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U.S. Banks Industry Analysis

UpdatedJan 24, 2026
DataAggregated Company Financials
Companies642
  • 7D-1.9%
  • 3M5.3%
  • 1Y13.7%
  • YTD-3.6%

Over the last 7 days, the Banks industry has dropped 1.9%, driven by JPMorgan Chase declining 4.7%. In contrast, Nu Holdings has gained 8.7%. Over the past 12 months, the industry was up 14%. Earnings are forecast to grow by 9.2% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 24 Jan 2026US$2.8tUS$707.9bUS$195.0b11.8x14.3x3.9x
Mon, 22 Dec 2025US$2.8tUS$696.2bUS$192.4b11.9x14.7x4.1x
Wed, 19 Nov 2025US$2.6tUS$695.9bUS$192.4b11x13.3x3.7x
Fri, 17 Oct 2025US$2.6tUS$689.6bUS$188.7b11.2x14x3.8x
Sun, 14 Sep 2025US$2.7tUS$677.7bUS$183.9b11.8x14.6x4x
Tue, 12 Aug 2025US$2.5tUS$678.1bUS$183.7b11.2x13.6x3.7x
Thu, 10 Jul 2025US$2.6tUS$668.4bUS$177.0b12x14.4x3.8x
Sat, 07 Jun 2025US$2.3tUS$668.6bUS$177.0b11.2x13.2x3.5x
Mon, 05 May 2025US$2.3tUS$667.9bUS$176.6b11.1x12.8x3.4x
Wed, 02 Apr 2025US$2.2tUS$662.4bUS$171.9b11.1x13.1x3.4x
Fri, 28 Feb 2025US$2.4tUS$662.8bUS$171.9b11.8x14x3.6x
Sun, 26 Jan 2025US$2.5tUS$660.5bUS$168.2b12.3x14.8x3.8x
Tue, 24 Dec 2024US$2.3tUS$655.1bUS$143.0b12.4x16.2x3.5x
Thu, 21 Nov 2024US$2.4tUS$655.0bUS$143.0b12.8x17x3.7x
Sat, 19 Oct 2024US$2.3tUS$651.3bUS$143.4b12x15.7x3.5x
Mon, 16 Sep 2024US$2.1tUS$654.3bUS$145.7b11.5x14.2x3.2x
Wed, 14 Aug 2024US$2.0tUS$652.4bUS$145.4b10.9x13.8x3.1x
Fri, 12 Jul 2024US$2.1tUS$649.2bUS$149.5b10.4x13.8x3.2x
Sun, 09 Jun 2024US$2.0tUS$655.4bUS$151.1b9.6x13.1x3x
Tue, 07 May 2024US$2.0tUS$653.4bUS$159.8b9.8x12.4x3x
Thu, 04 Apr 2024US$2.0tUS$653.6bUS$166.1b9.4x11.9x3x
Sat, 02 Mar 2024US$1.9tUS$654.3bUS$168.8b9.4x11.1x2.9x
Mon, 29 Jan 2024US$1.8tUS$664.1bUS$172.9b10x10.7x2.8x
Wed, 27 Dec 2023US$1.8tUS$668.0bUS$195.5b9.6x9.3x2.7x
Fri, 24 Nov 2023US$1.6tUS$668.0bUS$195.5b8.5x8.2x2.4x
Sun, 22 Oct 2023US$1.5tUS$665.6bUS$196.0b7.7x7.5x2.2x
Tue, 19 Sep 2023US$1.6tUS$656.9bUS$191.7b8x8.2x2.4x
Thu, 17 Aug 2023US$1.6tUS$656.8bUS$191.7b8.3x8.3x2.4x
Sat, 15 Jul 2023US$1.6tUS$652.5bUS$189.8b7.9x8.4x2.5x
Mon, 12 Jun 2023US$1.6tUS$642.3bUS$184.2b7.9x8.5x2.4x
Wed, 10 May 2023US$1.4tUS$641.8bUS$174.7b7.5x8.3x2.3x
Fri, 07 Apr 2023US$1.5tUS$623.8bUS$165.4b8.3x9x2.4x
Sun, 05 Mar 2023US$1.8tUS$614.6bUS$163.7b9.5x11.2x3x
Tue, 31 Jan 2023US$1.8tUS$616.5bUS$163.2b9.6x11.2x3x
Price to Earnings Ratio

11.2x


Total Market Cap: US$1.8tTotal Earnings: US$163.2bTotal Revenue: US$616.5bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Banks Industry Price to Earnings3Y Average 12.2x202420252026
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 14.3x which is higher than its 3-year average PE of 12.2x.
  • The 3-year average PS ratio of 3.1x 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 6.1% per year over the last three years.
  • Revenues for these companies have grown 4.7% 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 Market-0.39%
Financials-2.26%
Banks-1.94%
Regional Banks-0.26%
Diversified Banks-2.52%
Industry PE
  • Investors are most optimistic about the Diversified Banks industry which is trading above its 3-year average PE ratio of 11.8x.
    • Analysts are expecting annual earnings growth of 7.0%, which is lower than the prior year's growth of 12.0% per year.
  • Investors are most pessimistic about the Regional Banks industry, which is trading close to its 3-year average of 13.8x.
Forecasted Growth
  • Analysts are most optimistic on the Regional Banks industry, expecting annual earnings growth of 16% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Diversified Banks industry is expected to see its earnings grow by 7.0% 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
NU Nu HoldingsUS$18.048.7%
+US$7.0b		46.2%PB8.3x
BAP CredicorpUS$344.337.0%
+US$1.8b		89.6%PB2.5x
USB U.S. BancorpUS$55.472.0%
+US$1.7b		13.0%PB1.5x
FITB Fifth Third BancorpUS$50.743.2%
+US$1.1b		14.8%PB1.7x
CFG Citizens Financial GroupUS$62.643.0%
+US$766.4m		32.0%PB1.1x

Latest News

JPM
US$297.72
JPMorgan Chase
7D
-4.7%
1Y
12.4%
HBAN
US$17.35
Huntington Bancshares
7D
-3.7%
1Y
0.9%
FCNC.A
US$2,016.56
First Citizens BancShares
7D
-7.0%
1Y
-9.4%
FITB
US$50.74
Fifth Third Bancorp
7D
3.2%
1Y
14.8%
NU
US$18.04
Nu Holdings
7D
8.7%
1Y
46.2%

NU: Fair Outlook As Global Racing Partnership Aims To Lift Brand Profile

Analysts have raised their price target for Nu Holdings from US$9.35 to US$17.00, citing updated expectations for revenue growth, profit margins and a slightly higher assumed future P/E multiple. What's in the News Nu and the Mercedes-AMG PETRONAS F1 Team agreed to a new multi-year partnership, with Nu becoming an Official Team Partner ahead of the 2026 FIA Formula One World Championship Season.
BAP
US$344.33
Credicorp
7D
7.0%
1Y
89.6%

BAP: Stable Outlook Will Rely On Digital Progress And Steady Profitability

Analysts have nudged their price target on Credicorp higher to about US$314 from roughly US$301, citing updated model inputs around revenue growth, profit margins and future P/E assumptions that slightly shift the valuation range. What's in the News Tenpo, Credicorp's digital banking subsidiary in Chile, received operating authorization from the Comisión para el Mercado Financiero, the country's financial markets regulator (Key Developments).
WFC
US$86.96
Wells Fargo
7D
-1.6%
1Y
12.5%

WFC: Future Returns Will Reflect ROTCE Expansion And Capital Return Capacity

Analysts have adjusted their price targets on Wells Fargo in a tight range, with an updated fair value estimate of US$100.44 reflecting a blend of recent target raises and trims as they factor in revised revenue growth, profit margins, and future P/E assumptions. Analyst Commentary Recent research on Wells Fargo reflects a mix of optimism and caution, with price targets adjusted both higher and lower as analysts refine their views on earnings power, valuation, and execution through 2026.
USB
US$55.47
U.S. Bancorp
7D
2.0%
1Y
13.0%

USB: Higher Capital Returns And Capital Markets Expansion Will Support Steady Outlook

Analysts nudged their price targets for U.S. Bancorp higher after updating models that now point to a fair value of about $62.16. This figure is supported by slightly adjusted discount rates, a higher assumed revenue growth outlook, a somewhat lower profit margin assumption, and a modestly higher future P/E multiple.
INTR
US$9.31
Inter & Co
7D
14.0%
1Y
87.3%

INTR: Florida Digital Banking Expansion Will Support Higher Future Earnings Multiple

Analysts have nudged their price target on Inter & Co up from US$11.30 to US$11.50, linking this modest change to slightly adjusted assumptions on the discount rate, revenue growth, profit margin, and future P/E multiples. What's in the News Inter received regulatory approval from the Florida Office of Financial Regulation and the Federal Reserve to establish a state licensed international banking branch in Florida, centered in Miami (Key Developments).
CFG
US$62.64
Citizens Financial Group
7D
3.0%
1Y
32.0%
TFC
US$49.57
Truist Financial
7D
-0.8%
1Y
5.5%
CMA
US$94.66
Comerica
7D
3.3%
1Y
49.6%
KEY
US$21.10
KeyCorp
7D
-0.3%
1Y
19.3%

KEY: Future Earnings Tailwinds And Activism Tensions Will Shape Upside Potential

Analysts have nudged their fair value estimate for KeyCorp up from about US$22.80 to roughly US$24.00 per share. This reflects updated assumptions on revenue growth, profit margins, and future P/E multiples, informed by recent price target hikes from several research firms alongside a more cautious view from others.
C
US$113.59
Citigroup
7D
-3.8%
1Y
39.4%

C: Future Buybacks And Impairment Charges Will Shape Earnings Quality

Analysts have lifted their fair value estimate for Citigroup from about US$95.74 to around US$111.68, citing updated assumptions for revenue growth, profit margin, and a lower future P/E multiple as key drivers of the change. What's in the News Citi is considering additional stake sales in its Mexican retail banking unit Banamex, after closing the sale of a 25% stake to Mexican investor Fernando Chico Pardo in mid December, while continuing preparations for a public sale of its remaining shares (Key Developments).
PNC
US$219.39
PNC Financial Services Group
7D
-1.7%
1Y
10.0%
BAC
US$51.72
Bank of America
7D
-2.4%
1Y
11.2%