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U.S. Banks Industry Analysis

UpdatedJun 11, 2026
DataAggregated Company Financials
Companies623
  • 7D3.9%
  • 3M11.9%
  • 1Y21.7%
  • YTD-0.06%

The Banks industry is up 3.3% in the last week, with JPMorgan Chase up 2.8%. This means that the industry has gained 21% over the past year. 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
Thu, 11 Jun 2026US$2.8tUS$728.9bUS$205.1b11.8x13.8x3.9x
Sat, 09 May 2026US$2.8tUS$727.9bUS$204.6b11.4x13.5x3.8x
Mon, 06 Apr 2026US$2.6tUS$707.0bUS$195.7b11.4x13.5x3.7x
Wed, 04 Mar 2026US$2.7tUS$707.3bUS$195.6b11.5x13.8x3.8x
Fri, 30 Jan 2026US$2.8tUS$714.8bUS$197.8b11.8x14.1x3.9x
Sun, 28 Dec 2025US$2.9tUS$696.2bUS$192.4b11.9x15x4.2x
Tue, 25 Nov 2025US$2.6tUS$695.9bUS$192.4b11.2x13.5x3.7x
Thu, 23 Oct 2025US$2.6tUS$691.9bUS$190.6b11.3x13.6x3.7x
Sat, 20 Sep 2025US$2.7tUS$677.7bUS$183.9b12x14.9x4x
Mon, 18 Aug 2025US$2.5tUS$678.3bUS$184.0b11.4x13.7x3.7x
Wed, 16 Jul 2025US$2.6tUS$668.4bUS$177.0b11.9x14.6x3.9x
Fri, 13 Jun 2025US$2.4tUS$668.8bUS$177.1b11.1x13.4x3.6x
Sun, 11 May 2025US$2.3tUS$668.0bUS$176.6b11x12.8x3.4x
Tue, 08 Apr 2025US$1.9tUS$662.3bUS$171.9b10.5x11.2x2.9x
Thu, 06 Mar 2025US$2.3tUS$662.7bUS$171.8b11.4x13.4x3.5x
Sat, 01 Feb 2025US$2.5tUS$662.6bUS$171.6b12.1x14.6x3.8x
Mon, 30 Dec 2024US$2.3tUS$655.1bUS$143.0b12.4x16.3x3.6x
Wed, 27 Nov 2024US$2.5tUS$655.0bUS$143.0b13.3x17.6x3.9x
Fri, 25 Oct 2024US$2.2tUS$651.9bUS$143.3b11.8x15.6x3.4x
Sun, 22 Sep 2024US$2.1tUS$653.8bUS$145.5b11.8x14.7x3.3x
Tue, 20 Aug 2024US$2.1tUS$653.1bUS$145.7b11.3x14.4x3.2x
Thu, 18 Jul 2024US$2.2tUS$661.1bUS$152.9b11.1x14.2x3.3x
Sat, 15 Jun 2024US$1.9tUS$655.5bUS$151.1b9.5x12.8x3x
Mon, 13 May 2024US$2.0tUS$655.2bUS$151.0b9.8x13.3x3.1x
Wed, 10 Apr 2024US$2.0tUS$653.7bUS$166.2b9.4x12x3x
Fri, 08 Mar 2024US$1.9tUS$654.2bUS$166.3b9.6x11.6x2.9x
Sun, 04 Feb 2024US$1.8tUS$662.9bUS$171.6b9.7x10.6x2.7x
Tue, 02 Jan 2024US$1.8tUS$668.2bUS$195.6b9.4x9.4x2.8x
Thu, 30 Nov 2023US$1.6tUS$668.0bUS$195.5b8.5x8.2x2.4x
Sat, 28 Oct 2023US$1.4tUS$665.8bUS$195.2b7.8x7.3x2.1x
Mon, 25 Sep 2023US$1.5tUS$656.8bUS$191.7b7.8x7.9x2.3x
Wed, 23 Aug 2023US$1.5tUS$656.8bUS$191.7b8.1x8.1x2.4x
Fri, 21 Jul 2023US$1.7tUS$653.8bUS$191.4b8.3x8.9x2.6x
Sun, 18 Jun 2023US$1.6tUS$642.3bUS$184.2b7.9x8.5x2.5x
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-4.05%
Financials2.58%
Banks3.92%
Regional Banks4.72%
Diversified Banks3.63%
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 6.3%, 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 6.3% 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
JPM JPMorgan ChaseUS$309.142.8%
+US$22.2b		15.3%PB2.4x
BAC Bank of AmericaUS$54.544.1%
+US$15.2b		21.9%PB1.4x
WFC Wells FargoUS$81.974.2%
+US$10.1b		9.4%PB1.5x
C CitigroupUS$133.382.7%
+US$5.9b		70.2%PB1.2x
PNC PNC Financial Services GroupUS$232.646.6%
+US$5.8b		30.9%PB1.6x

Latest News

BAC
US$54.54
Bank of America
7D
4.1%
1Y
21.9%
WFC
US$81.97
Wells Fargo
7D
4.2%
1Y
9.4%
PNFP
US$93.11
Pinnacle Financial Partners
7D
-0.4%
1Y
-12.5%
INTR
US$5.56
Inter & Co
7D
-4.1%
1Y
-23.3%
Narrative Update • Jun 09

INTR: Miami Expansion And Governance Changes Will Support Future Upside Potential

Analysts have trimmed their price target on Inter & Co slightly to about $9.61 from around $9.71, reflecting small adjustments to the discount rate, fair value inputs, and expected future P/E in their models. What's in the News Inter opened a U.S. branch in Miami, Florida, as a state licensed extension of Banco Inter S.A., with authorization from the Board of Governors of the Federal Reserve and the Florida Office of Financial Regulation.
USB
US$56.81
U.S. Bancorp
7D
6.9%
1Y
28.5%
PNC
US$232.64
PNC Financial Services Group
7D
6.6%
1Y
30.9%
TFC
US$49.76
Truist Financial
7D
4.9%
1Y
23.6%
FITB
US$52.65
Fifth Third Bancorp
7D
6.4%
1Y
34.5%
C
US$133.38
Citigroup
7D
2.7%
1Y
70.2%
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.
NU
US$11.62
Nu Holdings
7D
-0.2%
1Y
-8.9%
AUBN
US$25.13
Auburn National Bancorporation
7D
-3.2%
1Y
14.6%
JPM
US$309.14
JPMorgan Chase
7D
2.8%
1Y
15.3%
CZWI
US$20.39
Citizens Community Bancorp
7D
-0.6%
1Y
43.3%
WBS
US$71.83
Webster Financial
7D
-0.4%
1Y
33.3%
Narrative Update • May 31

WBS: Santander Deal Risks And Mixed Ratings Will Shape Future Outlook

Narrative Update: Analyst View on Webster Financial The updated analyst price target for Webster Financial edges up by about $0.54 to $74.29, as analysts weigh recent target cuts, a new Neutral initiation, and a downgrade, alongside assumptions for slightly higher revenue growth, profit margins, and discount rates, as well as a modestly lower future P/E multiple. Analyst Commentary Recent Street research on Webster Financial reveals a mix of optimism around deal terms and caution around deal risk and valuation, which feeds into the updated price target assumptions.
PNBK
US$0.96
Patriot National Bancorp
7D
-8.4%
1Y
-17.8%
AGBK
US$6.59
AGI
7D
-2.5%
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?