Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

U.S. Banks Industry Analysis

UpdatedMar 13, 2026
DataAggregated Company Financials
Companies631
  • 7D-4.9%
  • 3M-10.0%
  • 1Y21.8%
  • YTD-11.0%

Over the last 7 days, the Banks industry has dropped 4.9%, driven by JPMorgan Chase declining 3.6%. Over the past 12 months, the industry was up 22%. 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
Fri, 13 Mar 2026US$2.6tUS$707.1bUS$195.5b11.2x13.2x3.6x
Sun, 08 Feb 2026US$2.9tUS$706.1bUS$195.4b12x15x4.2x
Tue, 06 Jan 2026US$2.9tUS$693.7bUS$191.7b11.8x15.2x4.2x
Thu, 04 Dec 2025US$2.7tUS$695.9bUS$192.3b11.6x14x3.9x
Sat, 01 Nov 2025US$2.6tUS$695.4bUS$192.1b11.1x13.7x3.8x
Mon, 29 Sep 2025US$2.7tUS$677.7bUS$183.9b11.9x14.9x4x
Wed, 27 Aug 2025US$2.6tUS$678.7bUS$184.0b11.8x14.2x3.9x
Fri, 25 Jul 2025US$2.6tUS$676.1bUS$182.6b11.6x14.3x3.9x
Sun, 22 Jun 2025US$2.4tUS$668.9bUS$177.1b11x13.4x3.6x
Tue, 20 May 2025US$2.4tUS$668.4bUS$177.0b11.4x13.5x3.6x
Thu, 17 Apr 2025US$2.1tUS$666.2bUS$168.8b10.6x12.3x3.1x
Sat, 15 Mar 2025US$2.1tUS$695.8bUS$179.9b11.2x11.9x3.1x
Mon, 10 Feb 2025US$2.5tUS$662.0bUS$171.5b12.1x14.9x3.8x
Wed, 08 Jan 2025US$2.3tUS$654.6bUS$143.4b12.2x16.4x3.6x
Fri, 06 Dec 2024US$2.4tUS$655.1bUS$143.0b13.1x17.1x3.7x
Sun, 03 Nov 2024US$2.2tUS$654.1bUS$142.6b11.8x15.6x3.4x
Tue, 01 Oct 2024US$2.1tUS$654.5bUS$145.7b11.6x14.5x3.2x
Thu, 29 Aug 2024US$2.2tUS$653.0bUS$145.7b11.7x14.8x3.3x
Sat, 27 Jul 2024US$2.2tUS$652.7bUS$145.6b11.8x14.8x3.3x
Mon, 24 Jun 2024US$2.0tUS$655.4bUS$151.1b9.6x12.9x3x
Wed, 22 May 2024US$2.0tUS$655.4bUS$151.2b9.9x13.2x3.1x
Fri, 19 Apr 2024US$1.9tUS$654.4bUS$162.1b9.2x11.5x2.9x
Sun, 17 Mar 2024US$1.9tUS$654.2bUS$166.3b9.4x11.5x2.9x
Tue, 13 Feb 2024US$1.8tUS$652.8bUS$168.4b9.6x10.8x2.8x
Thu, 11 Jan 2024US$1.8tUS$668.2bUS$195.6b9.2x9.4x2.7x
Sat, 09 Dec 2023US$1.7tUS$667.7bUS$195.4b8.9x8.7x2.5x
Mon, 06 Nov 2023US$1.5tUS$666.2bUS$195.2b8.3x7.9x2.3x
Wed, 04 Oct 2023US$1.5tUS$656.7bUS$191.6b7.7x7.8x2.3x
Fri, 01 Sep 2023US$1.6tUS$656.9bUS$191.7b8.1x8.2x2.4x
Sun, 30 Jul 2023US$1.7tUS$655.0bUS$189.2b8.6x9x2.6x
Tue, 27 Jun 2023US$1.5tUS$642.3bUS$184.2b7.7x8.2x2.4x
Thu, 25 May 2023US$1.5tUS$642.2bUS$184.2b7.6x8.1x2.3x
Sat, 22 Apr 2023US$1.6tUS$640.2bUS$174.2b8.2x8.9x2.4x
Mon, 20 Mar 2023US$1.5tUS$624.0bUS$165.4b8.6x9x2.4x
Price to Earnings Ratio

9x


Total Market Cap: US$1.5tTotal 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-2.29%
Financials-4.87%
Banks-4.85%
Regional Banks-4.80%
Diversified Banks-4.87%
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
EQBK Equity BancsharesUS$43.70-3.3%
US$61.0m		12.0%PB1.3x
CMTV Community BancorpUS$37.9325.6%
+US$43.0m		116.7%PB1.9x
ESQ Esquire Financial HoldingsUS$106.014.3%
+US$35.3m		48.5%PB3x
FCBC First Community BanksharesUS$40.040.08%
+US$30.2m		5.5%PB1.5x
TBBK BancorpUS$53.301.2%
+US$27.0m		2.8%PB3.3x

Latest News

ESQ
US$106.01
Esquire Financial Holdings
7D
4.3%
1Y
48.5%
JPM
US$282.89
JPMorgan Chase
7D
-3.6%
1Y
25.6%
FITB
US$43.59
Fifth Third Bancorp
7D
-10.5%
1Y
16.3%

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$37.93
Community Bancorp
7D
25.6%
1Y
116.7%
BAC
US$47.13
Bank of America
7D
-5.4%
1Y
18.8%

BAC: Net Interest Income And Cost Control Will Support Future Earnings

Narrative Update: Bank of America The updated analyst price target for Bank of America edges slightly lower to about $62.19, with analysts citing modest tweaks to discount rate assumptions and P/E expectations after a mix of recent target raises and cuts across the Street. Analyst Commentary Recent research on Bank of America shows a split view, with some firms lifting targets and ratings while others pull back slightly or turn more cautious.
TFC
US$44.37
Truist Financial
7D
-8.5%
1Y
12.4%
PNC
US$202.69
PNC Financial Services Group
7D
-4.6%
1Y
20.0%

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.
FCBC
US$40.04
First Community Bankshares
7D
0.08%
1Y
5.5%
WFC
US$75.25
Wells Fargo
7D
-8.4%
1Y
9.9%

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.
RBCA.A
US$68.80
Republic Bancorp
7D
0.2%
1Y
8.2%
EQBK
US$43.70
Equity Bancshares
7D
-3.3%
1Y
12.0%
NU
US$13.97
Nu Holdings
7D
-5.7%
1Y
30.0%

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$53.30
Bancorp
7D
1.2%
1Y
2.8%
C
US$105.50
Citigroup
7D
-3.2%
1Y
56.9%

C: Capital Actions And Consumer Restructuring Will Shape Future Earnings Quality

Analysts have nudged their Citigroup price target slightly lower to about $114.04 from roughly $114.36, reflecting updated views on growth, profitability, discount rates and future P/E assumptions. What's in the News Citigroup Global Markets Inc.
IBOC
US$67.32
International Bancshares
7D
0.5%
1Y
9.9%
PNBK
US$1.32
Patriot National Bancorp
7D
3.9%
1Y
23.9%