Observatory · observe first

Follow the allocation change

Matched S&P 500 members → sector → industry → sub-industry → company. Each step uses the same percentage points.

Historical time machine
Historical observation
20182026
Universe›Financials›Investment Banking & Brokerage›Investment Banking & Brokerage
Investment Banking & Brokerage · weight
1.35%
Industry change · 12M
+0.34 pp
Investment Banking & Brokerage · contribution
+0.338 pp
Company participation
100%
of industry constituents above their 6M weight average

4 · Companies driving this sub-industry

Apr 2021 · sorted by absolute contribution to 12-month change

CompanyCountryMarket capUniverse weight3M contribution12M contribution12M price returnAbove 6M weight average
Morgan Stanley →
MS
United States$149.7bn0.543%+0.252 pp+0.190 pp+114.4%Yes
Goldman Sachs →
GS
United States$120.5bn0.437%+0.213 pp+0.082 pp+94.1%Yes
Charles Schwab Corporation →
SCHW
United States$90.7bn0.329%+0.170 pp+0.057 pp+90.0%Yes
Raymond James Financial →
RJF
United States$12.0bn0.044%+0.022 pp+0.009 pp+102.0%Yes

Company contributions use weights among matched S&P 500 members and add through each level without rescaling. Companies without matched shares and prices are omitted. These observations do not establish official index weights or actual fund flows.