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U.S. Banks Industry Analysis

UpdatedMar 02, 2026
DataAggregated Company Financials
Companies639
  • 7D-5.8%
  • 3M0.3%
  • 1Y12.6%
  • YTD-5.6%

Over the last 7 days, the Banks industry has dropped 5.8%, driven by Nu Holdings declining 11%. This takes the industry's 12 month performance to a gain of 13%. As for the next few years, earnings are expected to grow by 8.8% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 04 Mar 2026US$2.7tUS$707.7bUS$195.7b11.4x13.7x3.8x
Fri, 30 Jan 2026US$2.8tUS$714.8bUS$197.8b11.8x14.1x3.9x
Sun, 28 Dec 2025US$2.9tUS$696.2bUS$192.4b11.9x15x4.2x
Tue, 25 Nov 2025US$2.6tUS$695.9bUS$192.4b11.2x13.5x3.7x
Thu, 23 Oct 2025US$2.6tUS$691.9bUS$190.6b11.3x13.6x3.7x
Sat, 20 Sep 2025US$2.7tUS$677.7bUS$183.9b12x14.9x4x
Mon, 18 Aug 2025US$2.5tUS$678.3bUS$184.0b11.4x13.7x3.7x
Wed, 16 Jul 2025US$2.6tUS$668.4bUS$177.0b11.9x14.6x3.9x
Fri, 13 Jun 2025US$2.4tUS$668.8bUS$177.1b11.1x13.4x3.6x
Sun, 11 May 2025US$2.3tUS$668.0bUS$176.6b11x12.8x3.4x
Tue, 08 Apr 2025US$1.9tUS$662.3bUS$171.9b10.5x11.2x2.9x
Thu, 06 Mar 2025US$2.3tUS$662.7bUS$171.8b11.4x13.4x3.5x
Sat, 01 Feb 2025US$2.5tUS$662.6bUS$171.6b12.1x14.6x3.8x
Mon, 30 Dec 2024US$2.3tUS$655.1bUS$143.0b12.4x16.3x3.6x
Wed, 27 Nov 2024US$2.5tUS$655.0bUS$143.0b13.3x17.6x3.9x
Fri, 25 Oct 2024US$2.2tUS$651.9bUS$143.3b11.8x15.6x3.4x
Sun, 22 Sep 2024US$2.1tUS$653.8bUS$145.5b11.8x14.7x3.3x
Tue, 20 Aug 2024US$2.1tUS$653.1bUS$145.7b11.3x14.4x3.2x
Thu, 18 Jul 2024US$2.2tUS$661.1bUS$152.9b11.1x14.2x3.3x
Sat, 15 Jun 2024US$1.9tUS$655.5bUS$151.1b9.5x12.8x3x
Mon, 13 May 2024US$2.0tUS$655.2bUS$151.0b9.8x13.3x3.1x
Wed, 10 Apr 2024US$2.0tUS$653.7bUS$166.2b9.4x12x3x
Fri, 08 Mar 2024US$1.9tUS$654.2bUS$166.3b9.6x11.6x2.9x
Sun, 04 Feb 2024US$1.8tUS$662.9bUS$171.6b9.7x10.6x2.7x
Tue, 02 Jan 2024US$1.8tUS$668.2bUS$195.6b9.4x9.4x2.8x
Thu, 30 Nov 2023US$1.6tUS$668.0bUS$195.5b8.5x8.2x2.4x
Sat, 28 Oct 2023US$1.4tUS$665.8bUS$195.2b7.8x7.3x2.1x
Mon, 25 Sep 2023US$1.5tUS$656.8bUS$191.7b7.8x7.9x2.3x
Wed, 23 Aug 2023US$1.5tUS$656.8bUS$191.7b8.1x8.1x2.4x
Fri, 21 Jul 2023US$1.7tUS$653.8bUS$191.4b8.3x8.9x2.6x
Sun, 18 Jun 2023US$1.6tUS$642.3bUS$184.2b7.9x8.5x2.5x
Tue, 16 May 2023US$1.4tUS$641.8bUS$184.0b7.4x7.9x2.3x
Thu, 13 Apr 2023US$1.5tUS$624.0bUS$165.4b8.3x9.1x2.4x
Sat, 11 Mar 2023US$1.6tUS$617.8bUS$163.5b9x9.9x2.6x
Price to Earnings Ratio

9.9x


Total Market Cap: US$1.6tTotal Earnings: US$163.5bTotal Revenue: US$617.8bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Banks Industry Price to Earnings3Y Average 12.3x202420252026
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 13.7x which is higher than its 3-year average PE of 12.3x.
  • The 3-year average PS ratio of 3.2x 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 6.2% per year over the last three years.
  • Revenues for these companies have grown 4.6% 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-0.57%
Financials-2.43%
Banks-5.83%
Diversified Banks-5.64%
Regional Banks-6.35%
Industry PE
  • Investors are most optimistic about the Diversified Banks industry which is trading above its 3-year average PE ratio of 11.9x.
    • Analysts are expecting annual earnings growth of 6.8%, which is lower than the prior year's growth of 13.6% per year.
  • Investors are most pessimistic about the Regional Banks industry, which is trading close to its 3-year average of 13.9x.
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 6.8% 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$300.261.0%
+US$8.0b		20.0%PB2.4x
C CitigroupUS$110.761.1%
+US$2.1b		53.1%PB1x
NIC Nicolet BanksharesUS$155.02-1.2%
US$992.2m		33.4%PB2.6x
TOWN TowneBankUS$34.38-0.3%
US$446.8m		-3.2%PB1.3x
FRME First MerchantsUS$39.11-3.2%
US$178.4m		-8.0%PB1x

Latest News

TOWN
US$34.38
TowneBank
7D
-0.3%
1Y
-3.2%
C
US$110.76
Citigroup
7D
1.1%
1Y
53.1%

C: Capital Actions And Consumer Restructuring Will Shape Future Earnings Quality

Analysts have nudged their Citigroup price target slightly lower to about $114.04 from roughly $114.36, reflecting updated views on growth, profitability, discount rates and future P/E assumptions. What's in the News Citigroup Global Markets Inc.
NIC
US$155.02
Nicolet Bankshares
7D
-1.2%
1Y
33.4%
BAC
US$49.97
Bank of America
7D
-0.9%
1Y
17.1%

Bank of America (BAC): The Efficiency Engine – Navigating the "Soft Landing" and Rate Normalization

Bank of America (BAC) has entered 2026 as a primary case study in operational resilience. As of the February 27 close, the stock is trading at $49.83 , having faced some technical pressure following a peak near $57 earlier in the year.
PNC
US$213.05
PNC Financial Services Group
7D
-2.2%
1Y
18.1%
FRME
US$39.11
First Merchants
7D
-3.2%
1Y
-8.0%
WFC
US$82.53
Wells Fargo
7D
-2.4%
1Y
12.6%
BAP
US$332.68
Credicorp
7D
-5.6%
1Y
81.9%
NU
US$14.76
Nu Holdings
7D
-10.7%
1Y
41.1%
MCB
US$83.86
Metropolitan Bank Holding
7D
-7.6%
1Y
40.9%
WAL
US$79.55
Western Alliance Bancorporation
7D
-9.8%
1Y
-2.0%

WAL: Steeper Yield Curve And Buybacks Will Support Future Earnings Power

Analyst price targets for Western Alliance Bancorporation have seen a mixed reset recently, with trims of $1 to $10 from some firms and modest $3 raises from others, as analysts weigh updated earnings previews, bank sector trends, and the latest outlooks on yield curves, loan growth, and credit conditions. Analyst Commentary Recent research points to a split view on Western Alliance Bancorporation, with some firms trimming price targets and at least one major bank downgrading the stock, while others are still nudging targets higher.
USB
US$53.99
U.S. Bancorp
7D
-1.9%
1Y
21.0%
TFIN
US$61.25
Triumph Financial
7D
8.0%
1Y
-2.7%

TFIN: Freight Payment Partnerships Will Support Upside Despite Seasonal First Quarter Softness

Analysts have revised their price target on Triumph Financial by $4, reflecting updated assumptions around future P/E levels while citing a more balanced risk and reward profile as shares trade closer to existing targets and as the company enters a seasonally softer first quarter. Analyst Commentary Recent Street research on Triumph Financial has centered on valuation expectations and the timing of near term performance as shares trade closer to existing price targets.
CFG
US$59.68
Citizens Financial Group
7D
-3.9%
1Y
36.9%

CFG: Multi Year Outlook Will Prioritize Credit Risk Over Expense Uncertainty

Analysts have raised their price targets on Citizens Financial Group, leading to a modest increase in our fair value estimate to $72.70. They cite updated expectations for expenses, loan growth, and returns, which are reflected in a slightly lower assumed future P/E multiple.
JPM
US$300.26
JPMorgan Chase
7D
1.0%
1Y
20.0%
MCHB
US$15.16
Mechanics Bancorp
7D
3.3%
1Y
134.9%