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U.S. Banks Industry Analysis

UpdatedSep 13, 2026
DataAggregated Company Financials
Companies614
  • 7D-0.7%
  • 3M7.7%
  • 1Y18.0%
  • YTD9.5%

Over the last 7 days, the Banks industry has remained flat. The past year has been better, since the industry has gained 18% in that time. Looking forward, earnings are forecast to grow by 7.1% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 14 Sep 2026US$3.1tUS$759.3bUS$219.6b11.9x13.9x4x
Wed, 12 Aug 2026US$3.1tUS$760.8bUS$219.9b12x14x4.1x
Fri, 10 Jul 2026US$3.0tUS$728.4bUS$205.0b12.1x14.5x4.1x
Sun, 07 Jun 2026US$2.8tUS$728.5bUS$205.0b11.6x13.7x3.8x
Tue, 05 May 2026US$2.8tUS$727.6bUS$204.5b11.3x13.6x3.8x
Thu, 02 Apr 2026US$2.6tUS$707.0bUS$195.7b11.4x13.4x3.7x
Sat, 28 Feb 2026US$2.8tUS$707.7bUS$195.7b11.4x14.3x3.9x
Mon, 26 Jan 2026US$2.7tUS$707.9bUS$195.0b11.8x14x3.9x
Wed, 24 Dec 2025US$2.9tUS$696.2bUS$192.4b11.9x14.9x4.1x
Fri, 21 Nov 2025US$2.6tUS$695.9bUS$192.4b11x13.5x3.7x
Sun, 19 Oct 2025US$2.6tUS$691.8bUS$190.4b11.2x13.4x3.7x
Tue, 16 Sep 2025US$2.7tUS$677.7bUS$183.9b11.8x14.6x4x
Thu, 14 Aug 2025US$2.5tUS$677.8bUS$183.7b11.6x13.9x3.8x
Sat, 12 Jul 2025US$2.6tUS$668.4bUS$177.0b12x14.4x3.8x
Mon, 09 Jun 2025US$2.4tUS$668.6bUS$177.0b11.2x13.4x3.6x
Wed, 07 May 2025US$2.3tUS$667.9bUS$176.6b11x12.8x3.4x
Fri, 04 Apr 2025US$2.3tUS$662.4bUS$171.9b10.7x13.1x3.4x
Sun, 02 Mar 2025US$2.4tUS$662.8bUS$171.9b11.8x14.2x3.7x
Tue, 28 Jan 2025US$2.5tUS$661.6bUS$168.8b12.3x14.7x3.8x
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
Price to Earnings Ratio

8.1x


Total Market Cap: US$1.6tTotal Earnings: US$191.7bTotal Revenue: US$656.8bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Banks Industry Price to Earnings3Y Average 13.2x202420252026
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 13.2x.
  • The 3-year average PS ratio of 3.4x 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 4.6% per year over the last three years.
  • Revenues for these companies have grown 5.0% 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-0.94%
Financials-1.77%
Banks-0.69%
Diversified Banks-0.43%
Regional Banks-1.47%
Industry PE
  • Investors are most optimistic about the Diversified Banks industry which is trading above its 3-year average PE ratio of 12.8x.
    • Analysts are expecting annual earnings growth of 5.1%, which is lower than the prior year's growth of 17.9% per year.
  • Investors are most pessimistic about the Regional Banks industry, which is trading below its 3-year average of 14.9x.
Forecasted Growth
  • Analysts are most optimistic on the Regional Banks industry, expecting annual earnings growth of 13% 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 5.1% 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
C CitigroupUS$138.820.8%
+US$1.8b		39.6%PB1.2x
WFC Wells FargoUS$90.290.4%
+US$967.7m		10.8%PB1.7x
BAC Bank of AmericaUS$62.690.02%
+US$69.9m		23.9%PB1.6x
BAFN BayFirst FinancialUS$8.7528.7%
+US$52.6m		3.6%PB9.2x
INTR Inter & CoUS$5.710.9%
+US$22.1m		-35.9%PB1.2x

Latest News

USB
US$62.84
U.S. Bancorp
7D
-0.8%
1Y
27.9%
TBBK
US$50.63
Bancorp
7D
-24.3%
1Y
-33.3%
TFC
US$50.40
Truist Financial
7D
-2.4%
1Y
11.5%
JPM
US$356.23
JPMorgan Chase
7D
-0.7%
1Y
16.1%
TRMK
US$46.98
Trustmark
7D
0.8%
1Y
16.9%
Narrative Update • Sep 10

TRMK: Share Repurchases And Credit Costs Will Shape Fairly Valued Outlook

Analysts have raised their price target for Trustmark from $47.45 to $49.25, citing updated assumptions regarding the discount rate, revenue growth, profit margins, and a slightly higher future P/E multiple. What’s in the News for Trustmark From April 1, 2026 to June 30, 2026, Trustmark repurchased 475,000 shares, representing 0.81%, for US$21.1 million under its existing buyback program.
NU
US$14.62
Nu Holdings
7D
-4.9%
1Y
-6.8%
Seeking Alpha • Sep 10

Nu Holdings Is Undervalued With An Attractive Upside

Summary Nu Holdings delivers 40%+ revenue growth, 30%+ ROE, and a 17.6% efficiency ratio, outpacing both traditional banks and tech peers. NU’s digital-only, AI-driven model enables a 20:1 revenue-to-cost ratio, fueling exceptional operating leverage and profitability. With 135M customers, NU’s growth is driven by product penetration, cohort maturation, and expansion in Mexico and Colombia. At a 13.6x forward P/E and a $15 share price, NU offers a compelling margin of safety versus intrinsic value estimates near $27. Read the full article on Seeking Alpha
C
US$138.82
Citigroup
7D
0.8%
1Y
39.6%
FCNC.A
US$2,173.00
First Citizens BancShares
7D
-1.6%
1Y
10.0%
WFC
US$90.29
Wells Fargo
7D
0.4%
1Y
10.8%
Narrative Update • Sep 08

WFC: Future Returns Will Reflect Efficiency Gains And Wealth Management Expansion

Wells Fargo's analyst price target is updated modestly higher to $100.63. This reflects analysts' refreshed models after Q2 results, with mixed but generally constructive revisions in targets and views on growth, efficiency and valuation across the Street.
BAC
US$62.69
Bank of America
7D
0.02%
1Y
23.9%
INTR
US$5.71
Inter & Co
7D
0.9%
1Y
-35.9%
Narrative Update • Sep 03

INTR: U.S. Branch And Wearables Will Support Future Earnings Repricing

Analysts have trimmed their price target for Inter & Co from $11.00 to $10.40, citing updated assumptions for revenue growth, profit margins and future P/E levels while maintaining a similar discount rate in their valuation work. What’s in the News for Inter & Co Inter Pag, the merchant acquiring arm of Inter & Co in Brazil, selected ACI Worldwide’s ACI Acquiring Platform to modernize its payment processing, fraud prevention, analytics and ecommerce tools, supporting broader payment orchestration across channels.
BPOP
US$163.71
Popular
7D
-4.4%
1Y
32.6%
PNC
US$244.24
PNC Financial Services Group
7D
-0.6%
1Y
20.9%
TCBI
US$99.09
Texas Capital Bancshares
7D
0.5%
1Y
13.9%
BAFN
US$8.75
BayFirst Financial
7D
28.7%
1Y
3.6%
HTB
US$48.54
HomeTrust Bancshares
7D
2.7%
1Y
19.1%