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U.S. Banks Industry Analysis

UpdatedJun 23, 2026
DataAggregated Company Financials
Companies623
  • 7D2.2%
  • 3M13.4%
  • 1Y24.6%
  • YTD4.4%

The Banks is pretty flat in the last 7 days, but JPMorgan Chase has stood out, gaining 3.8%. The past year has been better, since the industry has gained 25% in that time. As for the next few years, earnings are expected to grow by 8.2% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 23 Jun 2026US$2.9tUS$729.1bUS$205.1b11.9x14.2x4x
Thu, 21 May 2026US$2.7tUS$728.7bUS$205.0b11.4x12.9x3.6x
Sat, 18 Apr 2026US$2.8tUS$719.6bUS$201.4b11.9x13.8x3.9x
Mon, 16 Mar 2026US$2.5tUS$707.1bUS$195.5b11.2x12.9x3.6x
Wed, 11 Feb 2026US$2.9tUS$706.1bUS$195.4b11.9x15.1x4.2x
Fri, 09 Jan 2026US$2.9tUS$693.7bUS$191.7b11.9x15x4.2x
Sun, 07 Dec 2025US$2.8tUS$695.8bUS$192.3b11.6x14.3x4x
Tue, 04 Nov 2025US$2.6tUS$695.4bUS$192.1b11x13.8x3.8x
Thu, 02 Oct 2025US$2.7tUS$678.0bUS$184.0b11.8x14.7x4x
Sat, 30 Aug 2025US$2.7tUS$678.7bUS$184.0b11.8x14.5x3.9x
Mon, 28 Jul 2025US$2.6tUS$677.5bUS$183.4b11.4x14.2x3.8x
Wed, 25 Jun 2025US$2.5tUS$668.9bUS$177.1b11.3x13.9x3.7x
Fri, 23 May 2025US$2.3tUS$668.5bUS$177.0b11.2x13x3.5x
Sun, 20 Apr 2025US$2.1tUS$666.5bUS$176.3b10.7x11.7x3.1x
Tue, 18 Mar 2025US$2.2tUS$662.8bUS$171.9b11.2x12.8x3.3x
Thu, 13 Feb 2025US$2.5tUS$662.0bUS$171.5b12x14.8x3.8x
Sat, 11 Jan 2025US$2.4tUS$654.4bUS$143.4b11.9x16.4x3.6x
Mon, 09 Dec 2024US$2.5tUS$655.1bUS$143.0b13.1x17.2x3.8x
Wed, 06 Nov 2024US$2.2tUS$654.1bUS$142.6b11.8x15.4x3.4x
Fri, 04 Oct 2024US$2.1tUS$654.4bUS$145.7b11.3x14.3x3.2x
Sun, 01 Sep 2024US$2.2tUS$653.0bUS$145.7b11.8x15.1x3.4x
Tue, 30 Jul 2024US$2.2tUS$652.6bUS$145.5b11.5x15x3.3x
Thu, 27 Jun 2024US$2.0tUS$655.4bUS$151.1b9.7x13x3x
Sat, 25 May 2024US$2.0tUS$655.5bUS$151.2b9.8x13.1x3x
Mon, 22 Apr 2024US$1.9tUS$654.1bUS$161.6b9.4x11.8x2.9x
Wed, 20 Mar 2024US$1.9tUS$654.2bUS$166.3b9.4x11.6x2.9x
Fri, 16 Feb 2024US$1.8tUS$652.8bUS$168.4b9.6x10.7x2.8x
Sun, 14 Jan 2024US$1.8tUS$668.9bUS$196.4b9.1x9.2x2.7x
Tue, 12 Dec 2023US$1.7tUS$667.9bUS$195.5b9x8.8x2.6x
Thu, 09 Nov 2023US$1.5tUS$666.8bUS$195.2b8.2x7.9x2.3x
Sat, 07 Oct 2023US$1.5tUS$656.7bUS$191.6b7.8x7.8x2.3x
Mon, 04 Sep 2023US$1.6tUS$656.8bUS$191.7b8.3x8.3x2.4x
Wed, 02 Aug 2023US$1.7tUS$655.0bUS$189.1b8.6x9x2.6x
Fri, 30 Jun 2023US$1.6tUS$642.3bUS$184.2b7.8x8.4x2.4x
Price to Earnings Ratio

8.4x


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 12.8x202420252026
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 14.2x which is higher than its 3-year average PE of 12.8x.
  • The 3-year average PS ratio of 3.3x is lower than the industry's current PS ratio of 4.0x.
Past Earnings Growth
  • The earnings for companies in the Banks industry have grown 3.7% 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-1.82%
Financials0.50%
Banks2.15%
Diversified Banks2.83%
Regional Banks0.29%
Industry PE
  • Investors are most optimistic about the Diversified Banks industry which is trading above its 3-year average PE ratio of 12.4x.
    • Analysts are expecting annual earnings growth of 6.4%, 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 14.5x.
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 23% 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
JPM JPMorgan ChaseUS$331.483.8%
+US$32.4b		19.1%PB2.6x
BAC Bank of AmericaUS$57.372.7%
+US$10.6b		23.9%PB1.5x
C CitigroupUS$145.673.2%
+US$7.6b		83.6%PB1.3x
WFC Wells FargoUS$83.840.8%
+US$2.1b		8.9%PB1.6x
NU Nu HoldingsUS$12.792.9%
+US$1.8b		3.6%PB4.9x

Latest News

USB
US$58.68
U.S. Bancorp
7D
1.5%
1Y
33.1%
C
US$145.67
Citigroup
7D
3.2%
1Y
83.6%
Narrative Update • Jun 22

C: Digital Asset Expansion And Capital Returns Will Pressure Future Earnings Quality

Citigroup's analyst price target has been revised to $126.45 from $112.86 as analysts incorporate updated views on revenue growth, profit margins, and future P/E assumptions into their valuation work. What’s in the News for Citigroup Citigroup launched a blockchain based platform using Digital Depositary Receipts to let institutional and high net worth investors trade tokenized shares of late stage private companies via Switzerland's SIX infrastructure, with Citi acting as custodian and tokenization agent, according to recent reporting.
JPM
US$331.48
JPMorgan Chase
7D
3.8%
1Y
19.1%
WFC
US$83.84
Wells Fargo
7D
0.8%
1Y
8.9%
Analysis Article • Jun 22

Wells Fargo (WFC) Stock Could Be 15% Undervalued After Fed Basel III Shift

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BANF
US$111.34
BancFirst
7D
-1.8%
1Y
-9.8%
Analysis Article • Jun 21

BancFirst (BANF) Stock Could Be 39.7% Below Fair Value After Strong Growth

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BAP
US$380.57
Credicorp
7D
5.0%
1Y
76.1%
Analysis Article • Jun 20

Credicorp (BAP) Stock Could Be 16% Below Fair Value After Dividend Growth And Downgrade

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EWBC
US$129.13
East West Bancorp
7D
-1.7%
1Y
32.4%
Analysis Article • Jun 19

East West Bancorp (EWBC) Stock Could Be 8% Undervalued Despite Mixed Valuation Signals

East West Bancorp (EWBC) has attracted fresh attention after recent share price moves, with the stock closing at $126.81. That has prompted investors to reassess its valuation, profitability, and recent return profile. See our latest analysis for East West Bancorp. The current share price of $126.81 comes after a modest pullback over the past week. That sits against a 30 day share price return of 4.85% and a 90 day gain of 22.49%, while the 1 year total shareholder return of 38.95% and 3 year...
NU
US$12.79
Nu Holdings
7D
2.9%
1Y
3.6%
Analysis Article • Jun 19

Nu Holdings (NU) Stock Could Be 44.1% Undervalued After Its AI Banking Push

Nu Holdings (NYSE:NU) drew fresh attention after unveiling two AI powered financial models, including the NuFormer digital assistant and a future AI Private Banking suite, aimed at sharpening credit decisions and tailoring customer services. See our latest analysis for Nu Holdings. At a share price of $12.71, Nu Holdings has seen 7 day share price momentum of 5.13% but a year to date share price decline of 25.32%, while the 3 year total shareholder return of 69.69% contrasts with a far softer...
WAL
US$78.76
Western Alliance Bancorporation
7D
-3.7%
1Y
5.4%
Narrative Update • Jun 19

WAL: Risk Controls And Capital Actions Will Clear Path For Future Returns

Analysts have trimmed their average price target on Western Alliance Bancorporation stock by $2.10 to $90.00, generally citing updated assumptions around share repurchases while still highlighting the bank's management depth, risk controls and focus on profitable growth. Analyst Commentary Recent research on Western Alliance Bancorporation reflects a mix of confidence in the bank's execution and risk controls, alongside more cautious views on valuation and capital return assumptions, which is feeding through to a range of price target revisions.
BAC
US$57.37
Bank of America
7D
2.7%
1Y
23.9%
HBAN
US$17.05
Huntington Bancshares
7D
-0.9%
1Y
6.1%
PNC
US$234.71
PNC Financial Services Group
7D
1.8%
1Y
29.9%
Analysis Article • Jun 18

PNC Financial Services Group (PNC) Stock Could Be 8.7% Below Fair Value After Recent Gains

PNC Financial Services Group (PNC) has drawn investor attention after recent trading left the stock at $233.13, with total return figures over the past year and multi year periods providing a fresh reference point for assessments. See our latest analysis for PNC Financial Services Group. Short term momentum in PNC Financial Services Group stock has been firm, with a 30 day share price return of 9.08% and a 90 day gain of 15.38%. The 1 year and multi year total shareholder returns of 37.49%,...
INTR
US$5.39
Inter & Co
7D
-7.4%
1Y
-27.9%
OZK
US$49.84
Bank OZK
7D
-2.5%
1Y
7.7%
Seeking Alpha • Jun 17

Bank OZK: A Regional Bank Proves It Can Grow While Keeping Leverage Down

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WTFC
US$155.77
Wintrust Financial
7D
-0.6%
1Y
27.2%
Seeking Alpha • Jun 15

Wintrust Financial Is Getting Closer To A Downgrade

Summary Wintrust Financial Corporation remains rated a soft "Buy" as robust growth and asset quality offset valuation concerns. WTFC’s net interest income and non-interest income both rose year-over-year, driving net profits from $182 million to $219 million. Balance sheet expansion continues, with deposits up to $58.91 billion and high-cost brokered deposits declining as a percentage of total. Asset and credit quality metrics are strong, with non-performing assets at 0.28% and return on equity at 12.76%. Read the full article on Seeking Alpha
AX
US$88.52
Axos Financial
7D
-1.2%
1Y
18.8%