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U.S. Banks Industry Analysis

UpdatedMar 25, 2026
DataAggregated Company Financials
Companies631
  • 7D2.2%
  • 3M-9.2%
  • 1Y15.7%
  • YTD-8.2%

Over the last 7 days, the Banks industry has risen 2.2%, driven by gains from JPMorgan Chase of 1.9%. This takes the industry's 12 month performance to a gain of 16%. As for the next few years, earnings are expected to grow by 8.7% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 26 Mar 2026US$2.6tUS$707.1bUS$195.5b11.2x13.2x3.7x
Sat, 21 Feb 2026US$2.8tUS$706.9bUS$195.7b11.9x14.3x4x
Mon, 19 Jan 2026US$2.8tUS$702.9bUS$192.1b11.9x14.5x4x
Wed, 17 Dec 2025US$2.8tUS$696.0bUS$192.4b12x14.7x4.1x
Fri, 14 Nov 2025US$2.7tUS$695.2bUS$192.0b11.1x14x3.9x
Sun, 12 Oct 2025US$2.6tUS$678.1bUS$184.0b11.3x13.9x3.8x
Tue, 09 Sep 2025US$2.6tUS$677.8bUS$184.1b11.9x14.3x3.9x
Thu, 07 Aug 2025US$2.5tUS$678.4bUS$183.6b11.1x13.6x3.7x
Sat, 05 Jul 2025US$2.6tUS$668.4bUS$177.0b12x14.8x3.9x
Mon, 02 Jun 2025US$2.3tUS$668.5bUS$177.1b11.2x13.2x3.5x
Wed, 30 Apr 2025US$2.2tUS$667.8bUS$176.7b11x12.3x3.3x
Fri, 28 Mar 2025US$2.3tUS$663.1bUS$172.0b11.3x13.4x3.5x
Sun, 23 Feb 2025US$2.4tUS$662.1bUS$171.5b11.7x14.1x3.7x
Tue, 21 Jan 2025US$2.5tUS$660.7bUS$166.2b12.5x14.8x3.7x
Thu, 19 Dec 2024US$2.4tUS$655.1bUS$143.0b12.5x16.6x3.6x
Sat, 16 Nov 2024US$2.4tUS$654.9bUS$143.0b12.9x17x3.7x
Mon, 14 Oct 2024US$2.2tUS$652.6bUS$145.0b11.7x15.2x3.4x
Wed, 11 Sep 2024US$2.1tUS$652.6bUS$145.6b11.4x14.5x3.2x
Fri, 09 Aug 2024US$2.0tUS$652.4bUS$145.4b11x13.6x3x
Sun, 07 Jul 2024US$2.0tUS$649.1bUS$149.5b9.8x13.5x3.1x
Tue, 04 Jun 2024US$2.0tUS$655.5bUS$151.2b9.7x13.3x3.1x
Thu, 02 May 2024US$1.9tUS$653.5bUS$159.8b9.6x12.1x3x
Sat, 30 Mar 2024US$2.0tUS$654.2bUS$166.3b9.6x12.1x3.1x
Mon, 26 Feb 2024US$1.9tUS$653.7bUS$168.4b9.4x11x2.8x
Wed, 24 Jan 2024US$1.8tUS$666.2bUS$175.6b9.4x10.4x2.7x
Fri, 22 Dec 2023US$1.8tUS$667.9bUS$195.5b9.4x9.2x2.7x
Sun, 19 Nov 2023US$1.6tUS$667.9bUS$195.5b8.6x8.2x2.4x
Tue, 17 Oct 2023US$1.5tUS$665.7bUS$197.0b7.8x7.7x2.3x
Thu, 14 Sep 2023US$1.6tUS$656.8bUS$191.7b8x8.1x2.4x
Sat, 12 Aug 2023US$1.7tUS$656.3bUS$191.3b8.6x8.7x2.5x
Mon, 10 Jul 2023US$1.6tUS$641.8bUS$184.0b7.8x8.5x2.4x
Wed, 07 Jun 2023US$1.6tUS$642.2bUS$184.2b7.8x8.4x2.4x
Fri, 05 May 2023US$1.4tUS$641.6bUS$174.6b7.5x8.1x2.2x
Sun, 02 Apr 2023US$1.5tUS$623.9bUS$165.4b8.4x9.2x2.4x
Price to Earnings Ratio

9.2x


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-2.29%
Financials-0.31%
Banks2.24%
Diversified Banks2.45%
Regional Banks1.64%
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 6.6%, 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
JPM JPMorgan ChaseUS$295.422.7%
+US$20.7b		17.7%PB2.3x
WFC Wells FargoUS$80.265.3%
+US$12.6b		9.2%PB1.5x
BAC Bank of AmericaUS$48.754.1%
+US$12.3b		13.8%PB1.3x
C CitigroupUS$114.485.3%
+US$10.2b		56.3%PB1x
PNC PNC Financial Services GroupUS$205.952.4%
+US$1.9b		16.4%PB1.5x

Latest News

BAC
US$48.75
Bank of America
7D
4.1%
1Y
13.8%
CMTV
US$35.36
Community Bancorp
7D
-11.6%
1Y
98.9%
JPM
US$295.42
JPMorgan Chase
7D
2.7%
1Y
17.7%

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$45.39
Truist Financial
7D
3.5%
1Y
8.1%

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$80.26
Wells Fargo
7D
5.3%
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$14.32
Nu Holdings
7D
2.5%
1Y
31.1%

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).
FITB
US$45.81
Fifth Third Bancorp
7D
4.4%
1Y
14.0%
C
US$114.48
Citigroup
7D
5.3%
1Y
56.3%

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.
AGBK
US$7.69
AGI
7D
-20.0%
1Y
n/a
CASH
US$88.64
Pathward Financial
7D
-1.9%
1Y
17.7%

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.
PNC
US$205.95
PNC Financial Services Group
7D
2.4%
1Y
16.4%

PNC: Higher Future P/E And Buybacks May Support Gradual Repricing

Our price target for PNC Financial Services Group edges higher by about $0.45 to $251.90. This reflects analysts' updated assumptions around fair value, discount rate, and a slightly higher future P/E multiple in light of recent price target increases across the Street.
MBWM
US$49.48
Mercantile Bank
7D
-0.3%
1Y
10.4%
CBC
US$23.72
Central Bancompany
7D
-0.3%
1Y
63.6%
MGYR
US$16.54
Magyar Bancorp
7D
-7.7%
1Y
18.4%

Magyar Bancorp (NASDAQ:MGYR) Is Paying Out A Larger Dividend Than Last Year

Feb 03
Magyar Bancorp (NASDAQ:MGYR) Is Paying Out A Larger Dividend Than Last Year
HFBL
US$16.51
Home Federal Bancorp of Louisiana
7D
-6.0%
1Y
26.8%
FGBI
US$8.32
First Guaranty Bancshares
7D
-3.4%
1Y
8.6%