Sector Report5 min read
Financials: 22 A-Grades Hiding Five Banking Disasters
Payment networks and exchanges print 50%+ margins while traditional banks bleed cash. The sector split is stark.
Jun 5, 2026
CMEVMACOF+19
Banks, investment firms, insurance, payments, and financial services
Sector classifications follow the GICS industry standard.
Companies ranked by free cash flow margin
Health grades across the sector
| # | Symbol | Grade | FCF Margin |
|---|---|---|---|
| 1 | CME | A | 62.9% |
| 2 | V | A | 51.7% |
| 3 | MA | A | 48.3% |
| 4 | COF | A | 47.5% |
| 5 | SCHW | A | 35.3% |
| 6 | SPGI | A | 34.0% |
| 7 | ICE | A | 28.7% |
| 8 | TFC | A | 28.2% |
| 9 | USB | A | 27.9% |
| 10 | MET | A | 22.6% |
| 11 | COIN | A | 22.1% |
| 12 | TRV | A | 21.7% |
| 13 | CB | A | 21.4% |
| 14 | AXP | A | 21.4% |
| 15 | PGR | A | 19.5% |
| 16 | PNC | A | 19.0% |
| 17 | MMC | A | 18.5% |
| 18 | AON | A | 16.2% |
| 19 | ALL | A | 14.7% |
| 20 | PYPL | A | 13.8% |
| 21 | AIG | A | 12.4% |
| 22 | PRU | A | 10.3% |
| 23 | BLK | B | 9.3% |
| 24 | BAC | F | 7.6% |
| 25 | WFC | F | -22.7% |
| 26 | MS | F | -34.4% |
| 27 | JPM | F | -81.3% |
| 28 | GS | F | -86.9% |
| 29 | C | F | -87.0% |
Run the analyzer on these tickers to see their grades
Payment networks and exchanges print 50%+ margins while traditional banks bleed cash. The sector split is stark.
The sector median is 19.5%, but the money center banks are all failing. The gap between payments and traditional banking keeps widening.
Payments and exchanges print cash. Big banks bleed it. The split is getting worse.