U.S. Banks Industry Analysis
UpdatedApr 18, 2024
DataAggregated Company Financials
Companies695
- 7D-4.1%
- 3M3.2%
- 1Y19.9%
- YTD0.8%
Over the last 7 days, the Banks industry has dropped 7.0%, driven by a pullback from JPMorgan Chase of 7.9%. Over the past 12 months, the industry was up 19%. Earnings are forecast to grow by 6.4% annually.
Industry Valuation and Performance
Has the U.S. Banks Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 18 Apr 2024 | US$1.8t | US$655.1b | US$162.8b | 9.1x | 11.4x | 2.8x |
| Sat, 16 Mar 2024 | US$1.9t | US$654.2b | US$166.3b | 9.4x | 11.4x | 2.9x |
| Mon, 12 Feb 2024 | US$1.8t | US$652.8b | US$168.4b | 9.5x | 10.7x | 2.8x |
| Wed, 10 Jan 2024 | US$1.8t | US$668.2b | US$195.6b | 9.1x | 9.4x | 2.7x |
| Fri, 08 Dec 2023 | US$1.7t | US$667.7b | US$195.4b | 8.9x | 8.6x | 2.5x |
| Sun, 05 Nov 2023 | US$1.5t | US$666.2b | US$195.2b | 8.3x | 7.9x | 2.3x |
| Tue, 03 Oct 2023 | US$1.5t | US$656.7b | US$191.6b | 7.8x | 7.9x | 2.3x |
| Thu, 31 Aug 2023 | US$1.6t | US$656.9b | US$191.7b | 8.2x | 8.2x | 2.4x |
| Sat, 29 Jul 2023 | US$1.7t | US$655.0b | US$189.2b | 8.6x | 9x | 2.6x |
| Mon, 26 Jun 2023 | US$1.5t | US$642.3b | US$184.2b | 7.7x | 8.2x | 2.3x |
| Wed, 24 May 2023 | US$1.5t | US$642.2b | US$184.2b | 7.7x | 8.2x | 2.4x |
| Fri, 21 Apr 2023 | US$1.6t | US$639.8b | US$174.1b | 8.2x | 9x | 2.5x |
| Sun, 19 Mar 2023 | US$1.5t | US$620.7b | US$164.4b | 8.4x | 9x | 2.4x |
| Tue, 14 Feb 2023 | US$1.9t | US$616.9b | US$163.3b | 9.7x | 11.5x | 3x |
| Thu, 12 Jan 2023 | US$1.8t | US$611.7b | US$164.2b | 9.8x | 10.9x | 2.9x |
| Sat, 10 Dec 2022 | US$1.7t | US$611.6b | US$164.1b | 9.8x | 10.5x | 2.8x |
| Mon, 07 Nov 2022 | US$1.8t | US$612.0b | US$164.0b | 9.8x | 11x | 2.9x |
| Wed, 05 Oct 2022 | US$1.7t | US$608.9b | US$167.8b | 9.7x | 10.2x | 2.8x |
| Fri, 02 Sep 2022 | US$1.7t | US$608.5b | US$167.7b | 9.7x | 10.3x | 2.8x |
| Sun, 31 Jul 2022 | US$1.8t | US$607.2b | US$167.8b | 9.8x | 10.5x | 2.9x |
| Tue, 28 Jun 2022 | US$1.7t | US$616.1b | US$179.5b | 9.6x | 9.5x | 2.8x |
| Thu, 26 May 2022 | US$1.8t | US$616.0b | US$179.5b | 9.8x | 10.1x | 2.9x |
| Sat, 23 Apr 2022 | US$1.9t | US$617.9b | US$180.8b | 10.1x | 10.3x | 3x |
| Mon, 21 Mar 2022 | US$2.1t | US$637.2b | US$196.3b | 10.7x | 10.7x | 3.3x |
| Wed, 16 Feb 2022 | US$2.3t | US$636.5b | US$196.1b | 10.9x | 11.7x | 3.6x |
| Fri, 14 Jan 2022 | US$2.4t | US$624.5b | US$192.9b | 11.2x | 12.3x | 3.8x |
| Sun, 12 Dec 2021 | US$2.5t | US$624.4b | US$192.8b | 10.7x | 12.8x | 3.9x |
| Tue, 09 Nov 2021 | US$2.3t | US$625.1b | US$192.8b | 11x | 11.7x | 3.6x |
| Thu, 07 Oct 2021 | US$2.2t | US$601.9b | US$180.9b | 11.3x | 12.1x | 3.6x |
| Sat, 04 Sep 2021 | US$2.1t | US$602.6b | US$181.0b | 11x | 11.4x | 3.4x |
| Mon, 02 Aug 2021 | US$2.0t | US$602.6b | US$181.0b | 10.7x | 10.9x | 3.3x |
| Thu, 06 May 2021 | US$2.1t | US$548.9b | US$139.9b | 11.8x | 14.9x | 3.8x |
Price to Earnings Ratio
14.9x
Current Industry PE
- Investors are relatively neutral on the American Banks industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 10.4x.
- The industry is trading close to its 3-year average PS ratio of 3.0x.
Past Earnings Growth
- The earnings for companies in the Banks industry have grown 5.7% per year over the last three years.
- Revenues for these companies have grown 6.2% 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 Market | -3.72% | |
| Financials | -2.78% | |
| Banks | -4.12% | |
| Regional Banks | -2.15% | |
| Diversified Banks | -4.82% | |
Industry PE
- Investors are most optimistic about the Regional Banks industry which is trading above its 3-year average PE ratio of 11.3x.
- Analysts are expecting annual earnings growth of 15.1%, which is higher than its past year's earnings decline of 9.0% per year.
- Investors are most pessimistic about the Diversified Banks industry, which is trading close to its 3-year average of 10.0x.
Forecasted Growth
- Analysts are most optimistic on the Regional Banks industry, expecting annual earnings growth of 15% over the next 5 years.
- This is better than its past earnings decline of 9.0% per year.
- In contrast, the Diversified Banks industry is expected to see its earnings grow by 3.6% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| MTB M&T Bank | US$139.04 | 3.1% +US$710.8m | 7.3% | PB0.9x | |
| MCBC Macatawa Bank | US$13.69 | 47.8% +US$152.2m | 36.8% | PB1.6x | |
| CBSH Commerce Bancshares | US$53.07 | 2.2% +US$138.4m | 2.5% | PB2.3x | |
| TBBK Bancorp | US$32.84 | 4.2% +US$69.0m | 17.7% | PB2.1x | |
| FBK FB Financial | US$35.64 | 2.7% +US$44.6m | 17.0% | PB1.1x |
