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U.S. Banks Industry Analysis

UpdatedMay 04, 2026
DataAggregated Company Financials
Companies620
  • 7D0.8%
  • 3M-2.0%
  • 1Y27.0%
  • YTD-1.4%

Over the last 7 days, the Banks industry has remained flat, although notably UMB Financial gained 4.2%. As for the the longer term, the industry is up 27% over the past 12 months. 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, 05 May 2026US$2.8tUS$727.6bUS$204.5b11.4x13.6x3.8x
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
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
Price to Earnings Ratio

7.8x


Total Market Cap: US$1.4tTotal Earnings: US$184.0bTotal Revenue: US$641.7bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Banks Industry Price to Earnings3Y Average 12.5x202420252026
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 12.5x.
  • The 3-year average PS ratio of 3.2x is lower than the industry's current PS ratio of 3.8x.
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 Market0.91%
Financials0.40%
Banks0.80%
Diversified Banks0.92%
Regional Banks0.46%
Industry PE
  • Investors are most optimistic about the Diversified Banks industry which is trading above its 3-year average PE ratio of 12.1x.
    • Analysts are expecting annual earnings growth of 6.3%, which is lower than the prior year's growth of 16.1% per year.
  • Investors are most pessimistic about the Regional Banks industry, which is trading close to its 3-year average of 14.2x.
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 23% 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
UMBF UMB FinancialUS$129.414.2%
+US$379.3m		28.1%PB1.3x
CBC Central BancompanyUS$27.012.3%
+US$130.5m		48.2%PB1.7x
CBSH Commerce BancsharesUS$51.741.4%
+US$105.1m		-13.3%PB1.8x
CATY Cathay General BancorpUS$56.391.2%
+US$44.3m		33.5%PB1.3x
NWBI Northwest BancsharesUS$13.782.1%
+US$42.4m		9.5%PB1.1x

Latest News

HTH
US$37.40
Hilltop Holdings
7D
1.6%
1Y
24.7%
TFC
US$49.48
Truist Financial
7D
-3.4%
1Y
25.7%
CBSH
US$51.74
Commerce Bancshares
7D
1.4%
1Y
-13.3%
NWBI
US$13.78
Northwest Bancshares
7D
2.1%
1Y
9.5%
BAC
US$52.19
Bank of America
7D
-0.8%
1Y
26.9%
NU
US$14.16
Nu Holdings
7D
-3.3%
1Y
13.6%

NU: US Banking Charter Will Shape Balanced Future Risk And Reward

Analysts have slightly reduced their price target on Nu Holdings from about $16.19 to $15.98, citing updated assumptions for revenue growth, profit margins, discount rate and future P/E that are now reflected in their models. Valuation Changes Fair Value: reduced slightly from $16.19 to $15.98 per share.
UMBF
US$129.41
UMB Financial
7D
4.2%
1Y
28.1%
JPM
US$307.65
JPMorgan Chase
7D
-1.3%
1Y
21.8%

JPM: Private Credit Discipline And ROTCE Focus Will Drive Future Upside

Analysts have nudged the fair value estimate for JPMorgan Chase slightly lower to about $389.92. Recent price target revisions, both higher and lower, reflect refreshed views on revenue growth prospects, profit margins, and a more conservative future P/E multiple.
CBC
US$27.01
Central Bancompany
7D
2.3%
1Y
48.2%
WFC
US$79.18
Wells Fargo
7D
-1.7%
1Y
7.2%
CATY
US$56.39
Cathay General Bancorp
7D
1.2%
1Y
33.5%

CATY: Dividend And Buybacks Will Support Steady Outlook As Market Expectations Rise

The updated analyst price target for Cathay General Bancorp moves to $56.40 from $53.80. This reflects analysts' use of slightly higher revenue growth, profit margin and future P/E assumptions in their refreshed models following recent Street research updates.
C
US$125.63
Citigroup
7D
-2.7%
1Y
78.9%

C: AI Wealth Tools And Capital Actions Will Shape Balanced Outlook

Analysts have revised their price target on Citigroup to $142.50 from $132.18, citing updated assumptions around fair value, discount rate, revenue growth, profit margins and future P/E expectations. What's in the News Citi Wealth introduced Citi Sky, an always on AI powered tool built with Google Cloud and Google DeepMind technology.
PNC
US$218.04
PNC Financial Services Group
7D
-1.5%
1Y
31.6%

PNC: Confident Execution Outlook And Buybacks Will Shape Future Multiple

The analyst price target for PNC Financial Services Group has moved higher by about $7 to $253, as analysts factor in a slightly higher fair value estimate, a modestly adjusted discount rate, and updated assumptions for growth, margins, and future P/E following a mix of recent target increases and reductions across the Street. Analyst Commentary Street research on PNC Financial Services Group over the recent period shows a mix of higher and lower price targets, with several large firms adjusting their views.
USB
US$55.24
U.S. Bancorp
7D
-1.3%
1Y
33.2%
CLBK
US$18.73
Columbia Financial
7D
1.1%
1Y
22.5%
FNRN
US$17.04
First Northern Community Bancorp
7D
7.7%
1Y
83.5%