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U.S. Banks Industry Analysis

UpdatedOct 31, 2024
DataAggregated Company Financials
Companies676
  • 7D1.0%
  • 3M8.5%
  • 1Y57.6%
  • YTD24.0%

Over the last 7 days, the Banks industry has risen 1.0%, driven by gains from Nu Holdings of 6.6%. During this same period, the First Citizens BancShares underperformed, falling 5.2%. This means that the industry has gained 58% over the past year. Looking forward, earnings are forecast to grow by 10% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
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
Mon, 22 May 2023US$1.5tUS$642.4bUS$184.2b7.6x8.1x2.3x
Wed, 19 Apr 2023US$1.6tUS$636.2bUS$173.0b8.3x9.1x2.5x
Fri, 17 Mar 2023US$1.5tUS$617.8bUS$163.5b8.6x9.4x2.5x
Sun, 12 Feb 2023US$1.9tUS$616.7bUS$163.3b9.7x11.3x3x
Tue, 10 Jan 2023US$1.8tUS$611.7bUS$164.2b9.7x10.8x2.9x
Thu, 08 Dec 2022US$1.7tUS$611.6bUS$164.2b9.8x10.5x2.8x
Sat, 05 Nov 2022US$1.8tUS$611.1bUS$164.0b9.8x11x3x
Mon, 03 Oct 2022US$1.6tUS$608.6bUS$167.7b9.4x9.5x2.6x
Wed, 31 Aug 2022US$1.7tUS$608.5bUS$167.7b9.8x10.4x2.9x
Fri, 29 Jul 2022US$1.7tUS$606.3bUS$167.8b9.7x10.2x2.8x
Sun, 26 Jun 2022US$1.7tUS$616.1bUS$179.5b9.6x9.5x2.8x
Tue, 24 May 2022US$1.8tUS$616.0bUS$179.4b9.8x10x2.9x
Thu, 21 Apr 2022US$1.9tUS$612.9bUS$181.8b10.3x10.7x3.2x
Sat, 19 Mar 2022US$2.1tUS$637.0bUS$196.3b10.7x10.7x3.3x
Mon, 14 Feb 2022US$2.3tUS$636.4bUS$196.1b10.8x11.6x3.6x
Wed, 12 Jan 2022US$2.4tUS$624.5bUS$192.9b11.2x12.3x3.8x
Fri, 10 Dec 2021US$2.4tUS$624.3bUS$192.8b10.7x12.6x3.9x
Sun, 07 Nov 2021US$2.2tUS$625.2bUS$192.9b10.9x11.6x3.6x
Price to Earnings Ratio

11.6x


Total Market Cap: US$2.2tTotal Earnings: US$192.9bTotal Revenue: US$625.2bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Banks Industry Price to Earnings3Y Average 10.7x202220232024
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 15.7x which is higher than its 3-year average PE of 10.7x.
  • The 3-year average PS ratio of 2.9x is lower than the industry's current PS ratio of 3.4x.
Past Earnings Growth
  • The earnings for companies in the Banks industry have declined 9.6% per year over the last three years.
  • Meanwhile revenues have remained mostly flat.
  • This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Trends

Which industries have driven the changes within the U.S. Financials industry?

US Market0.49%
Financials0.34%
Banks1.04%
Regional Banks1.63%
Diversified Banks0.81%
Industry PE
  • Investors are most optimistic about the Regional Banks industry which is trading above its 3-year average PE ratio of 12.1x.
    • Analysts are expecting annual earnings growth of 22.0%, which is higher than its past year's earnings decline of 13.7% per year.
  • Investors are most pessimistic about the Diversified Banks industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 10.1x.
Forecasted Growth
  • Analysts are most optimistic on the Regional Banks industry, expecting annual earnings growth of 22% over the next 5 years.
  • This is better than its past earnings decline of 14% 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
NU Nu HoldingsUS$15.736.6%
+US$4.7b
89.5%PB10.9x
WFC Wells FargoUS$65.411.3%
+US$2.8b
65.1%PB1.3x
JPM JPMorgan ChaseUS$224.410.4%
+US$2.8b
61.5%PB1.9x
C CitigroupUS$64.502.2%
+US$2.6b
62.9%PB0.6x
PNC PNC Financial Services GroupUS$190.221.1%
+US$797.8m
67.7%PB1.4x
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HMST

US$9.06

HomeStreet

7D

-37.5%

1Y

84.1%

MTB

US$197.56

M&T Bank

7D

1.9%

1Y

76.2%

FCNC.A

US$1,974.07

First Citizens BancShares

7D

-5.2%

1Y

45.6%

LOB

US$40.01

Live Oak Bancshares

7D

-14.2%

1Y

38.8%

CFG

US$42.70

Citizens Financial Group

7D

3.0%

1Y

84.3%

C

US$64.50

Citigroup

7D

2.2%

1Y

62.9%

FLG

US$10.40

Flagstar Financial

7D

-11.9%

1Y

-63.5%

GBCI

US$53.32

Glacier Bancorp

7D

13.1%

1Y

78.5%

WFC

US$65.41

Wells Fargo

7D

1.3%

1Y

65.1%

PNC

US$190.22

PNC Financial Services Group

7D

1.1%

1Y

67.7%

BAP

US$187.29

Credicorp

7D

-0.7%

1Y

48.0%