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U.S. Banks Industry Analysis

UpdatedFeb 04, 2026
DataAggregated Company Financials
Companies638
  • 7D4.1%
  • 3M9.5%
  • 1Y18.7%
  • YTD1.5%

In the last week, the Banks industry is up 4.1%, with JPMorgan Chase up 4.8%. In the last 12 months, the industry was up 19%. Earnings are forecast to grow by 8.8% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 05 Feb 2026US$2.9tUS$706.0bUS$195.4b12x14.6x4x
Sat, 03 Jan 2026US$2.8tUS$696.0bUS$192.4b11.8x14.7x4.1x
Mon, 01 Dec 2025US$2.7tUS$695.9bUS$192.4b11.4x14x3.9x
Wed, 29 Oct 2025US$2.6tUS$694.3bUS$191.8b11.2x13.8x3.8x
Fri, 26 Sep 2025US$2.7tUS$677.7bUS$183.9b11.8x14.8x4x
Sun, 24 Aug 2025US$2.6tUS$678.7bUS$184.0b11.8x14.2x3.9x
Tue, 22 Jul 2025US$2.6tUS$674.8bUS$181.9b11.9x14.1x3.8x
Thu, 19 Jun 2025US$2.3tUS$668.8bUS$177.1b11x13.2x3.5x
Sat, 17 May 2025US$2.4tUS$668.5bUS$177.0b11.3x13.5x3.6x
Mon, 14 Apr 2025US$2.0tUS$663.5bUS$173.6b10.4x11.7x3.1x
Wed, 12 Mar 2025US$2.2tUS$662.7bUS$171.8b11.1x12.6x3.3x
Fri, 07 Feb 2025US$2.5tUS$661.9bUS$171.4b12.2x14.7x3.8x
Sun, 05 Jan 2025US$2.3tUS$654.5bUS$143.4b12.3x16.3x3.6x
Tue, 03 Dec 2024US$2.5tUS$655.0bUS$143.0b13.3x17.5x3.8x
Thu, 31 Oct 2024US$2.2tUS$651.4bUS$142.6b11.9x15.7x3.4x
Sat, 28 Sep 2024US$2.1tUS$653.8bUS$145.5b11.5x14.5x3.2x
Mon, 26 Aug 2024US$2.2tUS$653.0bUS$145.7b11.7x14.8x3.3x
Wed, 24 Jul 2024US$2.1tUS$653.5bUS$147.1b11.4x14.6x3.3x
Fri, 21 Jun 2024US$2.0tUS$655.4bUS$151.1b9.6x13x3x
Sun, 19 May 2024US$2.0tUS$655.4bUS$151.2b9.9x13.5x3.1x
Tue, 16 Apr 2024US$1.9tUS$656.9bUS$165.1b9.1x11.4x2.9x
Thu, 14 Mar 2024US$1.9tUS$654.3bUS$166.3b9.5x11.6x2.9x
Sat, 10 Feb 2024US$1.8tUS$652.9bUS$168.4b9.5x10.7x2.8x
Mon, 08 Jan 2024US$1.9tUS$668.2bUS$195.6b9.2x9.5x2.8x
Wed, 06 Dec 2023US$1.7tUS$667.6bUS$195.4b8.8x8.7x2.5x
Fri, 03 Nov 2023US$1.5tUS$666.2bUS$195.2b8.2x7.5x2.2x
Sun, 01 Oct 2023US$1.5tUS$656.7bUS$191.6b7.8x7.9x2.3x
Tue, 29 Aug 2023US$1.6tUS$656.9bUS$191.7b8.1x8.1x2.4x
Thu, 27 Jul 2023US$1.7tUS$654.1bUS$191.0b8.6x9x2.6x
Sat, 24 Jun 2023US$1.5tUS$642.3bUS$184.2b7.7x8.2x2.3x
Mon, 22 May 2023US$1.5tUS$642.4bUS$184.2b7.6x8.1x2.3x
Wed, 19 Apr 2023US$1.6tUS$636.2bUS$173.0b8.3x9.1x2.5x
Fri, 17 Mar 2023US$1.5tUS$617.8bUS$163.5b8.6x9.4x2.5x
Sun, 12 Feb 2023US$1.9tUS$616.7bUS$163.3b9.7x11.3x3x
Price to Earnings Ratio

11.3x


Total Market Cap: US$1.9tTotal Earnings: US$163.3bTotal Revenue: US$616.7bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Banks Industry Price to Earnings3Y Average 12.2x202420252026
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 14.4x which is higher than its 3-year average PE of 12.2x.
  • The 3-year average PS ratio of 3.1x 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 6.1% per year over the last three years.
  • Revenues for these companies have grown 4.6% 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-1.35%
Financials0.057%
Banks4.11%
Regional Banks4.49%
Diversified Banks3.97%
Industry PE
  • Investors are most optimistic about the Diversified Banks industry which is trading above its 3-year average PE ratio of 11.9x.
    • Analysts are expecting annual earnings growth of 6.9%, which is lower than the prior year's growth of 13.6% per year.
  • Investors are most pessimistic about the Regional Banks industry, which is trading close to its 3-year average of 13.9x.
Forecasted Growth
  • Analysts are most optimistic on the Regional Banks industry, expecting annual earnings growth of 15% over the next 5 years.
  • However this is lower than its past earnings growth rate of 20% per year.
  • In contrast, the Diversified Banks industry is expected to see its earnings grow by 6.9% 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$317.275.5%
+US$44.5b		17.3%PB2.5x
BAC Bank of AmericaUS$55.386.9%
+US$25.7b		17.6%PB1.4x
WFC Wells FargoUS$93.145.8%
+US$15.8b		16.4%PB1.8x
PNC PNC Financial Services GroupUS$237.257.2%
+US$6.2b		19.3%PB1.5x
TFC Truist FinancialUS$55.119.5%
+US$6.1b		15.6%PB1.2x

Latest News

TFC
US$55.11
Truist Financial
7D
9.5%
1Y
15.6%
USB
US$59.42
U.S. Bancorp
7D
6.6%
1Y
25.4%
C
US$117.43
Citigroup
7D
2.8%
1Y
47.8%
TBBK
US$60.24
Bancorp
7D
-10.3%
1Y
-4.0%

Newsflash: The Bancorp, Inc. (NASDAQ:TBBK) Analysts Have Been Trimming Their Revenue Forecasts

Feb 04
Newsflash: The Bancorp, Inc. (NASDAQ:TBBK) Analysts Have Been Trimming Their Revenue Forecasts
BAC
US$55.38
Bank of America
7D
6.9%
1Y
17.6%
PBHC
US$13.10
Pathfinder Bancorp
7D
-8.1%
1Y
-24.1%
FHB
US$27.12
First Hawaiian
7D
0.4%
1Y
-3.3%
CCB
US$88.80
Coastal Financial
7D
-12.0%
1Y
-0.1%
HBAN
US$19.02
Huntington Bancshares
7D
11.5%
1Y
12.4%
GBFH
US$32.94
GBank Financial Holdings
7D
-1.8%
1Y
-19.8%
WFC
US$93.14
Wells Fargo
7D
5.8%
1Y
16.4%
NU
US$17.02
Nu Holdings
7D
-9.3%
1Y
25.5%
JPM
US$317.27
JPMorgan Chase
7D
5.5%
1Y
17.3%
FRAF
US$48.27
Franklin Financial Services
7D
-2.2%
1Y
33.1%
INTR
US$9.23
Inter & Co
7D
-9.6%
1Y
74.8%
PNC
US$237.25
PNC Financial Services Group
7D
7.2%
1Y
19.3%

PNC: Higher Earnings Power And FirstBank Deal May Support Rerating

Analysts lifted their fair value estimate for PNC Financial Services Group by about $9.81 to $245.93, citing updated assumptions for modestly higher revenue growth and profit margins, along with a slightly lower discount rate and a recalibrated future P/E multiple in line with recent Street price target increases from firms including TD Cowen, HSBC and Evercore ISI. Analyst Commentary Recent Street research on PNC Financial Services Group centers on a series of higher price targets, updated earnings assumptions, and differing views on how quickly regional banks might regain favor with investors.