U.S. Banks Industry Analysis
UpdatedJun 01, 2024
DataAggregated Company Financials
Companies690
- 7D0.2%
- 3M7.9%
- 1Y32.9%
- YTD9.7%
The Banks industry has stayed flat over the last week. As for the the longer term, the industry is up 33% over the past 12 months. As for the next few years, earnings are expected to grow by 8.7% per annum.
Industry Valuation and Performance
Has the U.S. Banks Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 01 Jun 2024 | US$2.0t | US$655.5b | US$151.2b | 9.7x | 13.1x | 3x |
| Mon, 29 Apr 2024 | US$2.0t | US$653.5b | US$162.2b | 9.7x | 12.1x | 3x |
| Wed, 27 Mar 2024 | US$2.0t | US$654.2b | US$166.3b | 9.5x | 11.8x | 3x |
| Fri, 23 Feb 2024 | US$1.8t | US$652.8b | US$168.4b | 9.4x | 10.9x | 2.8x |
| Sun, 21 Jan 2024 | US$1.8t | US$666.6b | US$176.2b | 9.3x | 10.1x | 2.7x |
| Tue, 19 Dec 2023 | US$1.8t | US$667.9b | US$195.5b | 9.3x | 9.3x | 2.7x |
| Thu, 16 Nov 2023 | US$1.6t | US$667.9b | US$195.5b | 8.5x | 8.1x | 2.4x |
| Sat, 14 Oct 2023 | US$1.5t | US$668.5b | US$197.2b | 7.7x | 7.6x | 2.3x |
| Mon, 11 Sep 2023 | US$1.5t | US$656.8b | US$191.7b | 8x | 8x | 2.3x |
| Wed, 09 Aug 2023 | US$1.7t | US$656.3b | US$189.6b | 8.7x | 8.9x | 2.6x |
| Fri, 07 Jul 2023 | US$1.5t | US$641.8b | US$184.0b | 7.7x | 8.4x | 2.4x |
| Sun, 04 Jun 2023 | US$1.5t | US$642.2b | US$184.2b | 7.7x | 8.4x | 2.4x |
| Tue, 02 May 2023 | US$1.5t | US$641.5b | US$174.6b | 8x | 8.8x | 2.4x |
| Thu, 30 Mar 2023 | US$1.5t | US$623.9b | US$165.4b | 8.5x | 9.2x | 2.4x |
| Sat, 25 Feb 2023 | US$1.8t | US$617.3b | US$163.2b | 9.6x | 11.2x | 3x |
| Mon, 23 Jan 2023 | US$1.8t | US$612.7b | US$162.0b | 9.7x | 11x | 2.9x |
| Wed, 21 Dec 2022 | US$1.7t | US$611.6b | US$164.2b | 9.7x | 10.2x | 2.7x |
| Fri, 18 Nov 2022 | US$1.8t | US$611.6b | US$164.1b | 9.9x | 11x | 3x |
| Sun, 16 Oct 2022 | US$1.7t | US$609.0b | US$167.8b | 9.6x | 9.9x | 2.7x |
| Tue, 13 Sep 2022 | US$1.8t | US$608.5b | US$167.7b | 9.9x | 10.8x | 3x |
| Thu, 11 Aug 2022 | US$1.8t | US$608.0b | US$167.6b | 9.9x | 10.8x | 3x |
| Sat, 09 Jul 2022 | US$1.7t | US$615.4b | US$179.3b | 9.5x | 9.3x | 2.7x |
| Mon, 06 Jun 2022 | US$1.8t | US$616.0b | US$179.4b | 9.8x | 10.3x | 3x |
| Wed, 04 May 2022 | US$1.8t | US$617.8b | US$180.0b | 9.9x | 10.1x | 2.9x |
| Fri, 01 Apr 2022 | US$2.1t | US$630.8b | US$194.4b | 10.4x | 10.6x | 3.3x |
| Sun, 27 Feb 2022 | US$2.2t | US$636.9b | US$196.3b | 10.7x | 11.2x | 3.4x |
| Tue, 25 Jan 2022 | US$2.1t | US$634.4b | US$195.6b | 11x | 11x | 3.4x |
| Thu, 23 Dec 2021 | US$2.1t | US$624.4b | US$192.8b | 10.8x | 11.1x | 3.4x |
| Sat, 20 Nov 2021 | US$2.2t | US$624.0b | US$193.2b | 11x | 11.4x | 3.5x |
| Mon, 18 Oct 2021 | US$2.2t | US$614.4b | US$190.5b | 11.3x | 11.5x | 3.6x |
| Wed, 15 Sep 2021 | US$2.0t | US$602.4b | US$180.8b | 10.8x | 11.3x | 3.4x |
| Fri, 13 Aug 2021 | US$2.1t | US$602.6b | US$181.0b | 11.1x | 11.6x | 3.5x |
| Tue, 08 Jun 2021 | US$2.2t | US$549.0b | US$140.0b | 12x | 15.6x | 4x |
Price to Earnings Ratio
15.6x
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 13.1x which is higher than its 3-year average PE of 10.3x.
- The industry is trading close to its 3-year average PS ratio of 2.9x.
Past Earnings Growth
- The earnings for companies in the Banks industry have grown 2.6% per year over the last three years.
- Revenues for these companies have grown 6.1% 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 Market | -0.63% | |
| Financials | -0.17% | |
| Banks | 0.17% | |
| Diversified Banks | 0.33% | |
| Regional Banks | -0.28% | |
Industry PE
- Investors are most optimistic about the Regional Banks industry which is trading above its 3-year average PE ratio of 11.1x.
- Analysts are expecting annual earnings growth of 15.9%, which is higher than its past year's earnings decline of 14.1% 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 9.8x.
Forecasted Growth
- Analysts are most optimistic on the Regional Banks industry, expecting annual earnings growth of 16% 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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| JPM JPMorgan Chase | US$202.63 | 1.0% +US$5.5b | 44.3% | PB1.9x | |
| BAC Bank of America | US$39.99 | 0.7% +US$2.3b | 39.3% | PB1.2x | |
| PNC PNC Financial Services Group | US$157.39 | 2.0% +US$1.2b | 27.4% | PB1.4x | |
| NU Nu Holdings | US$11.88 | 1.3% +US$717.2m | 70.4% | PB8.3x | |
| HBAN Huntington Bancshares | US$13.92 | 1.3% +US$260.9m | 27.8% | PB1.2x |