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U.S. Banks Industry Analysis

UpdatedJun 04, 2026
DataAggregated Company Financials
Companies622
  • 7D-0.02%
  • 3M2.3%
  • 1Y18.9%
  • YTD-3.8%

In the last week, the Banks industry is flat overall, with Nu Holdings standing out by going down 11%. As for the the longer term, the industry is up 19% over the past 12 months. Looking forward, 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
Thu, 04 Jun 2026US$2.7tUS$728.7bUS$205.0b11.3x13.4x3.8x
Sat, 02 May 2026US$2.8tUS$727.7bUS$204.6b11.4x13.7x3.8x
Mon, 30 Mar 2026US$2.5tUS$707.1bUS$195.5b11.1x13x3.6x
Wed, 25 Feb 2026US$2.7tUS$706.9bUS$195.7b11.7x13.9x3.8x
Fri, 23 Jan 2026US$2.8tUS$706.3bUS$194.2b12.1x14.3x3.9x
Sun, 21 Dec 2025US$2.8tUS$696.2bUS$192.4b11.9x14.7x4.1x
Tue, 18 Nov 2025US$2.6tUS$696.0bUS$192.4b10.9x13.6x3.8x
Thu, 16 Oct 2025US$2.6tUS$689.5bUS$188.7b11.6x13.9x3.8x
Sat, 13 Sep 2025US$2.7tUS$677.7bUS$183.9b11.8x14.6x4x
Mon, 11 Aug 2025US$2.5tUS$678.1bUS$183.7b11.2x13.6x3.7x
Wed, 09 Jul 2025US$2.6tUS$668.4bUS$177.0b11.9x14.6x3.9x
Fri, 06 Jun 2025US$2.3tUS$668.7bUS$177.1b11x13.2x3.5x
Sun, 04 May 2025US$2.3tUS$667.9bUS$176.6b11.1x12.8x3.4x
Tue, 01 Apr 2025US$2.2tUS$663.1bUS$172.0b11.2x13x3.4x
Thu, 27 Feb 2025US$2.4tUS$662.8bUS$171.9b11.7x13.9x3.6x
Sat, 25 Jan 2025US$2.5tUS$659.9bUS$167.6b12.3x14.8x3.8x
Mon, 23 Dec 2024US$2.3tUS$655.1bUS$143.0b12.4x16.2x3.5x
Wed, 20 Nov 2024US$2.4tUS$654.9bUS$143.0b12.8x17.1x3.7x
Fri, 18 Oct 2024US$2.2tUS$651.7bUS$143.5b12.1x15.7x3.5x
Sun, 15 Sep 2024US$2.1tUS$654.3bUS$145.7b11.5x14.2x3.2x
Tue, 13 Aug 2024US$2.0tUS$652.5bUS$145.4b10.9x13.9x3.1x
Thu, 11 Jul 2024US$2.1tUS$649.2bUS$149.5b10.1x13.7x3.2x
Sat, 08 Jun 2024US$2.0tUS$655.4bUS$151.1b9.6x13x3x
Mon, 06 May 2024US$2.0tUS$653.4bUS$159.8b9.7x12.3x3x
Wed, 03 Apr 2024US$2.0tUS$653.6bUS$166.1b9.5x12x3.1x
Fri, 01 Mar 2024US$1.9tUS$654.3bUS$168.8b9.4x11x2.8x
Sun, 28 Jan 2024US$1.8tUS$664.1bUS$172.9b10x10.7x2.8x
Tue, 26 Dec 2023US$1.8tUS$668.0bUS$195.5b9.5x9.3x2.7x
Thu, 23 Nov 2023US$1.6tUS$668.0bUS$195.5b8.5x8.3x2.4x
Sat, 21 Oct 2023US$1.5tUS$665.6bUS$196.0b7.7x7.5x2.2x
Mon, 18 Sep 2023US$1.6tUS$656.8bUS$191.7b8.1x8.2x2.4x
Wed, 16 Aug 2023US$1.6tUS$656.4bUS$191.4b8.4x8.4x2.5x
Fri, 14 Jul 2023US$1.6tUS$641.9bUS$184.0b8x8.8x2.5x
Sun, 11 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 Market0.35%
Financials-1.58%
Banks-0.018%
Diversified Banks0.76%
Regional Banks-2.08%
Industry PE
  • Investors are most optimistic about the Diversified Banks industry, which is trading close to 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
BAC Bank of AmericaUS$52.402.5%
+US$9.2b		18.1%PB1.3x
WFC Wells FargoUS$78.683.4%
+US$7.9b		4.4%PB1.5x
C CitigroupUS$129.933.6%
+US$7.7b		70.1%PB1.2x
JPM JPMorgan ChaseUS$300.850.5%
+US$4.2b		13.9%PB2.3x
TCBI Texas Capital BancsharesUS$98.940.8%
+US$34.9m		37.2%PB1.3x

Latest News

NU
US$11.64
Nu Holdings
7D
-10.7%
1Y
-2.5%
Seeking Alpha • 6h

Nu Holdings: Analyzing The New CFO And Credit Risk

Summary Nu Holdings trades at 14x 2026E earnings with 39% revenue and 43% EPS growth forecasted, offering spectacular growth at a low multiple. Brazilian credit risks are a concern, but NU's actual credit metrics remain stable, and its high lending margins provide resilience against potential shocks. The new CFO hire, Rob Livingston, signals a serious U.S. expansion, likely increasing near-term spending and temporarily dampening EPS growth. I am strongly bullish on NU, viewing the current correction as an attractive entry amid broad rotation away from non-AI growth stocks. Read the full article on Seeking Alpha
BAP
US$327.42
Credicorp
7D
-6.0%
1Y
53.4%
BAC
US$52.40
Bank of America
7D
2.5%
1Y
18.1%
TCBI
US$98.94
Texas Capital Bancshares
7D
0.8%
1Y
37.2%
Narrative Update • Jun 03

TCBI: Fair Outlook Will Weigh New Dividend Against Mixed Execution Signals

Analysts have nudged the fair value estimate for Texas Capital Bancshares up by about $1 to $107.69, reflecting updated views on its earnings profile, a slightly higher assumed discount rate, and a modestly higher future P/E multiple informed by recent Street price target revisions from firms including BofA, Citi, JPMorgan, Piper Sandler, and RBC Capital. Analyst Commentary Street research on Texas Capital Bancshares has been active, with several firms adjusting price targets both higher and lower over recent months.
BCBP
US$11.11
BCB Bancorp
7D
8.1%
1Y
41.2%
USB
US$53.14
U.S. Bancorp
7D
-2.8%
1Y
21.0%
JPM
US$300.85
JPMorgan Chase
7D
0.5%
1Y
13.9%
Narrative Update • Jun 02

JPM: Private Credit Discipline And AI Expansion Will Drive Future Upside

Analyst price targets for JPMorgan Chase have shifted modestly, with a mixed set of recent target raises and cuts translating into a slightly lower implied fair value of about $387, as analysts factor in a marginally higher discount rate, slightly firmer revenue growth assumptions, a small adjustment to profit margin, and a higher future P/E multiple. Analyst Commentary Recent Street research on JPMorgan Chase reflects an active period of reassessment, with several bullish analysts lifting price targets and highlighting what they see as solid execution and earnings power, even as a few firms temper their views with target cuts.
PNC
US$218.27
PNC Financial Services Group
7D
-1.1%
1Y
24.8%
WFC
US$78.68
Wells Fargo
7D
3.4%
1Y
4.4%
CFG
US$61.53
Citizens Financial Group
7D
-2.5%
1Y
53.2%
Narrative Update • Jun 01

CFG: Future Upside Will Hinge On Efficiency Gains And Capital Returns

Analysts have nudged their fair value estimate for Citizens Financial Group higher to $73.28, a change of about $0.46, as recent price target revisions and updated views on revenue growth, profit margin, and future P/E assumptions reshape expectations for the stock. Analyst Commentary Recent Street research on Citizens Financial Group shows both optimism and caution around the stock, with several firms adjusting price targets and ratings in different directions.
C
US$129.93
Citigroup
7D
3.6%
1Y
70.1%
KEY
US$20.88
KeyCorp
7D
-2.9%
1Y
31.3%
Narrative Update • May 25

KEY: Loan And Capital Return Should Support Future Repricing Opportunity

Analysts nudged their average price target for KeyCorp slightly higher, by about $0.10 to roughly $25.03. The revised target reflects updated assumptions for fair value, discount rate, revenue growth, profit margin and future P/E after a series of recent target changes across the Street.
TFC
US$47.42
Truist Financial
7D
-2.1%
1Y
20.0%
Narrative Update • May 24

TFC: Excess Capital And Tech Initiatives Will Support Future Risk Reward Upside

Truist Financial's updated analyst price target has edged higher to about $55.67, up roughly $0.85, as analysts factor in a slightly higher fair value, modest tweaks to growth and margin assumptions, and mixed recent research that includes both price target cuts and increases along with a valuation driven downgrade. Analyst Commentary Recent research on Truist Financial reflects a split view, with several firms adjusting price targets in both directions and one valuation driven downgrade.
PBFS
US$15.82
Pioneer Bancorp
7D
5.5%
1Y
38.9%
RBCA.A
US$80.96
Republic Bancorp
7D
1.4%
1Y
18.3%
PNFP
US$93.50
Pinnacle Financial Partners
7D
-4.6%
1Y
-11.6%
Narrative Update • May 21

PNFP: Higher Future P/E Assumptions Will Reflect Loan Growth Execution Potential

Analysts have nudged their price target for Pinnacle Financial Partners higher to $116.79 from $115.39, reflecting updated views on the stock's valuation discount, loan growth outlook, and expected profitability. Analyst Commentary Street research around Pinnacle Financial Partners has been active, with a mix of new coverage initiations, higher price targets, and some target trims as views on growth and profitability evolve.