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U.S. Banks Industry Analysis

UpdatedJun 16, 2026
DataAggregated Company Financials
Companies622
  • 7D3.1%
  • 3M13.5%
  • 1Y25.8%
  • YTD2.2%

Over the last 7 days, the Banks industry has risen 3.9%, driven by gains from JPMorgan Chase of 2.7%. This takes the industry's 12 month performance to a gain of 27%. 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, 16 Jun 2026US$2.9tUS$729.0bUS$205.1b11.7x14.2x4x
Thu, 14 May 2026US$2.7tUS$727.8bUS$204.6b11.2x13.2x3.7x
Sat, 11 Apr 2026US$2.8tUS$707.1bUS$195.8b11.9x14.3x4x
Mon, 09 Mar 2026US$2.6tUS$707.1bUS$195.5b11.3x13.3x3.7x
Wed, 04 Feb 2026US$2.8tUS$706.0bUS$195.4b11.9x14.4x4x
Fri, 02 Jan 2026US$2.8tUS$696.1bUS$192.4b11.8x14.7x4.1x
Sun, 30 Nov 2025US$2.7tUS$695.9bUS$192.4b11.4x14x3.9x
Tue, 28 Oct 2025US$2.6tUS$694.1bUS$191.8b11.2x13.7x3.8x
Thu, 25 Sep 2025US$2.7tUS$677.7bUS$183.9b11.9x14.8x4x
Sat, 23 Aug 2025US$2.6tUS$678.7bUS$184.0b11.8x14x3.8x
Mon, 21 Jul 2025US$2.6tUS$674.8bUS$181.9b11.9x14.1x3.8x
Wed, 18 Jun 2025US$2.4tUS$668.8bUS$177.1b11x13.3x3.5x
Fri, 16 May 2025US$2.4tUS$668.1bUS$176.9b11.4x13.5x3.6x
Sun, 13 Apr 2025US$2.0tUS$663.5bUS$172.2b10.4x11.8x3.1x
Tue, 11 Mar 2025US$2.3tUS$662.7bUS$171.8b11x13.1x3.4x
Thu, 06 Feb 2025US$2.5tUS$661.8bUS$171.4b12.2x14.6x3.8x
Sat, 04 Jan 2025US$2.3tUS$654.5bUS$143.4b12.3x16.1x3.5x
Mon, 02 Dec 2024US$2.5tUS$655.0bUS$143.0b13.3x17.5x3.8x
Wed, 30 Oct 2024US$2.3tUS$651.2bUS$142.6b11.8x15.8x3.5x
Fri, 27 Sep 2024US$2.1tUS$653.8bUS$145.5b11.5x14.4x3.2x
Sun, 25 Aug 2024US$2.2tUS$653.0bUS$145.7b11.7x14.8x3.3x
Tue, 23 Jul 2024US$2.1tUS$660.1bUS$152.1b11.2x14.1x3.2x
Thu, 20 Jun 2024US$2.0tUS$655.3bUS$151.1b9.6x13x3x
Sat, 18 May 2024US$2.0tUS$655.5bUS$151.2b9.9x13.5x3.1x
Mon, 15 Apr 2024US$1.9tUS$657.1bUS$165.3b9.1x11.4x2.9x
Wed, 13 Mar 2024US$1.9tUS$654.2bUS$166.3b9.5x11.6x2.9x
Fri, 09 Feb 2024US$1.8tUS$652.7bUS$168.4b9.4x10.6x2.7x
Sun, 07 Jan 2024US$1.9tUS$668.2bUS$195.6b9.2x9.5x2.8x
Tue, 05 Dec 2023US$1.7tUS$667.6bUS$195.4b8.8x8.6x2.5x
Thu, 02 Nov 2023US$1.5tUS$665.8bUS$195.1b8.1x7.5x2.2x
Sat, 30 Sep 2023US$1.5tUS$656.8bUS$191.6b7.8x7.9x2.3x
Mon, 28 Aug 2023US$1.6tUS$656.9bUS$191.7b8.1x8.1x2.4x
Wed, 26 Jul 2023US$1.7tUS$654.5bUS$191.5b8.3x8.8x2.6x
Fri, 23 Jun 2023US$1.6tUS$642.3bUS$184.2b7.7x8.4x2.4x
Price to Earnings Ratio

8.4x


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 optimistic on the American Banks industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 14.2x which is higher than its 3-year average PE of 12.7x.
  • The 3-year average PS ratio of 3.3x is lower than the industry's current PS ratio of 4.0x.
Past Earnings Growth
  • The earnings for companies in the Banks industry have grown 3.6% 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 Market2.20%
Financials3.23%
Banks3.10%
Diversified Banks3.54%
Regional Banks1.93%
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$319.402.7%
+US$22.2b		18.1%PB2.5x
BAC Bank of AmericaUS$55.874.2%
+US$15.9b		25.8%PB1.4x
C CitigroupUS$141.215.9%
+US$13.5b		80.9%PB1.3x
WFC Wells FargoUS$83.142.7%
+US$6.7b		13.7%PB1.6x
NU Nu HoldingsUS$12.437.2%
+US$4.0b		0.3%PB4.8x

Latest News

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C
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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
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USB
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U.S. Bancorp
7D
4.4%
1Y
33.9%
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
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Pinnacle Financial Partners
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1Y
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CLBK
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Columbia Financial
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JPM
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JPMorgan Chase
7D
2.7%
1Y
18.1%
FCNC.A
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First Citizens BancShares
7D
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1Y
13.9%
BAC
US$55.87
Bank of America
7D
4.2%
1Y
25.8%
WFC
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Wells Fargo
7D
2.7%
1Y
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EBC
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Eastern Bankshares
7D
-0.2%
1Y
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Narrative Update • Jun 07

EBC: Deposit Franchise And Buybacks Will Highlight Underlying Earnings Power

The analyst price target for Eastern Bankshares has shifted slightly higher to align with a fair value of about $23.31, as analysts point to the company’s core deposit franchise, wealth management platform, technology focus, and plans to simplify reporting and pause whole bank M&A while continuing share repurchases as key supports for the updated view. Analyst Commentary Bullish Takeaways Bullish analysts highlight the company’s core deposit franchise as a key asset, viewing its funding base as a support for earnings quality and a factor behind current price targets around the low to mid US$20s.
SFST
US$58.78
Southern First Bancshares
7D
-1.6%
1Y
64.5%
FCBC
US$42.67
First Community Bankshares
7D
-1.5%
1Y
14.7%
CBC
US$28.05
Central Bancompany
7D
-0.6%
1Y
43.1%