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U.S. Banks Industry Analysis

UpdatedJun 12, 2026
DataAggregated Company Financials
Companies623
  • 7D2.0%
  • 3M14.0%
  • 1Y23.9%
  • YTD1.4%

In the last week, the Banks industry is up 2.0%, with Bank of America leading the way, up 1.8%. In the last 12 months, the industry was up 24%. Earnings are forecast to grow by 8.1% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 12 Jun 2026US$2.8tUS$729.0bUS$205.1b11.8x13.8x3.9x
Sun, 10 May 2026US$2.8tUS$727.9bUS$204.6b11.4x13.5x3.8x
Tue, 07 Apr 2026US$2.6tUS$707.0bUS$195.7b11.5x13.5x3.7x
Thu, 05 Mar 2026US$2.7tUS$707.3bUS$195.6b11.6x13.8x3.8x
Sat, 31 Jan 2026US$2.8tUS$715.0bUS$198.0b11.8x14.3x4x
Mon, 29 Dec 2025US$2.9tUS$696.2bUS$192.4b11.9x15x4.2x
Wed, 26 Nov 2025US$2.6tUS$695.9bUS$192.4b11.4x13.6x3.8x
Fri, 24 Oct 2025US$2.6tUS$692.8bUS$190.9b11.2x13.4x3.7x
Sun, 21 Sep 2025US$2.7tUS$677.7bUS$183.9b12x14.9x4x
Tue, 19 Aug 2025US$2.5tUS$678.4bUS$184.0b11.4x13.7x3.7x
Thu, 17 Jul 2025US$2.5tUS$665.4bUS$175.4b11.8x14.3x3.8x
Sat, 14 Jun 2025US$2.4tUS$668.8bUS$177.1b11.1x13.4x3.5x
Mon, 12 May 2025US$2.3tUS$668.0bUS$176.7b11x12.8x3.4x
Wed, 09 Apr 2025US$2.0tUS$662.2bUS$171.9b10.4x11.4x3x
Fri, 07 Mar 2025US$2.3tUS$662.7bUS$171.8b11.4x13.4x3.5x
Sun, 02 Feb 2025US$2.5tUS$662.6bUS$171.6b12.1x14.6x3.8x
Tue, 31 Dec 2024US$2.3tUS$655.0bUS$143.0b12.4x16.3x3.6x
Thu, 28 Nov 2024US$2.5tUS$655.0bUS$143.0b13.3x17.6x3.8x
Sat, 26 Oct 2024US$2.2tUS$651.4bUS$142.7b11.7x15.7x3.4x
Mon, 23 Sep 2024US$2.1tUS$653.8bUS$145.5b11.8x14.7x3.3x
Wed, 21 Aug 2024US$2.1tUS$653.0bUS$145.7b11.2x14.6x3.2x
Fri, 19 Jul 2024US$2.2tUS$660.8bUS$152.8b11x14.3x3.3x
Sun, 16 Jun 2024US$1.9tUS$655.5bUS$151.1b9.5x12.8x2.9x
Tue, 14 May 2024US$2.0tUS$655.2bUS$151.0b9.8x13.3x3.1x
Thu, 11 Apr 2024US$2.0tUS$653.6bUS$166.1b9.2x12x3x
Sat, 09 Mar 2024US$1.9tUS$654.2bUS$166.3b9.5x11.6x2.9x
Mon, 05 Feb 2024US$1.8tUS$662.9bUS$171.6b9.7x10.6x2.7x
Wed, 03 Jan 2024US$1.9tUS$668.2bUS$195.6b9.4x9.5x2.8x
Fri, 01 Dec 2023US$1.6tUS$668.0bUS$195.5b8.5x8.4x2.4x
Sun, 29 Oct 2023US$1.4tUS$665.8bUS$195.2b7.8x7.3x2.1x
Tue, 26 Sep 2023US$1.5tUS$656.8bUS$191.7b7.9x8x2.3x
Thu, 24 Aug 2023US$1.6tUS$656.8bUS$191.7b8.2x8.1x2.4x
Sat, 22 Jul 2023US$1.7tUS$654.4bUS$191.6b8.3x8.8x2.6x
Mon, 19 Jun 2023US$1.6tUS$642.3bUS$184.2b7.9x8.5x2.5x
Price to Earnings Ratio

8.5x


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 12.7x202420252026
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 3.9x.
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 Market-2.36%
Financials0.99%
Banks1.99%
Regional Banks2.97%
Diversified Banks1.63%
Industry PE
  • Investors are most optimistic about the Diversified Banks industry which is trading above its 3-year average PE ratio of 12.3x.
    • Analysts are expecting annual earnings growth of 6.2%, 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 14.4x.
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 6.2% 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$55.161.8%
+US$7.0b		23.6%PB1.4x
JPM JPMorgan ChaseUS$313.490.8%
+US$7.0b		16.9%PB2.4x
C CitigroupUS$138.072.2%
+US$5.0b		76.5%PB1.2x
USB U.S. BancorpUS$57.633.9%
+US$3.4b		30.5%PB1.5x
BAP CredicorpUS$368.3812.8%
+US$3.3b		68.6%PB2.5x

Latest News

PNFP
US$93.74
Pinnacle Financial Partners
7D
-2.7%
1Y
-11.2%
JPM
US$313.49
JPMorgan Chase
7D
0.8%
1Y
16.9%
TCBI
US$100.36
Texas Capital Bancshares
7D
-1.9%
1Y
30.9%
AUBN
US$24.38
Auburn National Bancorporation
7D
-3.5%
1Y
9.3%
BAP
US$368.38
Credicorp
7D
12.8%
1Y
68.6%
NU
US$12.09
Nu Holdings
7D
-0.2%
1Y
0.7%
Narrative Update • Jun 10

CFO transition and a context of total uncertainty: value continues to be generated

When this analysis was published on May 24 at $12.73 per share, the thesis was straightforward: a structurally superior business trading at a historically compressed multiple. In the sixteen days since, four distinct macro and company-specific events have converged to push the stock further down to $11.88 — creating, in this view, a wider margin of safety rather than a deteriorating investment case.
BAC
US$55.16
Bank of America
7D
1.8%
1Y
23.6%
WFC
US$82.40
Wells Fargo
7D
1.0%
1Y
11.3%
BVFL
US$19.71
BV Financial
7D
-1.9%
1Y
35.7%
INTR
US$5.71
Inter & Co
7D
-0.9%
1Y
-19.8%
Narrative Update • Jun 09

INTR: Miami Expansion And Governance Changes Will Support Future Upside Potential

Analysts have trimmed their price target on Inter & Co slightly to about $9.61 from around $9.71, reflecting small adjustments to the discount rate, fair value inputs, and expected future P/E in their models. What's in the News Inter opened a U.S. branch in Miami, Florida, as a state licensed extension of Banco Inter S.A., with authorization from the Board of Governors of the Federal Reserve and the Florida Office of Financial Regulation.
USB
US$57.63
U.S. Bancorp
7D
3.9%
1Y
30.5%
PNC
US$233.94
PNC Financial Services Group
7D
3.0%
1Y
31.6%
TFC
US$50.68
Truist Financial
7D
3.1%
1Y
26.9%
C
US$138.07
Citigroup
7D
2.2%
1Y
76.5%
Narrative Update • Jun 07

C: Transformation And Capital Returns Will Support Higher Share Price Ahead

Analysts have adjusted their Citigroup price target from $150.00 to $167.09, reflecting updated assumptions around revenue growth, profit margins, and future P/E expectations. What's in the News CEO Jane Fraser's five year transformation has focused on simplifying Citigroup, cutting management layers, exiting 14 markets, and committing to 20,000 job reductions.
BCBP
US$10.95
BCB Bancorp
7D
-3.4%
1Y
40.2%
PNBK
US$0.94
Patriot National Bancorp
7D
-11.8%
1Y
-15.0%