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U.S. Banks Industry Analysis

UpdatedMar 28, 2026
DataAggregated Company Financials
Companies632
  • 7D-0.5%
  • 3M-11.7%
  • 1Y17.0%
  • YTD-10.8%

Over the last 7 days, the Banks industry has remained flat. The past year has been better, since the industry has gained 17% in that time. Looking forward, earnings are forecast to grow by 8.7% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 29 Mar 2026US$2.6tUS$707.1bUS$195.5b11.1x13.3x3.7x
Tue, 24 Feb 2026US$2.8tUS$706.9bUS$195.7b11.6x14.5x4x
Thu, 22 Jan 2026US$2.7tUS$705.6bUS$194.1b12.1x14.1x3.9x
Sat, 20 Dec 2025US$2.8tUS$696.2bUS$192.4b11.9x14.6x4x
Mon, 17 Nov 2025US$2.6tUS$696.0bUS$192.4b11.2x13.6x3.8x
Wed, 15 Oct 2025US$2.6tUS$682.1bUS$185.7b11.7x14x3.8x
Fri, 12 Sep 2025US$2.7tUS$677.7bUS$183.9b11.9x14.4x3.9x
Sun, 10 Aug 2025US$2.5tUS$678.1bUS$183.7b11.2x13.6x3.7x
Tue, 08 Jul 2025US$2.6tUS$668.4bUS$177.0b11.9x14.8x3.9x
Thu, 05 Jun 2025US$2.4tUS$668.7bUS$177.1b11x13.3x3.5x
Sat, 03 May 2025US$2.2tUS$667.9bUS$176.6b11.1x12.5x3.3x
Mon, 31 Mar 2025US$2.2tUS$663.1bUS$172.0b11.2x13x3.4x
Wed, 26 Feb 2025US$2.4tUS$662.1bUS$171.5b11.7x14.1x3.6x
Fri, 24 Jan 2025US$2.5tUS$660.4bUS$168.1b12.3x14.7x3.7x
Sun, 22 Dec 2024US$2.3tUS$655.1bUS$143.0b12.4x16.2x3.5x
Tue, 19 Nov 2024US$2.4tUS$654.9bUS$143.0b12.8x17.1x3.7x
Thu, 17 Oct 2024US$2.2tUS$652.3bUS$143.9b12x15.5x3.4x
Sat, 14 Sep 2024US$2.1tUS$654.3bUS$145.7b11.5x14.1x3.1x
Mon, 12 Aug 2024US$2.0tUS$652.5bUS$145.4b10.9x13.9x3.1x
Wed, 10 Jul 2024US$2.0tUS$649.2bUS$149.5b10x13.5x3.1x
Fri, 07 Jun 2024US$2.0tUS$655.4bUS$151.1b9.7x13x3x
Sun, 05 May 2024US$2.0tUS$653.4bUS$159.8b9.7x12.3x3x
Tue, 02 Apr 2024US$2.0tUS$653.8bUS$166.2b9.6x12.1x3.1x
Thu, 29 Feb 2024US$1.9tUS$654.3bUS$168.9b9.4x11.1x2.9x
Sat, 27 Jan 2024US$1.8tUS$664.0bUS$173.0b9.9x10.6x2.8x
Mon, 25 Dec 2023US$1.8tUS$667.9bUS$195.5b9.5x9.3x2.7x
Wed, 22 Nov 2023US$1.6tUS$668.0bUS$195.5b8.5x8.3x2.4x
Fri, 20 Oct 2023US$1.5tUS$665.8bUS$196.1b7.7x7.7x2.3x
Sun, 17 Sep 2023US$1.6tUS$656.8bUS$191.7b8.1x8.2x2.4x
Tue, 15 Aug 2023US$1.7tUS$656.2bUS$191.3b8.5x8.7x2.5x
Thu, 13 Jul 2023US$1.6tUS$641.9bUS$184.0b7.9x8.7x2.5x
Sat, 10 Jun 2023US$1.6tUS$642.3bUS$184.2b7.9x8.5x2.4x
Mon, 08 May 2023US$1.5tUS$641.7bUS$174.7b7.6x8.3x2.3x
Wed, 05 Apr 2023US$1.5tUS$623.9bUS$165.4b8.4x9x2.4x
Price to Earnings Ratio

9x


Total Market Cap: US$1.5tTotal Earnings: US$165.4bTotal Revenue: US$623.9bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Banks Industry Price to Earnings3Y Average 12.4x202420252026
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 12.4x.
  • The 3-year average PS ratio of 3.2x is lower than the industry's current PS ratio of 3.7x.
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 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 Market-1.92%
Financials-1.80%
Banks-0.46%
Regional Banks0.99%
Diversified Banks-0.97%
Industry PE
  • Investors are most optimistic about the Diversified Banks industry which is trading above its 3-year average PE ratio of 12.0x.
    • Analysts are expecting annual earnings growth of 6.7%, which is lower than the prior year's growth of 14.1% per year.
  • Investors are most pessimistic about the Regional Banks industry, which is trading close to its 3-year average of 14.0x.
Forecasted Growth
  • Analysts are most optimistic on the Regional Banks industry, expecting annual earnings growth of 15% over the next 5 years.
  • However this is lower than its past earnings growth rate of 20% per year.
  • In contrast, the Diversified Banks industry is expected to see its earnings grow by 6.7% 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
TFC Truist FinancialUS$44.530.8%
+US$459.2m		10.1%PB0.9x
MTB M&T BankUS$200.931.4%
+US$412.8m		14.6%PB1.1x
CFG Citizens Financial GroupUS$57.781.3%
+US$323.0m		43.6%PB1x
FLG Flagstar Bank National AssociationUS$13.056.3%
+US$320.3m		12.5%PB0.7x
FITB Fifth Third BancorpUS$44.540.8%
+US$316.9m		14.8%PB2x

Latest News

FLG
US$13.05
Flagstar Bank National Association
7D
6.3%
1Y
12.5%
USB
US$50.85
U.S. Bancorp
7D
-0.8%
1Y
20.3%
AGBK
US$6.91
AGI
7D
-23.0%
1Y
n/a
MTB
US$200.93
M&T Bank
7D
1.4%
1Y
14.6%

MTB: Loan Momentum And Capital Return Will Support Future Shareholder Returns

The analyst price target for M&T Bank has edged higher, with recent moves up to a range of about $225 to $271, as analysts point to drivers such as loan growth, net interest margin, capital return and improving multi year fundamentals. A slightly higher discount rate keeps the model fair value estimate broadly steady at about $234.73.
RF
US$25.16
Regions Financial
7D
-0.8%
1Y
17.5%

RF: Credit Trends And Buybacks Will Drive Future Upside Potential

The updated analyst price target for Regions Financial now stands at about $30.72. This reflects a fine-tuned outlook as analysts balance recent target increases from firms like JPMorgan, UBS, Piper Sandler and Goldman Sachs with more cautious moves including target cuts and downgrades tied to valuation, guidance and credit risk.
PNC
US$202.39
PNC Financial Services Group
7D
0.3%
1Y
17.8%

PNC: Higher Future P/E Could Reward Improving Regional Bank Sentiment

Analysts trimmed the PNC Financial Services Group fair value estimate by about $1 to $250.59, reflecting a slightly higher discount rate, an updated future P/E of about 16x, and recent Street research in which most firms raised long-term price targets while one firm reduced its target by $6. Analyst Commentary Recent Street research on PNC Financial Services Group shows a mix of optimism on valuation and growth, balanced by some caution on earnings quality and the sector backdrop.
FITB
US$44.54
Fifth Third Bancorp
7D
0.8%
1Y
14.8%

FITB: Comerica Integration And Loan Trends Poised To Drive 2026 Profitability

Analysts have made a modest adjustment to the fair value estimate for Fifth Third Bancorp to $56.76 from $57.68, reflecting updated views on commercial and industrial loan trends, anticipated cost savings from the Comerica integration, and recent shifts in Street price targets, which now range from about $50 to $67. Analyst Commentary Recent Street research on Fifth Third Bancorp clusters around a generally constructive view on the shares, with differing opinions on how much upside remains relative to current fair value estimates.
BAC
US$46.97
Bank of America
7D
-0.4%
1Y
13.9%

BAC: Net Interest Income And Expense Discipline Will Support Future Returns

Analysts have nudged the Bank of America price target slightly lower to about $61.77, reflecting a modestly reduced fair value estimate alongside updated assumptions on discount rate, profit margin, and future P/E after a mix of target raises and cuts across recent research. Analyst Commentary Recent Street research on Bank of America shows a mix of optimism and caution, with several firms adjusting price targets and ratings as they revisit assumptions on earnings power, profitability, and valuation multiples.
ZION
US$55.40
Zions Bancorporation National Association
7D
2.5%
1Y
12.0%
CFG
US$57.78
Citizens Financial Group
7D
1.3%
1Y
43.6%

CFG: Multi Year Upside Will Rely On Credit Strength And Buybacks

Narrative Update on Citizens Financial Group The analyst price target for Citizens Financial Group has been trimmed by $0.60 to reflect a slightly lower fair value of $72.2. Analysts are balancing earlier target increases with more cautious assumptions around required returns and forward P/E multiples. Analyst Commentary Recent Street research on Citizens Financial Group shows a mix of optimism on earnings power and capital strength alongside some caution on valuation and execution risk.
COLB
US$26.70
Columbia Banking System
7D
2.1%
1Y
8.0%

COLB: Steepening Yield Curve Is Expected To Support Profitability Upside

Analysts have nudged the consolidated price target for Columbia Banking System higher by a few dollars into the low $30s, citing a solid profitability outlook for regional banks, a normalized and steepening yield curve, and expectations for stable loan and revenue trends across the group. Analyst Commentary Recent research coverage clusters around a consistent message, with multiple firms lifting their price targets into the low US$30s while generally maintaining neutral or hold stances.
JPM
US$282.84
JPMorgan Chase
7D
-1.3%
1Y
16.5%

JPMorgan Chase & Co. (JPM): The Fortress of AI Banking – Leading the New Financial Frontier

JPMorgan Chase (JPM) is trading at $289.91 USD on the NYSE as of March 23, 2026, marking a 1.17% gain in today's session. While the stock has faced some technical resistance earlier in the quarter—pulling back from its January all-time high of $337.25—the narrative for 2026 is one of structural evolution.
TFC
US$44.53
Truist Financial
7D
0.8%
1Y
10.1%

TFC: Excess Capital And Buybacks Are Expected To Lift Future Returns

The fair value estimate for Truist Financial has been adjusted slightly lower to $56.55 as analysts weigh higher discount rate assumptions against a series of recent upgrades and price target increases that highlight excess capital, buyback potential, and improving fundamentals. Analyst Commentary Recent Street research around Truist Financial centers on excess capital, buyback capacity, and potential for improving returns, with a growing cluster of upgrades and higher price targets.
WFC
US$77.19
Wells Fargo
7D
-0.5%
1Y
9.2%

WFC: Future Returns Will Reflect ROTCE Expansion Despite Sector Multiple Pressure

The analyst price target on Wells Fargo has been trimmed slightly, reflecting a modest fair value adjustment to about $100.52 as analysts weigh mixed target changes across the Street and updated assumptions on profitability and sector valuations. Analyst Commentary Recent research on Wells Fargo points to a split view, with some analysts focusing on upside to earnings power and capital return, while others question how much of that story is already reflected in the share price.
NU
US$13.60
Nu Holdings
7D
-2.4%
1Y
31.4%

NU: US Bank Charter And F1 Partnership Will Support Long-Term Earnings

Analysts kept their $22.00 price target for Nu Holdings unchanged, citing updated assumptions that include a lower discount rate, a revised revenue growth outlook, a higher profit margin and a lower future P/E multiple. What's in the News Nu received conditional approval from the US Office of the Comptroller of the Currency to form a de novo national bank, Nubank, N.A., moving into the bank organization phase that includes meeting OCC conditions and obtaining additional approvals from the FDIC and the Federal Reserve (Regulatory Authority – Compliance).
C
US$107.38
Citigroup
7D
-2.0%
1Y
52.7%

C: Banamex Stake Sale And Capital Actions Will Drive Future Upside

Analysts have raised their price target on Citigroup from $116.00 to about $134.32, citing updated assumptions that include different revenue growth, profit margin, future P/E expectations, and an adjusted discount rate. What's in the News Citi signed a long term lease for premium office space in The Rock, a new 9,492 m² office development in Luxembourg’s Cloche d’Or district.