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U.S. Banks Industry Analysis

UpdatedSep 25, 2025
DataAggregated Company Financials
Companies650
  • 7D0.3%
  • 3M8.9%
  • 1Y32.7%
  • YTD19.7%

The Banks industry has been flat over the last week, but Credicorp has lost 4.4%. The past year has been better, since the industry has gained 33% in that time. Earnings are forecast to grow by 8.8% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 25 Sep 2025US$2.7tUS$677.7bUS$183.9b11.9x14.8x4x
Sat, 23 Aug 2025US$2.6tUS$678.7bUS$184.0b11.8x14x3.8x
Mon, 21 Jul 2025US$2.6tUS$674.8bUS$181.9b11.9x14.1x3.8x
Wed, 18 Jun 2025US$2.4tUS$668.8bUS$177.1b11x13.3x3.5x
Fri, 16 May 2025US$2.4tUS$668.1bUS$176.9b11.4x13.5x3.6x
Sun, 13 Apr 2025US$2.0tUS$663.5bUS$172.2b10.4x11.8x3.1x
Tue, 11 Mar 2025US$2.3tUS$662.7bUS$171.8b11x13.1x3.4x
Thu, 06 Feb 2025US$2.5tUS$661.8bUS$171.4b12.2x14.6x3.8x
Sat, 04 Jan 2025US$2.3tUS$654.5bUS$143.4b12.3x16.1x3.5x
Mon, 02 Dec 2024US$2.5tUS$655.0bUS$143.0b13.3x17.5x3.8x
Wed, 30 Oct 2024US$2.3tUS$651.2bUS$142.6b11.8x15.8x3.5x
Fri, 27 Sep 2024US$2.1tUS$653.8bUS$145.5b11.5x14.4x3.2x
Sun, 25 Aug 2024US$2.2tUS$653.0bUS$145.7b11.7x14.8x3.3x
Tue, 23 Jul 2024US$2.1tUS$660.1bUS$152.1b11.2x14.1x3.2x
Thu, 20 Jun 2024US$2.0tUS$655.3bUS$151.1b9.6x13x3x
Sat, 18 May 2024US$2.0tUS$655.5bUS$151.2b9.9x13.5x3.1x
Mon, 15 Apr 2024US$1.9tUS$657.1bUS$165.3b9.1x11.4x2.9x
Wed, 13 Mar 2024US$1.9tUS$654.2bUS$166.3b9.5x11.6x2.9x
Fri, 09 Feb 2024US$1.8tUS$652.7bUS$168.4b9.4x10.6x2.7x
Sun, 07 Jan 2024US$1.9tUS$668.2bUS$195.6b9.2x9.5x2.8x
Tue, 05 Dec 2023US$1.7tUS$667.6bUS$195.4b8.8x8.6x2.5x
Thu, 02 Nov 2023US$1.5tUS$665.8bUS$195.1b8.1x7.5x2.2x
Sat, 30 Sep 2023US$1.5tUS$656.8bUS$191.6b7.8x7.9x2.3x
Mon, 28 Aug 2023US$1.6tUS$656.9bUS$191.7b8.1x8.1x2.4x
Wed, 26 Jul 2023US$1.7tUS$654.5bUS$191.5b8.3x8.8x2.6x
Fri, 23 Jun 2023US$1.6tUS$642.3bUS$184.2b7.7x8.4x2.4x
Sun, 21 May 2023US$1.5tUS$642.4bUS$184.2b7.6x8.1x2.3x
Tue, 18 Apr 2023US$1.6tUS$633.1bUS$171.5b8.4x9.2x2.5x
Thu, 16 Mar 2023US$1.5tUS$616.3bUS$163.5b8.5x9.2x2.4x
Sat, 11 Feb 2023US$1.9tUS$616.7bUS$163.3b9.7x11.4x3x
Mon, 09 Jan 2023US$1.8tUS$611.7bUS$164.2b9.8x10.8x2.9x
Wed, 07 Dec 2022US$1.7tUS$611.6bUS$164.1b9.8x10.5x2.8x
Fri, 04 Nov 2022US$1.8tUS$611.6bUS$163.9b9.8x10.8x2.9x
Sun, 02 Oct 2022US$1.6tUS$608.6bUS$167.7b9.4x9.5x2.6x
Price to Earnings Ratio

9.5x


Total Market Cap: US$1.6tTotal Earnings: US$167.7bTotal Revenue: US$608.6bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Banks Industry Price to Earnings3Y Average 11.8x202320242025
Current Industry PE
  • Investors are optimistic on the American Banks industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 14.8x which is higher than its 3-year average PE of 11.8x.
  • The 3-year average PS ratio of 3.0x is lower than the industry's current PS ratio of 4.0x.
Past Earnings Growth
  • The earnings for companies in the Banks industry have grown 3.1% per year over the last three years.
  • Revenues for these companies have grown 3.6% 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.S. Financials industry?

US Market0.26%
Financials-0.58%
Banks0.34%
Diversified Banks0.46%
Regional Banks-0.018%
Industry PE
  • Investors are most optimistic about the Diversified Banks industry which is trading above its 3-year average PE ratio of 11.3x.
    • Analysts are expecting annual earnings growth of 5.9%, which is lower than the prior year's growth of 15.7% per year.
  • Investors are most pessimistic about the Regional Banks industry, which is trading close to its 3-year average of 13.6x.
Forecasted Growth
  • Analysts are most optimistic on the Regional Banks industry, expecting annual earnings growth of 19% over the next 5 years.
  • This is better than its past earnings growth rate of 13% per year.
  • In contrast, the Diversified Banks industry is expected to see its earnings grow by 5.9% 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
WFC Wells FargoUS$84.112.0%
+US$5.2b		56.9%PB1.6x
JPM JPMorgan ChaseUS$313.420.5%
+US$4.6b		49.1%PB2.6x
BAC Bank of AmericaUS$51.700.6%
+US$2.2b		31.7%PB1.4x
TFC Truist FinancialUS$45.891.1%
+US$657.6m		10.0%PB1x
CFG Citizens Financial GroupUS$53.151.7%
+US$379.6m		32.1%PB1x

Latest News

NU
US$16.01
Nu Holdings
7D
0.3%
1Y
8.3%
JPM
US$313.42
JPMorgan Chase
7D
0.5%
1Y
49.1%

JPMorgan Chase's (NYSE:JPM) Upcoming Dividend Will Be Larger Than Last Year's

Sep 24
JPMorgan Chase's (NYSE:JPM) Upcoming Dividend Will Be Larger Than Last Year's
BAC
US$51.70
Bank of America
7D
0.6%
1Y
31.7%
FITB
US$45.17
Fifth Third Bancorp
7D
-1.6%
1Y
7.3%

Southeast Expansion And Digital Lending Will Create Opportunities

Analysts have modestly raised Fifth Third Bancorp’s price target to $48.64, citing improved net interest margin prospects, strong core earnings, and strategic capital management amid supportive sector and macro trends. Analyst Commentary Bullish analysts are raising price targets on expectations of higher net interest margins and increased non-interest-bearing deposits, particularly from anticipated benefits of the Federal Benefits Direct Express program and updated rate curves.
BPOP
US$127.09
Popular
7D
1.5%
1Y
29.4%

Digital Infrastructure And Puerto Rico Projects Will Improve Efficiency

Analysts have raised Popular’s price target to $138.12, citing strong capital ratios, improved economic conditions in Puerto Rico, and resilient profitability, while still viewing the bank’s valuation as underappreciated. Analyst Commentary Bullish analysts cite Popular's strong capital position, particularly a 16.1% common equity tier 1 ratio, providing flexibility for growth and strategic opportunities.
TFC
US$45.89
Truist Financial
7D
1.1%
1Y
10.0%
HBAN
US$17.37
Huntington Bancshares
7D
-1.0%
1Y
20.9%

Texas And Carolinas Expansion Will Unlock Digital Banking Opportunities

Huntington Bancshares’ price target was raised as analysts cited continued net interest income growth, improved loan activity, efficiency gains, and a favorable regulatory environment, resulting in a modest fair value increase from $19.32 to $19.42. Analyst Commentary Bullish analysts point to net interest margin expansion and consistent net interest income growth as key drivers behind price target increases.
MTB
US$199.44
M&T Bank
7D
0.4%
1Y
15.5%
SNV
US$49.59
Synovus Financial
7D
-3.6%
1Y
14.7%
USB
US$49.18
U.S. Bancorp
7D
-0.9%
1Y
9.9%
RF
US$26.66
Regions Financial
7D
-1.0%
1Y
18.3%

Sun Belt Expansion And Digital Banking Will Secure Market Stability

Region Financial’s consensus price target saw a slight upward revision to $28.75, as analysts cited improved fundamentals, favorable macro and regulatory conditions, expected loan growth, and higher projected earnings, reflecting continued optimism toward large bank outperformance. Analyst Commentary Bullish analysts cite a constructive macro backdrop, deregulation, improved banking fundamentals, favorable sentiment, expected M&A activity, and a forecast for solid loan growth in the second half.
BAP
US$266.11
Credicorp
7D
-4.4%
1Y
51.9%

Digital Finance And Lending Expansion Will Widen Market In Peru

Despite a sharp decline in Credicorp's future P/E ratio and a modest reduction in consensus revenue growth forecasts, the consensus analyst price target saw only a marginal increase from $250.49 to $253.12. What's in the News Credicorp expects net interest margin (NIM) for 2H 2025 at the upper end of the 6.2%-6.5% guidance and has updated cost of risk expectations to 1.8%-2.2%, reflecting lower-than-anticipated provisioning and improved macro conditions.
EWBC
US$105.76
East West Bancorp
7D
-1.6%
1Y
32.3%

US-China Trade Ties And Digital Banking Will Shape Future Resilience

Analysts have raised their price target for East West Bancorp to $120.15, citing improved loan growth expectations, elevated net interest income and revenue guidance, constructive regulatory outlook, and strong recent earnings, all of which reinforce optimism about the company’s fundamentals. Analyst Commentary Bullish analysts cite improved loan growth expectations and forecast a rebound in commercial lending, especially in the back half of the year, supporting higher estimates and price targets.
CFG
US$53.15
Citizens Financial Group
7D
1.7%
1Y
32.1%

AI And Digital Banking Will Improve Operational Efficiency

Citizens Financial Group’s consensus price target was raised as analysts grew more confident in its strong recent results, improved earnings outlook, and attractive valuation, driving a modest increase in fair value from $55.47 to $56.21. Analyst Commentary Bullish analysts highlighted strong Q2 results, including higher revenue, robust loan and assets under management growth, and favorable credit metrics.
FCNC.A
US$1,835.09
First Citizens BancShares
7D
-2.5%
1Y
-0.1%

Tech, Media And Telecom Banking Will Strengthen Operational Resilience

The consensus price target for First Citizens BancShares was modestly revised upward to $2,311, with bullish analysts citing strong capital deployment capacity and expectations of a favorable interest rate and lending environment as key drivers. Analyst Commentary Bullish analysts cited excess capital deployment capacity as a key driver for upward price target revisions.
WFC
US$84.11
Wells Fargo
7D
2.0%
1Y
56.9%

Digital Banking And Wealth Management Will Expand Future Reach

Analysts trimmed Wells Fargo's price target slightly to $86.00, citing elevated valuations and limited near-term upside despite improved fundamentals and asset cap removal, as recent gains appear priced in amid macro and earnings quality concerns. Analyst Commentary Removal of the asset cap is a significant long-term positive, allowing Wells Fargo to grow its balance sheet and increase trading and investment banking revenues, but much of the near-term optimism is already priced in.