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U.S. Banks Industry Analysis

UpdatedMay 22, 2026
DataAggregated Company Financials
Companies623
  • 7D1.9%
  • 3M-3.9%
  • 1Y21.3%
  • YTD-3.6%

Over the last 7 days, the Banks industry has risen 1.9%, driven by gains from Bank of America of 3.3%. This means that the industry has gained 21% over the past year. 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
Fri, 22 May 2026US$2.7tUS$728.8bUS$205.0b11.5x13.2x3.7x
Sun, 19 Apr 2026US$2.8tUS$721.7bUS$201.9b11.9x13.9x3.9x
Tue, 17 Mar 2026US$2.5tUS$707.1bUS$195.5b11.2x12.9x3.6x
Thu, 12 Feb 2026US$2.9tUS$706.1bUS$195.4b11.8x14.9x4.1x
Sat, 10 Jan 2026US$2.9tUS$693.7bUS$191.7b11.9x15.2x4.2x
Mon, 08 Dec 2025US$2.8tUS$695.9bUS$192.3b11.6x14.3x4x
Wed, 05 Nov 2025US$2.6tUS$695.2bUS$192.0b11x13.8x3.8x
Fri, 03 Oct 2025US$2.7tUS$678.0bUS$184.0b11.7x14.5x3.9x
Sun, 31 Aug 2025US$2.7tUS$678.7bUS$184.0b11.8x14.5x3.9x
Tue, 29 Jul 2025US$2.6tUS$677.3bUS$183.3b11.4x14.2x3.8x
Thu, 26 Jun 2025US$2.5tUS$668.9bUS$177.1b11.3x13.9x3.7x
Sat, 24 May 2025US$2.3tUS$668.5bUS$177.0b11.2x13.1x3.5x
Mon, 21 Apr 2025US$2.1tUS$666.6bUS$176.3b10.7x11.7x3.1x
Wed, 19 Mar 2025US$2.2tUS$663.0bUS$171.9b11.2x12.9x3.3x
Fri, 14 Feb 2025US$2.5tUS$662.3bUS$171.5b12.1x14.7x3.8x
Sun, 12 Jan 2025US$2.3tUS$654.3bUS$143.4b11.9x16x3.5x
Tue, 10 Dec 2024US$2.5tUS$655.1bUS$143.0b13.1x17.2x3.8x
Thu, 07 Nov 2024US$2.2tUS$654.1bUS$142.6b13x15.6x3.4x
Sat, 05 Oct 2024US$2.1tUS$654.4bUS$145.7b11.5x14.2x3.2x
Mon, 02 Sep 2024US$2.2tUS$653.0bUS$145.7b11.8x15.1x3.4x
Wed, 31 Jul 2024US$2.2tUS$652.5bUS$145.5b11.7x14.8x3.3x
Fri, 28 Jun 2024US$2.0tUS$655.4bUS$151.1b9.8x13x3x
Sun, 26 May 2024US$2.0tUS$655.5bUS$151.2b9.8x13.3x3.1x
Tue, 23 Apr 2024US$1.9tUS$654.1bUS$161.6b9.4x11.8x2.9x
Thu, 21 Mar 2024US$1.9tUS$654.3bUS$166.3b9.5x11.6x2.9x
Sat, 17 Feb 2024US$1.9tUS$652.8bUS$168.4b9.6x11x2.8x
Mon, 15 Jan 2024US$1.8tUS$667.1bUS$193.3b9.1x9.3x2.7x
Wed, 13 Dec 2023US$1.7tUS$667.9bUS$195.5b8.9x8.8x2.6x
Fri, 10 Nov 2023US$1.5tUS$666.8bUS$195.2b8.2x7.8x2.3x
Sun, 08 Oct 2023US$1.5tUS$656.7bUS$191.6b7.8x7.8x2.3x
Tue, 05 Sep 2023US$1.6tUS$656.8bUS$191.7b8.3x8.3x2.4x
Thu, 03 Aug 2023US$1.6tUS$655.0bUS$189.1b8.6x8.5x2.5x
Sat, 01 Jul 2023US$1.6tUS$642.2bUS$184.2b7.8x8.4x2.4x
Mon, 29 May 2023US$1.5tUS$642.2bUS$184.2b7.6x8.1x2.3x
Price to Earnings Ratio

8.1x


Total Market Cap: US$1.5tTotal Earnings: US$184.2bTotal Revenue: US$642.2bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Banks Industry Price to Earnings3Y Average 12.6x202420252026
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 12.6x.
  • The 3-year average PS ratio of 3.3x is lower than the industry's current PS ratio of 3.7x.
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 Market-0.82%
Financials0.60%
Banks1.91%
Regional Banks2.10%
Diversified Banks1.84%
Industry PE
  • Investors are most optimistic about the Diversified Banks industry, which is trading close to its 3-year average PE ratio of 12.2x.
    • Analysts are expecting annual earnings growth of 6.3%, which is lower than the prior year's growth of 13.4% per year.
  • Investors are most pessimistic about the Regional Banks industry, which is trading close to its 3-year average of 14.3x.
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 6.3% 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
BAC Bank of AmericaUS$51.493.3%
+US$11.6b		18.9%PB1.3x
JPM JPMorgan ChaseUS$303.001.0%
+US$8.3b		16.2%PB2.4x
WFC Wells FargoUS$75.922.9%
+US$6.5b		3.4%PB1.4x
PNC PNC Financial Services GroupUS$218.372.3%
+US$2.0b		26.2%PB1.5x
USB U.S. BancorpUS$54.562.1%
+US$1.8b		26.5%PB1.4x

Latest News

CFFI
US$73.25
C&F Financial
7D
-3.0%
1Y
10.6%
AMTB
US$22.40
Amerant Bancorp
7D
-1.1%
1Y
30.2%
JPM
US$303.00
JPMorgan Chase
7D
1.0%
1Y
16.2%
FCAP
US$53.80
First Capital
7D
-4.5%
1Y
8.8%
NU
US$13.16
Nu Holdings
7D
1.8%
1Y
7.4%
Seeking Alpha • 23h

Nu Holdings: The Market Is Wrong (Again) About Nu

Summary Nu Holdings demonstrates robust growth and profitability, with a 29% ROE and an expanding loan portfolio despite recent earnings volatility. Q1 saw strong revenue growth and customer expansion, but higher expected credit losses and declining ROE pressured short-term results. NU’s forward P/E near all-time lows (~14x) offers compelling value given its execution, market leadership, and long-term growth prospects. Mexico operations are scaling rapidly, with early profitability and significant runway in cards and unsecured loans supporting the bullish thesis. Read the full article on Seeking Alpha
BFC
US$142.37
Bank First
7D
-1.0%
1Y
24.3%
FNRN
US$17.47
First Northern Community Bancorp
7D
-1.8%
1Y
84.5%
FLG
US$13.59
Flagstar Bank National Association
7D
-0.8%
1Y
15.6%
WFC
US$75.92
Wells Fargo
7D
2.9%
1Y
3.4%
Seeking Alpha • May 20

Wells Fargo Long Duration Preferred: Safe Yield, Discount To Par, And Interest Rate Optionality

Summary Wells Fargo preferred shares WFC.PR.A, WFC.PR.C, WFC.PR.D, and WFC.PR.Z saw significant price drawdowns over the last five years due to the Fed interest rate upcycle. These preferreds yield ~6.3%, trade below par, and offer interest rate optionality if rates decline, with strong coverage metrics and substantial balance sheet support. Lower coupon structures of these preferreds, while responsible for the recent drawdowns, simultaneously create stronger upside participation in a declining rate environment. WFC.PR.A, WFC.PR.C, WFC.PR.D, and WFC.PR.Z are rated a buy due to their strong qualified dividend yield for individual investors, discount to par, and interest rate optionality on the upside, in case of reversal of interest rate upcycle. A ~6% regular income stream, without any near-term call risk at present, is a noteworthy advantage for an income- or goal-based investor allocating without much regard to price fluctuations. Read the full article on Seeking Alpha
BAP
US$344.00
Credicorp
7D
5.0%
1Y
68.3%
BAC
US$51.49
Bank of America
7D
3.3%
1Y
18.9%
PNC
US$218.37
PNC Financial Services Group
7D
2.3%
1Y
26.2%
USB
US$54.56
U.S. Bancorp
7D
2.1%
1Y
26.5%
FITB
US$49.16
Fifth Third Bancorp
7D
3.1%
1Y
31.1%
Narrative Update • May 10

FITB: Comerica Expense Savings And Texas Expansion Will Support Future Profitability

Analysts have nudged their implied fair value for Fifth Third Bancorp higher, with the updated price target rising by about $0.10 as recent research highlights mixed target revisions, views on loan growth, expense savings from the Comerica integration, and updated assumptions for discount rates, margins, and future P/E. Analyst Commentary Recent research on Fifth Third Bancorp reflects a mix of optimism and caution, with several firms adjusting price targets both higher and lower and refreshing models after new guidance and conference updates.
BYFC
US$9.67
Broadway Financial
7D
-5.8%
1Y
51.7%
HWBK
US$35.10
Hawthorn Bancshares
7D
-4.0%
1Y
16.2%