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U.S. Banks Industry Analysis

UpdatedMay 02, 2026
DataAggregated Company Financials
Companies622
  • 7D1.2%
  • 3M-0.03%
  • 1Y26.9%
  • YTD-1.4%

The Banks industry is up 1.2% in the last week, with JPMorgan Chase up 1.4%. This takes the industry's 12 month performance to a gain of 27%. As for the next few years, earnings are expected to grow by 8.1% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 02 May 2026US$2.8tUS$727.7bUS$204.6b11.4x13.7x3.8x
Mon, 30 Mar 2026US$2.5tUS$707.1bUS$195.5b11.1x13x3.6x
Wed, 25 Feb 2026US$2.7tUS$706.9bUS$195.7b11.7x13.9x3.8x
Fri, 23 Jan 2026US$2.8tUS$706.3bUS$194.2b12.1x14.3x3.9x
Sun, 21 Dec 2025US$2.8tUS$696.2bUS$192.4b11.9x14.7x4.1x
Tue, 18 Nov 2025US$2.6tUS$696.0bUS$192.4b10.9x13.6x3.8x
Thu, 16 Oct 2025US$2.6tUS$689.5bUS$188.7b11.6x13.9x3.8x
Sat, 13 Sep 2025US$2.7tUS$677.7bUS$183.9b11.8x14.6x4x
Mon, 11 Aug 2025US$2.5tUS$678.1bUS$183.7b11.2x13.6x3.7x
Wed, 09 Jul 2025US$2.6tUS$668.4bUS$177.0b11.9x14.6x3.9x
Fri, 06 Jun 2025US$2.3tUS$668.7bUS$177.1b11x13.2x3.5x
Sun, 04 May 2025US$2.3tUS$667.9bUS$176.6b11.1x12.8x3.4x
Tue, 01 Apr 2025US$2.2tUS$663.1bUS$172.0b11.2x13x3.4x
Thu, 27 Feb 2025US$2.4tUS$662.8bUS$171.9b11.7x13.9x3.6x
Sat, 25 Jan 2025US$2.5tUS$659.9bUS$167.6b12.3x14.8x3.8x
Mon, 23 Dec 2024US$2.3tUS$655.1bUS$143.0b12.4x16.2x3.5x
Wed, 20 Nov 2024US$2.4tUS$654.9bUS$143.0b12.8x17.1x3.7x
Fri, 18 Oct 2024US$2.2tUS$651.7bUS$143.5b12.1x15.7x3.5x
Sun, 15 Sep 2024US$2.1tUS$654.3bUS$145.7b11.5x14.2x3.2x
Tue, 13 Aug 2024US$2.0tUS$652.5bUS$145.4b10.9x13.9x3.1x
Thu, 11 Jul 2024US$2.1tUS$649.2bUS$149.5b10.1x13.7x3.2x
Sat, 08 Jun 2024US$2.0tUS$655.4bUS$151.1b9.6x13x3x
Mon, 06 May 2024US$2.0tUS$653.4bUS$159.8b9.7x12.3x3x
Wed, 03 Apr 2024US$2.0tUS$653.6bUS$166.1b9.5x12x3.1x
Fri, 01 Mar 2024US$1.9tUS$654.3bUS$168.8b9.4x11x2.8x
Sun, 28 Jan 2024US$1.8tUS$664.1bUS$172.9b10x10.7x2.8x
Tue, 26 Dec 2023US$1.8tUS$668.0bUS$195.5b9.5x9.3x2.7x
Thu, 23 Nov 2023US$1.6tUS$668.0bUS$195.5b8.5x8.3x2.4x
Sat, 21 Oct 2023US$1.5tUS$665.6bUS$196.0b7.7x7.5x2.2x
Mon, 18 Sep 2023US$1.6tUS$656.8bUS$191.7b8.1x8.2x2.4x
Wed, 16 Aug 2023US$1.6tUS$656.4bUS$191.4b8.4x8.4x2.5x
Fri, 14 Jul 2023US$1.6tUS$641.9bUS$184.0b8x8.8x2.5x
Sun, 11 Jun 2023US$1.6tUS$642.3bUS$184.2b7.9x8.5x2.4x
Tue, 09 May 2023US$1.5tUS$641.7bUS$174.7b7.5x8.3x2.3x
Price to Earnings Ratio

8.3x


Total Market Cap: US$1.5tTotal Earnings: US$174.7bTotal Revenue: US$641.7bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Banks Industry Price to Earnings3Y Average 12.5x202420252026
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 12.5x.
  • The 3-year average PS ratio of 3.2x is lower than the industry's current PS ratio of 3.8x.
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 4.3% 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 Market0.80%
Financials0.79%
Banks1.22%
Diversified Banks1.25%
Regional Banks1.13%
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 6.3%, which is lower than the prior year's growth of 16.1% 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 14% over the next 5 years.
  • However this is lower than its past earnings growth rate of 23% per year.
  • In contrast, the Diversified Banks industry is expected to see its earnings grow by 6.3% 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$312.471.4%
+US$11.2b		23.7%PB2.4x
BAC Bank of AmericaUS$53.242.3%
+US$8.5b		29.6%PB1.4x
WFC Wells FargoUS$80.811.8%
+US$3.9b		9.5%PB1.5x
USB U.S. BancorpUS$56.301.3%
+US$1.1b		35.8%PB1.5x
FITB Fifth Third BancorpUS$50.431.6%
+US$697.5m		35.9%PB1.4x

Latest News

BBT
US$28.71
Beacon Financial
7D
-8.2%
1Y
12.1%
AX
US$87.41
Axos Financial
7D
-8.5%
1Y
29.7%
UMBF
US$129.24
UMB Financial
7D
5.7%
1Y
28.8%
ASB
US$28.18
Associated Banc-Corp
7D
3.0%
1Y
21.3%
WFC
US$80.81
Wells Fargo
7D
1.8%
1Y
9.5%
FITB
US$50.43
Fifth Third Bancorp
7D
1.6%
1Y
35.9%
C
US$127.44
Citigroup
7D
-0.4%
1Y
80.5%

C: AI Wealth Tools And Capital Actions Will Shape Balanced Outlook

Analysts have revised their price target on Citigroup to $142.50 from $132.18, citing updated assumptions around fair value, discount rate, revenue growth, profit margins and future P/E expectations. What's in the News Citi Wealth introduced Citi Sky, an always on AI powered tool built with Google Cloud and Google DeepMind technology.
FCNC.A
US$1,985.39
First Citizens BancShares
7D
2.8%
1Y
8.4%
BAC
US$53.24
Bank of America
7D
2.3%
1Y
29.6%

Bank of America Preferreds Pair Trade Idea

Apr 27
HBAN
US$16.63
Huntington Bancshares
7D
1.4%
1Y
10.3%
USB
US$56.30
U.S. Bancorp
7D
1.3%
1Y
35.8%
JPM
US$312.47
JPMorgan Chase
7D
1.4%
1Y
23.7%
BAP
US$321.97
Credicorp
7D
-0.5%
1Y
60.0%

BAP: Future Returns Will Rely On Dividend Policy And Board Leadership Decisions

Analysts have made a modest upward adjustment to their Credicorp price target, reflecting a slightly higher fair value at $353.99, along with small tweaks to the discount rate, revenue growth, profit margin, and forward P/E inputs. What's in the News A board meeting is scheduled for February 26, 2026, with agenda details yet to be disclosed.
AGBK
US$6.82
AGI
7D
-10.0%
1Y
n/a
NU
US$14.44
Nu Holdings
7D
-0.5%
1Y
16.0%

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.
INTR
US$7.52
Inter & Co
7D
-6.0%
1Y
14.6%

INTR: Upcoming Governance Changes And Investor Day Will Support Earnings Repricing

Analysts have trimmed their 12 month price target for Inter & Co to $12.50, citing updated assumptions that keep fair value steady at $12.50 while reflecting slightly revised views on the discount rate, revenue growth, profit margin, and future P/E. What's in the News Inter & Co scheduled its 2026 Annual General Meeting for April 29, 2026, to be held virtually and at the company offices, with shareholders of record as of March 23, 2026 invited to participate (company filing).