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U.S. Banks Industry Analysis

UpdatedNov 06, 2025
DataAggregated Company Financials
Companies652
  • 7D1.3%
  • 3M8.9%
  • 1Y11.0%
  • YTD18.0%

In the last week, the Banks industry is up 1.3%, with JPMorgan Chase up 2.0%. This takes the industry's 12 month performance to a gain of 11%. As for the next few years, earnings are expected to grow by 9.0% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 06 Nov 2025US$2.6tUS$695.2bUS$192.0b11.1x13.7x3.8x
Sat, 04 Oct 2025US$2.7tUS$678.0bUS$184.0b11.8x14.4x3.9x
Mon, 01 Sep 2025US$2.7tUS$678.7bUS$184.0b11.8x14.5x3.9x
Wed, 30 Jul 2025US$2.6tUS$677.6bUS$183.4b11.3x14.1x3.8x
Fri, 27 Jun 2025US$2.5tUS$668.9bUS$177.1b11.4x14x3.7x
Sun, 25 May 2025US$2.3tUS$668.5bUS$177.0b11.2x13x3.4x
Tue, 22 Apr 2025US$2.1tUS$666.8bUS$176.4b10.6x11.7x3.1x
Thu, 20 Mar 2025US$2.2tUS$663.0bUS$171.9b11.3x13x3.4x
Sat, 15 Feb 2025US$2.5tUS$662.3bUS$171.5b12.1x14.7x3.8x
Mon, 13 Jan 2025US$2.3tUS$654.3bUS$143.4b11.9x16x3.5x
Wed, 11 Dec 2024US$2.4tUS$655.1bUS$143.0b13.1x17x3.7x
Fri, 08 Nov 2024US$2.5tUS$654.2bUS$142.6b12.6x17.2x3.8x
Sun, 06 Oct 2024US$2.1tUS$654.4bUS$145.7b11.5x14.6x3.2x
Tue, 03 Sep 2024US$2.2tUS$653.0bUS$145.7b11.8x15.1x3.4x
Thu, 01 Aug 2024US$2.2tUS$652.6bUS$145.5b11.7x14.8x3.3x
Sat, 29 Jun 2024US$2.0tUS$655.4bUS$151.1b9.9x13.1x3x
Mon, 27 May 2024US$2.0tUS$655.5bUS$151.2b9.8x13.3x3.1x
Wed, 24 Apr 2024US$2.0tUS$653.5bUS$162.4b9.5x12.1x3x
Fri, 22 Mar 2024US$2.0tUS$654.3bUS$166.3b9.5x11.8x3x
Sun, 18 Feb 2024US$1.8tUS$652.8bUS$168.4b9.6x11x2.8x
Tue, 16 Jan 2024US$1.8tUS$670.8bUS$189.3b9.1x9.5x2.7x
Thu, 14 Dec 2023US$1.7tUS$667.8bUS$195.5b9.1x8.8x2.6x
Sat, 11 Nov 2023US$1.5tUS$667.4bUS$195.2b8.2x7.7x2.3x
Mon, 09 Oct 2023US$1.5tUS$656.7bUS$191.6b7.8x7.8x2.3x
Wed, 06 Sep 2023US$1.6tUS$656.8bUS$191.7b8.1x8.1x2.4x
Fri, 04 Aug 2023US$1.6tUS$656.2bUS$189.6b8.7x8.5x2.5x
Sun, 02 Jul 2023US$1.6tUS$641.8bUS$184.0b7.8x8.5x2.4x
Tue, 30 May 2023US$1.5tUS$642.2bUS$184.2b7.6x8.1x2.3x
Thu, 27 Apr 2023US$1.5tUS$673.1bUS$181.2b8x8.3x2.2x
Sat, 25 Mar 2023US$1.5tUS$624.0bUS$165.4b8.5x8.9x2.4x
Mon, 20 Feb 2023US$1.9tUS$617.3bUS$163.1b9.7x11.4x3x
Wed, 18 Jan 2023US$1.8tUS$611.1bUS$161.1b9.8x11.2x3x
Fri, 16 Dec 2022US$1.7tUS$611.6bUS$164.1b9.7x10.2x2.7x
Sun, 13 Nov 2022US$1.9tUS$611.1bUS$164.1b10x11.4x3.1x
Price to Earnings Ratio

11.4x


Total Market Cap: US$1.9tTotal Earnings: US$164.1bTotal Revenue: US$611.1bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Banks Industry Price to Earnings3Y Average 11.9x202320242025
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 13.7x which is higher than its 3-year average PE of 11.9x.
  • The 3-year average PS ratio of 3.1x 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 4.4% 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 Market-1.58%
Financials0.81%
Banks1.31%
Regional Banks1.37%
Diversified Banks1.30%
Industry PE
  • Investors are most optimistic about the Diversified Banks industry which is trading above its 3-year average PE ratio of 11.5x.
    • Analysts are expecting annual earnings growth of 6.8%, 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 6.8% 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$311.682.0%
+US$16.8b		26.2%PB2.5x
C CitigroupUS$101.692.6%
+US$4.6b		47.3%PB0.9x
WFC Wells FargoUS$86.951.1%
+US$2.1b		20.0%PB1.7x
PNC PNC Financial Services GroupUS$184.151.7%
+US$1.2b		-10.2%PB1.4x
FITB Fifth Third BancorpUS$42.511.8%
+US$489.1m		-9.3%PB1.5x

Latest News

FHN
US$21.51
First Horizon
7D
3.8%
1Y
7.0%
OZK
US$44.42
Bank OZK
7D
-1.5%
1Y
-10.0%

OZK: Future Dividend Increases And Business Diversification Will Drive Multiple Expansion

The consensus analyst price target for Bank OZK has been revised downward by $1 to $54.78. This reflects analyst expectations of slower revenue growth and modest profit margin compression, even as they note mixed sentiment regarding the company's ongoing business model transition and exposure to industry trends.
FLG
US$11.04
Flagstar Bank National Association
7D
-4.2%
1Y
-5.3%
TBBK
US$62.71
Bancorp
7D
-19.2%
1Y
10.4%
NU
US$16.17
Nu Holdings
7D
0.5%
1Y
7.6%

NU: Expanding U.S. And Mexico Banking Moves Will Shape Global Platform

Analysts have slightly raised their price target for Nu Holdings from $17.29 to $17.46 per share, citing improved profit margin forecasts, which more than offset a modest decrease in projected revenue growth. What's in the News Nubank has applied for a national bank charter with the Office of the Comptroller of the Currency (OCC) in the United States.
C
US$101.69
Citigroup
7D
2.6%
1Y
47.3%

C: Digital Asset Expansion Will Drive New Revenue Streams Ahead

Analysts have slightly increased their price target for Citigroup from $112.93 to $113.38. This reflects modest improvements in revenue growth and profitability forecasts.
WFC
US$86.95
Wells Fargo
7D
1.1%
1Y
20.0%

WFC: Fee Revenue Strength And Profitability Targets Will Balance Regulatory Headwinds

Wells Fargo's analyst price target has increased by $1.69 to $93.13. Analysts cite the company's core earnings beat, stronger fee revenue, and improved profitability targets as reasons for the upward revision.
JPM
US$311.68
JPMorgan Chase
7D
2.0%
1Y
26.2%
TFC
US$44.06
Truist Financial
7D
0.3%
1Y
-6.3%

TFC: Operational Changes And Discipline In Profitability Will Drive Future Shareholder Returns

The analyst consensus price target for Truist Financial has been revised upward by nearly $1 to $50.50. Analysts cite improved return on tangible common equity estimates and moderately higher revenue growth expectations, which are offset by a slight dip in profit margin.
UMBF
US$107.16
UMB Financial
7D
-1.4%
1Y
-14.7%

UMBF: Heartland Turnaround Will Accelerate Profit Margin Gains Into 2026

Analysts have modestly lowered their price target for UMB Financial by about $2 to $137.54. They cite improved profit margins but reduced revenue growth expectations based on updated earnings outlooks and ongoing momentum in core business segments.
PNC
US$184.15
PNC Financial Services Group
7D
1.7%
1Y
-10.2%

PNC: Expansion Into Western Markets Will Drive Long-Term Asset Scale

Analysts have slightly reduced their fair value estimate for PNC Financial Services Group to approximately $220.88 per share. This change reflects incremental adjustments to discount rate and growth assumptions as recent research highlights continued strong loan growth, resilient fundamentals, and capital flexibility amid evolving market dynamics.
CFG
US$51.44
Citizens Financial Group
7D
2.0%
1Y
6.5%

CFG: Net Interest Margin And Fee Income Gains Will Drive Upside Momentum

The analyst price target for Citizens Financial Group has increased slightly to $61.73. This reflects analysts' expectations for improved profit margins, along with ongoing strength in capital markets and fee income.
BAC
US$52.45
Bank of America
7D
-0.2%
1Y
15.5%

BAC: Solid Loan And Deposit Trends Will Balance Industry Competition Ahead

Bank of America's analyst price target has been raised by $0.75 to $57.98, as analysts cite the company's solid Q3 revenue growth, positive operating leverage, and continued improvement in loan and deposit performance as key drivers behind the updated valuation. Analyst Commentary Recent Street research offers a nuanced view on Bank of America, highlighting both opportunities and risks based on the company's recent financial performance and broader industry trends.
SSB
US$87.98
SouthState Bank
7D
-0.4%
1Y
-21.0%

SSB: Accelerating Loan Pipelines And Lower Costs Will Drive Resilient Profitability

Analysts have revised their price targets for SouthState Bank downward by several dollars per share. This reflects slightly reduced fair value and revenue growth estimates, due to tempered net interest margin outlooks and evolving market expectations.
BAP
US$258.82
Credicorp
7D
-1.7%
1Y
41.1%

Digital Finance Expansion And Lending Guidance Will Shape Peru's Market Outlook

Credicorp Analyst Price Target Sees Modest Increase Analysts have raised their price target for Credicorp from $268.85 to $270.03, citing slightly higher revenue growth and improved profit margins as key factors behind the upward adjustment. What's in the News Credicorp provided earnings guidance for the second half of fiscal year 2025, expecting net interest margin (NIM) to reach the upper end of its 6.2% to 6.5% guidance range and updating cost of risk guidance to 1.8% to 2.2% due to lower-than-anticipated provisioning levels (Key Developments).
FITB
US$42.51
Fifth Third Bancorp
7D
1.8%
1Y
-9.3%

Analyst Commentary Highlights Optimism and Caution on Fifth Third Bancorp Amid Merger and Valuation Shifts

Fifth Third Bancorp's analyst price target has been revised upward by $0.60 to $50.45. This reflects analyst expectations for stronger revenue growth following recent fee momentum, expanded market presence, and merger synergies.