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U.S. Banks Industry Analysis

UpdatedMar 15, 2026
DataAggregated Company Financials
Companies630
  • 7D-3.4%
  • 3M-10.7%
  • 1Y17.5%
  • YTD-11.4%

In the last week, the Banks industry is down 3.4% with Wells Fargo down the most at 7.9%. On the other hand Esquire Financial Holdings is actually up 11%. In the past year, the industry has gained 18%. 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, 15 Mar 2026US$2.5tUS$707.1bUS$195.5b11.2x12.9x3.6x
Tue, 10 Feb 2026US$2.9tUS$706.1bUS$195.4b12x15x4.2x
Thu, 08 Jan 2026US$2.9tUS$693.7bUS$191.7b11.9x15.3x4.2x
Sat, 06 Dec 2025US$2.8tUS$695.8bUS$192.3b11.6x14.4x4x
Mon, 03 Nov 2025US$2.6tUS$695.4bUS$192.1b11x13.8x3.8x
Wed, 01 Oct 2025US$2.7tUS$678.1bUS$184.0b11.8x14.8x4x
Fri, 29 Aug 2025US$2.7tUS$678.7bUS$184.0b11.7x14.5x3.9x
Sun, 27 Jul 2025US$2.6tUS$677.5bUS$183.4b11.4x14.2x3.8x
Tue, 24 Jun 2025US$2.4tUS$668.9bUS$177.1b11.2x13.7x3.6x
Thu, 22 May 2025US$2.4tUS$668.5bUS$177.0b11.3x13.4x3.6x
Sat, 19 Apr 2025US$2.1tUS$666.8bUS$176.5b10.7x11.7x3.1x
Mon, 17 Mar 2025US$2.2tUS$662.8bUS$171.9b11.2x12.8x3.3x
Wed, 12 Feb 2025US$2.5tUS$662.0bUS$171.5b12.3x14.6x3.8x
Fri, 10 Jan 2025US$2.4tUS$654.4bUS$143.4b12.1x16.4x3.6x
Sun, 08 Dec 2024US$2.5tUS$655.1bUS$143.0b13.1x17.2x3.8x
Tue, 05 Nov 2024US$2.2tUS$654.1bUS$142.6b11.8x15.6x3.4x
Thu, 03 Oct 2024US$2.1tUS$654.4bUS$145.7b11.4x14.6x3.2x
Sat, 31 Aug 2024US$2.2tUS$653.0bUS$145.7b11.8x14.9x3.3x
Mon, 29 Jul 2024US$2.2tUS$652.6bUS$145.5b11.7x15x3.3x
Wed, 26 Jun 2024US$2.0tUS$655.4bUS$151.1b9.6x13.1x3x
Fri, 24 May 2024US$2.0tUS$655.4bUS$151.1b9.7x13.3x3.1x
Sun, 21 Apr 2024US$1.9tUS$654.1bUS$161.6b9.4x11.8x2.9x
Tue, 19 Mar 2024US$1.9tUS$654.2bUS$166.3b9.4x11.6x2.9x
Thu, 15 Feb 2024US$1.8tUS$652.8bUS$168.4b9.4x10.6x2.7x
Sat, 13 Jan 2024US$1.8tUS$668.9bUS$196.4b9.1x9.2x2.7x
Mon, 11 Dec 2023US$1.7tUS$667.9bUS$195.5b8.9x8.8x2.6x
Wed, 08 Nov 2023US$1.5tUS$666.8bUS$195.2b8.3x7.9x2.3x
Fri, 06 Oct 2023US$1.5tUS$656.7bUS$191.6b7.8x7.7x2.3x
Sun, 03 Sep 2023US$1.6tUS$656.9bUS$191.7b8.2x8.3x2.4x
Tue, 01 Aug 2023US$1.7tUS$655.0bUS$189.2b8.7x9.1x2.6x
Thu, 29 Jun 2023US$1.5tUS$642.3bUS$184.2b7.7x8.2x2.4x
Sat, 27 May 2023US$1.5tUS$642.2bUS$184.2b7.6x8.1x2.3x
Mon, 24 Apr 2023US$1.6tUS$640.3bUS$174.2b8.2x8.9x2.4x
Wed, 22 Mar 2023US$1.6tUS$624.0bUS$165.4b8.7x9.4x2.5x
Price to Earnings Ratio

9.4x


Total Market Cap: US$1.6tTotal Earnings: US$165.4bTotal Revenue: US$624.0bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Banks Industry Price to Earnings3Y Average 12.3x202420252026
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 12.3x.
  • The 3-year average PS ratio of 3.2x is lower than the industry's current PS ratio of 3.6x.
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-1.62%
Financials-3.35%
Banks-3.37%
Regional Banks-3.28%
Diversified Banks-3.40%
Industry PE
  • Investors are most optimistic about the Diversified Banks industry, which is trading close to its 3-year average PE ratio of 12.0x.
    • Analysts are expecting annual earnings growth of 6.6%, 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 6.6% 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
ESQ Esquire Financial HoldingsUS$109.9910.7%
+US$86.4m		50.5%PB3.1x
IBOC International BancsharesUS$67.481.4%
+US$59.1m		6.8%PB1.3x
CMTV Community BancorpUS$38.9827.8%
+US$47.2m		122.7%PB1.9x
NWFL Norwood FinancialUS$28.30-2.7%
US$37.6m		13.4%PB1.3x
TBBK BancorpUS$53.551.7%
+US$37.6m		3.3%PB3.3x

Latest News

BAC
US$46.72
Bank of America
7D
-3.9%
1Y
14.3%
ESQ
US$109.99
Esquire Financial Holdings
7D
10.7%
1Y
50.5%
USB
US$51.00
U.S. Bancorp
7D
-2.6%
1Y
21.4%
TCBI
US$92.52
Texas Capital Bancshares
7D
0.7%
1Y
23.9%
JPM
US$283.44
JPMorgan Chase
7D
-2.1%
1Y
21.9%
FITB
US$43.40
Fifth Third Bancorp
7D
-8.2%
1Y
12.6%

FITB: Comerica Integration Expected To Drive Best In Class 2026 Profitability

Analysts have nudged their fair value estimate for Fifth Third Bancorp higher by roughly $0.35 to $57.68. This reflects a series of recent price target increases across the Street that highlight expectations for loan growth, net interest margin support, capital return, and potential benefits from the Comerica acquisition.
CMTV
US$38.98
Community Bancorp
7D
27.8%
1Y
122.7%
MTB
US$196.26
M&T Bank
7D
-6.7%
1Y
11.8%

MTB: Loan Momentum And Buybacks Will Drive Returns Despite Credit Risk

M&T Bank's updated analyst price target edges higher, with the fair value estimate moving from about $233 to roughly $235. Analysts cite factors such as loan growth, net interest income momentum and balance sheet trends, while acknowledging that some recent price moves already reflect an improved outlook.
TFC
US$43.83
Truist Financial
7D
-5.7%
1Y
8.1%
CASH
US$91.17
Pathward Financial
7D
1.4%
1Y
26.8%

CASH: Buybacks And Auditor Shift Will Shape Future P E Re Rating Profile

Analysts have adjusted their price target on Pathward Financial to $100, largely reflecting updated views on its fair value, discount rate, revenue growth, profit margin, and future P/E assumptions following recent research that included an upgrade to Outperform by Keefe Bruyette analysts. Analyst Commentary Recent research behind the move to a US$100 price target reflects a mix of optimism about Pathward Financial’s positioning and some caution around execution and valuation risks.
NBN
US$109.17
Northeast Bank
7D
2.9%
1Y
18.0%

NBN: Future Returns Will Rely On Stable Margins Despite Higher Charge Offs

Analysts kept their $126.50 price target for Northeast Bank steady, citing essentially unchanged fair value, growth, margin, and P/E assumptions in their updated model. What's in the News Northeast Bank reported net charge-offs of $2,942,000 for the quarter ended December 31, 2025, compared with $869,000 for the same quarter a year earlier (Key Developments).
WFC
US$74.10
Wells Fargo
7D
-7.9%
1Y
4.6%

WFC: Future Returns Will Reflect ROTCE Expansion And Capital Return Durability

Analysts have nudged our Wells Fargo fair value estimate slightly lower to about $101 from roughly $102, reflecting modestly reduced sector valuation assumptions, even as they highlight stable earnings forecasts, steady profitability expectations, and a slightly lower future P/E multiple in recent price target moves across the Street. Analyst Commentary Recent Street research on Wells Fargo reflects a mix of optimism and caution, with several firms adjusting price targets in both directions while largely keeping earnings assumptions intact.
NU
US$13.89
Nu Holdings
7D
-4.7%
1Y
18.4%

NU: US Banking Approval And F1 Partnership Will Support Upside Potential

Analysts have nudged their price target on Nu Holdings to $17.20 from $17.00, reflecting updated assumptions on discount rates, revenue growth, profit margin and a higher 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. This is a key step toward offering deposit accounts, credit cards, lending and digital asset custody under a US federal banking framework (Key Developments).
TBBK
US$53.55
Bancorp
7D
1.7%
1Y
3.3%
IBOC
US$67.48
International Bancshares
7D
1.4%
1Y
6.8%
NWFL
US$28.30
Norwood Financial
7D
-2.7%
1Y
13.4%