Sector Report4 min read
Financials: 22 A-Grades, Five Banks Bleeding
Payments and exchanges print cash. The megabanks? Still burning it faster than they can explain.
Sep 7, 2026
CMEVMACOF+11
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
Payments and exchanges print cash. The megabanks? Still burning it faster than they can explain.
Payments and exchanges print money. The biggest banks still burn it. Six F-grades are all improving, but from deeply negative baselines.
The sector splits clean: exchanges and payments print cash, megabanks burn it. Twenty companies improving can't hide the bottom five.