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U.S. Banks Industry Analysis

UpdatedAug 14, 2026
DataAggregated Company Financials
Companies619
  • 7D1.6%
  • 3M20.0%
  • 1Y26.3%
  • YTD12.0%

In the last week, the Banks industry is up 1.6%, with JPMorgan Chase up 1.9%. This takes the industry's 12 month performance to a gain of 26%. Looking forward, earnings are forecast to grow by 7.0% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 15 Aug 2026US$3.1tUS$760.8bUS$219.9b12.1x14.2x4.1x
Mon, 13 Jul 2026US$3.0tUS$728.5bUS$205.0b12.2x14.8x4.2x
Wed, 10 Jun 2026US$2.8tUS$728.7bUS$205.0b11.7x13.6x3.8x
Fri, 08 May 2026US$2.8tUS$727.7bUS$204.6b11.5x13.5x3.8x
Sun, 05 Apr 2026US$2.6tUS$706.9bUS$195.7b11.4x13.5x3.7x
Tue, 03 Mar 2026US$2.7tUS$707.7bUS$195.7b11.4x13.7x3.8x
Thu, 29 Jan 2026US$2.8tUS$709.6bUS$195.6b11.7x14.1x3.9x
Sat, 27 Dec 2025US$2.9tUS$696.2bUS$192.4b11.9x15.1x4.2x
Mon, 24 Nov 2025US$2.6tUS$695.9bUS$192.4b11.2x13.5x3.7x
Wed, 22 Oct 2025US$2.6tUS$691.7bUS$190.3b11.2x13.7x3.8x
Fri, 19 Sep 2025US$2.7tUS$677.7bUS$183.9b12.1x14.7x4x
Sun, 17 Aug 2025US$2.5tUS$678.0bUS$183.8b11.4x13.7x3.7x
Tue, 15 Jul 2025US$2.6tUS$668.4bUS$177.0b12x14.5x3.8x
Thu, 12 Jun 2025US$2.4tUS$668.8bUS$177.1b11.1x13.5x3.6x
Sat, 10 May 2025US$2.3tUS$667.9bUS$176.6b11x12.9x3.4x
Mon, 07 Apr 2025US$1.9tUS$662.3bUS$171.9b10.5x11.2x2.9x
Wed, 05 Mar 2025US$2.4tUS$662.5bUS$171.8b11.5x14x3.6x
Fri, 31 Jan 2025US$2.5tUS$662.6bUS$171.6b12.2x14.5x3.8x
Sun, 29 Dec 2024US$2.3tUS$655.1bUS$143.0b12.4x16.3x3.6x
Tue, 26 Nov 2024US$2.5tUS$655.0bUS$143.0b13.3x17.5x3.8x
Thu, 24 Oct 2024US$2.2tUS$652.1bUS$143.6b11.9x15.6x3.4x
Sat, 21 Sep 2024US$2.2tUS$653.8bUS$145.5b11.8x14.8x3.3x
Mon, 19 Aug 2024US$2.1tUS$653.1bUS$145.7b11.2x14.4x3.2x
Wed, 17 Jul 2024US$2.1tUS$661.3bUS$153.5b11x13.7x3.2x
Fri, 14 Jun 2024US$1.9tUS$655.5bUS$151.1b9.6x12.8x3x
Sun, 12 May 2024US$2.0tUS$655.2bUS$151.0b9.8x13.3x3.1x
Tue, 09 Apr 2024US$2.0tUS$653.7bUS$166.2b9.4x11.8x3x
Thu, 07 Mar 2024US$1.9tUS$654.2bUS$166.3b9.6x11.6x2.9x
Sat, 03 Feb 2024US$1.8tUS$662.9bUS$171.6b9.7x10.6x2.7x
Mon, 01 Jan 2024US$1.8tUS$668.2bUS$195.6b9.4x9.4x2.8x
Wed, 29 Nov 2023US$1.6tUS$668.0bUS$195.5b8.4x8.2x2.4x
Fri, 27 Oct 2023US$1.5tUS$666.2bUS$195.7b7.8x7.4x2.2x
Sun, 24 Sep 2023US$1.5tUS$656.8bUS$191.7b7.8x7.9x2.3x
Tue, 22 Aug 2023US$1.6tUS$656.8bUS$191.7b8.3x8.3x2.4x
Price to Earnings Ratio

8.3x


Total Market Cap: US$1.6tTotal Earnings: US$191.7bTotal Revenue: US$656.8bTotal 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 13.0x.
  • 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 4.7% per year over the last three years.
  • Revenues for these companies have grown 5.0% 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 Market1.74%
Financials1.01%
Banks1.60%
Diversified Banks1.65%
Regional Banks1.44%
Industry PE
  • Investors are most optimistic about the Diversified Banks industry which is trading above its 3-year average PE ratio of 12.6x.
    • Analysts are expecting annual earnings growth of 4.9%, which is lower than the prior year's growth of 18.3% per year.
  • Investors are most pessimistic about the Regional Banks industry, which is trading close to its 3-year average of 14.7x.
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 4.9% 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$362.841.5%
+US$14.1b		24.9%PB2.7x
BAC Bank of AmericaUS$64.492.1%
+US$9.2b		37.4%PB1.6x
C CitigroupUS$139.333.2%
+US$7.3b		48.7%PB1.2x
NU Nu HoldingsUS$15.2310.0%
+US$6.7b		16.3%PB5.8x
WFC Wells FargoUS$88.821.8%
+US$4.7b		15.2%PB1.6x

Latest News

C
US$138.73
Citigroup
7D
3.7%
1Y
45.3%
NU
US$13.93
Nu Holdings
7D
-1.3%
1Y
16.0%
Seeking Alpha • 12h

Nu Holdings Q2: The First Billion-Dollar Quarter Deserves A Buy Rating

Summary NU Holdings (NU) delivered record Q2 2026 results, surpassing $1 billion in net income and achieving 39% YoY revenue growth with strong operational efficiency. NU's customer base expanded to 139 million, with rising activity rates and monthly revenue per active user up 22% YoY, while cost per user remains just $1. Risk-adjusted profit margin soared to 12.4%, driven by high-yielding credit products and effective risk management, outpacing traditional and fintech peers. I maintain a Buy rating on NU, citing exceptional growth, robust profitability, and prudent expansion strategy, with plans to trim at ~$18 per share. Read the full article on Seeking Alpha
BAC
US$64.09
Bank of America
7D
1.7%
1Y
34.3%
AX
US$100.81
Axos Financial
7D
-1.1%
1Y
13.2%
JPM
US$363.11
JPMorgan Chase
7D
1.9%
1Y
23.4%
Narrative Update • Aug 11

JPM: Higher For Longer Rates And AI Activity Will Support Earnings Power

Analysts lifted the fair value estimate for JPMorgan Chase stock from about $353.95 to roughly $373.86, pointing to a series of higher Street price targets in the $352 to $420 range that highlight stronger Q2 earnings, resilient profitability, and what several firms describe as an improved valuation setup for the bank. Analyst Commentary Recent research updates on JPMorgan Chase point to a cluster of higher price targets around the Q2 earnings season.
INTR
US$5.22
Inter & Co
7D
-8.7%
1Y
-36.1%
Seeking Alpha • Aug 10

Inter & Co Q2: The Real Story Isn't Just Customer Growth

Summary Inter & Co, Inc. demonstrates reaccelerating customer and ARPAC growth in Q2, despite the stock dropping over 40% in six months. Q2 highlights include 1.3 million net customer additions, 15% YoY customer growth, and improving ROE to 16.3%, approaching the "rule of 50" milestone. Credit portfolio growth remains robust, though rising NPLs (5.3%)—notably in Private Payroll—reflect macro and product-specific risks. INTR stock trades at ~5.5x 2027E earnings, presenting a highly asymmetric risk/reward; I maintain a Buy rating given compelling valuation and improving fundamentals. Read the full article on Seeking Alpha
PNC
US$255.20
PNC Financial Services Group
7D
1.0%
1Y
31.2%
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
BAP
US$375.14
Credicorp
7D
-4.4%
1Y
49.8%
Narrative Update • Aug 08

BAP: Higher Margins And Dividend Outlook Will Sustain Overvaluation Risk

Analysts have raised their price target for Credicorp to $299.15 from $290.00, citing updated assumptions for revenue growth, profit margins and future P/E, as well as a slightly lower discount rate. What's in the News Credicorp announced an annual dividend of US$14.6379 per share, with payment scheduled for June 12, 2026, ex dividend date on May 18, 2026 and record date on May 18, 2026.
IBOC
US$73.41
International Bancshares
7D
-2.3%
1Y
4.4%
FITB
US$57.94
Fifth Third Bancorp
7D
1.7%
1Y
34.2%
WFC
US$88.11
Wells Fargo
7D
0.6%
1Y
11.0%
TBBK
US$69.14
Bancorp
7D
-2.3%
1Y
2.0%
TFSL
US$17.57
TFS Financial
7D
-1.6%
1Y
33.2%
HBAN
US$17.77
Huntington Bancshares
7D
2.4%
1Y
5.7%
USB
US$65.17
U.S. Bancorp
7D
2.1%
1Y
39.2%
FSUN
US$40.88
FirstSun Capital Bancorp
7D
2.8%
1Y
12.6%