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U.S. Banks Industry Analysis

UpdatedJun 09, 2026
DataAggregated Company Financials
Companies621
  • 7D3.6%
  • 3M7.9%
  • 1Y20.6%
  • YTD-1.0%

In the last week, the Banks industry is up 3.6%, with JPMorgan Chase up 4.9%. Meanwhile, Nu Holdings actually underperformed within the industry, shrinking 11% in the last week. This takes the industry's 12 month performance to a gain of 21%. Earnings are forecast to grow by 8.1% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 09 Jun 2026US$2.8tUS$728.5bUS$205.0b11.7x13.7x3.8x
Thu, 07 May 2026US$2.8tUS$727.7bUS$204.6b11.5x13.5x3.8x
Sat, 04 Apr 2026US$2.6tUS$706.9bUS$195.7b11.4x13.5x3.7x
Mon, 02 Mar 2026US$2.7tUS$707.7bUS$195.7b11.4x13.7x3.8x
Wed, 28 Jan 2026US$2.8tUS$708.6bUS$195.1b11.8x14.1x3.9x
Fri, 26 Dec 2025US$2.9tUS$696.2bUS$192.4b11.9x15.1x4.2x
Sun, 23 Nov 2025US$2.6tUS$695.9bUS$192.4b11.2x13.5x3.7x
Tue, 21 Oct 2025US$2.6tUS$691.4bUS$190.2b11.3x13.7x3.8x
Thu, 18 Sep 2025US$2.7tUS$677.7bUS$183.9b11.8x14.5x3.9x
Sat, 16 Aug 2025US$2.6tUS$678.0bUS$183.8b11.4x13.9x3.8x
Mon, 14 Jul 2025US$2.6tUS$668.4bUS$177.0b11.9x14.5x3.8x
Wed, 11 Jun 2025US$2.4tUS$668.7bUS$177.1b11.3x13.4x3.6x
Fri, 09 May 2025US$2.2tUS$667.9bUS$176.6b11.1x12.7x3.3x
Sun, 06 Apr 2025US$1.9tUS$662.3bUS$171.9b10.5x11.2x2.9x
Tue, 04 Mar 2025US$2.4tUS$662.9bUS$171.9b11.7x14.2x3.7x
Thu, 30 Jan 2025US$2.5tUS$662.4bUS$169.1b12.1x14.8x3.8x
Sat, 28 Dec 2024US$2.4tUS$655.1bUS$143.0b12.4x16.4x3.6x
Mon, 25 Nov 2024US$2.5tUS$654.9bUS$143.0b13.2x17.5x3.8x
Wed, 23 Oct 2024US$2.2tUS$651.7bUS$143.5b11.9x15.4x3.4x
Fri, 20 Sep 2024US$2.1tUS$653.8bUS$145.5b11.9x14.5x3.2x
Sun, 18 Aug 2024US$2.1tUS$653.1bUS$145.7b11.2x14.4x3.2x
Tue, 16 Jul 2024US$2.1tUS$661.4bUS$153.5b10.6x13.4x3.1x
Thu, 13 Jun 2024US$1.9tUS$655.5bUS$151.1b9.7x12.7x2.9x
Sat, 11 May 2024US$2.0tUS$655.2bUS$151.0b9.8x13.3x3.1x
Mon, 08 Apr 2024US$2.0tUS$653.7bUS$166.2b9.4x11.9x3x
Wed, 06 Mar 2024US$1.9tUS$654.2bUS$166.3b9.5x11.4x2.9x
Fri, 02 Feb 2024US$1.8tUS$662.9bUS$171.6b9.8x10.5x2.7x
Sun, 31 Dec 2023US$1.8tUS$668.2bUS$195.6b9.4x9.4x2.8x
Tue, 28 Nov 2023US$1.6tUS$668.0bUS$195.5b8.5x8.3x2.4x
Thu, 26 Oct 2023US$1.4tUS$665.2bUS$195.5b7.7x7.4x2.2x
Sat, 23 Sep 2023US$1.5tUS$656.8bUS$191.7b7.8x7.9x2.3x
Mon, 21 Aug 2023US$1.6tUS$656.8bUS$191.7b8.3x8.3x2.4x
Wed, 19 Jul 2023US$1.7tUS$652.5bUS$189.8b8.2x8.7x2.5x
Fri, 16 Jun 2023US$1.6tUS$642.3bUS$184.2b7.9x8.5x2.4x
Price to Earnings Ratio

8.5x


Total Market Cap: US$1.6tTotal Earnings: US$184.2bTotal Revenue: US$642.3bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Banks Industry Price to Earnings3Y Average 12.7x202420252026
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 3.8x.
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 Market-2.73%
Financials0.48%
Banks3.64%
Diversified Banks3.88%
Regional Banks2.98%
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 6.2%, 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 6.2% 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$311.114.9%
+US$38.9b		16.6%PB2.4x
BAC Bank of AmericaUS$53.634.1%
+US$15.0b		19.5%PB1.4x
WFC Wells FargoUS$80.964.9%
+US$11.6b		5.9%PB1.5x
C CitigroupUS$133.283.2%
+US$7.1b		70.5%PB1.2x
PNC PNC Financial Services GroupUS$227.145.1%
+US$4.4b		27.1%PB1.6x

Latest News

BAC
US$53.63
Bank of America
7D
4.1%
1Y
19.5%
PNC
US$227.14
PNC Financial Services Group
7D
5.1%
1Y
27.1%
TFC
US$48.83
Truist Financial
7D
4.2%
1Y
20.7%
FITB
US$51.96
Fifth Third Bancorp
7D
7.0%
1Y
31.3%
C
US$133.28
Citigroup
7D
3.2%
1Y
70.5%
Narrative Update • Jun 07

C: Transformation And Capital Returns Will Support Higher Share Price Ahead

Analysts have adjusted their Citigroup price target from $150.00 to $167.09, reflecting updated assumptions around revenue growth, profit margins, and future P/E expectations. What's in the News CEO Jane Fraser's five year transformation has focused on simplifying Citigroup, cutting management layers, exiting 14 markets, and committing to 20,000 job reductions.
INTR
US$5.57
Inter & Co
7D
-9.7%
1Y
-18.1%
CASH
US$80.39
Pathward Financial
7D
-0.6%
1Y
4.3%
NU
US$11.60
Nu Holdings
7D
-10.7%
1Y
-2.7%
HTH
US$37.16
Hilltop Holdings
7D
-0.6%
1Y
23.2%
Narrative Update • Jun 05

HTH: Share Repurchases And Stable Credit Costs Will Support Balanced Returns

Analysts have maintained their fair value estimate for Hilltop Holdings at $39.67, making only minor adjustments to inputs such as the discount rate, revenue growth, profit margin, and future P/E that refine, rather than change, their overall price target view. What's in the News Hilltop Holdings completed a share repurchase of 5,705,205 shares, representing 9.05% of the company, for US$183.88 million under the buyback announced on January 30, 2025.
WFC
US$80.96
Wells Fargo
7D
4.9%
1Y
5.9%
Narrative Update • Jun 05

WFC: Future Returns Will Reflect Repo Role And Post Cap Removal Execution

Analysts have trimmed the Wells Fargo price target slightly, with the model update pointing to a modestly lower fair value of about $96. Recent research reflects mixed rating changes, a higher assumed discount rate, and a somewhat richer forward P/E.
JPM
US$311.11
JPMorgan Chase
7D
4.9%
1Y
16.6%
BAP
US$319.89
Credicorp
7D
-6.1%
1Y
49.9%
OCFC
US$17.98
OceanFirst Financial
7D
-1.5%
1Y
3.6%
USB
US$55.35
U.S. Bancorp
7D
3.4%
1Y
23.4%
PNBK
US$1.00
Patriot National Bancorp
7D
-13.0%
1Y
-21.3%
AGBK
US$6.37
AGI
7D
-12.7%
1Y
n/a
New Narrative • May 29

Hybrid Platform And Payroll Credit Expansion Will Support Stronger Earnings Power

Catalysts About AGI Agi is a Brazilian financial institution focused on a hybrid platform that combines technology, data, artificial intelligence and physical presence to offer credit, deposits and fee based financial services. What are the underlying business or industry changes driving this perspective?