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U.K. (FTSE) Banks Industry Analysis

UpdatedNov 04, 2025
DataAggregated Company Financials
Companies13
  • 7D4.4%
  • 3M13.3%
  • 1Y55.8%
  • YTD44.8%

The Banks industry is up 4.0% in the last week, with HSBC Holdings up 6.5%. This takes the industry's 12 month performance to a gain of 55%. Earnings are forecast to grow by 11% annually.

Industry Valuation and Performance

Has the U.K. Banks Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 04 Nov 2025UK£392.4bUK£126.4bUK£34.0b8.6x11.5x3.1x
Thu, 02 Oct 2025UK£373.7bUK£121.5bUK£34.4b8.8x10.9x3.1x
Sat, 30 Aug 2025UK£348.7bUK£121.6bUK£34.4b8.5x10.1x2.9x
Mon, 28 Jul 2025UK£351.2bUK£121.5bUK£34.7b9.2x10.1x2.9x
Wed, 25 Jun 2025UK£329.0bUK£120.6bUK£34.3b8.4x9.6x2.7x
Fri, 23 May 2025UK£330.3bUK£121.6bUK£34.6b8.2x9.6x2.7x
Sun, 20 Apr 2025UK£293.6bUK£122.9bUK£36.4b7.4x8.1x2.4x
Tue, 18 Mar 2025UK£316.3bUK£124.0bUK£36.9b7.3x8.6x2.6x
Thu, 13 Feb 2025UK£312.1bUK£123.8bUK£37.2b6.2x8.4x2.5x
Sat, 11 Jan 2025UK£274.8bUK£124.8bUK£37.6b4.7x7.3x2.2x
Mon, 09 Dec 2024UK£268.8bUK£122.3bUK£36.7b4.9x7.3x2.2x
Wed, 06 Nov 2024UK£261.9bUK£120.6bUK£36.1b4.9x7.3x2.2x
Fri, 04 Oct 2024UK£214.1bUK£95.9bUK£30.3b6.1x7.1x2.2x
Sun, 01 Sep 2024UK£217.8bUK£97.5bUK£30.6b6.2x7.1x2.2x
Tue, 30 Jul 2024UK£221.8bUK£97.0bUK£31.3b6.6x7.1x2.3x
Thu, 27 Jun 2024UK£217.1bUK£97.7bUK£31.6b5.9x6.9x2.2x
Sat, 25 May 2024UK£221.4bUK£97.3bUK£31.3b6.1x7.1x2.3x
Mon, 22 Apr 2024UK£233.8bUK£122.6bUK£37.0b5.4x6.3x1.9x
Wed, 20 Mar 2024UK£221.4bUK£120.7bUK£36.3b6.4x6.1x1.8x
Fri, 16 Feb 2024UK£189.4bUK£107.3bUK£36.9b5.2x5.1x1.8x
Sun, 14 Jan 2024UK£194.1bUK£109.2bUK£37.4b5.4x5.2x1.8x
Tue, 12 Dec 2023UK£198.8bUK£110.1bUK£37.7b5.4x5.3x1.8x
Thu, 09 Nov 2023UK£190.2bUK£111.0bUK£38.1b5.2x5x1.7x
Sat, 07 Oct 2023UK£204.2bUK£104.5bUK£34.7b5x5.9x2x
Mon, 04 Sep 2023UK£195.3bUK£103.0bUK£34.2b5.3x5.7x1.9x
Wed, 02 Aug 2023UK£212.1bUK£97.0bUK£32.5b5.2x6.5x2.2x
Fri, 30 Jun 2023UK£225.1bUK£120.6bUK£37.8b5.2x5.9x1.9x
Sun, 28 May 2023UK£229.2bUK£125.2bUK£38.1b5.6x6x1.8x
Tue, 25 Apr 2023UK£225.5bUK£115.2bUK£30.4b6.3x7.4x2x
Thu, 23 Mar 2023UK£219.6bUK£116.2bUK£30.6b6.3x7.2x1.9x
Sat, 18 Feb 2023UK£246.6bUK£112.8bUK£27.5b5.5x9x2.2x
Mon, 16 Jan 2023UK£210.9bUK£87.5bUK£21.6b7.1x9.8x2.4x
Wed, 14 Dec 2022UK£183.4bUK£87.1bUK£21.5b6.6x8.5x2.1x
Fri, 11 Nov 2022UK£173.1bUK£90.4bUK£22.1b5.9x7.8x1.9x
Price to Earnings Ratio

7.8x


Total Market Cap: UK£173.1bTotal Earnings: UK£22.1bTotal Revenue: UK£90.4bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Banks Industry Price to Earnings3Y Average 7.5x202320242025
Current Industry PE
  • Investors are optimistic on the British Banks industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 11.5x which is higher than its 3-year average PE of 7.5x.
  • The 3-year average PS ratio of 2.2x is lower than the industry's current PS ratio of 3.1x.
Past Earnings Growth
  • The earnings for companies in the Banks industry have grown 15% per year over the last three years.
  • Revenues for these companies have grown 12% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the U.K. Financials industry?

GB Market0.38%
Financials1.93%
Banks4.38%
Diversified Banks4.39%
Regional Banks0%0
Industry PE
  • Investors are most optimistic about the Diversified Banks industry which is trading above its 3-year average PE ratio of 7.4x.
    • Analysts are expecting annual earnings growth of 11.2%, which is higher than its past year's earnings growth of 2.4% per year.
  • Investors are most pessimistic about the Regional Banks industry, which is trading below its 3-year average of 18.7x.
Forecasted Growth
  • Analysts are most optimistic on the Regional Banks industry, expecting annual earnings growth of 29% over the next 5 years.
  • This is better than its past earnings growth rate of 19% per year.
  • In contrast, the Diversified Banks industry is expected to see its earnings grow by 11% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
HSBA HSBC HoldingsUK£10.696.5%
+UK£11.2b		48.9%PB1.3x
STAN Standard CharteredUK£15.817.5%
+UK£2.5b		71.9%PB0.9x
BARC BarclaysUK£4.072.8%
+UK£1.5b		67.0%PB0.7x
LLOY Lloyds Banking GroupUK£0.891.8%
+UK£921.4m		63.1%PB1.2x
NWG NatWest GroupUK£5.850.3%
+UK£144.5m		51.9%PB1.1x

Latest News

STAN
UK£15.81
Standard Chartered
7D
7.5%
1Y
71.9%

Standard Chartered PLC Just Recorded A 24% EPS Beat: Here's What Analysts Are Forecasting Next

Nov 02
Standard Chartered PLC Just Recorded A 24% EPS Beat: Here's What Analysts Are Forecasting Next
HSBA
UK£10.69
HSBC Holdings
7D
6.5%
1Y
48.9%

HSBA: Revenue Momentum And Margin Improvement Will Support Near-Term Stability

HSBC Holdings' analyst fair value price target has increased from £9.96 to £10.66. This reflects analysts' growing optimism due to recent upward earnings revisions, margin improvement, and a strengthened revenue outlook.
HSBK
US$26.50
Halyk Bank of Kazakhstan
7D
-0.6%
1Y
44.2%
NWG
UK£5.85
NatWest Group
7D
0.3%
1Y
51.9%
LLOY
UK£0.89
Lloyds Banking Group
7D
1.8%
1Y
63.1%
BARC
UK£4.07
Barclays
7D
2.8%
1Y
67.0%

Barclays Analyst Raises Price Target Amid Improved Outlook and Modest Valuation Adjustments

Narrative Update on Barclays: Analyst Price Target Revision Analysts have marginally increased their price target for Barclays, raising it from £4.16 to approximately £4.17. This change is attributed to subtle improvements in revenue growth projections and profitability metrics.
CBG
UK£4.18
Close Brothers Group
7D
-3.1%
1Y
85.1%
TBCG
UK£43.70
TBC Bank Group
7D
0.7%
1Y
55.0%
BGEO
UK£79.65
Lion Finance Group
7D
2.4%
1Y
87.0%
ARBB
UK£9.05
Arbuthnot Banking Group
7D
1.7%
1Y
-1.1%