Top 3 Picks
2026 Outlook
For 2026, sector growth is supported by expected M&A rebound, sustained net interest margins from higher-for-longer rates, and expanding retail participation via platforms like SCHW. Risks include regulatory scrutiny on capital requirements and fintech disruption, yet top firms' scale should drive 8-12% EPS expansion.
Complete Rankings
| Rank | Stock | Score | Price | Market Cap |
|---|---|---|---|---|
|
1
|
Morgan Stanley
|
63.2 | $217.72 | $250.4B |
|
2
|
Goldman Sachs Group Inc.
|
63.0 | $1038.61 | $237.8B |
|
3
|
Stifel Financial Corp.
|
62.7 | $81.49 | $11.4B |
|
4
|
Raymond James Financial, Inc.
|
61.1 | $178.29 | $33.1B |
|
5
|
The Charles Schwab Corporation
|
57.1 | $109.29 | $167.5B |
|
6
|
Jefferies Financial Group Inc.
|
52.4 | $55.23 | $13.1B |
|
7
|
Blackrock, Inc.
|
51.9 | $1122.29 | $176.7B |
|
8
|
MarketAxess Holdings Inc.
|
50.2 | $163.38 | $6.4B |
|
9
|
Piper Sandler Companies
|
48.8 | $77.04 | $6.0B |
|
10
|
Oppenheimer Holdings, Inc.
|
48.3 | $122.89 | $763M |
|
11
|
Interactive Brokers Group, Inc. Class A Common Stock
|
45.9 | $92.62 | $30.6B |
|
12
|
Robinhood Markets, Inc. Class A Common Stock
|
43.5 | $122.11 | $123.7B |
|
13
|
Navient Corporation
|
43.2 | $9.63 | $1.3B |
|
14
|
Freedom Holding Corp.
|
41.6 | $164.54 | $10.2B |
|
15
|
Galaxy Digital Inc. Class A Common Stock
|
41.6 | $26.33 | $6.2B |
In-Depth Analysis: Top Securities Brokers Stocks
MS
Morgan Stanley is a massive global financial services firm, with offices in 42 countries and more than 80,000 employees as of year-end 2024. The firm cut its teeth in investment banking and institutional trading, where it maintains a strong presence today, but generates the lion share of its income from wealth and asset management franchises, where it boasted $7.9 trillion …
Morgan Stanley stands as a top-tier global securities broker with operations spanning 42 countries and over 80,000 employees, maintaining leadership in investment banking and institutional trading that define the sector's core activities.
A 25.9% profit margin and 18.0% ROE reflect efficient operations and strong returns on equity, while 28.0% revenue growth signals healthy expansion and solid financial health in a capital-intensive industry.
At a P/E of 17.6, MS offers attractive valuation relative to its growth trajectory and 63.2/100 Tradestie Score. Its scale in high-margin institutional trading and diversified revenue streams position the firm for earnings gains through 2026 as capital markets activity rebounds. Investors gain exposure to sector leadership with proven capital efficiency.
GS
Goldman Sachs is a storied financial institution, founded in 1869 and best known for its role as a leading global investment bank. The firm has a sprawling reach across global financial centers and has been the leading provider of global merger and acquisition advisory services, by revenue, for the past 20 years. Since the global financial crisis, Goldman has expanded …
Goldman Sachs, founded in 1869, leads the Securities Brokers sector as the top global provider of M&A advisory services by revenue, with operations spanning major financial centers and a dominant role in investment banking.
With a 31.0% profit margin, 16.9% ROE, and 42.5% revenue growth, Goldman Sachs demonstrates strong profitability and financial health; its P/E of 16.0 reflects efficient capital use amid sector-leading advisory volumes.
Investors should consider GS in 2026 due to its 42.5% revenue growth and 31.0% margins positioning it for sustained M&A leadership, combined with a moderate 16.0 P/E that offers value relative to earnings power and a 63.0/100 Tradestie Score indicating stable upside in expanding deal activity.
SF
Stifel Financial Corp is a middle-market-focused investment bank that produces more than 90% of its revenue in the United States. Approximately 67% of the company's net revenue is derived from its world-wide wealth management division, which supports over 2,000 financial advisors, with the remainder coming from its institutional securities business. Stifel has a history of being an active acquirer of …
Stifel Financial Corp stands out in the Securities Brokers sector as a middle-market-focused investment bank generating over 90% of revenue in the US, with 67% derived from its wealth management division supporting more than 2,000 financial advisors.
Stifel's 16.3% profit margin and 16.4% ROE reflect solid operational efficiency and returns, while 12.7% revenue growth underscores expanding scale at a P/E ratio of 14.3.
Investors should consider SF in 2026 due to its 12.7% revenue growth and 16.4% ROE, which signal resilient US-centric wealth management amid middle-market demand, combined with an attractive 14.3 P/E and 62.7/100 Tradestie Score positioning it for multiple expansion.
RJF
Raymond James Financial is a diversified financial services firm that provides wealth management, investment banking, asset management, and capital markets services to individuals, corporations, and municipalities. The firm maintains an extensive catalogue of products and services across its business lines. However, the wealth management franchise generates the bulk of its revenues and earnings through a vast network of nearly 8,800 …
Raymond James Financial ranks as a top-tier diversified broker in the Securities Brokers sector, delivering wealth management, investment banking, asset management, and capital markets services to individuals, corporations, and municipalities through an extensive product catalogue.
RJF posts a 15.1% profit margin and 18.4% ROE alongside 15.1% revenue growth, reflecting efficient operations and solid earnings power, while its 15.8 P/E ratio indicates reasonable valuation for the sector.
Sustained 15.1% revenue growth and 18.4% ROE position RJF to capture market share gains in 2026 as wealth management demand rises. The firm's diversified platform offers downside protection versus pure-play brokers, supporting potential multiple expansion above the current 15.8 P/E. A Tradestie Score of 61.1/100 further signals room for operational improvements that could enhance returns.
SCHW
Charles Schwab is one of the largest retail-oriented financial services companies in the US, with $10.1 trillion in client assets across its brokerage, banking, asset-management, custody, financial advisory, and wealth-management businesses at year-end 2024. While best known for its retail brokerage offering, Schwab generates the lion's share of its revenue and profits through its Charles Schwab Bank and asset-management segments. …
Charles Schwab is a dominant player in the Securities Brokers sector, managing $10.1 trillion in client assets across brokerage, banking, asset management, and wealth advisory services as of year-end 2024, making it one of the largest retail-oriented financial services firms in the US.
Schwab's 38.8% profit margin and 20.3% ROE reflect strong operational efficiency and returns on equity, while 20.9% revenue growth signals robust top-line expansion backed by scale in client assets and a P/E of 19.7 indicating reasonable valuation relative to earnings.
With $10.1 trillion in client assets driving fee and interest income, Schwab's 20.9% revenue growth and 38.8% margins position it for earnings expansion in 2026 amid rising retail participation and stabilized rates. The 20.3% ROE supports capital returns and reinvestment, potentially lifting the stock as the P/E of 19.7 offers entry at moderate multiples for sector leaders. Investors may benefit from Schwab's scale advantages in custody and advisory as market volumes increase.
JEF
Jefferies is a full-service investment banking and capital markets firm that was founded in 1962. After nearly 30 years of focusing on institutional trading services, it entered the investment banking industry in the early 1990s, which ultimately grew into the core business. In 2013, Jefferies merged with Leucadia, a manufacturing-focused holding company. Since merging, Jefferies became the bedrock of the …
Jefferies Financial Group Inc. matters in the Securities Brokers sector as a full-service investment bank and capital markets firm that shifted its core focus from institutional trading to investment banking in the 1990s, enabling it to compete in high-value advisory and underwriting activities.
Jefferies reports a strong 23.0% profit margin and 35.0% revenue growth, indicating solid operational leverage and top-line expansion, while its 6.6% ROE and 15.4 P/E reflect moderate capital efficiency at current valuations.
Investors should consider buying JEF in 2026 on the back of 35.0% revenue growth that signals sustained momentum in investment banking and capital markets. The 15.4 P/E offers an attractive entry point relative to growth, with potential for ROE expansion from 6.6% to drive earnings multiples higher if market activity remains elevated.
BLK
BlackRock is the largest asset manager in the world, with $12.528 trillion in assets under management at the end of June 2025. Its product mix is diverse, with 54% of managed assets in equity strategies, 25% in fixed income, 8% in multi-asset classes, 8% in money market funds, and 5% in alternatives. Passive strategies account for two-thirds of long-term AUM, …
BlackRock is the world's largest asset manager with $12.528 trillion in AUM, holding dominant positions across 54% equity and 25% fixed income strategies that shape capital flows in the Securities Brokers sector.
BlackRock reports a 24.1% profit margin and 30.6% revenue growth alongside a 12.3% ROE, reflecting efficient operations and strong top-line expansion at a P/E of 26.5.
BlackRock's scale and diversified mix of equity, fixed income, and alternatives position it to capture continued AUM inflows through 2026. The 30.6% revenue growth and 24.1% profit margin support earnings expansion that can sustain the current 26.5 P/E valuation. Its market leadership in the sector offers investors exposure to structural asset growth trends.
MKTX
Founded in 2000, MarketAxess is a leading electronic fixed-income trading platform that connects broker/dealers and institutional investors. The company is primarily focused on credit based fixed income securities with its main trading products being US investment-grade and high-yield bonds, Eurobonds, and Emerging Market corporate debt. Recently the company has expanded more aggressively into Treasuries and municipal bonds with the acquisitions …
MarketAxess Holdings Inc. operates the leading electronic platform for credit fixed-income securities, directly linking broker/dealers and institutional investors in US investment-grade, high-yield bonds, and Eurobonds within the Securities Brokers sector.
Profit margin of 35.2% and ROE of 23.1% demonstrate strong earnings efficiency and capital returns, while -0.5% revenue growth and P/E of 19.2 indicate stable but maturing operations with limited top-line expansion.
Electronic trading adoption in fixed-income markets is expected to accelerate through 2026, expanding MarketAxess's addressable volume beyond current levels. High margins and ROE of 23.1% provide operating leverage for earnings growth once revenue stabilizes above the -0.5% rate. At a P/E of 19.2, the shares offer a data-supported entry for sector-specific platform recovery.
PIPR
Piper Sandler Cos is an investment bank and institutional securities firm, serving the needs of corporations, private equity groups, public entities, non-profit entities and institutional investors in the United States (U.S.) and internationally. The company provides a broad set of products and services, including financial advisory services; equity and debt capital markets products; public finance services; institutional brokerage services; fundamental …
Piper Sandler Companies serves as a key middle-market participant in the Securities Brokers sector, delivering investment banking, equity research, and institutional trading services to corporations, private equity groups, and public entities across the U.S. and select international markets.
The firm posts a 14.5% profit margin alongside a 24.5% ROE, reflecting efficient capital deployment and solid earnings power, while 24.9% revenue growth underscores expanding client activity in advisory and brokerage lines.
PIPR's 24.9% revenue expansion and 24.5% ROE position it for earnings growth into 2026 as middle-market M&A and capital markets activity recover. Its 17.4 P/E offers a reasonable valuation for a securities firm with above-average returns on equity, supporting potential multiple expansion if trading volumes and deal flow increase.
OPY
Oppenheimer Holdings Inc conducts activities in the securities industry. The company is involved in retail securities brokerage, investment banking (both corporate and public finance), institutional sales and trading, market-making, research, trust services, and investment advisory and asset management services. The company has two segments: Wealth Management, and Capital Markets. IT generates maximum revenue from Wealth Management Segment which includes commissions …
Oppenheimer Holdings operates as a diversified securities broker with retail brokerage, corporate and public finance investment banking, institutional sales and trading, market-making, and asset management services, supporting capital formation and liquidity in the sector.
A 6.0% profit margin paired with 10.8% ROE indicates moderate returns on equity, while 24.1% revenue growth demonstrates strong top-line momentum and the P/E of 13.0 reflects a reasonable earnings multiple relative to current profitability.
Revenue growth of 24.1% positions Oppenheimer for continued expansion in brokerage and advisory volumes through 2026. The P/E ratio of 13.0 provides a value entry point that could compress upward if ROE rises above 10.8%. Sector cyclical recovery would amplify fee income across its retail and institutional platforms.
Methodology
Stocks are ranked using the Tradestie Score, a proprietary 0-100 rating that combines fundamental quality (profitability, balance sheet strength), growth metrics (revenue and earnings growth), valuation (P/E, PEG ratio), and momentum factors. Scores are updated daily based on the latest market data. Learn more about our methodology.