Financial Services Stocks
Top 10 of 97 IYG holdings, updated
As of 12 October 2026, financial services stocks are losing ground: still ahead of the S&P 500 over the longer run, but behind over the past month. IYG trails the S&P 500 by 6.1 points over one month and ranks #74 of 115 groups Zensei tracks. 30 of the 97 financial services stocks Zensei prices in IYG beat the fund this month.
Where financial services stocks stand now
As of 12 October 2026, Financial Services (IYG) ranks #74 of the 115 groups Zensei tracks by one-month return against the S&P 500. It is losing its lead. It built a 0.8-point advantage over the S&P 500 across the longer, time-shifted window, but over the past month it has slipped 6.1 points behind the market — the Cooling quadrant of the rotation map.
On the shorter tape, IYG's momentum is weakening: the intraday trend that carried the move is cooling across the shorter windows. IYG's relative-strength line has broken below its long-term average — the long-term outperformance trend is no longer intact. Both signals point the same direction here: the market is not rewarding this group on either horizon.
The exposure comes via iShares U.S. Financial Services ETF, whose 97 tracked holdings are led by Berkshire Hathaway Inc, Jpmorgan Chase & Co and Visa Inc. Weighted by portfolio, the fund's holdings trade at roughly 16.1× earnings. The thing to watch from here is whether this is a pause or a handoff: cooling groups sometimes reset and reclaim leadership, but a deepening one-month deficit usually means rotation has moved on.
Top financial services stocks right now
The largest financial services stocks by weight in IYG, and the strongest over the past month. Size and recent return are measurements, not recommendations.
Largest by fund weight
Share of IYG
- 1Berkshire Hathaway IncBRK-B13.4%
- 2Jpmorgan Chase & CoJPM12.9%
- 3Visa IncV8.8%
- 4Mastercard IncMA6.4%
- 5Bank of America CorpBAC5.2%
Strongest this month
1-month return, holdings Zensei prices
- 1Pershing Square IncPS+43.9%
- 2Factset Research Systems IncFDS+11.2%
- 3Tradeweb Markets IncTW+9.1%
- 4Affiliated Managers Group IncAMG+7.4%
- 5Morningstar IncMORN+7.2%
Financial Services Stocks vs the S&P 500
Over the week to 12 October 2026, IYG rose 1.9% while the S&P 500 rose 0.4%. IYG and SPY (the S&P 500) over every window Zensei tracks. The spread is the difference: positive means IYG won that window.
Prices as of · computed from daily adjusted closes · how we measure
Financial Services on the rotation map, against the 11 broad S&P 500 sectors. Vertical: 1-month spread vs the S&P 500. Horizontal: the longer, time-shifted window.
Are financial services stocks expensive?
The price-to-earnings ratio of IYG as a whole: the total price of its holdings over their total earnings, weighted by share of the fund. Holdings that lose money are left out.
IYG holdings: the financial services stocks inside
As of 12 October 2026, 30 of the 97 financial services stocks Zensei prices in IYG beat the fund over the past month. 11 of them beat the S&P 500. The strongest is Pershing Square Inc (PS); the weakest is Galaxy Digital Inc (GLXY). Inside the fund, the holdings split between winners and losers.
| # | Holding | Weight | 1M | 3M | vs fund 1M | Momentum | RS health |
|---|---|---|---|---|---|---|---|
| 1 | BRK-BBerkshire Hathaway Inc | 13.4% | +1.4% | +4.2% | +5.5 pts | Cruising | Strong |
| 2 | JPMJpmorgan Chase & Co | 12.9% | −5.6% | +0.5% | −1.6 pts | Weak | Broken |
| 3 | VVisa Inc | 8.8% | +5.1% | +9.0% | +9.1 pts | Accelerating | Strong |
| 4 | MAMastercard Inc | 6.4% | +4.7% | +10.8% | |||
| 5 | BACBank of America Corp | 5.2% | −13.0% | −7.8% | |||
| 6 | GSThe Goldman Sachs Group Inc | 4.0% | −13.1% | −14.0% | |||
| 7 | WFCWells Fargo & Co | 3.6% | −7.7% | −4.4% | |||
| 8 | MSMorgan Stanley | 3.4% | −11.4% | −13.6% | |||
| 9 | CCitigroup Inc | 3.2% | −5.0% | −5.8% | |||
| 10 | SCHWCharles Schwab Corp | 2.3% | −9.5% | −4.9% |
All 97 IYG holdings by weight: Berkshire Hathaway Inc (BRK-B) 13.4%, Jpmorgan Chase & Co (JPM) 12.9%, Visa Inc (V) 8.8%, Mastercard Inc (MA) 6.4%, Bank of America Corp (BAC) 5.2%, The Goldman Sachs Group Inc (GS) 4.0%, Wells Fargo & Co (WFC) 3.6%, Morgan Stanley (MS) 3.4%, Citigroup Inc (C) 3.2%, Charles Schwab Corp (SCHW) 2.3%, American Express Co (AXP) 2.3%, Blackrock Inc (BLK) 2.2%, Capital One Financial Corp (COF) 1.8%, S&p Global Inc (SPGI) 1.7%, Bank of New York Mellon Corp (BNY) 1.5%, Robinhood Markets Inc (HOOD) 1.4%, Cme Group Inc (CME) 1.4%, Blackstone Inc (BX) 1.3%, U.S. Bancorp (USB) 1.3%, Pnc Financial Services Group Inc (PNC) 1.3%, Intercontinental Exchange Inc (ICE) 1.2%, Moodys Corp (MCO) 1.0%, Kkr & Co Inc (KKR) 1.0%, Truist Financial Corp (TFC) 0.8%, Apollo Global Management Inc (APO) 0.8%, State Street Corp (STT) 0.7%, Fifth Third Bancorp (FITB) 0.7%, Ameriprise Financial Inc (AMP) 0.7%, n/a (COIN) 0.6%, Nasdaq Inc (NDAQ) 0.6%, Interactive Brokers Group Inc (IBKR) 0.6%, Msci Inc (MSCI) 0.6%, M&t Bank Corp (MTB) 0.5%, Northern Trust Corp (NTRS) 0.4%, Huntington Bancshares Inc (HBAN) 0.4%, Raymond James Financial Inc (RJF) 0.4%, Cboe Global Markets Inc (CBOE) 0.4%, n/a (ARES) 0.4%, Citizens Financial Group Inc (CFG) 0.4%, Lpl Financial Holdings Inc (LPLA) 0.4%, Regions Financial Corp (RF) 0.3%, Synchrony Financial (SYF) 0.3%, Sofi Technologies Inc (SOFI) 0.3%, T. Rowe Price Group Inc (TROW) 0.3%, Keycorp (KEY) 0.3%, First Citizens Bancshares Inc (FCNCA) 0.3%, East West Bancorp Inc (EWBC) 0.3%, Pinnacle Financial Partners Inc (PNFP) 0.2%, Equitable Holdings Inc (EQH) 0.2%, Invesco Ltd (IVZ) 0.2%, n/a (RKT) 0.2%, First Horizon Corp (FHN) 0.2%, Stifel Financial Corp (SF) 0.2%, Sei Investments Co (SEIC) 0.2%, Tradeweb Markets Inc (TW) 0.2%, Ally Financial Inc (ALLY) 0.1%, Popular Inc (BPOP) 0.1%, The Carlyle Group Inc (CG) 0.1%, Evercore Inc (EVR) 0.1%, Factset Research Systems Inc (FDS) 0.1%, Southstate Bank Corp (SSB) 0.1%, Cullen/Frost Bankers Inc (CFR) 0.1%, Umb Financial Corp (UMBF) 0.1%, Wintrust Financial Corp (WTFC) 0.1%, Franklin Templeton Inc (BEN) 0.1%, Zions Bancorp Na (ZION) 0.1%, Affiliated Managers Group Inc (AMG) 0.1%, Voya Financial Inc (VOYA) 0.1%, Firstcash Holdings Inc (FCFS) 0.1%, Corebridge Financial Inc (CRBG) 0.1%, Prosperity Bancshares Inc (PB) 0.1%, Western Alliance Bancorp (WAL) 0.1%, Commerce Bancshares Inc (CBSH) 0.1%, Houlihan Lokey Inc (HLI) 0.1%, Onemain Holdings Inc (OMF) 0.1%, Jefferies Financial Group Inc (JEF) 0.1%, Tpg Inc (TPG) 0.1%, Blue Owl Capital Inc (OWL) 0.1%, United Bankshares Inc (UBSI) 0.1%, Valley National Bancorp (VLY) 0.1%, F N B Corp (FNB) 0.1%, Mgic Investment Corp (MTG) 0.1%, Glacier Bancorp Inc (GBCI) 0.1%, Marketaxess Holdings Inc (MKTX) 0.1%, Galaxy Digital Inc (GLXY) 0.1%, Home Bancshares Inc (HOMB) 0.1%, Essent Group Ltd (ESNT) 0.1%, Radian Group Inc (RDN) 0.1%, Bank Ozk (OZK) 0.1%, Virtu Financial Inc (VIRT) 0.1%, Slm Corp (SLM) 0.1%, First Financial Bankshares Inc (FFIN) 0.1%, Morningstar Inc (MORN) 0.1%, Hamilton Lane Inc (HLNE) 0.1%, Bok Financial Corp (BOKF) 0.0%, Credit Acceptance Corp (CACC) 0.0%, Pershing Square Inc (PS) 0.0%.
Financial Services Stocks: common questions
What are the top 3 financial services stocks?
As of 12 October 2026, the three largest financial services stocks in IYG by fund weight are Berkshire Hathaway Inc (BRK-B) (13.4%), Jpmorgan Chase & Co (JPM) (12.9%) and Visa Inc (V) (8.8%). Fund weight shows size inside the fund, not a recommendation.
Which financial services stocks are beating the sector?
As of 12 October 2026, 30 of the 97 financial services stocks Zensei prices in IYG beat the fund over the past month. The strongest over the past month is Pershing Square Inc (PS). The list above shows every holding with its weight and returns.
Are financial services stocks outperforming the S&P 500?
No. As of 12 October 2026, IYG trails the S&P 500 by 6.1 points over the past month.
Is it a good time to invest in financial services stocks?
Zensei does not give investment advice, but it measures the trend. As of 12 October 2026, financial services stocks are ahead of the S&P 500 over the longer window but behind over the past month, a fading lead. The rotation map and the read on this page show whether that trend is building or fading.
What is IYG?
IYG is iShares U.S. Financial Services ETF. Zensei uses it to measure financial services stocks against the S&P 500 (SPY).
What stocks does IYG own?
As of 12 October 2026, the largest of the 97 positions Zensei tracks in IYG are Berkshire Hathaway Inc, Jpmorgan Chase & Co, Visa Inc, Mastercard Inc, Bank of America Corp. Each position measured against the fund, with momentum and relative strength, is part of Zensei Premium.
What quadrant is financial services in right now?
As of 12 October 2026, financial services is in the Cooling quadrant — still ahead over the longer window, but behind the market over the past month. The Zensei methodology page explains the quadrants.
Recent changes
- ·First tracked: losing ground
Related sectors
Track financial services against the whole market
Zensei Edge maps 100+ sectors and themes against the S&P 500 — with the stocks inside each one, rotation history and alerts when leadership changes hands.