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U.S. Banks Industry Analysis

UpdatedMay 27, 2026
DataAggregated Company Financials
Companies622
  • 7D3.8%
  • 3M-0.5%
  • 1Y20.9%
  • YTD-2.4%

Over the last 7 days, the Banks industry has risen 3.8%, driven by gains from JPMorgan Chase of 3.7%. This takes the industry's 12 month performance to a gain of 21%. Earnings are forecast to grow by 8.2% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 27 May 2026US$2.7tUS$728.9bUS$205.0b11.6x13.3x3.7x
Fri, 24 Apr 2026US$2.8tUS$722.7bUS$202.4b11.7x13.8x3.9x
Sun, 22 Mar 2026US$2.5tUS$707.1bUS$195.5b11x13x3.6x
Tue, 17 Feb 2026US$2.8tUS$708.2bUS$195.8b11.9x14.2x3.9x
Thu, 15 Jan 2026US$2.8tUS$701.5bUS$191.8b11.9x14.6x4x
Sat, 13 Dec 2025US$2.8tUS$696.0bUS$192.4b11.9x14.7x4x
Mon, 10 Nov 2025US$2.7tUS$695.4bUS$192.1b11.1x13.9x3.8x
Wed, 08 Oct 2025US$2.7tUS$678.0bUS$184.0b11.7x14.5x3.9x
Fri, 05 Sep 2025US$2.6tUS$677.9bUS$184.1b12x14.4x3.9x
Sun, 03 Aug 2025US$2.5tUS$678.2bUS$183.5b11.1x13.5x3.7x
Tue, 01 Jul 2025US$2.5tUS$668.9bUS$177.1b11.4x14.2x3.8x
Thu, 29 May 2025US$2.3tUS$668.5bUS$177.1b11.2x13.3x3.5x
Sat, 26 Apr 2025US$2.2tUS$667.7bUS$176.6b10.8x12.4x3.3x
Mon, 24 Mar 2025US$2.3tUS$663.0bUS$171.9b11.2x13.1x3.4x
Wed, 19 Feb 2025US$2.5tUS$662.2bUS$171.5b12.2x14.8x3.8x
Fri, 17 Jan 2025US$2.4tUS$663.5bUS$160.6b12.4x15.2x3.7x
Sun, 15 Dec 2024US$2.4tUS$655.1bUS$143.0b13x16.7x3.7x
Tue, 12 Nov 2024US$2.4tUS$654.4bUS$142.7b12.9x16.8x3.7x
Thu, 10 Oct 2024US$2.1tUS$654.4bUS$145.7b11.5x14.5x3.2x
Sat, 07 Sep 2024US$2.1tUS$653.0bUS$145.6b11.4x14.3x3.2x
Mon, 05 Aug 2024US$2.0tUS$652.3bUS$145.4b11.1x13.8x3.1x
Wed, 03 Jul 2024US$2.0tUS$649.2bUS$149.5b10.1x13.5x3.1x
Fri, 31 May 2024US$2.0tUS$655.4bUS$151.2b9.6x13.1x3x
Sun, 28 Apr 2024US$2.0tUS$653.6bUS$162.3b9.7x12.1x3x
Tue, 26 Mar 2024US$2.0tUS$654.2bUS$166.3b9.5x11.8x3x
Thu, 22 Feb 2024US$1.8tUS$652.8bUS$168.4b9.5x10.9x2.8x
Sat, 20 Jan 2024US$1.8tUS$666.6bUS$176.2b9.3x10.1x2.7x
Mon, 18 Dec 2023US$1.8tUS$667.8bUS$195.5b9.4x9.3x2.7x
Wed, 15 Nov 2023US$1.5tUS$667.4bUS$195.2b8.5x7.8x2.3x
Fri, 13 Oct 2023US$1.5tUS$656.7bUS$191.6b7.8x7.9x2.3x
Sun, 10 Sep 2023US$1.5tUS$656.8bUS$191.7b8x8x2.3x
Tue, 08 Aug 2023US$1.7tUS$656.3bUS$189.6b8.7x9x2.6x
Thu, 06 Jul 2023US$1.6tUS$641.8bUS$184.0b7.8x8.5x2.4x
Sat, 03 Jun 2023US$1.5tUS$642.2bUS$184.2b7.7x8.4x2.4x
Price to Earnings Ratio

8.4x


Total Market Cap: US$1.5tTotal Earnings: US$184.2bTotal Revenue: US$642.2bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Banks Industry Price to Earnings3Y Average 12.6x202420252026
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 12.6x.
  • The 3-year average PS ratio of 3.3x is lower than the industry's current PS ratio of 3.7x.
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 Market2.46%
Financials1.50%
Banks3.79%
Diversified Banks3.93%
Regional Banks3.41%
Industry PE
  • Investors are most optimistic about the Diversified Banks industry, which is trading close to its 3-year average PE ratio of 12.2x.
    • Analysts are expecting annual earnings growth of 6.3%, which is lower than the prior year's growth of 13.4% per year.
  • Investors are most pessimistic about the Regional Banks industry, which is trading close to its 3-year average of 14.3x.
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$306.743.7%
+US$29.6b		15.6%PB2.4x
C CitigroupUS$126.865.7%
+US$11.8b		68.1%PB1.1x
BAC Bank of AmericaUS$52.203.0%
+US$10.6b		18.0%PB1.3x
WFC Wells FargoUS$77.524.0%
+US$9.1b		4.8%PB1.5x
NU Nu HoldingsUS$12.985.6%
+US$3.4b		8.7%PB5x

Latest News

BAC
US$52.20
Bank of America
7D
3.0%
1Y
18.0%
PNBK
US$1.02
Patriot National Bancorp
7D
-9.7%
1Y
-70.3%
WFC
US$77.52
Wells Fargo
7D
4.0%
1Y
4.8%
BAP
US$351.75
Credicorp
7D
11.4%
1Y
69.4%
Narrative Update • May 25

BAP: Future Returns Will Depend On Dividend Policy And Board Transitions

Analysts have made a modest upward adjustment to their price target for Credicorp to $362.89 from $359.80, citing updated assumptions for fair value, discount rate, revenue growth, profit margin, and future P/E as the key drivers of the change. What's in the News Credicorp declared an annual dividend of US$50.00 per share, with payment scheduled for June 12, 2026, and an ex dividend and record date of May 18, 2026 (Key Developments).
PNC
US$220.81
PNC Financial Services Group
7D
3.5%
1Y
25.3%
NU
US$12.98
Nu Holdings
7D
5.6%
1Y
8.7%
New Narrative • May 24

Investment Analysis (May 2026)

Three key ideas before starting Before diving into the details, it is useful to establish three core conclusions that structure the entire analysis. The first is that Nu Holdings is currently trading at a historically low multiple relative to its growth profile.
C
US$126.86
Citigroup
7D
5.7%
1Y
68.1%
Narrative Update • May 24

C: AI Wealth Platform And Buybacks Will Support Constructive Outlook

Analysts have nudged their price target for Citigroup higher to about $146.93 from $142.50, tying this shift to updated assumptions around the discount rate, revenue growth, profit margin and future P/E expectations. What's in the News Citi Wealth launched Citi Sky, an AI powered virtual team member built with Google Cloud and Google DeepMind technology, designed to give U.S. clients market insights, prompts on CD maturities, and support for advisor conversations in English and Spanish, with a phased rollout to Citigold clients beginning this summer.
RBKB
US$15.40
Rhinebeck Bancorp
7D
-2.7%
1Y
33.2%
JPM
US$306.74
JPMorgan Chase
7D
3.7%
1Y
15.6%
FNWD
US$32.50
Finward Bancorp
7D
-2.6%
1Y
8.6%
BFC
US$141.85
Bank First
7D
-1.1%
1Y
22.7%
FNRN
US$17.29
First Northern Community Bancorp
7D
-1.5%
1Y
82.6%
MCHB
US$14.39
Mechanics Bancorp
7D
-1.7%
1Y
n/a
USB
US$55.22
U.S. Bancorp
7D
3.6%
1Y
26.2%
CBNA
US$36.00
Chain Bridge Bancorp
7D
-3.5%
1Y
35.2%
Analysis Article • May 04

Party Time: Brokers Just Made Major Increases To Their Chain Bridge Bancorp, Inc. (NYSE:CBNA) Earnings Forecasts

Shareholders in Chain Bridge Bancorp, Inc. ( NYSE:CBNA ) may be thrilled to learn that the analysts have just delivered...
CMTV
US$38.80
Community Bancorp
7D
-3.0%
1Y
119.9%