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U.S. Banks Industry Analysis

UpdatedJan 06, 2026
DataAggregated Company Financials
Companies646
  • 7D2.8%
  • 3M12.6%
  • 1Y28.0%
  • YTD2.3%

In the last week, the Banks industry is up 2.8%, with JPMorgan Chase up 3.3%. This takes the industry's 12 month performance to a gain of 28%. As for the next few years, earnings are expected to grow by 8.7% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 06 Jan 2026US$2.9tUS$693.7bUS$191.7b11.8x15.2x4.2x
Thu, 04 Dec 2025US$2.7tUS$695.9bUS$192.3b11.6x14x3.9x
Sat, 01 Nov 2025US$2.6tUS$695.4bUS$192.1b11.1x13.7x3.8x
Mon, 29 Sep 2025US$2.7tUS$677.7bUS$183.9b11.9x14.9x4x
Wed, 27 Aug 2025US$2.6tUS$678.7bUS$184.0b11.8x14.2x3.9x
Fri, 25 Jul 2025US$2.6tUS$676.1bUS$182.6b11.6x14.3x3.9x
Sun, 22 Jun 2025US$2.4tUS$668.9bUS$177.1b11x13.4x3.6x
Tue, 20 May 2025US$2.4tUS$668.4bUS$177.0b11.4x13.5x3.6x
Thu, 17 Apr 2025US$2.1tUS$666.2bUS$168.8b10.6x12.3x3.1x
Sat, 15 Mar 2025US$2.1tUS$695.8bUS$179.9b11.2x11.9x3.1x
Mon, 10 Feb 2025US$2.5tUS$662.0bUS$171.5b12.1x14.9x3.8x
Wed, 08 Jan 2025US$2.3tUS$654.6bUS$143.4b12.2x16.4x3.6x
Fri, 06 Dec 2024US$2.4tUS$655.1bUS$143.0b13.1x17.1x3.7x
Sun, 03 Nov 2024US$2.2tUS$654.1bUS$142.6b11.8x15.6x3.4x
Tue, 01 Oct 2024US$2.1tUS$654.5bUS$145.7b11.6x14.5x3.2x
Thu, 29 Aug 2024US$2.2tUS$653.0bUS$145.7b11.7x14.8x3.3x
Sat, 27 Jul 2024US$2.2tUS$652.7bUS$145.6b11.8x14.8x3.3x
Mon, 24 Jun 2024US$2.0tUS$655.4bUS$151.1b9.6x12.9x3x
Wed, 22 May 2024US$2.0tUS$655.4bUS$151.2b9.9x13.2x3.1x
Fri, 19 Apr 2024US$1.9tUS$654.4bUS$162.1b9.2x11.5x2.9x
Sun, 17 Mar 2024US$1.9tUS$654.2bUS$166.3b9.4x11.5x2.9x
Tue, 13 Feb 2024US$1.8tUS$652.8bUS$168.4b9.6x10.8x2.8x
Thu, 11 Jan 2024US$1.8tUS$668.2bUS$195.6b9.2x9.4x2.7x
Sat, 09 Dec 2023US$1.7tUS$667.7bUS$195.4b8.9x8.7x2.5x
Mon, 06 Nov 2023US$1.5tUS$666.2bUS$195.2b8.3x7.9x2.3x
Wed, 04 Oct 2023US$1.5tUS$656.7bUS$191.6b7.7x7.8x2.3x
Fri, 01 Sep 2023US$1.6tUS$656.9bUS$191.7b8.1x8.2x2.4x
Sun, 30 Jul 2023US$1.7tUS$655.0bUS$189.2b8.6x9x2.6x
Tue, 27 Jun 2023US$1.5tUS$642.3bUS$184.2b7.7x8.2x2.4x
Thu, 25 May 2023US$1.5tUS$642.2bUS$184.2b7.6x8.1x2.3x
Sat, 22 Apr 2023US$1.6tUS$640.2bUS$174.2b8.2x8.9x2.4x
Mon, 20 Mar 2023US$1.5tUS$624.0bUS$165.4b8.6x9x2.4x
Wed, 15 Feb 2023US$1.9tUS$616.9bUS$163.4b9.7x11.5x3x
Fri, 13 Jan 2023US$1.8tUS$611.7bUS$164.2b9.8x11x2.9x
Price to Earnings Ratio

11x


Total Market Cap: US$1.8tTotal Earnings: US$164.2bTotal Revenue: US$611.7bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Banks Industry Price to Earnings3Y Average 12.1x202420252026
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 15.2x which is higher than its 3-year average PE of 12.1x.
  • The 3-year average PS ratio of 3.1x 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 5.3% 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 Market0.48%
Financials1.81%
Banks2.83%
Diversified Banks3.21%
Regional Banks1.63%
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 6.4%, which is lower than the prior year's growth of 28.8% 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 17% 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 6.4% 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$334.043.3%
+US$28.9b		37.4%PB2.7x
BAC Bank of AmericaUS$56.892.9%
+US$11.8b		23.5%PB1.5x
C CitigroupUS$123.305.2%
+US$10.9b		67.3%PB1.1x
WFC Wells FargoUS$96.382.2%
+US$6.5b		34.6%PB1.8x
NU Nu HoldingsUS$17.946.3%
+US$5.1b		60.8%PB8.2x

Latest News

OCFC
US$17.70
OceanFirst Financial
7D
-3.2%
1Y
-1.2%
PNC
US$215.80
PNC Financial Services Group
7D
2.2%
1Y
10.8%
C
US$123.30
Citigroup
7D
5.2%
1Y
67.3%

C: Future Reorganization And Goodwill Charges Will Undermine Earnings Quality

Analysts have raised their price target on Citigroup to around $96 from about $76, citing updated assumptions that include a higher discount rate, a slightly lower revenue growth outlook, a higher profit margin, and a modestly lower expected future P/E multiple. What's in the News Citi created a new 6.625% Fixed Rate Reset Noncumulative Preferred Stock, Series HH, by filing a Certificate of Designations in Delaware.
PNFP
US$96.95
Pinnacle Financial Partners
7D
-1.1%
1Y
-15.1%
TFC
US$50.48
Truist Financial
7D
1.9%
1Y
14.8%
FCBC
US$32.80
First Community Bankshares
7D
-2.6%
1Y
-18.4%
FFIC
US$14.88
Flushing Financial
7D
-3.3%
1Y
3.0%
JPM
US$334.04
JPMorgan Chase
7D
3.3%
1Y
37.4%
BAC
US$56.89
Bank of America
7D
2.9%
1Y
23.5%

BAC: Future Capital Returns And Macro Tailwinds Will Support Balanced Risk Reward Outlook

Analysts have nudged our Bank of America fair value estimate higher to approximately $59.65 from about $58.98. This reflects a series of upward price target revisions that highlight solid revenue growth, improved net interest income expectations, and one of the more attractive risk and reward profiles among large universal banks.
PFBC
US$96.11
Preferred Bank
7D
-2.0%
1Y
11.7%

Preferred Bank's (NASDAQ:PFBC) Shareholders Will Receive A Bigger Dividend Than Last Year

Dec 27
Preferred Bank's (NASDAQ:PFBC) Shareholders Will Receive A Bigger Dividend Than Last Year
USB
US$55.49
U.S. Bancorp
7D
2.2%
1Y
13.9%
BANF
US$107.16
BancFirst
7D
-0.8%
1Y
-6.8%
NU
US$17.94
Nu Holdings
7D
6.3%
1Y
60.8%

NU: U.S. Bank Charter Pursuit Will Support Long-Term Earnings Power

Analysts have raised their price target on Nu Holdings from 20 dollars to 22 dollars per share, citing expectations for stronger revenue growth and a modestly higher future earnings multiple, which are partially offset by slightly lower projected profit margins. What's in the News Nubank has applied for a national bank charter with the U.S. Office of the Comptroller of the Currency (OCC), aiming to evolve its regional Latin American platform into a global model and expand its presence in the U.S. market (company announcement).
WFC
US$96.38
Wells Fargo
7D
2.2%
1Y
34.6%

WFC: Future Returns Will Reflect Fee Strength Amid Ongoing Execution Risks

We raise our Wells Fargo price target modestly to $94.50 from $93.71, reflecting analysts' increased confidence in fee driven earnings strength, improving profitability metrics, and higher medium term return targets following a series of post Q3 estimate and target upgrades. Analyst Commentary Recent Street research indicates a generally constructive stance on Wells Fargo, with a series of price target increases following the Q3 print.
FLG
US$12.42
Flagstar Bank National Association
7D
-1.7%
1Y
34.6%
PNBK
US$1.61
Patriot National Bancorp
7D
-11.5%
1Y
-17.4%