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U.S. Banks Industry Analysis

UpdatedMar 22, 2026
DataAggregated Company Financials
Companies631
  • 7D1.2%
  • 3M-10.5%
  • 1Y15.9%
  • YTD-10.4%

Over the last 7 days, the Banks industry has risen 1.2%, driven by gains from Wells Fargo of 4.7%. This means that the industry has gained 16% over the past year. As for the next few years, earnings are expected to grow by 8.6% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
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
Mon, 01 May 2023US$1.5tUS$641.4bUS$174.6b8.1x8.8x2.4x
Wed, 29 Mar 2023US$1.5tUS$624.0bUS$165.4b8.5x9.1x2.4x
Price to Earnings Ratio

9.1x


Total Market Cap: US$1.5tTotal Earnings: US$165.4bTotal Revenue: US$624.0bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Banks Industry Price to Earnings3Y Average 12.4x202420252026
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 12.4x.
  • The 3-year average PS ratio of 3.2x is lower than the industry's current PS ratio of 3.6x.
Past Earnings Growth
  • The earnings for companies in the Banks industry have grown 5.7% 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-1.83%
Financials0.10%
Banks1.22%
Diversified Banks1.70%
Regional Banks-0.12%
Industry PE
  • Investors are most optimistic about the Diversified Banks industry, which is trading close to its 3-year average PE ratio of 12.0x.
    • Analysts are expecting annual earnings growth of 6.6%, which is lower than the prior year's growth of 14.1% per year.
  • Investors are most pessimistic about the Regional Banks industry, which is trading close to its 3-year average of 14.0x.
Forecasted Growth
  • Analysts are most optimistic on the Regional Banks industry, expecting annual earnings growth of 15% over the next 5 years.
  • However this is lower than its past earnings growth rate of 20% per year.
  • In contrast, the Diversified Banks industry is expected to see its earnings grow by 6.6% 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$77.604.7%
+US$10.8b		7.0%PB1.5x
JPM JPMorgan ChaseUS$286.561.1%
+US$8.4b		18.6%PB2.3x
C CitigroupUS$109.523.6%
+US$6.7b		52.2%PB1x
BAC Bank of AmericaUS$47.160.9%
+US$3.2b		11.0%PB1.2x
FITB Fifth Third BancorpUS$44.191.8%
+US$715.4m		11.9%PB2x

Latest News

BAP
US$321.64
Credicorp
7D
-1.2%
1Y
66.2%

BAP: Future Returns Will Depend On Digital Bank And Dividend Reserve Actions

Analysts now set their fair value estimate for Credicorp at $352.34, compared with the prior $344.68. The revision reflects updated assumptions for revenue growth, profit margins and a slightly higher future P/E multiple.
FITB
US$44.19
Fifth Third Bancorp
7D
1.8%
1Y
11.9%
JPM
US$286.56
JPMorgan Chase
7D
1.1%
1Y
18.6%
KEY
US$19.41
KeyCorp
7D
2.7%
1Y
20.2%

KEY: Loan Tailwinds And Capital Returns Will Support Future Repricing Upside

KeyCorp's latest narrative update reflects a modestly higher analyst price target, with a cluster of recent revisions toward the $25 to $26 range as analysts point to loan growth, net interest margin trends and capital return as key supports, while debates continue around valuation and sector upside. Analyst Commentary Recent research updates on KeyCorp present a mixed picture, with several bullish analysts lifting price targets into the mid 20s while more cautious voices highlight valuation and sector wide constraints.
BAC
US$47.16
Bank of America
7D
0.9%
1Y
11.0%
RNST
US$34.81
Renasant
7D
-2.4%
1Y
-0.7%
WFC
US$77.60
Wells Fargo
7D
4.7%
1Y
7.0%
C
US$109.52
Citigroup
7D
3.6%
1Y
52.2%

C: Banamex Stake Sale And Capital Actions Will Drive Future Upside

Analysts have raised their price target on Citigroup from $116.00 to about $134.32, citing updated assumptions that include different revenue growth, profit margin, future P/E expectations, and an adjusted discount rate. What's in the News Citi signed a long term lease for premium office space in The Rock, a new 9,492 m² office development in Luxembourg’s Cloche d’Or district.
CFG
US$57.02
Citizens Financial Group
7D
2.5%
1Y
38.4%
UMBF
US$109.04
UMB Financial
7D
-1.2%
1Y
6.5%
HBAN
US$15.09
Huntington Bancshares
7D
-0.8%
1Y
0.5%
EWBC
US$103.53
East West Bancorp
7D
-0.9%
1Y
15.0%

EWBC: Loan And Net Interest Tailwinds Will Support Future Earnings Power

The fair value estimate for East West Bancorp has inched up by about $1 to $133.20 as analysts factor in slightly higher revenue growth assumptions, a modestly higher future P/E, and supporting Street commentary that highlights potential tailwinds from loan growth, net interest margins, and capital return across mid cap banks. Analyst Commentary Recent Street research on East West Bancorp has been active, with several firms updating their targets and models around upcoming earnings and the broader mid cap bank group.
ONB
US$21.24
Old National Bancorp
7D
-1.3%
1Y
0.2%

ONB: Normalized Yield Curve And Dividend Actions Will Shape Future Earnings Profile

Old National Bancorp's analyst price target has edged higher to $29, with analysts pointing to a solid profitability outlook for regional banks and a more normalized yield curve as key supports for this incremental shift in expectations. Analyst Commentary Recent research has leaned more constructive on Old National Bancorp, with several firms revising price targets and one upgrade reflecting a more supportive backdrop for regional banks and earnings visibility.
NIC
US$139.67
Nicolet Bankshares
7D
-6.4%
1Y
25.9%
FCNC.A
US$1,822.39
First Citizens BancShares
7D
3.1%
1Y
-1.6%
CBC
US$23.41
Central Bancompany
7D
-2.3%
1Y
67.5%