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U.S. Banks Industry Analysis

UpdatedJul 13, 2026
DataAggregated Company Financials
Companies621
  • 7D-0.5%
  • 3M8.4%
  • 1Y21.0%
  • YTD7.5%

In the last week, Banks has been flat. The past year has been better, since the industry has gained 21% in that time. Looking forward, earnings are forecast to grow by 8.2% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 14 Jul 2026US$3.0tUS$728.5bUS$205.0b12.2x14.8x4.2x
Thu, 11 Jun 2026US$2.8tUS$728.9bUS$205.1b11.8x13.8x3.9x
Sat, 09 May 2026US$2.8tUS$727.9bUS$204.6b11.4x13.5x3.8x
Mon, 06 Apr 2026US$2.6tUS$707.0bUS$195.7b11.4x13.5x3.7x
Wed, 04 Mar 2026US$2.7tUS$707.3bUS$195.6b11.5x13.8x3.8x
Fri, 30 Jan 2026US$2.8tUS$714.8bUS$197.8b11.8x14.1x3.9x
Sun, 28 Dec 2025US$2.9tUS$696.2bUS$192.4b11.9x15x4.2x
Tue, 25 Nov 2025US$2.6tUS$695.9bUS$192.4b11.2x13.5x3.7x
Thu, 23 Oct 2025US$2.6tUS$691.9bUS$190.6b11.3x13.6x3.7x
Sat, 20 Sep 2025US$2.7tUS$677.7bUS$183.9b12x14.9x4x
Mon, 18 Aug 2025US$2.5tUS$678.3bUS$184.0b11.4x13.7x3.7x
Wed, 16 Jul 2025US$2.6tUS$668.4bUS$177.0b11.9x14.6x3.9x
Fri, 13 Jun 2025US$2.4tUS$668.8bUS$177.1b11.1x13.4x3.6x
Sun, 11 May 2025US$2.3tUS$668.0bUS$176.6b11x12.8x3.4x
Tue, 08 Apr 2025US$1.9tUS$662.3bUS$171.9b10.5x11.2x2.9x
Thu, 06 Mar 2025US$2.3tUS$662.7bUS$171.8b11.4x13.4x3.5x
Sat, 01 Feb 2025US$2.5tUS$662.6bUS$171.6b12.1x14.6x3.8x
Mon, 30 Dec 2024US$2.3tUS$655.1bUS$143.0b12.4x16.3x3.6x
Wed, 27 Nov 2024US$2.5tUS$655.0bUS$143.0b13.3x17.6x3.9x
Fri, 25 Oct 2024US$2.2tUS$651.9bUS$143.3b11.8x15.6x3.4x
Sun, 22 Sep 2024US$2.1tUS$653.8bUS$145.5b11.8x14.7x3.3x
Tue, 20 Aug 2024US$2.1tUS$653.1bUS$145.7b11.3x14.4x3.2x
Thu, 18 Jul 2024US$2.2tUS$661.1bUS$152.9b11.1x14.2x3.3x
Sat, 15 Jun 2024US$1.9tUS$655.5bUS$151.1b9.5x12.8x3x
Mon, 13 May 2024US$2.0tUS$655.2bUS$151.0b9.8x13.3x3.1x
Wed, 10 Apr 2024US$2.0tUS$653.7bUS$166.2b9.4x12x3x
Fri, 08 Mar 2024US$1.9tUS$654.2bUS$166.3b9.6x11.6x2.9x
Sun, 04 Feb 2024US$1.8tUS$662.9bUS$171.6b9.7x10.6x2.7x
Tue, 02 Jan 2024US$1.8tUS$668.2bUS$195.6b9.4x9.4x2.8x
Thu, 30 Nov 2023US$1.6tUS$668.0bUS$195.5b8.5x8.2x2.4x
Sat, 28 Oct 2023US$1.4tUS$665.8bUS$195.2b7.8x7.3x2.1x
Mon, 25 Sep 2023US$1.5tUS$656.8bUS$191.7b7.8x7.9x2.3x
Wed, 23 Aug 2023US$1.5tUS$656.8bUS$191.7b8.1x8.1x2.4x
Fri, 21 Jul 2023US$1.7tUS$653.8bUS$191.4b8.3x8.9x2.6x
Price to Earnings Ratio

8.9x


Total Market Cap: US$1.7tTotal Earnings: US$191.4bTotal Revenue: US$653.8bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Banks Industry Price to Earnings3Y Average 12.9x202420252026
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 12.9x.
  • The 3-year average PS ratio of 3.3x is lower than the industry's current PS ratio of 4.2x.
Past Earnings Growth
  • The earnings for companies in the Banks industry have grown 2.3% per year over the last three years.
  • Revenues for these companies have grown 3.5% 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 Market0.11%
Financials-0.74%
Banks-0.54%
Regional Banks-0.33%
Diversified Banks-0.62%
Industry PE
  • Investors are most optimistic about the Diversified Banks industry which is trading above its 3-year average PE ratio of 12.5x.
    • Analysts are expecting annual earnings growth of 6.4%, which is lower than the prior year's growth of 13.2% per year.
  • Investors are most pessimistic about the Regional Banks industry, which is trading close to its 3-year average of 14.6x.
Forecasted Growth
  • Analysts are most optimistic on the Regional Banks industry, expecting annual earnings growth of 14% over the next 5 years.
  • However this is lower than its past earnings growth rate of 24% per year.
  • In contrast, the Diversified Banks industry is expected to see its earnings grow by 6.4% 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
WFC Wells FargoUS$87.670.3%
+US$673.2m		5.1%PB1.6x
TFC Truist FinancialUS$51.951.0%
+US$660.3m		13.8%PB1.1x
RF Regions FinancialUS$31.071.9%
+US$503.5m		25.8%PB1.5x
MTB M&T BankUS$242.551.1%
+US$385.2m		19.5%PB1.4x
TCBK TriCo BancsharesUS$60.0711.0%
+US$189.5m		39.7%PB1.4x

Latest News

BAC
US$59.50
Bank of America
7D
-0.7%
1Y
26.4%
TCBK
US$60.07
TriCo Bancshares
7D
11.0%
1Y
39.7%
CFG
US$70.36
Citizens Financial Group
7D
-2.4%
1Y
47.0%
C
US$140.71
Citigroup
7D
-2.2%
1Y
60.8%
WFC
US$87.67
Wells Fargo
7D
0.3%
1Y
5.1%
JPM
US$334.53
JPMorgan Chase
7D
-0.9%
1Y
15.9%
FITB
US$57.18
Fifth Third Bancorp
7D
-1.2%
1Y
30.7%
OZK
US$50.58
Bank OZK
7D
1.9%
1Y
-3.7%
NU
US$13.67
Nu Holdings
7D
-2.8%
1Y
4.6%
Narrative Update • Jul 11

NU: Credit Quality And Margin Strains Will Limit Long Term Upside Potential

Analysts have slightly reduced their price target for Nu Holdings to about $11.91 from roughly $12.51, reflecting updated assumptions on the discount rate, revenue growth, profit margin, and future P/E expectations. What’s in the News for Nu Holdings Nu Mexico received authorization from the National Banking and Securities Commission to begin operating as a bank, consolidating Nu Holdings’ fully digital, customer focused model in Mexico under direct supervision of local regulators.
CFR
US$157.90
Cullen/Frost Bankers
7D
1.0%
1Y
14.8%
BAP
US$389.22
Credicorp
7D
-0.8%
1Y
75.8%
Narrative Update • Jul 10

BAP: Future Returns Will Depend On Dividend Payout And Incoming CFO

Analysts have modestly raised their price target for Credicorp to $391.52 from $363.01, citing updated assumptions around discount rates, revenue growth, profit margins, and future P/E expectations. What's in the News for Credicorp Credicorp Ltd.
USB
US$62.34
U.S. Bancorp
7D
-0.8%
1Y
32.5%
RF
US$31.07
Regions Financial
7D
1.9%
1Y
25.8%
Seeking Alpha • Jul 09

Regions Financial: Recent Acquisition Underpins Growth Case For This Sunbelt Regional Bank

Summary Regions Financial Corporation gets a buy rating after outperforming my prior bullish and neutral views over the last 3 years and continuing with a compelling growth case and dividend story. Its recent acquisition of an investment bank in its region further boosts the growth case in the wake of favorable metrics in Q1 results as well. Loan performance has improved in Q1, while investment-grade ratings were maintained by the major agencies. The risk factor of Fed decisions impacting interest rates was also discussed, and this is actually a major factor impacting this sector directly. Read the full article on Seeking Alpha
MTB
US$242.55
M&T Bank
7D
1.1%
1Y
19.5%
Narrative Update • Jul 07

MTB: Higher Price Views And Buybacks Will Shape Future Returns

The updated narrative fair value estimate for M&T Bank moves to $239.19 from $233.33, reflecting analysts' higher Street price targets in the $215 to $260 range and expectations for stable revenue, profit margins, and forward P/E assumptions. Analyst Commentary Recent Street research on M&T Bank clusters around higher price targets and a mixed view on how much upside is left at current levels.
PB
US$72.68
Prosperity Bancshares
7D
2.3%
1Y
-2.5%
TFC
US$51.95
Truist Financial
7D
1.0%
1Y
13.8%
Seeking Alpha • Jun 30

Truist Financial Preferreds Update: Hold Ratings Stay Even With Better Yields

Summary Truist Financial Corporation receives a Sell rating due to underwhelming total return despite offering the highest current yield among peers. All three TFC $25 par preferreds—Series I, O, and R—are non-cumulative, BBB- rated, past call, and offer yields between 6.2% and 6.5%. Preferred dividend coverage is robust at 16.6x net income, and common equity coverage of preferred par is a strong 12x. I kept the preferreds with a Hold rating.  While the yields are attractive and up from last fall, other regional banks still offer higher yields. Current market and rate dynamics favor fixed-rate preferreds with call protection, but TFC's preferreds offer low yields reflecting their safety and call risk. Read the full article on Seeking Alpha