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U.S. Banks Industry Analysis

UpdatedJun 14, 2026
DataAggregated Company Financials
Companies623
  • 7D3.7%
  • 3M15.0%
  • 1Y28.5%
  • YTD3.1%

Over the last 7 days, the Banks industry has risen 3.7%, driven by gains from JPMorgan Chase of 2.7%. During this same period, the Patriot National Bancorp underperformed, falling 7.6%. This takes the industry's 12 month performance to a gain of 29%. Earnings are forecast to grow by 8.3% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 14 Jun 2026US$2.9tUS$729.0bUS$205.1b11.9x14.2x4x
Tue, 12 May 2026US$2.7tUS$727.9bUS$204.6b11.3x13.3x3.7x
Thu, 09 Apr 2026US$2.7tUS$707.1bUS$195.8b11.8x13.6x3.8x
Sat, 07 Mar 2026US$2.7tUS$707.1bUS$195.5b11.3x13.6x3.8x
Mon, 02 Feb 2026US$2.8tUS$715.6bUS$198.5b11.7x14.2x3.9x
Wed, 31 Dec 2025US$2.9tUS$696.2bUS$192.4b11.8x14.8x4.1x
Fri, 28 Nov 2025US$2.7tUS$695.9bUS$192.4b11.4x13.9x3.8x
Sun, 26 Oct 2025US$2.6tUS$694.0bUS$191.8b11.2x13.7x3.8x
Tue, 23 Sep 2025US$2.7tUS$677.7bUS$183.9b11.9x14.9x4x
Thu, 21 Aug 2025US$2.6tUS$678.7bUS$184.0b11.5x14x3.8x
Sat, 19 Jul 2025US$2.6tUS$667.8bUS$176.6b12x14.5x3.8x
Mon, 16 Jun 2025US$2.3tUS$668.8bUS$177.1b11.1x13.1x3.5x
Wed, 14 May 2025US$2.3tUS$668.1bUS$176.7b11.3x13.3x3.5x
Fri, 11 Apr 2025US$2.1tUS$662.3bUS$171.9b10.4x12.2x3.2x
Sun, 09 Mar 2025US$2.3tUS$662.7bUS$171.9b11.3x13.1x3.4x
Tue, 04 Feb 2025US$2.5tUS$661.9bUS$171.4b11.9x14.6x3.8x
Thu, 02 Jan 2025US$2.3tUS$655.0bUS$143.0b12.4x16.2x3.5x
Sat, 30 Nov 2024US$2.5tUS$655.0bUS$143.0b13.3x17.5x3.8x
Mon, 28 Oct 2024US$2.2tUS$651.4bUS$142.7b11.7x15.5x3.4x
Wed, 25 Sep 2024US$2.1tUS$653.7bUS$145.5b11.6x14.7x3.3x
Fri, 23 Aug 2024US$2.1tUS$653.0bUS$145.7b11.2x14.4x3.2x
Sun, 21 Jul 2024US$2.1tUS$660.2bUS$152.3b11.1x14.1x3.2x
Tue, 18 Jun 2024US$1.9tUS$655.4bUS$151.1b9.5x12.7x2.9x
Thu, 16 May 2024US$1.8tUS$655.2bUS$151.0b9.8x11.8x2.7x
Sat, 13 Apr 2024US$1.9tUS$658.2bUS$166.6b9.2x11.6x2.9x
Mon, 11 Mar 2024US$1.9tUS$654.2bUS$166.3b9.5x11.6x2.9x
Wed, 07 Feb 2024US$1.8tUS$652.7bUS$168.4b9.4x10.6x2.7x
Fri, 05 Jan 2024US$1.8tUS$668.2bUS$195.6b9.2x9.4x2.7x
Sun, 03 Dec 2023US$1.7tUS$668.8bUS$194.1b8.7x8.7x2.5x
Tue, 31 Oct 2023US$1.4tUS$665.9bUS$195.2b7.9x7.4x2.2x
Thu, 28 Sep 2023US$1.5tUS$656.7bUS$191.6b7.8x7.9x2.3x
Sat, 26 Aug 2023US$1.6tUS$656.9bUS$191.7b8.1x8.1x2.4x
Mon, 24 Jul 2023US$1.7tUS$654.4bUS$191.5b8.3x8.8x2.6x
Wed, 21 Jun 2023US$1.6tUS$642.3bUS$184.2b7.9x8.5x2.4x
Price to Earnings Ratio

8.5x


Total Market Cap: US$1.6tTotal Earnings: US$184.2bTotal Revenue: US$642.3bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Banks Industry Price to Earnings3Y Average 12.7x202420252026
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 12.7x.
  • The 3-year average PS ratio of 3.3x is lower than the industry's current PS ratio of 3.9x.
Past Earnings Growth
  • The earnings for companies in the Banks industry have grown 3.7% 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 Market0.87%
Financials2.30%
Banks3.72%
Regional Banks4.12%
Diversified Banks3.57%
Industry PE
  • Investors are most optimistic about the Diversified Banks industry which is trading above its 3-year average PE ratio of 12.3x.
    • 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 14.4x.
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
JPM JPMorgan ChaseUS$320.722.7%
+US$22.4b		21.0%PB2.5x
BAC Bank of AmericaUS$56.024.1%
+US$15.5b		27.1%PB1.4x
C CitigroupUS$139.835.6%
+US$12.6b		83.1%PB1.2x
WFC Wells FargoUS$83.732.2%
+US$5.5b		15.7%PB1.6x
USB U.S. BancorpUS$58.945.8%
+US$5.1b		37.1%PB1.6x

Latest News

C
US$139.83
Citigroup
7D
5.6%
1Y
83.1%
Seeking Alpha • 13h

Citigroup: 6.3% Yielding Preferred Shares Are Interesting

Summary Citigroup is aggressively buying back shares, reducing net share count by nearly 9% year-over-year. The new Series R preferred shares offer a 6.3% yield and call protection until February 2031, making them attractive in the current rate environment. Q1 results showed robust net income of $5.79B, with preferred dividends well covered at less than 5.3% of attributable net income. Series R preferreds present a compelling risk-reward, especially if rates decline by 2031, and common shares may also be appealing at lower entry points. Read the full article on Seeking Alpha
TFC
US$51.66
Truist Financial
7D
5.0%
1Y
32.6%
USB
US$58.94
U.S. Bancorp
7D
5.8%
1Y
37.1%
Seeking Alpha • Jun 13

U.S. Bancorp: Positive Operating Leverage And Growing Buybacks Can Push Shares Higher

Summary U.S. Bancorp has now reached the low end of management’s medium-term profitability target, and that's helped drive a circa 40% return since my opening piece last year. USB’s revenue growth remains GDP-like, but disciplined cost control is leveraging that into much healthier growth in pre-provision income, while credit quality also remains stable. An improved capital ratio has supported a step up in buyback spending, which should provide a bit more juice to share-level earnings growth. USB offers a reasonable margin of safety at 12.3x trailing EPS, justifying a continued 'Buy' rating. Read the full article on Seeking Alpha
PNC
US$237.66
PNC Financial Services Group
7D
4.1%
1Y
37.1%
JPM
US$320.72
JPMorgan Chase
7D
2.7%
1Y
21.0%
TCBI
US$101.51
Texas Capital Bancshares
7D
-0.2%
1Y
34.7%
AUBN
US$24.80
Auburn National Bancorporation
7D
-1.2%
1Y
17.1%
BAP
US$369.55
Credicorp
7D
14.6%
1Y
70.1%
BAC
US$56.02
Bank of America
7D
4.1%
1Y
27.1%
WFC
US$83.73
Wells Fargo
7D
2.2%
1Y
15.7%
BVFL
US$20.00
BV Financial
7D
-0.9%
1Y
39.7%
FCAP
US$64.19
First Capital
7D
-2.9%
1Y
40.7%
UBCP
US$15.63
United Bancorp
7D
-1.7%
1Y
16.8%
PNBK
US$0.97
Patriot National Bancorp
7D
-7.6%
1Y
-4.0%
BRBS
US$3.30
Blue Ridge Bankshares
7D
-0.6%
1Y
-0.9%
BAFN
US$5.07
BayFirst Financial
7D
-6.1%
1Y
-66.3%