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U.S. Banks Industry Analysis

UpdatedApr 25, 2026
DataAggregated Company Financials
Companies625
  • 7D-1.9%
  • 3M1.1%
  • 1Y30.4%
  • YTD-2.5%

Last week, the Banks industry hasn't moved much but East West Bancorp is up 3.9% in that time. The past year has been better, since the industry has gained 32% in that time. As for the next few years, earnings are expected to grow by 7.9% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 25 Apr 2026US$2.8tUS$726.0bUS$203.5b11.5x13.7x3.8x
Mon, 23 Mar 2026US$2.5tUS$707.1bUS$195.5b11x13x3.6x
Wed, 18 Feb 2026US$2.8tUS$707.0bUS$195.7b11.9x14.2x3.9x
Fri, 16 Jan 2026US$2.7tUS$702.1bUS$191.5b12x14.3x3.9x
Sun, 14 Dec 2025US$2.8tUS$696.0bUS$192.4b11.9x14.7x4.1x
Tue, 11 Nov 2025US$2.7tUS$695.4bUS$192.1b11.1x13.9x3.8x
Thu, 09 Oct 2025US$2.7tUS$678.0bUS$184.0b11.7x14.4x3.9x
Sat, 06 Sep 2025US$2.7tUS$677.8bUS$184.1b11.9x14.6x4x
Mon, 04 Aug 2025US$2.5tUS$678.2bUS$183.5b11.1x13.5x3.7x
Wed, 02 Jul 2025US$2.5tUS$668.9bUS$177.1b11.4x14.2x3.8x
Fri, 30 May 2025US$2.3tUS$668.5bUS$177.1b11.3x13.2x3.5x
Sun, 27 Apr 2025US$2.2tUS$667.6bUS$176.6b10.8x12.3x3.3x
Tue, 25 Mar 2025US$2.3tUS$663.1bUS$171.9b11.4x13.1x3.4x
Thu, 20 Feb 2025US$2.5tUS$662.2bUS$171.5b12.2x14.8x3.8x
Sat, 18 Jan 2025US$2.4tUS$660.7bUS$166.7b12.4x14.6x3.7x
Mon, 16 Dec 2024US$2.4tUS$655.1bUS$143.0b13x16.7x3.7x
Wed, 13 Nov 2024US$2.4tUS$654.3bUS$142.7b12.9x17.1x3.7x
Fri, 11 Oct 2024US$2.1tUS$654.4bUS$145.7b11.5x14.7x3.3x
Sun, 08 Sep 2024US$2.1tUS$653.0bUS$145.6b11.4x14.3x3.2x
Tue, 06 Aug 2024US$2.0tUS$652.3bUS$145.4b10.9x13.8x3.1x
Thu, 04 Jul 2024US$2.0tUS$649.1bUS$149.5b9.9x13.7x3.1x
Sat, 01 Jun 2024US$2.0tUS$655.5bUS$151.2b9.7x13.1x3x
Mon, 29 Apr 2024US$2.0tUS$653.5bUS$162.2b9.7x12.1x3x
Wed, 27 Mar 2024US$2.0tUS$654.2bUS$166.3b9.5x11.8x3x
Fri, 23 Feb 2024US$1.8tUS$652.8bUS$168.4b9.4x10.9x2.8x
Sun, 21 Jan 2024US$1.8tUS$666.6bUS$176.2b9.3x10.1x2.7x
Tue, 19 Dec 2023US$1.8tUS$667.9bUS$195.5b9.3x9.3x2.7x
Thu, 16 Nov 2023US$1.6tUS$667.9bUS$195.5b8.5x8.1x2.4x
Sat, 14 Oct 2023US$1.5tUS$668.5bUS$197.2b7.7x7.6x2.3x
Mon, 11 Sep 2023US$1.5tUS$656.8bUS$191.7b8x8x2.3x
Wed, 09 Aug 2023US$1.7tUS$656.3bUS$189.6b8.7x8.9x2.6x
Fri, 07 Jul 2023US$1.5tUS$641.8bUS$184.0b7.7x8.4x2.4x
Sun, 04 Jun 2023US$1.5tUS$642.2bUS$184.2b7.7x8.4x2.4x
Tue, 02 May 2023US$1.5tUS$641.5bUS$174.6b8x8.8x2.4x
Price to Earnings Ratio

8.8x


Total Market Cap: US$1.5tTotal Earnings: US$174.6bTotal Revenue: US$641.5bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Banks Industry Price to Earnings3Y Average 12.5x202420252026
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 13.8x which is higher than its 3-year average PE of 12.5x.
  • The 3-year average PS ratio of 3.2x is lower than the industry's current PS ratio of 3.9x.
Past Earnings Growth
  • The earnings for companies in the Banks industry have grown 5.0% per year over the last three years.
  • Revenues for these companies have grown 4.1% 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 Market0.35%
Financials-2.01%
Banks-1.91%
Regional Banks-1.47%
Diversified Banks-2.07%
Industry PE
  • Investors are most optimistic about the Diversified Banks industry which is trading above its 3-year average PE ratio of 12.1x.
    • Analysts are expecting annual earnings growth of 6.4%, which is lower than the prior year's growth of 16.4% per year.
  • Investors are most pessimistic about the Regional Banks industry, which is trading close to its 3-year average of 14.2x.
Forecasted Growth
  • Analysts are most optimistic on the Regional Banks industry, expecting annual earnings growth of 13% over the next 5 years.
  • However this is lower than its past earnings growth rate of 22% per year.
  • In contrast, the Diversified Banks industry is expected to see its earnings grow by 6.4% 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
EWBC East West BancorpUS$122.673.9%
+US$637.0m		43.9%PB1.9x
FFBC First Financial BancorpUS$30.582.8%
+US$267.8m		33.4%PB1.1x
TFC Truist FinancialUS$50.730.3%
+US$199.3m		34.7%PB1.1x
OFG OFG BancorpUS$45.536.9%
+US$114.0m		19.8%PB1.4x
CBC Central BancompanyUS$25.941.3%
+US$81.7m		51.7%PB1.6x

Latest News

FCNC.A
US$1,931.94
First Citizens BancShares
7D
-4.8%
1Y
8.6%
BAC
US$52.05
Bank of America
7D
-3.5%
1Y
31.1%
FFBC
US$30.58
First Financial Bancorp
7D
2.8%
1Y
33.4%
BANR
US$66.30
Banner
7D
2.7%
1Y
7.8%
USB
US$55.58
U.S. Bancorp
7D
-2.4%
1Y
39.2%
HAFC
US$30.13
Hanmi Financial
7D
7.2%
1Y
32.5%

HAFC: Buybacks And Dividend Policy Will Support Balanced Future Return Potential

Hanmi Financial's analyst price target has shifted to $32.13 from $31.00. This reflects updated views from analysts who have recently adjusted their assumptions on fair value, revenue growth, profit margins, and future P/E expectations.
C
US$127.98
Citigroup
7D
-3.2%
1Y
87.0%
OFG
US$45.53
OFG Bancorp
7D
6.9%
1Y
19.8%
EWBC
US$122.67
East West Bancorp
7D
3.9%
1Y
43.9%
SFBS
US$79.21
ServisFirst Bancshares
7D
1.7%
1Y
11.9%
JPM
US$308.28
JPMorgan Chase
7D
-0.6%
1Y
26.6%
TFC
US$50.73
Truist Financial
7D
0.3%
1Y
34.7%

TFC: Excess Capital And Tech Initiatives Are Expected To Support Balanced Future Returns

The updated analyst price target for Truist Financial edges slightly lower to $54.82 from $54.86, as analysts balance higher modeled revenue growth and a modestly higher future P/E with slightly softer profit margin assumptions and a lower discount rate. Analyst Commentary Recent research on Truist Financial shows a mix of optimism and caution, with several firms adjusting price targets in both directions and a few making rating changes.
WFC
US$79.42
Wells Fargo
7D
-2.4%
1Y
13.9%

WFC: Future Returns Will Reflect Repo Market Role And Capital Return Strength

Analyst models for Wells Fargo now point to a slightly lower implied price target of about $96, down from roughly $99. Analysts are factoring in sector wide valuation resets, modestly higher required returns and small tweaks to revenue growth, profit margins and future P/E assumptions.
PNC
US$219.86
PNC Financial Services Group
7D
-2.2%
1Y
38.7%

PNC Financial: Not A Great Buy Right Now

Apr 19
NU
US$14.51
Nu Holdings
7D
-5.4%
1Y
20.8%

NU: US Bank Charter Progress Will Support Long-Term Earnings Potential

Analysts kept their average price target for Nu Holdings unchanged at $22.00. They made small adjustments to underlying assumptions such as revenue growth, profit margin, discount rate, and future P/E, which resulted in no change to the overall target.
CBC
US$25.94
Central Bancompany
7D
1.3%
1Y
51.7%