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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 3.1%, driven by gains from JPMorgan Chase of 2.7%. In the last 12 months, the industry was up 26%. Earnings are forecast to grow by 8.3% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 17 Jun 2026US$2.9tUS$729.0bUS$205.1b11.7x14.2x4x
Fri, 15 May 2026US$2.7tUS$727.9bUS$204.6b11.2x13x3.6x
Sun, 12 Apr 2026US$2.8tUS$707.1bUS$195.8b11.9x14.2x3.9x
Tue, 10 Mar 2026US$2.6tUS$707.2bUS$195.5b11.3x13.3x3.7x
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
Price to Earnings Ratio

8.2x


Total Market Cap: US$1.5tTotal Earnings: US$184.2bTotal Revenue: US$642.3bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Banks Industry Price to Earnings3Y Average 12.8x202420252026
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$331.145.9%
+US$49.4b		22.9%PB2.6x
BAC Bank of AmericaUS$56.844.4%
+US$17.2b		28.5%PB1.5x
C CitigroupUS$142.996.1%
+US$14.1b		84.8%PB1.3x
WFC Wells FargoUS$85.053.7%
+US$9.3b		17.3%PB1.6x
USB U.S. BancorpUS$58.895.1%
+US$4.5b		37.9%PB1.6x

Latest News

JPM
US$331.14
JPMorgan Chase
7D
5.9%
1Y
22.9%
C
US$142.99
Citigroup
7D
6.1%
1Y
84.8%
TFC
US$49.13
Truist Financial
7D
-0.6%
1Y
25.9%
BAP
US$364.28
Credicorp
7D
4.2%
1Y
66.5%
USB
US$58.89
U.S. Bancorp
7D
5.1%
1Y
37.9%
Narrative Update • Jun 15

USB: Capital Markets Expansion And Buybacks Will Shape Future Earnings Profile

Analysts have made a modest adjustment to the U.S. Bancorp price target, incorporating a fair value estimate of about $63.50, along with updated views on revenue growth, profit margins, and future P/E assumptions that reflect a wide mix of recent upward and downward target revisions across firms such as JPMorgan, Evercore ISI, Truist, Morgan Stanley, Oppenheimer, RBC Capital, Barclays, Jefferies, BofA, UBS, Goldman Sachs, and HSBC. Analyst Commentary Recent research shows a split tape on U.S. Bancorp, with both upward and downward price target moves clustering around the updated fair value view of about US$63.50.
BAC
US$56.84
Bank of America
7D
4.4%
1Y
28.5%
Narrative Update • Jun 15

BAC: Raised Guidance And Capital Returns Will Support Future Trading Upside

Bank of America’s analyst price target has moved higher by several dollars, as analysts point to updated assumptions around the bank’s discount rate and forward P/E, supported by a mix of recent target increases and reductions across major research firms. Analyst Commentary Recent research shows both optimism and caution around Bank of America, with price target changes moving in both directions as analysts revisit earnings assumptions, valuation multiples, and execution risk.
WAL
US$81.48
Western Alliance Bancorporation
7D
-0.5%
1Y
15.1%
UCB
US$33.31
United Community Banks
7D
-1.3%
1Y
21.0%
HBAN
US$17.35
Huntington Bancshares
7D
3.1%
1Y
12.0%
NU
US$12.72
Nu Holdings
7D
7.1%
1Y
5.1%
Narrative Update • Jun 13

NU: US Charter AI Expansion And Buybacks Will Frame Balanced Future Upside

Analysts have revised their price target on Nu Holdings from $15.30 to $12.51. They adjusted assumptions around revenue growth, profit margin, and future P/E expectations, while keeping the discount rate broadly similar.
CLBK
US$20.26
Columbia Financial
7D
-3.2%
1Y
47.3%
FCNC.A
US$2,095.38
First Citizens BancShares
7D
-0.3%
1Y
15.9%
WFC
US$85.05
Wells Fargo
7D
3.7%
1Y
17.3%
CBU
US$63.10
Community Financial System
7D
-2.6%
1Y
17.0%
TFSL
US$16.46
TFS Financial
7D
-1.4%
1Y
30.9%
Seeking Alpha • Jun 02

TFS Financial: The Dividend Looks Better Than The Fundamentals

Summary TFS Financial Corporation appears overvalued with a 48x P/E and 2.3x P/B despite weak profitability metrics. The 7.1% dividend yield is fully priced in and structurally dependent on the mutual holding company’s annual refusal to accept dividends. TFSL’s profitability is constrained by low ROE (4.8%), ROA (0.52%), and a net interest margin of 1.84%, with limited growth prospects. High deposit costs, geographic concentration in Ohio and Florida, and an inefficient cost structure leave little margin for error. Read the full article on Seeking Alpha
CBC
US$27.70
Central Bancompany
7D
-3.1%
1Y
41.3%