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U.S. Banks Industry Analysis

UpdatedMay 31, 2026
DataAggregated Company Financials
Companies623
  • 7D-0.4%
  • 3M1.4%
  • 1Y19.4%
  • YTD-3.5%

In the last week, Banks has been flat. The past year has been better, since the industry has gained 19% in that time. As for the next few years, earnings are expected to grow by 8.2% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 31 May 2026US$2.7tUS$728.9bUS$205.1b11.5x13.3x3.7x
Tue, 28 Apr 2026US$2.8tUS$726.4bUS$204.0b11.5x13.5x3.8x
Thu, 26 Mar 2026US$2.6tUS$707.2bUS$195.5b11.3x13.3x3.7x
Sat, 21 Feb 2026US$2.8tUS$706.9bUS$195.7b11.9x14.3x4x
Mon, 19 Jan 2026US$2.8tUS$702.9bUS$192.1b11.9x14.5x4x
Wed, 17 Dec 2025US$2.8tUS$696.0bUS$192.4b12x14.7x4.1x
Fri, 14 Nov 2025US$2.7tUS$695.2bUS$192.0b11.1x14x3.9x
Sun, 12 Oct 2025US$2.6tUS$678.1bUS$184.0b11.3x13.9x3.8x
Tue, 09 Sep 2025US$2.6tUS$677.8bUS$184.1b11.9x14.3x3.9x
Thu, 07 Aug 2025US$2.5tUS$678.4bUS$183.6b11.1x13.6x3.7x
Sat, 05 Jul 2025US$2.6tUS$668.4bUS$177.0b12x14.8x3.9x
Mon, 02 Jun 2025US$2.3tUS$668.5bUS$177.1b11.2x13.2x3.5x
Wed, 30 Apr 2025US$2.2tUS$667.8bUS$176.7b11x12.3x3.3x
Fri, 28 Mar 2025US$2.3tUS$663.1bUS$172.0b11.3x13.4x3.5x
Sun, 23 Feb 2025US$2.4tUS$662.1bUS$171.5b11.7x14.1x3.7x
Tue, 21 Jan 2025US$2.5tUS$660.7bUS$166.2b12.5x14.8x3.7x
Thu, 19 Dec 2024US$2.4tUS$655.1bUS$143.0b12.5x16.6x3.6x
Sat, 16 Nov 2024US$2.4tUS$654.9bUS$143.0b12.9x17x3.7x
Mon, 14 Oct 2024US$2.2tUS$652.6bUS$145.0b11.7x15.2x3.4x
Wed, 11 Sep 2024US$2.1tUS$652.6bUS$145.6b11.4x14.5x3.2x
Fri, 09 Aug 2024US$2.0tUS$652.4bUS$145.4b11x13.6x3x
Sun, 07 Jul 2024US$2.0tUS$649.1bUS$149.5b9.8x13.5x3.1x
Tue, 04 Jun 2024US$2.0tUS$655.5bUS$151.2b9.7x13.3x3.1x
Thu, 02 May 2024US$1.9tUS$653.5bUS$159.8b9.6x12.1x3x
Sat, 30 Mar 2024US$2.0tUS$654.2bUS$166.3b9.6x12.1x3.1x
Mon, 26 Feb 2024US$1.9tUS$653.7bUS$168.4b9.4x11x2.8x
Wed, 24 Jan 2024US$1.8tUS$666.2bUS$175.6b9.4x10.4x2.7x
Fri, 22 Dec 2023US$1.8tUS$667.9bUS$195.5b9.4x9.2x2.7x
Sun, 19 Nov 2023US$1.6tUS$667.9bUS$195.5b8.6x8.2x2.4x
Tue, 17 Oct 2023US$1.5tUS$665.7bUS$197.0b7.8x7.7x2.3x
Thu, 14 Sep 2023US$1.6tUS$656.8bUS$191.7b8x8.1x2.4x
Sat, 12 Aug 2023US$1.7tUS$656.3bUS$191.3b8.6x8.7x2.5x
Mon, 10 Jul 2023US$1.6tUS$641.8bUS$184.0b7.8x8.5x2.4x
Wed, 07 Jun 2023US$1.6tUS$642.2bUS$184.2b7.8x8.4x2.4x
Price to Earnings Ratio

8.4x


Total Market Cap: US$1.6tTotal Earnings: US$184.2bTotal Revenue: US$642.2bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Banks Industry Price to Earnings3Y Average 12.7x202420252026
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 12.7x.
  • 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 Market1.58%
Financials-0.41%
Banks-0.36%
Regional Banks0.30%
Diversified Banks-0.60%
Industry PE
  • Investors are most optimistic about the Regional Banks industry, which is trading close to its 3-year average PE ratio of 14.3x.
    • Analysts are expecting annual earnings growth of 13.9%, which is lower than the prior year's growth of 23.8% per year.
  • Investors are most pessimistic about the Diversified Banks industry, which is trading close to its 3-year average of 12.3x.
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
WFC Wells FargoUS$77.541.5%
+US$3.5b		3.7%PB1.5x
NU Nu HoldingsUS$13.133.1%
+US$1.9b		9.3%PB5.1x
C CitigroupUS$125.900.6%
+US$1.4b		67.2%PB1.1x
HBAN Huntington BancsharesUS$16.362.8%
+US$891.9m		4.7%PB1.1x
PNC PNC Financial Services GroupUS$221.120.9%
+US$759.0m		27.2%PB1.5x

Latest News

NU
US$13.13
Nu Holdings
7D
3.1%
1Y
9.3%
Narrative Update • May 30

NU: US Banking Charter Will Shape Future Upside Despite Modest Assumption Shifts

Analysts have trimmed their fair value estimate for Nu Holdings from $15.98 to $15.30 as they now apply a slightly higher discount rate, slightly lower revenue growth and profit margin assumptions, and a more conservative future P/E multiple. Valuation Changes Fair Value: trimmed slightly from $15.98 to $15.30 per share.
PNC
US$221.12
PNC Financial Services Group
7D
0.9%
1Y
27.2%
BAC
US$51.60
Bank of America
7D
-0.4%
1Y
16.9%
WFC
US$77.54
Wells Fargo
7D
1.5%
1Y
3.7%
Seeking Alpha • May 29

Wells Fargo Keeps Improving, But The Upside Looks Weak

Summary Wells Fargo remains a Hold as risk/reward skews toward limited upside, with shares already reflecting strong capital and regulatory relief. Net interest income and loan growth are solid, but net interest margin compression and rising noninterest expenses constrain operating leverage. Credit quality is stable, but efficiency ratio deterioration and mixed fee income highlight execution challenges and limited near-term catalysts. Valuation at 11.1x forward earnings and 1.69x book value leaves little room for disappointment unless WFC demonstrates sustained margin or earnings outperformance. Read the full article on Seeking Alpha
C
US$125.90
Citigroup
7D
0.6%
1Y
67.2%
JPM
US$299.31
JPMorgan Chase
7D
-2.3%
1Y
13.4%
BAP
US$342.63
Credicorp
7D
2.5%
1Y
61.8%
KEY
US$21.33
KeyCorp
7D
-1.1%
1Y
34.5%
Narrative Update • May 25

KEY: Loan And Capital Return Should Support Future Repricing Opportunity

Analysts nudged their average price target for KeyCorp slightly higher, by about $0.10 to roughly $25.03. The revised target reflects updated assumptions for fair value, discount rate, revenue growth, profit margin and future P/E after a series of recent target changes across the Street.
MTB
US$216.11
M&T Bank
7D
1.4%
1Y
18.3%
TFC
US$48.21
Truist Financial
7D
-0.4%
1Y
22.1%
Narrative Update • May 24

TFC: Excess Capital And Tech Initiatives Will Support Future Risk Reward Upside

Truist Financial's updated analyst price target has edged higher to about $55.67, up roughly $0.85, as analysts factor in a slightly higher fair value, modest tweaks to growth and margin assumptions, and mixed recent research that includes both price target cuts and increases along with a valuation driven downgrade. Analyst Commentary Recent research on Truist Financial reflects a split view, with several firms adjusting price targets in both directions and one valuation driven downgrade.
BOKF
US$128.04
BOK Financial
7D
-2.1%
1Y
35.6%
CFG
US$62.26
Citizens Financial Group
7D
-1.0%
1Y
54.3%
FITB
US$49.93
Fifth Third Bancorp
7D
0.9%
1Y
30.7%
CFR
US$135.52
Cullen/Frost Bankers
7D
-2.8%
1Y
6.7%
HBAN
US$16.36
Huntington Bancshares
7D
2.8%
1Y
4.7%
BPOP
US$148.53
Popular
7D
-1.3%
1Y
43.5%