Key Highlights

  • Two stocks are in Leading: Visa (V) and Mastercard (MA).
  • Six stocks are in Improving: Berkshire Hathaway (BRK.B), Wells Fargo (WFC), American Express (AXP), Goldman Sachs (GS), Morgan Stanley (MS) and JPMorgan Chase (JPM).
  • Two stocks remain in Lagging: Citigroup (C) and Bank of America (BAC).
  • No stocks are positioned in Weakening.
  • Goldman Sachs records the strongest daily gain: GS advanced 3.34%.
  • Citigroup and Morgan Stanley also delivered strong gains of 2.83% and 2.52%, respectively.
  • JPMorgan gained 1.64%, while Bank of America increased 0.70%.
  • Visa and Mastercard remain in Leading despite limited daily price performance.
  • Six of the 10 stocks advanced during the session.

The latest US Financials stock momentum visualization for 3 September 2026 shows two stocks positioned in Leading, six in Improving and two in Lagging, while no stocks occupy the Weakening quadrant. Visa and Mastercard retain the strongest relative momentum, while a large group of major financial stocks is positioned in Improving.

The short-term performance data was also broadly positive, with six of the 10 stocks recording gains. However, the RRG highlights an important divergence between daily price performance and relative momentum, particularly among stocks such as Goldman Sachs, Morgan Stanley and JPMorgan, which recorded strong daily gains while remaining in Improving.

Momentum Breakdown by Quadrant

US Sector Relative Momentum Chart (at the closing price of 03/09/2026). Powered by AmiBroker.

Leading: Visa and Mastercard

Visa (V) and Mastercard (MA) are positioned in the Leading quadrant.

Visa remains the strongest-positioned stock on the RRG, located well inside the Leading quadrant with a positive trajectory. Mastercard is also firmly positioned in Leading, although its trajectory has recently shown some moderation.

Despite this strong relative positioning, their daily performance was comparatively subdued. Visa gained only 0.09%, while Mastercard declined 0.41%. This divergence demonstrates that RRG positioning reflects relative momentum over a broader period rather than simply one-day price performance.

The continued position of V and MA in Leading indicates that they retain stronger relative momentum compared with the broader Financials universe.

Improving: Berkshire Hathaway, Wells Fargo, American Express, Goldman Sachs, Morgan Stanley and JPMorgan

Six stocks are positioned in the Improving quadrant: Berkshire Hathaway (BRK.B), Wells Fargo (WFC), American Express (AXP), Goldman Sachs (GS), Morgan Stanley (MS) and JPMorgan Chase (JPM).

Goldman Sachs was the strongest daily performer, advancing 3.34%, followed by Morgan Stanley at 2.52% and JPMorgan at 1.64%. Despite these strong gains, all three remain in Improving, indicating that their relative momentum is strengthening but has not yet reached Leading status.

GS, MS and JPM are particularly important to monitor because they are positioned relatively close to the centre of the RRG. A continued move toward the upper-right would increase the probability of a transition into Leading.

Berkshire Hathaway gained 0.57%, while Wells Fargo and American Express declined marginally by 0.09% and 0.05%, respectively. Their Improving positions suggest that relative momentum is strengthening despite the limited or negative daily returns.

A sustained movement toward Leading would provide stronger confirmation that these stocks are participating in a broader Financials rotation.

Lagging: Citigroup and Bank of America

Citigroup (C) and Bank of America (BAC) remain positioned in the Lagging quadrant.

Citigroup recorded a strong 2.83% daily gain, making it the second-best performer among the 10 stocks. Bank of America also advanced 0.70%.

However, their positions in Lagging indicate that their broader relative momentum remains weaker than the Financials leaders. This is another clear example of why a strong one-day return does not necessarily translate immediately into stronger relative momentum.

A sustained movement toward the centre of the RRG would provide the first indication that C and BAC are beginning to recover. A subsequent move into Improving would offer stronger evidence of a developing momentum rotation.

Strategic Summary

The latest US Financials stock momentum analysis shows two stocks in Leading, six in Improving and two in Lagging, creating a broadly constructive but selective rotational structure.

Visa remains the strongest relative performer, while Mastercard also retains a Leading position. The more notable development is the large number of stocks in Improving, including Goldman Sachs, Morgan Stanley and JPMorgan.

Goldman Sachs delivered the strongest daily gain at 3.34%, followed by Citigroup at 2.83% and Morgan Stanley at 2.52%. JPMorgan also advanced 1.64%, indicating strong short-term buying interest across several major financial institutions.

However, Citigroup and Bank of America remain in Lagging despite their positive daily performance. This highlights the importance of distinguishing short-term price gains from broader relative momentum.

Overall, the RRG presents a constructive US Financials environment, with six stocks in Improving and no stocks in Weakening. The key consideration is whether GS, MS and JPM can continue moving toward Leading, while C and BAC need sustained relative improvement to confirm a broader sector rotation.