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U.S. Banks Industry Analysis

UpdatedFeb 06, 2026
DataAggregated Company Financials
Companies638
  • 7D2.5%
  • 3M8.7%
  • 1Y15.5%
  • YTD1.2%

In the last week, the Banks industry is up 2.5%, with Bank of America up 3.5%. In the same time, Nu Holdings was down 10%. This means that the industry has gained 15% over the past year. Looking forward, earnings are forecast to grow by 8.8% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 06 Feb 2026US$2.9tUS$706.0bUS$195.4b12x14.8x4.1x
Sun, 04 Jan 2026US$2.9tUS$693.7bUS$191.7b11.8x14.9x4.1x
Tue, 02 Dec 2025US$2.7tUS$695.9bUS$192.4b11.5x14x3.9x
Thu, 30 Oct 2025US$2.6tUS$694.9bUS$192.0b11x13.7x3.8x
Sat, 27 Sep 2025US$2.7tUS$677.7bUS$183.9b11.9x14.8x4x
Mon, 25 Aug 2025US$2.6tUS$678.7bUS$184.0b11.8x14.2x3.9x
Wed, 23 Jul 2025US$2.6tUS$679.7bUS$184.0b11.9x13.9x3.8x
Fri, 20 Jun 2025US$2.4tUS$668.9bUS$177.1b11x13.4x3.6x
Sun, 18 May 2025US$2.4tUS$668.5bUS$177.0b11.3x13.5x3.6x
Tue, 15 Apr 2025US$2.0tUS$663.6bUS$173.6b10.5x11.7x3.1x
Thu, 13 Mar 2025US$2.1tUS$662.7bUS$171.9b11.2x12.5x3.2x
Sat, 08 Feb 2025US$2.6tUS$662.0bUS$171.5b12.1x15x3.9x
Mon, 06 Jan 2025US$2.3tUS$654.5bUS$143.4b12.3x16.3x3.6x
Wed, 04 Dec 2024US$2.5tUS$655.0bUS$143.0b13.1x17.3x3.8x
Fri, 01 Nov 2024US$2.2tUS$654.2bUS$142.7b11.8x15.6x3.4x
Sun, 29 Sep 2024US$2.1tUS$653.8bUS$145.5b11.5x14.5x3.2x
Tue, 27 Aug 2024US$2.2tUS$653.0bUS$145.7b11.7x14.8x3.3x
Thu, 25 Jul 2024US$2.2tUS$653.5bUS$147.0b11.3x14.7x3.3x
Sat, 22 Jun 2024US$2.0tUS$655.4bUS$151.1b9.6x13x3x
Mon, 20 May 2024US$2.0tUS$655.4bUS$151.2b9.9x13.5x3.1x
Wed, 17 Apr 2024US$1.9tUS$656.8bUS$165.1b9.1x11.4x2.9x
Fri, 15 Mar 2024US$1.9tUS$654.2bUS$166.3b9.3x11.6x3x
Sun, 11 Feb 2024US$1.8tUS$652.8bUS$168.4b9.5x10.7x2.8x
Tue, 09 Jan 2024US$1.9tUS$668.2bUS$195.6b9.3x9.5x2.8x
Thu, 07 Dec 2023US$1.7tUS$667.6bUS$195.4b8.8x8.6x2.5x
Sat, 04 Nov 2023US$1.6tUS$666.2bUS$195.2b8.3x7.9x2.3x
Mon, 02 Oct 2023US$1.5tUS$656.7bUS$191.6b7.8x7.9x2.3x
Wed, 30 Aug 2023US$1.6tUS$656.9bUS$191.7b8.2x8.2x2.4x
Fri, 28 Jul 2023US$1.7tUS$654.1bUS$191.0b8.6x9x2.6x
Sun, 25 Jun 2023US$1.5tUS$642.3bUS$184.2b7.7x8.2x2.3x
Tue, 23 May 2023US$1.5tUS$642.4bUS$184.2b7.7x8.2x2.3x
Thu, 20 Apr 2023US$1.6tUS$636.2bUS$171.9b8.4x9.2x2.5x
Sat, 18 Mar 2023US$1.5tUS$617.8bUS$163.5b8.4x9x2.4x
Mon, 13 Feb 2023US$1.9tUS$616.8bUS$163.3b9.7x11.3x3x
Price to Earnings Ratio

11.3x


Total Market Cap: US$1.9tTotal Earnings: US$163.3bTotal Revenue: US$616.8bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Banks Industry Price to Earnings3Y Average 12.2x202420252026
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 14.8x which is higher than its 3-year average PE of 12.2x.
  • The 3-year average PS ratio of 3.2x is lower than the industry's current PS ratio of 4.1x.
Past Earnings Growth
  • The earnings for companies in the Banks industry have grown 6.2% per year over the last three years.
  • Revenues for these companies have grown 4.6% 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-2.98%
Financials-1.15%
Banks2.45%
Regional Banks5.06%
Diversified Banks1.57%
Industry PE
  • Investors are most optimistic about the Diversified Banks industry which is trading above its 3-year average PE ratio of 11.9x.
    • Analysts are expecting annual earnings growth of 6.8%, which is lower than the prior year's growth of 13.6% per year.
  • Investors are most pessimistic about the Regional Banks industry, which is trading close to its 3-year average of 13.9x.
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 19% per year.
  • 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
BAC Bank of AmericaUS$54.943.5%
+US$13.4b		15.1%PB1.4x
JPM JPMorgan ChaseUS$310.161.2%
+US$10.1b		12.0%PB2.4x
PNC PNC Financial Services GroupUS$238.516.3%
+US$5.5b		17.8%PB1.5x
TFC Truist FinancialUS$55.147.4%
+US$4.8b		14.5%PB1.2x
USB U.S. BancorpUS$59.114.9%
+US$4.3b		23.8%PB1.6x

Latest News

TBBK
US$58.54
Bancorp
7D
-17.0%
1Y
-6.4%
CCB
US$84.97
Coastal Financial
7D
-15.7%
1Y
-5.1%
USB
US$59.11
U.S. Bancorp
7D
4.9%
1Y
23.8%
FHB
US$26.71
First Hawaiian
7D
-3.1%
1Y
-5.2%

First Hawaiian (NASDAQ:FHB) Will Pay A Dividend Of $0.26

Feb 05
First Hawaiian (NASDAQ:FHB) Will Pay A Dividend Of $0.26
TFC
US$55.14
Truist Financial
7D
7.4%
1Y
14.5%
CUBI
US$76.70
Customers Bancorp
7D
-2.8%
1Y
31.9%

CUBI: Higher Margins And Improved Risk Profile Are Expected To Support Upside

The analyst price target for Customers Bancorp has increased from US$95 to US$104, with analysts referencing updated assumptions around revenue growth, profit margins, discount rate, and future P/E as key drivers behind the change. Analyst Commentary Recent Street research has reflected a more optimistic tone on Customers Bancorp, with several bullish analysts revisiting their valuation work and adjusting price targets upward.
JPM
US$310.16
JPMorgan Chase
7D
1.2%
1Y
12.0%

JPM: Premium Pricing Will Face Test From Credit And Regulatory Pressures

Analysts have nudged their price targets on JPMorgan Chase higher, citing continued best in class execution, refreshed earnings estimates, and support from factors like balance sheet growth, capital return capacity, and potential benefits from partnerships such as the Apple Card program transfer. Analyst Commentary Recent research has generally framed JPMorgan as a high quality bank with strong execution, but not all commentary is unqualifiedly positive.
BAC
US$54.94
Bank of America
7D
3.5%
1Y
15.1%
FITB
US$53.79
Fifth Third Bancorp
7D
8.0%
1Y
21.4%
HBAN
US$19.02
Huntington Bancshares
7D
10.0%
1Y
10.8%
TFSL
US$14.52
TFS Financial
7D
-1.2%
1Y
4.6%
WFC
US$92.01
Wells Fargo
7D
1.5%
1Y
13.0%
BAP
US$356.40
Credicorp
7D
-2.5%
1Y
84.8%
NU
US$16.81
Nu Holdings
7D
-10.4%
1Y
22.0%
INTR
US$8.66
Inter & Co
7D
-11.8%
1Y
55.8%
PNC
US$238.51
PNC Financial Services Group
7D
6.3%
1Y
17.8%

PNC: Higher Earnings Power And FirstBank Deal May Support Rerating

Analysts lifted their fair value estimate for PNC Financial Services Group by about $9.81 to $245.93, citing updated assumptions for modestly higher revenue growth and profit margins, along with a slightly lower discount rate and a recalibrated future P/E multiple in line with recent Street price target increases from firms including TD Cowen, HSBC and Evercore ISI. Analyst Commentary Recent Street research on PNC Financial Services Group centers on a series of higher price targets, updated earnings assumptions, and differing views on how quickly regional banks might regain favor with investors.