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U.S. Banks Industry Analysis

UpdatedDec 23, 2025
DataAggregated Company Financials
Companies651
  • 7D1.2%
  • 3M6.6%
  • 1Y27.5%
  • YTD27.8%

The Banks industry is up 1.2% in the last week, with JPMorgan Chase up 3.3%. During this same period, the Inter & Co underperformed, falling 6.6%. This takes the industry's 12 month performance to a gain of 27%. Looking forward, earnings are forecast to grow by 9.1% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 24 Dec 2025US$2.8tUS$696.2bUS$192.4b11.9x14.7x4.1x
Fri, 21 Nov 2025US$2.6tUS$695.9bUS$192.4b11x13.5x3.7x
Sun, 19 Oct 2025US$2.6tUS$691.8bUS$190.4b11.2x13.4x3.7x
Tue, 16 Sep 2025US$2.7tUS$677.7bUS$183.9b11.8x14.6x4x
Thu, 14 Aug 2025US$2.5tUS$677.8bUS$183.7b11.6x13.9x3.8x
Sat, 12 Jul 2025US$2.6tUS$668.4bUS$177.0b12x14.4x3.8x
Mon, 09 Jun 2025US$2.4tUS$668.6bUS$177.0b11.2x13.4x3.6x
Wed, 07 May 2025US$2.3tUS$667.9bUS$176.6b11x12.8x3.4x
Fri, 04 Apr 2025US$2.3tUS$662.4bUS$171.9b10.7x13.1x3.4x
Sun, 02 Mar 2025US$2.4tUS$662.8bUS$171.9b11.8x14.2x3.7x
Tue, 28 Jan 2025US$2.5tUS$661.6bUS$168.8b12.3x14.7x3.8x
Thu, 26 Dec 2024US$2.3tUS$655.1bUS$143.0b12.5x16.4x3.6x
Sat, 23 Nov 2024US$2.5tUS$654.9bUS$143.0b13.1x17.2x3.7x
Mon, 21 Oct 2024US$2.2tUS$651.4bUS$143.4b12x15.7x3.5x
Wed, 18 Sep 2024US$2.1tUS$653.7bUS$145.5b11.7x14.4x3.2x
Fri, 16 Aug 2024US$2.0tUS$653.1bUS$145.7b11.1x14.1x3.1x
Sun, 14 Jul 2024US$2.1tUS$661.4bUS$153.5b10.4x13.4x3.1x
Tue, 11 Jun 2024US$2.0tUS$655.5bUS$151.1b9.5x13x3x
Thu, 09 May 2024US$2.0tUS$653.2bUS$159.7b9.7x12.4x3x
Sat, 06 Apr 2024US$2.0tUS$653.7bUS$166.2b9.4x11.8x3x
Mon, 04 Mar 2024US$1.9tUS$654.2bUS$166.3b9.4x11.3x2.9x
Wed, 31 Jan 2024US$1.9tUS$662.9bUS$172.0b10x10.8x2.8x
Fri, 29 Dec 2023US$1.8tUS$668.2bUS$195.6b9.5x9.4x2.8x
Sun, 26 Nov 2023US$1.6tUS$668.0bUS$195.5b8.6x8.3x2.4x
Tue, 24 Oct 2023US$1.4tUS$665.5bUS$195.9b7.7x7.4x2.2x
Thu, 21 Sep 2023US$1.6tUS$656.8bUS$191.7b7.9x8.1x2.4x
Sat, 19 Aug 2023US$1.6tUS$656.8bUS$191.7b8.3x8.3x2.4x
Mon, 17 Jul 2023US$1.6tUS$652.5bUS$189.8b7.9x8.4x2.4x
Wed, 14 Jun 2023US$1.6tUS$642.3bUS$184.2b7.9x8.6x2.5x
Fri, 12 May 2023US$1.4tUS$641.7bUS$184.0b7.4x7.8x2.2x
Sun, 09 Apr 2023US$1.5tUS$624.0bUS$165.4b8.3x9x2.4x
Tue, 07 Mar 2023US$1.8tUS$617.8bUS$163.5b9.6x11.1x2.9x
Thu, 02 Feb 2023US$1.9tUS$616.8bUS$163.3b9.7x11.4x3x
Sat, 31 Dec 2022US$1.7tUS$611.6bUS$164.2b9.8x10.5x2.8x
Price to Earnings Ratio

10.5x


Total Market Cap: US$1.7tTotal Earnings: US$164.2bTotal Revenue: US$611.6bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Banks Industry Price to Earnings3Y Average 12.1x202320242025
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 14.7x which is higher than its 3-year average PE of 12.1x.
  • The 3-year average PS ratio of 3.1x is lower than the industry's current PS ratio of 4.1x.
Past Earnings Growth
  • The earnings for companies in the Banks industry have grown 5.4% per year over the last three years.
  • Revenues for these companies have grown 4.4% 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 Market0.99%
Financials1.02%
Banks1.18%
Diversified Banks1.46%
Regional Banks0.36%
Industry PE
  • Investors are most optimistic about the Diversified Banks industry which is trading above its 3-year average PE ratio of 11.7x.
    • Analysts are expecting annual earnings growth of 6.6%, which is lower than the prior year's growth of 28.9% per year.
  • Investors are most pessimistic about the Regional Banks industry, which is trading close to its 3-year average of 13.7x.
Forecasted Growth
  • Analysts are most optimistic on the Regional Banks industry, expecting annual earnings growth of 17% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Diversified Banks industry is expected to see its earnings grow by 6.6% 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
JPM JPMorgan ChaseUS$325.933.3%
+US$28.3b		34.5%PB2.6x
C CitigroupUS$119.407.3%
+US$14.5b		68.2%PB1.1x
BAC Bank of AmericaUS$55.972.1%
+US$8.5b		26.1%PB1.5x
WFC Wells FargoUS$94.472.5%
+US$7.2b		32.0%PB1.8x
NU Nu HoldingsUS$16.763.5%
+US$2.7b		61.6%PB7.7x

Latest News

TFC
US$50.49
Truist Financial
7D
1.6%
1Y
14.8%
BANF
US$110.13
BancFirst
7D
-2.4%
1Y
-8.4%

Is Now The Time To Put BancFirst (NASDAQ:BANF) On Your Watchlist?

Dec 23
Is Now The Time To Put BancFirst (NASDAQ:BANF) On Your Watchlist?
EBC
US$18.75
Eastern Bankshares
7D
-2.0%
1Y
8.2%

EBC: Share Repurchases Will Drive Future Upside Despite Activist Pressure

Analysts have slightly raised their price target on Eastern Bankshares from 21.75 dollars to 22.20 dollars. This reflects modestly higher fair value expectations even as they factor in a marginally lower profit margin and a slightly richer future earnings multiple.
BHRB
US$63.11
Burke & Herbert Financial Services
7D
-8.8%
1Y
-1.2%

Deteriorating Loan Quality And Recent Merger Create Uncertainty For Burke & Herbert Financial Services

Dec 21
C
US$119.40
Citigroup
7D
7.3%
1Y
68.2%
JPM
US$325.93
JPMorgan Chase
7D
3.3%
1Y
34.5%

JPM: Strong ROTCE And Loan Growth Are Expected To Drive Upside

Analysts have raised their fair value estimate for JPMorgan Chase to $375 from $350. This reflects increased confidence in stronger revenue growth, resilient profitability, and sustained post-earnings momentum that supports higher price targets across the Street.
ABCB
US$76.42
Ameris Bancorp
7D
-1.7%
1Y
20.2%

Ameris Bancorp (NYSE:ABCB) Is Paying Out A Dividend Of $0.20

Dec 19
Ameris Bancorp (NYSE:ABCB) Is Paying Out A Dividend Of $0.20
TOWN
US$34.23
TowneBank
7D
-3.6%
1Y
-1.0%
NU
US$16.76
Nu Holdings
7D
3.5%
1Y
61.6%

NU: U.S. Bank Charter Pursuit Will Support Long-Term Earnings Power

Analysts have raised their price target on Nu Holdings from 20 dollars to 22 dollars per share, citing expectations for stronger revenue growth and a modestly higher future earnings multiple, which are partially offset by slightly lower projected profit margins. What's in the News Nubank has applied for a national bank charter with the U.S. Office of the Comptroller of the Currency (OCC), aiming to evolve its regional Latin American platform into a global model and expand its presence in the U.S. market (company announcement).
WFC
US$94.47
Wells Fargo
7D
2.5%
1Y
32.0%

WFC: Future Returns Will Reflect Fee Strength Amid Ongoing Execution Risks

We raise our Wells Fargo price target modestly to $94.50 from $93.71, reflecting analysts' increased confidence in fee driven earnings strength, improving profitability metrics, and higher medium term return targets following a series of post Q3 estimate and target upgrades. Analyst Commentary Recent Street research indicates a generally constructive stance on Wells Fargo, with a series of price target increases following the Q3 print.
FCNC.A
US$2,168.13
First Citizens BancShares
7D
3.6%
1Y
0.7%

FCNC.A: Net Interest Income And Credit Trends Will Shape Future Return Range

Analysts have modestly reduced their average price target on First Citizens BancShares to about $2,000 from roughly $2,150, citing resilient but range bound return expectations, a tempered net interest income outlook amid anticipated rate cuts, and incremental credit risk from specific borrower exposure, even as revenue growth and profitability assumptions edge higher. Analyst Commentary Sell side views on First Citizens BancShares reflect a mix of confidence in underlying fundamentals and caution around forward earnings power, leading to tighter, but still elevated, valuation expectations.
BAC
US$55.97
Bank of America
7D
2.1%
1Y
26.1%

BAC: Future Capital Returns And Macro Tailwinds Will Support Fairly Valued Outlook

Analysts have nudged their fair value estimate for Bank of America slightly higher to about $58.98 per share from roughly $58.90, citing a series of recent price target increases, modestly stronger projected revenue growth and margins, as well as continued confidence in the bank's risk reward profile among large commercial peers. Analyst Commentary Recent Street research on Bank of America has tilted notably positive, with multiple firms lifting price targets and, in at least one case, upgrading the stock, reflecting growing confidence in the bank's earnings trajectory and capital return potential.
USB
US$54.49
U.S. Bancorp
7D
1.9%
1Y
11.6%
RNST
US$36.10
Renasant
7D
-2.6%
1Y
1.2%
NIC
US$124.73
Nicolet Bankshares
7D
-5.2%
1Y
17.3%
IBOC
US$68.84
International Bancshares
7D
-3.7%
1Y
6.9%