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U.S. Banks Industry Analysis

UpdatedApr 01, 2026
DataAggregated Company Financials
Companies632
  • 7D0.7%
  • 3M-6.5%
  • 1Y20.6%
  • YTD-7.5%

In the last week, Banks has been flat. As for the the longer term, the industry is up 21% over the past 12 months. Earnings are forecast to grow by 8.7% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 01 Apr 2026US$2.5tUS$707.1bUS$195.5b11.3x13x3.6x
Fri, 27 Feb 2026US$2.8tUS$707.6bUS$195.6b11.8x14.2x3.9x
Sun, 25 Jan 2026US$2.7tUS$707.9bUS$195.0b11.8x14x3.9x
Tue, 23 Dec 2025US$2.8tUS$696.2bUS$192.4b11.9x14.7x4.1x
Thu, 20 Nov 2025US$2.6tUS$695.9bUS$192.4b11.1x13.4x3.7x
Sat, 18 Oct 2025US$2.5tUS$691.0bUS$190.0b11.2x13.4x3.7x
Mon, 15 Sep 2025US$2.7tUS$677.7bUS$183.9b11.8x14.6x4x
Wed, 13 Aug 2025US$2.5tUS$678.1bUS$183.7b11.4x13.5x3.7x
Fri, 11 Jul 2025US$2.6tUS$668.4bUS$177.0b12x14.4x3.8x
Sun, 08 Jun 2025US$2.4tUS$668.6bUS$177.0b11.2x13.4x3.6x
Tue, 06 May 2025US$2.3tUS$667.9bUS$176.6b11.1x12.8x3.4x
Thu, 03 Apr 2025US$2.2tUS$662.4bUS$171.9b11.2x13x3.4x
Sat, 01 Mar 2025US$2.4tUS$662.8bUS$171.9b11.8x14x3.6x
Mon, 27 Jan 2025US$2.5tUS$660.5bUS$168.2b12.3x14.8x3.8x
Wed, 25 Dec 2024US$2.3tUS$655.1bUS$143.0b12.5x16.4x3.6x
Fri, 22 Nov 2024US$2.4tUS$654.9bUS$143.0b12.9x16.9x3.7x
Sun, 20 Oct 2024US$2.2tUS$651.4bUS$143.4b12x15.7x3.5x
Tue, 17 Sep 2024US$2.1tUS$654.3bUS$145.7b11.7x14.2x3.2x
Thu, 15 Aug 2024US$2.0tUS$653.0bUS$145.7b10.9x14x3.1x
Sat, 13 Jul 2024US$2.1tUS$649.3bUS$149.5b10.4x14x3.2x
Mon, 10 Jun 2024US$2.0tUS$655.4bUS$151.1b9.6x13.1x3x
Wed, 08 May 2024US$2.0tUS$653.4bUS$159.8b9.6x12.4x3x
Fri, 05 Apr 2024US$2.0tUS$653.6bUS$166.1b9.4x11.9x3x
Sun, 03 Mar 2024US$1.9tUS$654.2bUS$166.3b9.4x11.3x2.9x
Tue, 30 Jan 2024US$1.8tUS$664.1bUS$172.9b9.9x10.7x2.8x
Thu, 28 Dec 2023US$1.8tUS$668.2bUS$195.6b9.6x9.4x2.8x
Sat, 25 Nov 2023US$1.6tUS$668.0bUS$195.5b8.6x8.3x2.4x
Mon, 23 Oct 2023US$1.5tUS$665.6bUS$195.9b7.7x7.5x2.2x
Wed, 20 Sep 2023US$1.6tUS$656.8bUS$191.7b7.9x8.1x2.4x
Fri, 18 Aug 2023US$1.6tUS$656.8bUS$191.7b8.3x8.3x2.4x
Sun, 16 Jul 2023US$1.6tUS$652.5bUS$189.8b7.9x8.4x2.4x
Tue, 13 Jun 2023US$1.6tUS$642.3bUS$184.2b7.9x8.5x2.4x
Thu, 11 May 2023US$1.4tUS$641.7bUS$184.0b7.4x7.8x2.2x
Sat, 08 Apr 2023US$1.5tUS$623.8bUS$165.4b8.3x9x2.4x
Price to Earnings Ratio

9x


Total Market Cap: US$1.5tTotal Earnings: US$165.4bTotal Revenue: US$623.8bTotal 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-0.61%
Financials0.28%
Banks0.74%
Regional Banks1.17%
Diversified Banks0.59%
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 6.7%, 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 21% per year.
  • In contrast, the Diversified Banks industry is expected to see its earnings grow by 6.7% 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$49.271.1%
+US$3.7b		17.7%PB1.3x
TFC Truist FinancialUS$46.712.9%
+US$1.6b		12.4%PB1x
C CitigroupUS$115.300.7%
+US$1.4b		60.7%PB1x
USB U.S. BancorpUS$52.751.7%
+US$1.3b		22.6%PB1.4x
PNC PNC Financial Services GroupUS$209.241.6%
+US$1.3b		18.2%PB1.5x

Latest News

FIBK
US$33.55
First Interstate BancSystem
7D
-0.2%
1Y
16.8%
JPM
US$295.38
JPMorgan Chase
7D
-0.01%
1Y
20.2%
C
US$115.30
Citigroup
7D
0.7%
1Y
60.7%

C: Capital Actions And European Expansion Will Shape Future Earnings Quality

Analysts have trimmed their average price target on Citigroup to about $112.86 from roughly $114.04, reflecting updated assumptions for revenue growth, profit margins and future P/E multiples. What's in the News Citi has signed a long term lease for office space in The Rock, a new office building in Luxembourg’s Cloche d’Or district.
INTR
US$8.00
Inter & Co
7D
-6.3%
1Y
44.9%
SFBS
US$73.14
ServisFirst Bancshares
7D
-1.0%
1Y
-11.0%

SFBS: Q4 Beat And Upgrades Will Support Future Upside

Analysts have nudged their average 12 month price target for ServisFirst Bancshares to $93.67, with recent upgrades highlighting a Q4 beat, stronger growth trends, and improved conviction in the bank's outlook. Analyst Commentary Bullish Takeaways Bullish analysts point to the recent Q4 beat as support for raising their views on execution, suggesting the bank is delivering better than previously modeled on key operational metrics.
USB
US$52.75
U.S. Bancorp
7D
1.7%
1Y
22.6%
AGBK
US$7.17
AGI
7D
-6.8%
1Y
n/a
PNC
US$209.24
PNC Financial Services Group
7D
1.6%
1Y
18.2%

PNC: Higher Future P/E Could Reward Improving Regional Bank Sentiment

Analysts trimmed the PNC Financial Services Group fair value estimate by about $1 to $250.59, reflecting a slightly higher discount rate, an updated future P/E of about 16x, and recent Street research in which most firms raised long-term price targets while one firm reduced its target by $6. Analyst Commentary Recent Street research on PNC Financial Services Group shows a mix of optimism on valuation and growth, balanced by some caution on earnings quality and the sector backdrop.
CMTV
US$33.83
Community Bancorp
7D
-4.3%
1Y
93.0%
FITB
US$46.82
Fifth Third Bancorp
7D
2.2%
1Y
18.2%

FITB: Comerica Integration And Loan Trends Poised To Drive 2026 Profitability

Analysts have made a modest adjustment to the fair value estimate for Fifth Third Bancorp to $56.76 from $57.68, reflecting updated views on commercial and industrial loan trends, anticipated cost savings from the Comerica integration, and recent shifts in Street price targets, which now range from about $50 to $67. Analyst Commentary Recent Street research on Fifth Third Bancorp clusters around a generally constructive view on the shares, with differing opinions on how much upside remains relative to current fair value estimates.
BAC
US$49.27
Bank of America
7D
1.1%
1Y
17.7%

BAC: Net Interest Income And Expense Discipline Will Support Future Returns

Analysts have nudged the Bank of America price target slightly lower to about $61.77, reflecting a modestly reduced fair value estimate alongside updated assumptions on discount rate, profit margin, and future P/E after a mix of target raises and cuts across recent research. Analyst Commentary Recent Street research on Bank of America shows a mix of optimism and caution, with several firms adjusting price targets and ratings as they revisit assumptions on earnings power, profitability, and valuation multiples.
TFC
US$46.71
Truist Financial
7D
2.9%
1Y
12.4%

TFC: Excess Capital And Buybacks Are Expected To Lift Future Returns

The fair value estimate for Truist Financial has been adjusted slightly lower to $56.55 as analysts weigh higher discount rate assumptions against a series of recent upgrades and price target increases that highlight excess capital, buyback potential, and improving fundamentals. Analyst Commentary Recent Street research around Truist Financial centers on excess capital, buyback capacity, and potential for improving returns, with a growing cluster of upgrades and higher price targets.
WFC
US$80.57
Wells Fargo
7D
0.4%
1Y
11.5%

WFC: Future Returns Will Reflect ROTCE Expansion Despite Sector Multiple Pressure

The analyst price target on Wells Fargo has been trimmed slightly, reflecting a modest fair value adjustment to about $100.52 as analysts weigh mixed target changes across the Street and updated assumptions on profitability and sector valuations. Analyst Commentary Recent research on Wells Fargo points to a split view, with some analysts focusing on upside to earnings power and capital return, while others question how much of that story is already reflected in the share price.
HBAN
US$15.88
Huntington Bancshares
7D
2.2%
1Y
4.4%

HBAN: Loan Growth And Solid Credit Trends Will Support Future Upside

Analysts have trimmed the consolidated price target for Huntington Bancshares by $1 to around $20. The change reflects a mix of cautious updates around acquisition execution, geopolitical and macro risk, and continued interest in regional banks where capital and credit trends are viewed as solid.
BYFC
US$7.26
Broadway Financial
7D
-6.9%
1Y
3.6%
PNBK
US$1.26
Patriot National Bancorp
7D
-8.0%
1Y
-5.3%