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U.S. Banks Industry Analysis

UpdatedJul 08, 2026
DataAggregated Company Financials
Companies619
  • 7D2.8%
  • 3M10.1%
  • 1Y23.1%
  • YTD7.8%

The Banks industry is up 2.8% in the last week, with JPMorgan Chase up 3.6%. In the last 12 months, the industry was up 23%. Earnings are forecast to grow by 8.2% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 09 Jul 2026US$3.0tUS$728.4bUS$205.0b12.2x14.9x4.2x
Sat, 06 Jun 2026US$2.8tUS$728.5bUS$205.0b11.6x13.7x3.8x
Mon, 04 May 2026US$2.8tUS$727.6bUS$204.5b11.4x13.6x3.8x
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
Price to Earnings Ratio

8.4x


Total Market Cap: US$1.6tTotal Earnings: US$189.8bTotal Revenue: US$652.5bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Banks Industry Price to Earnings3Y Average 12.9x202420252026
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 14.9x which is higher than its 3-year average PE of 12.9x.
  • The 3-year average PS ratio of 3.3x is lower than the industry's current PS ratio of 4.2x.
Past Earnings Growth
  • The earnings for companies in the Banks industry have grown 2.6% per year over the last three years.
  • Revenues for these companies have grown 3.7% 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-0.65%
Financials3.89%
Banks2.80%
Diversified Banks3.57%
Regional Banks0.69%
Industry PE
  • Investors are most optimistic about the Diversified Banks industry which is trading above its 3-year average PE ratio of 12.5x.
    • Analysts are expecting annual earnings growth of 6.5%, 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 14.6x.
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 6.5% 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
INTR Inter & CoUS$5.571.5%
+US$35.3m		-21.0%PB1.2x
FRBT ForbrightUS$19.373.7%
+US$34.8m		n/aPB1.2x
RRBI Red River BancsharesUS$95.421.0%
+US$5.9m		48.2%PB1.7x
HFBL Home Federal Bancorp of LouisianaUS$22.909.1%
+US$5.6m		66.3%PB1.2x
UBCP United BancorpUS$16.624.7%
+US$4.3m		16.5%PB1.4x

Latest News

FLG
US$14.75
Flagstar Bank National Association
7D
-1.3%
1Y
31.0%
USB
US$62.89
U.S. Bancorp
7D
4.1%
1Y
32.0%
BAC
US$59.86
Bank of America
7D
5.1%
1Y
27.0%
JPM
US$339.22
JPMorgan Chase
7D
3.6%
1Y
20.0%
WFC
US$87.18
Wells Fargo
7D
5.5%
1Y
6.9%
PNC
US$254.01
PNC Financial Services Group
7D
3.2%
1Y
28.3%
Narrative Update • Jul 07

PNC: Branch Expansion And Capital Returns Will Shape Future Risk Reward Balance

PNC Financial Services Group's analyst price target has been revised modestly higher to about $262 from roughly $256, as analysts factor in updated assumptions for fair value, discount rate, revenue growth, profit margin and future P/E following a series of recent target increases across the Street. Analyst Commentary Recent research on PNC Financial Services Group highlights a cluster of higher price targets around upcoming earnings, with analysts focusing on how the bank executes through a higher-for-longer rate backdrop, loan growth, and potential industry transactions.
FITB
US$57.92
Fifth Third Bancorp
7D
2.7%
1Y
33.3%
C
US$140.77
Citigroup
7D
0.6%
1Y
64.5%
Narrative Update • Jul 06

C: Capital Returns And Digital Assets Will Support Higher Share Price Ahead

Analysts have raised their price target on Citigroup to $175.47 from $167.09, citing updated assumptions around fair value, discount rate, revenue growth, profit margin, and future P/E. What’s in the News for Citigroup Citigroup cleared the Federal Reserve’s 2026 stress test alongside other large U.S. banks, and in that context announced a multi year US$30b share repurchase program and a 12% quarterly dividend increase, highlighting its current capital position and plans to return cash to shareholders (source: Fed stress test coverage).
OZK
US$49.97
Bank OZK
7D
-4.1%
1Y
-3.8%
PB
US$72.01
Prosperity Bancshares
7D
-1.4%
1Y
-3.0%
FNB
US$18.87
F.N.B
7D
-1.1%
1Y
19.7%
TFC
US$51.36
Truist Financial
7D
3.1%
1Y
13.1%
Seeking Alpha • Jun 30

Truist Financial Preferreds Update: Hold Ratings Stay Even With Better Yields

Summary Truist Financial Corporation receives a Sell rating due to underwhelming total return despite offering the highest current yield among peers. All three TFC $25 par preferreds—Series I, O, and R—are non-cumulative, BBB- rated, past call, and offer yields between 6.2% and 6.5%. Preferred dividend coverage is robust at 16.6x net income, and common equity coverage of preferred par is a strong 12x. I kept the preferreds with a Hold rating.  While the yields are attractive and up from last fall, other regional banks still offer higher yields. Current market and rate dynamics favor fixed-rate preferreds with call protection, but TFC's preferreds offer low yields reflecting their safety and call risk. Read the full article on Seeking Alpha
AUB
US$41.57
Atlantic Union Bankshares
7D
-1.7%
1Y
24.8%
CUBI
US$76.66
Customers Bancorp
7D
-3.1%
1Y
19.8%
CNOB
US$32.20
ConnectOne Bancorp
7D
-3.7%
1Y
30.6%
BAP
US$386.47
Credicorp
7D
-0.8%
1Y
71.2%
Narrative Update • Jun 26

BAP: Upgraded Rating And Dividend Strength Will Support Future Upside

Analysts have revised their price target for Credicorp from $360 to $480, citing updated assumptions around fair value, discount rate, revenue growth, profit margin and future P/E. What’s in the News for Credicorp Zacks upgraded Credicorp (BAP) to a Rank #2 (Buy), citing growing optimism about its earnings outlook and an upward trend in earnings estimates.