | -10% | -3% | +8% | +1% | -15% | +20% | +5% | -6% | +15% | — | +18.4% |
| ··· 25 stocks in middle ··· | |||||||||||||
| L | -2% | +0% | +4% | -3% | +6% | -8% | +9% | +2% | -7% | -4% | +7% | — | +3.4% |
| WTW | +3% | -3% | -4% | -4% | -12% | -3% | +5% | +29% | +1% | -15% | +13% | — | +2.4% |
| MKTX | +11% | -7% | +14% | -14% | -5% | -17% | -13% | +43% | +1% | +1% | +1% | — | +2.4% |
| RJF | +3% | +4% | -8% | -5% | +10% | -9% | +6% | +16% | +1% | -11% | -0% | — | +1.8% |
| MCO | +4% | +1% | -7% | -8% | +6% | -2% | -0% | +6% | +6% | -10% | +9% | — | +1.3% |
| HBAN | +7% | +1% | -4% | -6% | +7% | -2% | +9% | -4% | -2% | -8% | +3% | — | +0.5% |
| SPGI | +5% | +1% | -16% | -4% | +1% | -1% | -4% | +7% | +6% | -9% | +18% | — | -0.5% |
| WFC | +9% | -3% | -10% | -2% | +3% | -5% | +7% | +5% | +1% | -7% | +4% | — | -1.3% |
| SYF | +8% | -13% | -4% | -2% | +12% | -6% | +6% | -0% | +2% | -8% | +6% | — | -1.4% |
| HIG | +1% | -2% | +4% | -4% | +1% | -7% | +5% | +7% | -3% | -11% | +8% | — | -1.5% |
| WRB | -8% | -2% | +5% | -8% | +1% | -5% | +12% | +3% | -7% | +0% | +9% | — | -2.3% |
| SCHW | +8% | +4% | -8% | -1% | -2% | -4% | +6% | +14% | +5% | -11% | -10% | — | -4.1% |
| BAC | +3% | -3% | -6% | -2% | +10% | -3% | +11% | +9% | -0% | -12% | -8% | — | -4.8% |
| WAL | +3% | +6% | -9% | -12% | +15% | -2% | +3% | -2% | -2% | -4% | +2% | — | -5.0% |
| COF | +11% | -10% | -10% | -7% | +5% | -1% | +7% | +4% | +3% | -10% | +6% | — | -5.4% |
| PYPL | -7% | -10% | -12% | -2% | +11% | -11% | -3% | +32% | -8% | -0% | +9% | — | -8.3% |
| AON | -0% | -1% | -4% | -4% | -3% | +2% | +5% | +9% | -11% | -14% | +16% | — | -8.7% |
| APO | +10% | -7% | -22% | +7% | +16% | +0% | -8% | +6% | +9% | -15% | -0% | — | -11.0% |
| AXP | +1% | -5% | -12% | -2% | +7% | -2% | +7% | -0% | -2% | -8% | +5% | — | -11.7% |
| BRO | -1% | -10% | -0% | -9% | -8% | -6% | +14% | +10% | +3% | -16% | +15% | — | -12.6% |
| BX | +5% | -8% | -19% | +1% | +9% | -6% | +1% | +9% | +13% | -22% | +6% | — | -16.5% |
| KKR | +4% | -10% | -23% | +6% | +13% | -8% | -4% | +11% | +8% | -17% | +3% | — | -22.4% |
| HOOD | -12% | -12% | -24% | -9% | +5% | +29% | +6% | -14% | +21% | +7% | -24% | — | -33.9% |
| COIN | -17% | -14% | -10% | -1% | +8% | +1% | -23% | +0% | +29% | -1% | -23% | — | -47.4% |
| SBNY | +58% | -5% | -21% | -13% | +5% | -26% | -10% | -11% | -45% | +36% | -33% | — | -68.5% |
All Financial Stocks
The table below lists all 75 financial stocks sorted by market capitalization. The three largest — BRK-B, JPM, V — represent 34% of the sector's total $8.4T market cap. Over five years, 65 of these stocks have delivered positive returns.
| Stock | Market Cap | 1Y Return | 5Y Return | 10Y Return |
|---|---|---|---|---|
| BRK-B Berkshire Hathaway Inc. | $1.2T | +13.4% | +86.9% | +277.8% |
| JPM JPMorgan Chase & | $895B | +11.0% | +123.2% | +538.5% |
| V Visa Inc. | $773B | +20.8% | +83.7% | +439.0% |
| MA Mastercard Incorporated | $556B | +16.0% | +82.2% | +557.7% |
| BAC Bank of America | $345B | -3.7% | +19.0% | +275.0% |
| MS Morgan Stanley | $288B | +14.7% | +113.3% | +634.6% |
| GS The Goldman Sachs | $260B | +15.4% | +143.5% | +529.8% |
| WFC Wells Fargo & | $250B | -0.9% | +86.1% | +143.6% |
| AXP American Express Company | $214B | -10.1% | +86.1% | +442.6% |
| C Citigroup Inc. | $203B | +25.0% | +105.4% | +234.2% |
| BLK BlackRock, Inc. | $186B | +6.7% | +40.1% | +324.7% |
| SCHW The Charles Schwab | $152B | -5.5% | +13.6% | +210.1% |
| BX Blackstone Inc. | $142B | -16.9% | +1.1% | +667.4% |
| CB Chubb Limited | $139B | +32.1% | +106.8% | +254.8% |
| SPGI S&P Global Inc. | $135B | +1.2% | +15.0% | +335.8% |
| PGR The Progressive Corporation | $134B | +19.0% | +168.2% | +858.0% |
| COF Capital One Financial | $126B | -4.7% | +32.6% | +225.6% |
| CME CME Group Inc. | $109B | +19.8% | +71.8% | +327.9% |
| BNY The Bank of | $99B | +38.7% | +185.1% | +343.3% |
| MRSH Marsh & McLennan | $95B | +14.7% | +28.6% | +265.5% |
| ICE Intercontinental Exchange, Inc. | $94B | +15.2% | +35.5% | +260.2% |
| USB U.S. Bancorp | $93B | +31.8% | +18.5% | +96.4% |
| PNC The PNC Financial | $91B | +29.1% | +26.8% | +241.2% |
| KKR KKR & Co. | $87B | -19.5% | +31.5% | +689.6% |
| MCO Moody's Corporation | $85B | +4.0% | +33.8% | +430.5% |
| TRV The Travelers Companies, | $81B | +48.4% | +169.7% | +352.6% |
| HOOD Robinhood Markets, Inc. | $77B | -38.4% | +117.9% | N/A |
| AJG Arthur J. Gallagher | $71B | +6.6% | +77.0% | +558.8% |
| APO Apollo Global Management, | $68B | -4.6% | +59.6% | +859.9% |
| AON Aon plc | $68B | -1.5% | +4.2% | +220.8% |
| ALL The Allstate Corporation | $66B | +38.0% | +126.8% | +379.2% |
| MET MetLife, Inc. | $64B | +30.0% | +77.1% | +238.0% |
| AFL Aflac Incorporated | $62B | +18.4% | +143.5% | +350.2% |
| NDAQ Nasdaq, Inc. | $59B | +25.6% | +69.4% | +463.7% |
| TFC Truist Financial Corporation | $58B | +14.8% | -3.9% | +88.9% |
| FITB Fifth Third Bancorp | $49B | +32.7% | +42.7% | +260.9% |
| PYPL PayPal Holdings, Inc. | $47B | -15.1% | -76.7% | +30.6% |
| STT State Street Corporation | $46B | +50.8% | +101.5% | +218.7% |
| MSCI MSCI Inc. | $45B | +8.4% | +1.2% | +739.9% |
| AIG American International Group, | $43B | +7.3% | +54.0% | +75.7% |
| AMP Ameriprise Financial, Inc. | $43B | +9.5% | +77.2% | +513.0% |
| PRU Prudential Financial, Inc. | $40B | +18.9% | +30.6% | +121.2% |
| COIN Coinbase Global, Inc. | $38B | -56.3% | -55.9% | N/A |
| HIG The Hartford Insurance | $35B | +9.3% | +98.5% | +285.4% |
| CBOE Cboe Global Markets, | $35B | +42.7% | +175.3% | +495.0% |
| ACGL Arch Capital Group | $35B | +22.8% | +158.1% | +332.3% |
| HBAN Huntington Bancshares Incorporated | $32B | +7.0% | +18.3% | +138.1% |
| MTB M&T Bank Corporation | $32B | +24.2% | +62.4% | +146.9% |
| NTRS Northern Trust Corporation | $31B | +36.1% | +59.0% | +212.2% |
| RJF Raymond James Financial, | $30B | +0.9% | +65.7% | +364.8% |
| WTW Willis Towers Watson | $30B | +3.7% | +41.7% | +194.0% |
| CINF Cincinnati Financial Corporation | $28B | +20.0% | +66.2% | +229.7% |
| WRB W. R. Berkley | $27B | +6.1% | +128.4% | +458.4% |
| CFG Citizens Financial Group, | $27B | +29.8% | +57.0% | +260.3% |
| AFRM Affirm Holdings, Inc. | $25B | +6.6% | -54.1% | N/A |
| SYF Synchrony Financial | $25B | +4.1% | +72.2% | +237.1% |
| RF Regions Financial Corporation | $24B | +22.8% | +45.1% | +287.2% |
| PFG Principal Financial Group, | $24B | +39.6% | +91.3% | +207.2% |
| BRO Brown & Brown, | $23B | -12.4% | +8.8% | +304.4% |
| L Loews Corporation | $23B | +12.1% | +96.4% | +185.0% |
| KEY KeyCorp | $22B | +25.6% | +11.9% | +146.1% |
| TROW T. Rowe Price | $22B | +7.1% | -37.0% | +129.6% |
| BEN Franklin Templeton Inc. | $16B | +45.8% | +30.4% | +51.5% |
| EG Everest Group, Ltd. | $15B | +35.3% | +60.1% | +162.6% |
| AIZ Assurant, Inc. | $14B | +39.8% | +93.5% | +328.1% |
| GL Globe Life Inc. | $12B | +21.1% | +78.8% | +172.2% |
| IVZ Invesco Ltd. | $12B | +22.0% | +38.5% | +45.8% |
| FDS FactSet Research Systems | $12B | +24.7% | -19.6% | +137.2% |
| CMA Comerica Incorporated | $11B | +37.4% | +85.6% | +308.4% |
| ZION Zions Bancorporation, National | $10B | +29.7% | +17.5% | +169.8% |
| VOYA Voya Financial, Inc. | $9B | +37.1% | +57.5% | +263.1% |
| WAL Western Alliance Bancorporation | $8B | +1.6% | -28.3% | +134.8% |
| LNC Lincoln National Corporation | $8B | +5.5% | -29.5% | +25.4% |
| MKTX MarketAxess Holdings Inc. | $6B | +5.3% | -56.7% | +19.9% |
| SBNY Signature Bank | $60M | -69.2% | N/A | N/A |
About Financial Stocks
The financial sector represents 75 companies in our US market coverage, with a combined market capitalization of $8.4T. These stocks span banks, insurance companies, asset managers, payment processors, and diversified financial services.
The sector is anchored by mega-caps: BRK-B ($1.2T), JPM ($895B), and V ($773B) together account for 34% of the sector's total market value.
Industry Performance Breakdown
Other Key Financial Industries
Investing in Financial Stocks
Financial stocks are cyclical and highly sensitive to interest rates, economic growth, and credit quality. They typically outperform in rising rate environments but face headwinds when credit conditions deteriorate.
For diversified exposure, investors often consider the Financial Select Sector SPDR Fund (XLF), which provides broad financial sector coverage in a single investment.
Frequently Asked Questions About Financial Stocks
What are the best financial stocks?
The top-performing financial stock over the past year is STT with a return of +50.8%. The sector covers 75 companies with a combined market cap of $8.4T, spanning banks, insurers, payment processors, and asset managers. Over five years, 65 of these stocks have delivered positive returns.
How do bank stocks perform when interest rates rise?
Higher interest rates generally benefit banks by widening net interest margins -- the spread between what they earn on loans and pay on deposits. Currently, banks have an average 1-year return of +19.4%. However, rapidly rising rates can also increase loan defaults and reduce borrowing demand, so the relationship is not always straightforward.
What are the best financial sector ETFs?
The most popular financial ETF is XLF (Financial Select Sector SPDR), which provides broad exposure to S&P 500 financial companies including banks, insurers, and capital markets firms. Other options include KBE (SPDR S&P Bank ETF) for pure bank exposure, KRE (SPDR S&P Regional Banking) for regional banks, and VFH (Vanguard Financials) for a low-cost broad approach.
What is the difference between big banks and regional banks?
Big banks (JPM, BAC, WFC, C) are diversified across investment banking, trading, wealth management, and consumer lending. Regional banks focus primarily on traditional lending in specific geographic areas. Mega-cap banks tend to be more resilient during crises, as demonstrated during the 2023 regional banking turmoil when depositors moved funds to larger institutions.
Are financial stocks good for dividends?
Many financial stocks pay attractive dividends, particularly large banks and insurance companies. The sector's average 1-year return of +13.4% includes both price appreciation and dividend income. Banks are required to maintain capital reserves, which can limit dividends during stress periods, but established financials have a strong track record of returning capital to shareholders.