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U.S. Banks Industry Analysis

UpdatedJul 12, 2026
DataAggregated Company Financials
Companies621
  • 7D0.8%
  • 3M7.8%
  • 1Y21.7%
  • YTD7.5%

Over the last 7 days, the Banks industry has remained flat. The past year has been better, since the industry has gained 22% 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
Sun, 12 Jul 2026US$3.0tUS$728.5bUS$205.0b12.2x14.8x4.2x
Tue, 09 Jun 2026US$2.8tUS$728.5bUS$205.0b11.7x13.7x3.8x
Thu, 07 May 2026US$2.8tUS$727.7bUS$204.6b11.5x13.5x3.8x
Sat, 04 Apr 2026US$2.6tUS$706.9bUS$195.7b11.4x13.5x3.7x
Mon, 02 Mar 2026US$2.7tUS$707.7bUS$195.7b11.4x13.7x3.8x
Wed, 28 Jan 2026US$2.8tUS$708.6bUS$195.1b11.8x14.1x3.9x
Fri, 26 Dec 2025US$2.9tUS$696.2bUS$192.4b11.9x15.1x4.2x
Sun, 23 Nov 2025US$2.6tUS$695.9bUS$192.4b11.2x13.5x3.7x
Tue, 21 Oct 2025US$2.6tUS$691.4bUS$190.2b11.3x13.7x3.8x
Thu, 18 Sep 2025US$2.7tUS$677.7bUS$183.9b11.8x14.5x3.9x
Sat, 16 Aug 2025US$2.6tUS$678.0bUS$183.8b11.4x13.9x3.8x
Mon, 14 Jul 2025US$2.6tUS$668.4bUS$177.0b11.9x14.5x3.8x
Wed, 11 Jun 2025US$2.4tUS$668.7bUS$177.1b11.3x13.4x3.6x
Fri, 09 May 2025US$2.2tUS$667.9bUS$176.6b11.1x12.7x3.3x
Sun, 06 Apr 2025US$1.9tUS$662.3bUS$171.9b10.5x11.2x2.9x
Tue, 04 Mar 2025US$2.4tUS$662.9bUS$171.9b11.7x14.2x3.7x
Thu, 30 Jan 2025US$2.5tUS$662.4bUS$169.1b12.1x14.8x3.8x
Sat, 28 Dec 2024US$2.4tUS$655.1bUS$143.0b12.4x16.4x3.6x
Mon, 25 Nov 2024US$2.5tUS$654.9bUS$143.0b13.2x17.5x3.8x
Wed, 23 Oct 2024US$2.2tUS$651.7bUS$143.5b11.9x15.4x3.4x
Fri, 20 Sep 2024US$2.1tUS$653.8bUS$145.5b11.9x14.5x3.2x
Sun, 18 Aug 2024US$2.1tUS$653.1bUS$145.7b11.2x14.4x3.2x
Tue, 16 Jul 2024US$2.1tUS$661.4bUS$153.5b10.6x13.4x3.1x
Thu, 13 Jun 2024US$1.9tUS$655.5bUS$151.1b9.7x12.7x2.9x
Sat, 11 May 2024US$2.0tUS$655.2bUS$151.0b9.8x13.3x3.1x
Mon, 08 Apr 2024US$2.0tUS$653.7bUS$166.2b9.4x11.9x3x
Wed, 06 Mar 2024US$1.9tUS$654.2bUS$166.3b9.5x11.4x2.9x
Fri, 02 Feb 2024US$1.8tUS$662.9bUS$171.6b9.8x10.5x2.7x
Sun, 31 Dec 2023US$1.8tUS$668.2bUS$195.6b9.4x9.4x2.8x
Tue, 28 Nov 2023US$1.6tUS$668.0bUS$195.5b8.5x8.3x2.4x
Thu, 26 Oct 2023US$1.4tUS$665.2bUS$195.5b7.7x7.4x2.2x
Sat, 23 Sep 2023US$1.5tUS$656.8bUS$191.7b7.8x7.9x2.3x
Mon, 21 Aug 2023US$1.6tUS$656.8bUS$191.7b8.3x8.3x2.4x
Wed, 19 Jul 2023US$1.7tUS$652.5bUS$189.8b8.2x8.7x2.5x
Price to Earnings Ratio

8.7x


Total Market Cap: US$1.7tTotal Earnings: US$189.8bTotal Revenue: US$652.5bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Banks Industry Price to Earnings3Y Average 12.9x202420252026
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 14.7x which is higher than its 3-year average PE of 12.9x.
  • The 3-year average PS ratio of 3.3x is lower than the industry's current PS ratio of 4.1x.
Past Earnings Growth
  • The earnings for companies in the Banks industry have grown 2.6% per year over the last three years.
  • Revenues for these companies have grown 3.7% 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 Market0.81%
Financials0.048%
Banks0.79%
Diversified Banks1.02%
Regional Banks0.13%
Industry PE
  • Investors are most optimistic about the Diversified Banks industry which is trading above its 3-year average PE ratio of 12.5x.
    • 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 14.6x.
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 6.4% 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
BAC Bank of AmericaUS$59.671.6%
+US$6.7b		27.7%PB1.5x
JPM JPMorgan ChaseUS$336.470.6%
+US$5.4b		17.3%PB2.6x
WFC Wells FargoUS$87.161.9%
+US$5.0b		5.6%PB1.6x
C CitigroupUS$140.790.6%
+US$1.4b		62.3%PB1.3x
USB U.S. BancorpUS$62.411.1%
+US$1.1b		32.4%PB1.6x

Latest News

FSUN
US$35.08
FirstSun Capital Bancorp
7D
-10.0%
1Y
-6.3%
C
US$140.79
Citigroup
7D
0.6%
1Y
62.3%
Seeking Alpha • 19h

Citigroup: Traders Are Getting Too Excited About Capital Markets Growth (Rating Downgrade)

Summary I expect an excellent Q2 earnings report from Citigroup. However, I believe this is already priced in to the share price. Citi's overall profitability metrics don't support too large of a P/E multiple or premium to book value. I believe the analyst consensus for Citi's 2027 and 2028 EPS may be too high, and there is a risk of downward revision, especially if financial markets weaken. Read the full article on Seeking Alpha
FNB
US$18.83
F.N.B
7D
-1.1%
1Y
19.2%
Narrative Update • Jul 11

FNB: Capital Returns And Deposit Stability Should Support Measured Future Upside

F.N.B.'s analyst price target has been lifted from $20.63 to $21.25, as analysts point to updated assumptions around profitability, valuation multiples, and sector positioning ahead of upcoming bank earnings. Analyst Commentary Recent research on F.N.B. points to a cluster of higher price targets ahead of upcoming bank earnings, with analysts updating their views on profitability assumptions, sector positioning, and relative valuation for the stock.
WFC
US$87.16
Wells Fargo
7D
1.9%
1Y
5.6%
Narrative Update • Jul 10

WFC: Future Returns Will Reflect Post Cap Removal Lending And Capital Strength

The analyst price target for Wells Fargo has moved higher to $98.34 from $96.11, with analysts pointing to progress on efficiency and risk controls, a focus on sustainable growth, and earnings estimate revisions across large U.S. banks as key supports for the refreshed view. Analyst Commentary Recent research on Wells Fargo highlights a mix of optimism around growth initiatives and risk controls, alongside caution on execution and current valuation.
BAP
US$400.81
Credicorp
7D
2.5%
1Y
80.2%
Narrative Update • Jul 10

BAP: Future Returns Will Depend On Dividend Payout And Incoming CFO

Analysts have modestly raised their price target for Credicorp to $391.52 from $363.01, citing updated assumptions around discount rates, revenue growth, profit margins, and future P/E expectations. What's in the News for Credicorp Credicorp Ltd.
BAC
US$59.67
Bank of America
7D
1.6%
1Y
27.7%
CFG
US$70.34
Citizens Financial Group
7D
-0.9%
1Y
47.6%
FITB
US$57.07
Fifth Third Bancorp
7D
-0.2%
1Y
30.4%
Narrative Update • Jul 10

FITB: Comerica Synergies And Expense Discipline Will Drive Cautiously Optimistic Outlook

Analysts have raised their fair value estimate for Fifth Third Bancorp to $60.80 from $58.18, reflecting higher price targets across several firms that cite building revenue momentum, solid Q2 trends, and relatively better expense and credit guidance. Analyst Commentary Recent research on Fifth Third Bancorp centers on how the bank is positioned heading into upcoming earnings, with multiple firms updating price targets and framing expectations around revenue momentum, expense discipline, and credit quality.
USB
US$62.41
U.S. Bancorp
7D
1.1%
1Y
32.4%
JPM
US$336.47
JPMorgan Chase
7D
0.6%
1Y
17.3%
PNC
US$251.91
PNC Financial Services Group
7D
1.0%
1Y
27.9%
TCBI
US$102.36
Texas Capital Bancshares
7D
-1.5%
1Y
18.5%
WAL
US$80.69
Western Alliance Bancorporation
7D
-1.0%
1Y
-4.5%
TFC
US$51.67
Truist Financial
7D
1.4%
1Y
13.7%
Seeking Alpha • Jun 30

Truist Financial Preferreds Update: Hold Ratings Stay Even With Better Yields

Summary Truist Financial Corporation receives a Sell rating due to underwhelming total return despite offering the highest current yield among peers. All three TFC $25 par preferreds—Series I, O, and R—are non-cumulative, BBB- rated, past call, and offer yields between 6.2% and 6.5%. Preferred dividend coverage is robust at 16.6x net income, and common equity coverage of preferred par is a strong 12x. I kept the preferreds with a Hold rating.  While the yields are attractive and up from last fall, other regional banks still offer higher yields. Current market and rate dynamics favor fixed-rate preferreds with call protection, but TFC's preferreds offer low yields reflecting their safety and call risk. Read the full article on Seeking Alpha
CBC
US$31.11
Central Bancompany
7D
-1.1%
1Y
66.4%
Narrative Update • Jun 29

CBC: Fair Outlook Will Balance Earnings Strength And Index Inclusion

Analysts have adjusted their fair value estimate for Central Bancompany from $28.90 to $30.10, citing updated assumptions for revenue growth, profit margin, discount rate, and future P/E as the key drivers of the new price target. What’s in the News for Central Bancompany Central Bancompany Ord Shs Class A holds an earnings forecast score of 8.40 and is ranked 41 out of 399 companies in the Banking Services industry, based on TradingKey data from 5 covering analysts (source: TradingKey).
SFBS
US$85.35
ServisFirst Bancshares
7D
-1.5%
1Y
4.0%