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U.S. Banks Industry Analysis

UpdatedAug 18, 2026
DataAggregated Company Financials
Companies618
  • 7D0.9%
  • 3M19.4%
  • 1Y26.7%
  • YTD11.6%

The Banks industry is up 2.1% in the last week, with Citigroup up 2.4%. This takes the industry's 12 month performance to a gain of 29%. Earnings are forecast to grow by 7.1% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 18 Aug 2026US$3.1tUS$761.8bUS$220.5b12.1x14.3x4.1x
Thu, 16 Jul 2026US$3.0tUS$750.6bUS$215.9b12.3x14x4x
Sat, 13 Jun 2026US$2.9tUS$729.0bUS$205.1b11.9x13.9x3.9x
Mon, 11 May 2026US$2.7tUS$727.9bUS$204.7b11.4x13.3x3.7x
Wed, 08 Apr 2026US$2.7tUS$707.0bUS$195.7b11.5x13.6x3.8x
Fri, 06 Mar 2026US$2.7tUS$707.2bUS$195.5b11.4x13.8x3.8x
Sun, 01 Feb 2026US$2.8tUS$715.5bUS$198.4b11.7x14.2x4x
Tue, 30 Dec 2025US$2.9tUS$696.2bUS$192.4b11.9x14.9x4.1x
Thu, 27 Nov 2025US$2.7tUS$695.9bUS$192.4b11.4x13.8x3.8x
Sat, 25 Oct 2025US$2.6tUS$693.9bUS$191.5b11.2x13.5x3.7x
Mon, 22 Sep 2025US$2.7tUS$677.7bUS$183.9b12x14.9x4x
Wed, 20 Aug 2025US$2.5tUS$678.4bUS$184.0b11.5x13.8x3.8x
Fri, 18 Jul 2025US$2.5tUS$667.1bUS$176.1b11.9x14.3x3.8x
Sun, 15 Jun 2025US$2.3tUS$668.8bUS$177.1b11.1x13.1x3.5x
Tue, 13 May 2025US$2.3tUS$668.0bUS$176.7b11.3x12.8x3.4x
Thu, 10 Apr 2025US$2.0tUS$662.3bUS$171.9b10.8x11.4x2.9x
Sat, 08 Mar 2025US$2.3tUS$662.7bUS$171.8b11.3x13.2x3.4x
Mon, 03 Feb 2025US$2.5tUS$662.6bUS$171.6b12.1x14.6x3.8x
Wed, 01 Jan 2025US$2.3tUS$655.0bUS$143.0b12.4x16.2x3.5x
Fri, 29 Nov 2024US$2.5tUS$655.0bUS$143.0b13.3x17.6x3.8x
Sun, 27 Oct 2024US$2.2tUS$651.3bUS$142.7b11.7x15.5x3.4x
Tue, 24 Sep 2024US$2.1tUS$653.8bUS$145.5b11.8x14.7x3.3x
Thu, 22 Aug 2024US$2.1tUS$653.0bUS$145.7b11.2x14.4x3.2x
Sat, 20 Jul 2024US$2.1tUS$660.4bUS$152.4b11.1x14x3.2x
Mon, 17 Jun 2024US$1.9tUS$655.5bUS$151.1b9.5x12.8x2.9x
Wed, 15 May 2024US$2.0tUS$655.2bUS$151.0b9.8x13.3x3.1x
Fri, 12 Apr 2024US$1.9tUS$653.8bUS$166.2b9.2x11.7x3x
Sun, 10 Mar 2024US$1.9tUS$654.2bUS$166.3b9.5x11.6x2.9x
Tue, 06 Feb 2024US$1.8tUS$652.7bUS$168.4b9.5x10.7x2.7x
Thu, 04 Jan 2024US$1.8tUS$668.2bUS$195.6b9.2x9.3x2.7x
Sat, 02 Dec 2023US$1.6tUS$668.0bUS$195.5b8.7x8.4x2.5x
Mon, 30 Oct 2023US$1.4tUS$665.8bUS$195.2b7.8x7.3x2.1x
Wed, 27 Sep 2023US$1.5tUS$656.8bUS$191.7b7.8x7.8x2.3x
Fri, 25 Aug 2023US$1.6tUS$656.9bUS$191.7b8.2x8.1x2.4x
Price to Earnings Ratio

8.1x


Total Market Cap: US$1.6tTotal Earnings: US$191.7bTotal Revenue: US$656.9bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Banks Industry Price to Earnings3Y Average 13.1x202420252026
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 13.1x.
  • The 3-year average PS ratio of 3.4x is lower than the industry's current PS ratio of 4.1x.
Past Earnings Growth
  • The earnings for companies in the Banks industry have grown 4.8% per year over the last three years.
  • Revenues for these companies have grown 5.1% 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 Market0.11%
Financials-0.12%
Banks0.93%
Regional Banks1.62%
Diversified Banks0.70%
Industry PE
  • Investors are most optimistic about the Diversified Banks industry which is trading above its 3-year average PE ratio of 12.7x.
    • Analysts are expecting annual earnings growth of 5.0%, which is lower than the prior year's growth of 17.9% per year.
  • Investors are most pessimistic about the Regional Banks industry, which is trading close to its 3-year average of 14.8x.
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 5.0% 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
C CitigroupUS$138.512.4%
+US$5.5b		47.0%PB1.2x
NU Nu HoldingsUS$14.746.3%
+US$4.3b		10.6%PB5.4x
JPM JPMorgan ChaseUS$360.960.3%
+US$3.1b		23.8%PB2.7x
PNC PNC Financial Services GroupUS$254.551.1%
+US$1.1b		32.6%PB1.7x
USB U.S. BancorpUS$64.871.1%
+US$1.1b		40.7%PB1.7x

Latest News

HTB
US$47.80
HomeTrust Bancshares
7D
-3.4%
1Y
21.5%
BAP
US$378.28
Credicorp
7D
-1.0%
1Y
49.4%
OZK
US$51.11
Bank OZK
7D
-0.9%
1Y
3.1%
C
US$138.51
Citigroup
7D
2.4%
1Y
47.0%
NU
US$14.74
Nu Holdings
7D
6.3%
1Y
10.6%
Narrative Update • Aug 16

NU: Latin American Banking Licenses Will Support Long-Term Earnings Potential

Analysts have adjusted their fair value estimate for Nu Holdings stock from $22.00 to $23.00, reflecting updated assumptions for the discount rate, revenue growth, profit margin, and future P/E. What’s in the News for Nu Holdings Nu Holdings reported Q2 2026 net profit of US$1.06b, which was above analyst estimates, with management linking the result to higher revenue and stronger risk adjusted net interest margins.
JPM
US$360.96
JPMorgan Chase
7D
0.3%
1Y
23.8%
INTR
US$5.29
Inter & Co
7D
-1.1%
1Y
-35.5%
Narrative Update • Aug 14

INTR: Rule Of 50 Execution And Miami Expansion Will Support Future Upside

Inter & Co's analyst price target has been revised slightly lower to about $8.77 from roughly $9.61 as analysts incorporate updated assumptions for revenue growth, profit margins and future P/E into their models. What’s in the News for Inter & Co Inter & Co reported record Q2 2026 results with net income of R$421.11 million and earnings per share of R$0.95.
ESQ
US$124.09
Esquire Financial Holdings
7D
-3.8%
1Y
28.0%
PNC
US$254.55
PNC Financial Services Group
7D
1.1%
1Y
32.6%
Seeking Alpha • Aug 08

PNC Financial: Coast-To-Coast Banking Expansion Continues

Summary PNC Financial is transitioning from a regional to a national bank, leveraging its FirstBank acquisition for coast-to-coast expansion. Q2 2026 results validated the growth thesis, with average loans up 12.5% and diluted EPS surging 26% to $4.85, beating consensus by $0.30. PNC offers a 3.2% dividend yield, supported by a high 30% payout ratio, a recent 18% dividend hike, and ongoing $700 million quarterly buybacks. Shares trade at a 6% discount to the $265 fair value estimate, with 11%+ annual total return potential, but face risks from fee income volatility and economic softness. Read the full article on Seeking Alpha
CBC
US$32.55
Central Bancompany
7D
-1.5%
1Y
71.3%
CASH
US$85.39
Pathward Financial
7D
-1.9%
1Y
13.2%
TBBK
US$68.27
Bancorp
7D
-1.0%
1Y
4.3%
TFC
US$52.53
Truist Financial
7D
1.3%
1Y
18.5%
HBAN
US$17.95
Huntington Bancshares
7D
2.0%
1Y
7.6%
USB
US$64.87
U.S. Bancorp
7D
1.1%
1Y
40.7%
CFG
US$74.31
Citizens Financial Group
7D
2.3%
1Y
53.1%
Narrative Update • Jul 29

CFG: Future Returns Will Depend On Q2 Execution And Reimagine The Bank Delivery

The analyst price target for Citizens Financial Group in this update moves from $76.71 to $80.47. This change is supported by Street research that cites solid Q2 earnings, better credit quality, improving net interest income and fee trends, and progress on key initiatives such as the private bank build out and deposit franchise overhaul.