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U.S. Banks Industry Analysis

UpdatedMay 29, 2026
DataAggregated Company Financials
Companies622
  • 7D-0.7%
  • 3M0.9%
  • 1Y18.9%
  • YTD-4.3%

Over the last 7 days, the Banks industry has remained flat. The past year has been better, since the industry has gained 19% in that time. 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
Fri, 29 May 2026US$2.7tUS$728.9bUS$205.0b11.5x13.2x3.7x
Sun, 26 Apr 2026US$2.8tUS$726.4bUS$204.0b11.5x13.5x3.8x
Tue, 24 Mar 2026US$2.5tUS$707.1bUS$195.5b11.2x13x3.6x
Thu, 19 Feb 2026US$2.8tUS$706.9bUS$195.7b11.8x14.3x4x
Sat, 17 Jan 2026US$2.8tUS$702.8bUS$192.2b11.9x14.4x3.9x
Mon, 15 Dec 2025US$2.8tUS$696.0bUS$192.4b11.9x14.7x4.1x
Wed, 12 Nov 2025US$2.7tUS$695.2bUS$192.0b11.2x13.9x3.8x
Fri, 10 Oct 2025US$2.6tUS$678.1bUS$184.0b11.6x14.3x3.9x
Sun, 07 Sep 2025US$2.7tUS$677.4bUS$184.0b11.9x14.6x4x
Tue, 05 Aug 2025US$2.5tUS$678.3bUS$183.6b11.1x13.5x3.7x
Thu, 03 Jul 2025US$2.6tUS$668.7bUS$177.1b11.8x14.5x3.8x
Sat, 31 May 2025US$2.3tUS$668.5bUS$177.1b11.2x13.2x3.5x
Mon, 28 Apr 2025US$2.2tUS$667.6bUS$176.6b10.8x12.3x3.3x
Wed, 26 Mar 2025US$2.3tUS$663.1bUS$171.9b11.3x13.4x3.5x
Fri, 21 Feb 2025US$2.5tUS$662.8bUS$171.7b11.9x14.8x3.8x
Sun, 19 Jan 2025US$2.4tUS$653.7bUS$165.1b12.4x14.8x3.7x
Tue, 17 Dec 2024US$2.4tUS$655.0bUS$143.0b13x16.7x3.7x
Thu, 14 Nov 2024US$2.4tUS$654.3bUS$142.7b12.9x17.1x3.7x
Sat, 12 Oct 2024US$2.1tUS$652.6bUS$144.9b11.7x14.7x3.3x
Mon, 09 Sep 2024US$2.1tUS$652.6bUS$145.6b11.3x14.3x3.2x
Wed, 07 Aug 2024US$2.0tUS$652.3bUS$145.4b10.9x13.4x3x
Fri, 05 Jul 2024US$2.0tUS$649.1bUS$149.5b9.9x13.7x3.1x
Sun, 02 Jun 2024US$2.0tUS$655.5bUS$151.2b9.7x13.3x3.1x
Tue, 30 Apr 2024US$2.0tUS$653.5bUS$162.2b9.6x12.1x3x
Thu, 28 Mar 2024US$2.0tUS$654.2bUS$166.3b9.6x12.1x3.1x
Sat, 24 Feb 2024US$1.9tUS$652.8bUS$168.3b9.4x11x2.8x
Mon, 22 Jan 2024US$1.8tUS$666.6bUS$176.2b9.3x10.2x2.7x
Wed, 20 Dec 2023US$1.8tUS$667.9bUS$195.5b9.5x9.4x2.8x
Fri, 17 Nov 2023US$1.6tUS$667.9bUS$195.4b8.5x8.2x2.4x
Sun, 15 Oct 2023US$1.5tUS$668.5bUS$197.0b7.7x7.6x2.3x
Tue, 12 Sep 2023US$1.5tUS$656.9bUS$191.7b8x8.1x2.4x
Thu, 10 Aug 2023US$1.6tUS$643.9bUS$189.8b8.6x8.6x2.5x
Sat, 08 Jul 2023US$1.6tUS$641.8bUS$184.0b7.8x8.5x2.4x
Mon, 05 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 12.7x202420252026
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 3.7x.
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 Market1.83%
Financials-0.89%
Banks-0.68%
Regional Banks0.27%
Diversified Banks-1.02%
Industry PE
  • Investors are most optimistic about the Regional Banks industry, which is trading close to its 3-year average PE ratio of 14.3x.
    • Analysts are expecting annual earnings growth of 13.9%, which is lower than the prior year's growth of 23.7% per year.
  • Investors are most pessimistic about the Diversified Banks industry, which is trading close to its 3-year average of 12.3x.
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
WFC Wells FargoUS$76.651.0%
+US$2.2b		2.9%PB1.4x
FITB Fifth Third BancorpUS$49.881.5%
+US$652.5m		30.2%PB1.4x
PNC PNC Financial Services GroupUS$219.780.6%
+US$566.2m		25.5%PB1.5x
HBAN Huntington BancsharesUS$16.121.7%
+US$547.3m		2.5%PB1.1x
MTB M&T BankUS$214.310.9%
+US$290.0m		17.1%PB1.2x

Latest News

BAC
US$50.77
Bank of America
7D
-1.4%
1Y
14.8%
WFC
US$76.65
Wells Fargo
7D
1.0%
1Y
2.9%
Seeking Alpha • 12h

Wells Fargo Keeps Improving, But The Upside Looks Weak

Summary Wells Fargo remains a Hold as risk/reward skews toward limited upside, with shares already reflecting strong capital and regulatory relief. Net interest income and loan growth are solid, but net interest margin compression and rising noninterest expenses constrain operating leverage. Credit quality is stable, but efficiency ratio deterioration and mixed fee income highlight execution challenges and limited near-term catalysts. Valuation at 11.1x forward earnings and 1.69x book value leaves little room for disappointment unless WFC demonstrates sustained margin or earnings outperformance. Read the full article on Seeking Alpha
C
US$124.68
Citigroup
7D
-0.4%
1Y
65.1%
JPM
US$296.73
JPMorgan Chase
7D
-2.1%
1Y
12.2%
BAP
US$341.50
Credicorp
7D
-0.7%
1Y
62.8%
KEY
US$21.34
KeyCorp
7D
-0.7%
1Y
33.8%
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.
MTB
US$214.31
M&T Bank
7D
0.9%
1Y
17.1%
PNC
US$219.78
PNC Financial Services Group
7D
0.6%
1Y
25.5%
NU
US$13.05
Nu Holdings
7D
-0.8%
1Y
8.8%
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.
FITB
US$49.88
Fifth Third Bancorp
7D
1.5%
1Y
30.2%
FCNC.A
US$2,009.03
First Citizens BancShares
7D
1.0%
1Y
8.9%
Narrative Update • May 22

FCNC.A: Buybacks And Franchise Resilience Will Drive Future Upside Potential

Analysts have trimmed the fair value estimate for First Citizens BancShares by about $17 to roughly $2,213, reflecting recent reductions in price targets and more cautious assumptions on growth and required return. Analyst Commentary Recent Street research has shifted more cautious on First Citizens BancShares, with several firms trimming price targets and issuing downgrades.
CFR
US$136.26
Cullen/Frost Bankers
7D
-2.0%
1Y
5.5%
VLY
US$13.72
Valley National Bancorp
7D
2.3%
1Y
55.2%
HBAN
US$16.12
Huntington Bancshares
7D
1.7%
1Y
2.5%
FLG
US$14.17
Flagstar Bank National Association
7D
4.3%
1Y
20.0%
USB
US$54.45
U.S. Bancorp
7D
-0.2%
1Y
24.4%