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U.S. Banks Industry Analysis

UpdatedJun 07, 2026
DataAggregated Company Financials
Companies622
  • 7D3.1%
  • 3M8.5%
  • 1Y21.1%
  • YTD-0.6%

The Banks industry is up 3.1% in the last week, with JPMorgan Chase up 4.4%. During this same period, the Nu Holdings underperformed, falling 8.8%. This takes the industry's 12 month performance to a gain of 21%. As for the next few years, earnings are expected to grow by 8.1% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 07 Jun 2026US$2.8tUS$728.5bUS$205.0b11.6x13.7x3.8x
Tue, 05 May 2026US$2.8tUS$727.6bUS$204.5b11.3x13.6x3.8x
Thu, 02 Apr 2026US$2.6tUS$707.0bUS$195.7b11.4x13.4x3.7x
Sat, 28 Feb 2026US$2.8tUS$707.7bUS$195.7b11.4x14.3x3.9x
Mon, 26 Jan 2026US$2.7tUS$707.9bUS$195.0b11.8x14x3.9x
Wed, 24 Dec 2025US$2.9tUS$696.2bUS$192.4b11.9x14.9x4.1x
Fri, 21 Nov 2025US$2.6tUS$695.9bUS$192.4b11x13.5x3.7x
Sun, 19 Oct 2025US$2.6tUS$691.8bUS$190.4b11.2x13.4x3.7x
Tue, 16 Sep 2025US$2.7tUS$677.7bUS$183.9b11.8x14.6x4x
Thu, 14 Aug 2025US$2.5tUS$677.8bUS$183.7b11.6x13.9x3.8x
Sat, 12 Jul 2025US$2.6tUS$668.4bUS$177.0b12x14.4x3.8x
Mon, 09 Jun 2025US$2.4tUS$668.6bUS$177.0b11.2x13.4x3.6x
Wed, 07 May 2025US$2.3tUS$667.9bUS$176.6b11x12.8x3.4x
Fri, 04 Apr 2025US$2.3tUS$662.4bUS$171.9b10.7x13.1x3.4x
Sun, 02 Mar 2025US$2.4tUS$662.8bUS$171.9b11.8x14.2x3.7x
Tue, 28 Jan 2025US$2.5tUS$661.6bUS$168.8b12.3x14.7x3.8x
Thu, 26 Dec 2024US$2.3tUS$655.1bUS$143.0b12.5x16.4x3.6x
Sat, 23 Nov 2024US$2.5tUS$654.9bUS$143.0b13.1x17.2x3.7x
Mon, 21 Oct 2024US$2.2tUS$651.4bUS$143.4b12x15.7x3.5x
Wed, 18 Sep 2024US$2.1tUS$653.7bUS$145.5b11.7x14.4x3.2x
Fri, 16 Aug 2024US$2.0tUS$653.1bUS$145.7b11.1x14.1x3.1x
Sun, 14 Jul 2024US$2.1tUS$661.4bUS$153.5b10.4x13.4x3.1x
Tue, 11 Jun 2024US$2.0tUS$655.5bUS$151.1b9.5x13x3x
Thu, 09 May 2024US$2.0tUS$653.2bUS$159.7b9.7x12.4x3x
Sat, 06 Apr 2024US$2.0tUS$653.7bUS$166.2b9.4x11.8x3x
Mon, 04 Mar 2024US$1.9tUS$654.2bUS$166.3b9.4x11.3x2.9x
Wed, 31 Jan 2024US$1.9tUS$662.9bUS$172.0b10x10.8x2.8x
Fri, 29 Dec 2023US$1.8tUS$668.2bUS$195.6b9.5x9.4x2.8x
Sun, 26 Nov 2023US$1.6tUS$668.0bUS$195.5b8.6x8.3x2.4x
Tue, 24 Oct 2023US$1.4tUS$665.5bUS$195.9b7.7x7.4x2.2x
Thu, 21 Sep 2023US$1.6tUS$656.8bUS$191.7b7.9x8.1x2.4x
Sat, 19 Aug 2023US$1.6tUS$656.8bUS$191.7b8.3x8.3x2.4x
Mon, 17 Jul 2023US$1.6tUS$652.5bUS$189.8b7.9x8.4x2.4x
Wed, 14 Jun 2023US$1.6tUS$642.3bUS$184.2b7.9x8.6x2.5x
Price to Earnings Ratio

8.6x


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 3.8x.
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-2.79%
Financials0.65%
Banks3.07%
Diversified Banks3.81%
Regional Banks1.07%
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
JPM JPMorgan ChaseUS$312.374.4%
+US$35.0b		17.6%PB2.4x
BAC Bank of AmericaUS$53.834.3%
+US$15.8b		19.7%PB1.4x
WFC Wells FargoUS$81.945.7%
+US$13.5b		7.3%PB1.5x
C CitigroupUS$132.475.2%
+US$11.2b		69.3%PB1.2x
PNC PNC Financial Services GroupUS$228.373.3%
+US$2.9b		27.8%PB1.6x

Latest News

INTR
US$5.67
Inter & Co
7D
-8.1%
1Y
-18.7%
BAC
US$53.83
Bank of America
7D
4.3%
1Y
19.7%
Seeking Alpha • 22h

My Bullish Call On Bank of America Aligns With Its Seeking Alpha Quant Rating (Technical Analysis)

Summary Bank of America exhibits a bullish technical setup, supported by strong price action, momentum, and institutional volume accumulation. Despite a D+ valuation grade, I prioritize trend-following signals and BAC’s Quant Rating, which ranks it #1 among diversified banks. BAC’s price remains above its 30-week EMA, with both short-term and long-term momentum indicators signaling continued strength. Relative strength versus the S&P 500 is improving since March, though further outperformance is needed to confirm leadership. Read the full article on Seeking Alpha
TFC
US$49.20
Truist Financial
7D
2.1%
1Y
21.0%
NU
US$11.97
Nu Holdings
7D
-8.8%
1Y
-1.5%
PNFP
US$96.31
Pinnacle Financial Partners
7D
-1.5%
1Y
-10.9%
Narrative Update • Jun 05

PNFP: Loan Expansion Outlook Will Support Confidence In Future Earnings Power

Analysts have nudged the price target for Pinnacle Financial Partners higher to $116.79, citing the stock's valuation discount, recent initiations and target hikes clustered around $115, and confidence in the bank's ability to deliver above average organic growth and high single digit loan expansion. Analyst Commentary Recent research has centered on how Pinnacle Financial Partners balances its valuation discount with expectations for organic growth and loan expansion.
PNC
US$228.37
PNC Financial Services Group
7D
3.3%
1Y
27.8%
Narrative Update • Jun 05

PNC: FirstBank Integration And Buybacks Will Support Richer Future Multiple

Analysts have inched their price targets for PNC Financial Services Group higher, with the updated fair value estimate rising by about $1 to $255.21. This reflects refreshed assumptions around modestly higher revenue growth, slightly stronger profit margins, and a small adjustment to the future P/E and discount rate after a series of recent target changes across major research firms.
C
US$132.47
Citigroup
7D
5.2%
1Y
69.3%
WFC
US$81.94
Wells Fargo
7D
5.7%
1Y
7.3%
Narrative Update • Jun 05

WFC: Future Returns Will Reflect Repo Role And Post Cap Removal Execution

Analysts have trimmed the Wells Fargo price target slightly, with the model update pointing to a modestly lower fair value of about $96. Recent research reflects mixed rating changes, a higher assumed discount rate, and a somewhat richer forward P/E.
JPM
US$312.37
JPMorgan Chase
7D
4.4%
1Y
17.6%
FITB
US$52.01
Fifth Third Bancorp
7D
4.2%
1Y
32.0%
BAP
US$322.50
Credicorp
7D
-5.9%
1Y
48.2%
UMBF
US$129.92
UMB Financial
7D
-1.0%
1Y
24.0%
USB
US$55.69
U.S. Bancorp
7D
1.5%
1Y
24.4%
WBS
US$72.27
Webster Financial
7D
-0.6%
1Y
34.6%
Narrative Update • May 31

WBS: Santander Deal Risks And Mixed Ratings Will Shape Future Outlook

Narrative Update: Analyst View on Webster Financial The updated analyst price target for Webster Financial edges up by about $0.54 to $74.29, as analysts weigh recent target cuts, a new Neutral initiation, and a downgrade, alongside assumptions for slightly higher revenue growth, profit margins, and discount rates, as well as a modestly lower future P/E multiple. Analyst Commentary Recent Street research on Webster Financial reveals a mix of optimism around deal terms and caution around deal risk and valuation, which feeds into the updated price target assumptions.
AGBK
US$6.71
AGI
7D
-6.8%
1Y
n/a
New Narrative • May 29

Hybrid Platform And Payroll Credit Expansion Will Support Stronger Earnings Power

Catalysts About AGI Agi is a Brazilian financial institution focused on a hybrid platform that combines technology, data, artificial intelligence and physical presence to offer credit, deposits and fee based financial services. What are the underlying business or industry changes driving this perspective?
NIC
US$137.28
Nicolet Bankshares
7D
-2.1%
1Y
16.3%