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U.S. Banks Industry Analysis

UpdatedDec 26, 2024
DataAggregated Company Financials
Companies682
  • 7D3.1%
  • 3M11.6%
  • 1Y29.1%
  • YTD28.9%

Over the last 7 days, the Banks industry has risen 3.1%, driven by gains from JPMorgan Chase of 4.0%. Meanwhile, Summit Financial Group actually underperformed within the industry, shrinking 6.4% in the last week. In the last 12 months, the industry was up 29%. As for the next few years, earnings are expected to grow by 11% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 26 Dec 2024US$2.3tUS$655.1bUS$143.0b12.5x16.4x3.6x
Sat, 23 Nov 2024US$2.5tUS$654.9bUS$143.0b13.1x17.2x3.7x
Mon, 21 Oct 2024US$2.2tUS$651.4bUS$143.4b12x15.7x3.5x
Wed, 18 Sep 2024US$2.1tUS$653.7bUS$145.5b11.7x14.4x3.2x
Fri, 16 Aug 2024US$2.0tUS$653.1bUS$145.7b11.1x14.1x3.1x
Sun, 14 Jul 2024US$2.1tUS$661.4bUS$153.5b10.4x13.4x3.1x
Tue, 11 Jun 2024US$2.0tUS$655.5bUS$151.1b9.5x13x3x
Thu, 09 May 2024US$2.0tUS$653.2bUS$159.7b9.7x12.4x3x
Sat, 06 Apr 2024US$2.0tUS$653.7bUS$166.2b9.4x11.8x3x
Mon, 04 Mar 2024US$1.9tUS$654.2bUS$166.3b9.4x11.3x2.9x
Wed, 31 Jan 2024US$1.9tUS$662.9bUS$172.0b10x10.8x2.8x
Fri, 29 Dec 2023US$1.8tUS$668.2bUS$195.6b9.5x9.4x2.8x
Sun, 26 Nov 2023US$1.6tUS$668.0bUS$195.5b8.6x8.3x2.4x
Tue, 24 Oct 2023US$1.4tUS$665.5bUS$195.9b7.7x7.4x2.2x
Thu, 21 Sep 2023US$1.6tUS$656.8bUS$191.7b7.9x8.1x2.4x
Sat, 19 Aug 2023US$1.6tUS$656.8bUS$191.7b8.3x8.3x2.4x
Mon, 17 Jul 2023US$1.6tUS$652.5bUS$189.8b7.9x8.4x2.4x
Wed, 14 Jun 2023US$1.6tUS$642.3bUS$184.2b7.9x8.6x2.5x
Fri, 12 May 2023US$1.4tUS$641.7bUS$184.0b7.4x7.8x2.2x
Sun, 09 Apr 2023US$1.5tUS$624.0bUS$165.4b8.3x9x2.4x
Tue, 07 Mar 2023US$1.8tUS$617.8bUS$163.5b9.6x11.1x2.9x
Thu, 02 Feb 2023US$1.9tUS$616.8bUS$163.3b9.7x11.4x3x
Sat, 31 Dec 2022US$1.7tUS$611.6bUS$164.2b9.8x10.5x2.8x
Mon, 28 Nov 2022US$1.9tUS$611.5bUS$164.1b10.1x11.5x3.1x
Wed, 26 Oct 2022US$1.8tUS$607.5bUS$163.1b9.7x10.7x2.9x
Fri, 23 Sep 2022US$1.7tUS$608.5bUS$167.7b9.8x10x2.8x
Sun, 21 Aug 2022US$1.8tUS$608.5bUS$167.7b10.1x10.9x3x
Tue, 19 Jul 2022US$1.7tUS$607.1bUS$171.7b9.4x9.7x2.8x
Thu, 16 Jun 2022US$1.7tUS$616.0bUS$179.4b9.6x9.3x2.7x
Sat, 14 May 2022US$1.7tUS$615.9bUS$179.4b9.7x9.7x2.8x
Mon, 11 Apr 2022US$1.9tUS$630.7bUS$194.4b10.1x9.9x3.1x
Wed, 09 Mar 2022US$1.9tUS$637.2bUS$196.3b10.4x9.9x3.1x
Fri, 04 Feb 2022US$2.2tUS$636.0bUS$196.0b10.7x11.2x3.5x
Sun, 02 Jan 2022US$2.2tUS$624.5bUS$192.9b10.9x11.2x3.5x
Price to Earnings Ratio

11.2x


Total Market Cap: US$2.2tTotal Earnings: US$192.9bTotal Revenue: US$624.5bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Banks Industry Price to Earnings3Y Average 10.9x20232024
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 16.4x which is higher than its 3-year average PE of 10.9x.
  • The 3-year average PS ratio of 2.9x is lower than the industry's current PS ratio of 3.6x.
Past Earnings Growth
  • The earnings for companies in the Banks industry have declined 9.5% per year over the last three years.
  • Meanwhile revenues have remained mostly flat.
  • This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Trends

Which industries have driven the changes within the U.S. Financials industry?

US Market2.79%
Financials2.86%
Banks3.10%
Diversified Banks3.33%
Regional Banks2.49%
Industry PE
  • Investors are most optimistic about the Regional Banks industry which is trading above its 3-year average PE ratio of 12.7x.
    • Analysts are expecting annual earnings growth of 22.0%, which is higher than its past year's earnings decline of 11.7% per year.
  • Investors are most pessimistic about the Diversified Banks industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 10.4x.
Forecasted Growth
  • Analysts are most optimistic on the Regional Banks industry, expecting annual earnings growth of 22% over the next 5 years.
  • This is better than its past earnings decline of 12% 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
JPM JPMorgan ChaseUS$242.314.0%
+US$26.3b
42.3%PB2.1x
WFC Wells FargoUS$71.594.0%
+US$9.1b
44.7%PB1.4x
BAC Bank of AmericaUS$44.382.3%
+US$7.7b
31.0%PB1.3x
C CitigroupUS$71.003.8%
+US$4.9b
37.8%PB0.7x
USB U.S. BancorpUS$48.833.0%
+US$2.2b
11.9%PB1.5x
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TFC

US$43.99

Truist Financial

7D

3.4%

1Y

18.0%

FSFG

US$25.39

First Savings Financial Group

7D

-6.3%

1Y

51.1%

HNVR

US$22.32

Hanover Bancorp

7D

-12.4%

1Y

26.7%

BAC

US$44.38

Bank of America

7D

2.3%

1Y

31.0%

USB

US$48.83

U.S. Bancorp

7D

3.0%

1Y

11.9%

HWBK

US$28.50

Hawthorn Bancshares

7D

-5.2%

1Y

12.0%

FCNC.A

US$2,152.98

First Citizens BancShares

7D

4.0%

1Y

49.8%

SMMF

US$25.70

Summit Financial Group

7D

-6.4%

1Y

41.2%