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U.S. Banks Industry Analysis

UpdatedApr 23, 2026
DataAggregated Company Financials
Companies624
  • 7D0.5%
  • 3M0.6%
  • 1Y34.3%
  • YTD-1.1%

In the last week, Banks has been flat. The past year has been better, since the industry has gained 34% in that time. Earnings are forecast to grow by 8.4% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 24 Apr 2026US$2.8tUS$722.7bUS$202.3b11.7x13.9x3.9x
Sun, 22 Mar 2026US$2.5tUS$707.1bUS$195.5b11x13x3.6x
Tue, 17 Feb 2026US$2.8tUS$708.2bUS$195.8b11.9x14.2x3.9x
Thu, 15 Jan 2026US$2.8tUS$701.5bUS$191.8b11.9x14.6x4x
Sat, 13 Dec 2025US$2.8tUS$696.0bUS$192.4b11.9x14.7x4x
Mon, 10 Nov 2025US$2.7tUS$695.4bUS$192.1b11.1x13.9x3.8x
Wed, 08 Oct 2025US$2.7tUS$678.0bUS$184.0b11.7x14.5x3.9x
Fri, 05 Sep 2025US$2.6tUS$677.9bUS$184.1b12x14.4x3.9x
Sun, 03 Aug 2025US$2.5tUS$678.2bUS$183.5b11.1x13.5x3.7x
Tue, 01 Jul 2025US$2.5tUS$668.9bUS$177.1b11.4x14.2x3.8x
Thu, 29 May 2025US$2.3tUS$668.5bUS$177.1b11.2x13.3x3.5x
Sat, 26 Apr 2025US$2.2tUS$667.7bUS$176.6b10.8x12.4x3.3x
Mon, 24 Mar 2025US$2.3tUS$663.0bUS$171.9b11.2x13.1x3.4x
Wed, 19 Feb 2025US$2.5tUS$662.2bUS$171.5b12.2x14.8x3.8x
Fri, 17 Jan 2025US$2.4tUS$663.5bUS$160.6b12.4x15.2x3.7x
Sun, 15 Dec 2024US$2.4tUS$655.1bUS$143.0b13x16.7x3.7x
Tue, 12 Nov 2024US$2.4tUS$654.4bUS$142.7b12.9x16.8x3.7x
Thu, 10 Oct 2024US$2.1tUS$654.4bUS$145.7b11.5x14.5x3.2x
Sat, 07 Sep 2024US$2.1tUS$653.0bUS$145.6b11.4x14.3x3.2x
Mon, 05 Aug 2024US$2.0tUS$652.3bUS$145.4b11.1x13.8x3.1x
Wed, 03 Jul 2024US$2.0tUS$649.2bUS$149.5b10.1x13.5x3.1x
Fri, 31 May 2024US$2.0tUS$655.4bUS$151.2b9.6x13.1x3x
Sun, 28 Apr 2024US$2.0tUS$653.6bUS$162.3b9.7x12.1x3x
Tue, 26 Mar 2024US$2.0tUS$654.2bUS$166.3b9.5x11.8x3x
Thu, 22 Feb 2024US$1.8tUS$652.8bUS$168.4b9.5x10.9x2.8x
Sat, 20 Jan 2024US$1.8tUS$666.6bUS$176.2b9.3x10.1x2.7x
Mon, 18 Dec 2023US$1.8tUS$667.8bUS$195.5b9.4x9.3x2.7x
Wed, 15 Nov 2023US$1.5tUS$667.4bUS$195.2b8.5x7.8x2.3x
Fri, 13 Oct 2023US$1.5tUS$656.7bUS$191.6b7.8x7.9x2.3x
Sun, 10 Sep 2023US$1.5tUS$656.8bUS$191.7b8x8x2.3x
Tue, 08 Aug 2023US$1.7tUS$656.3bUS$189.6b8.7x9x2.6x
Thu, 06 Jul 2023US$1.6tUS$641.8bUS$184.0b7.8x8.5x2.4x
Sat, 03 Jun 2023US$1.5tUS$642.2bUS$184.2b7.7x8.4x2.4x
Mon, 01 May 2023US$1.5tUS$641.4bUS$174.6b8.1x8.8x2.4x
Price to Earnings Ratio

8.8x


Total Market Cap: US$1.5tTotal Earnings: US$174.6bTotal Revenue: US$641.4bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Banks Industry Price to Earnings3Y Average 12.5x202420252026
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 13.9x which is higher than its 3-year average PE of 12.5x.
  • The 3-year average PS ratio of 3.2x 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 5.0% per year over the last three years.
  • Revenues for these companies have grown 4.1% 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 Market1.73%
Financials0.18%
Banks0.51%
Regional Banks0.56%
Diversified Banks0.49%
Industry PE
  • Investors are most optimistic about the Diversified Banks industry which is trading above its 3-year average PE ratio of 12.1x.
    • Analysts are expecting annual earnings growth of 6.4%, which is lower than the prior year's growth of 16.4% per year.
  • Investors are most pessimistic about the Regional Banks industry, which is trading close to its 3-year average of 14.1x.
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 22% per year.
  • 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$311.690.6%
+US$4.7b		27.4%PB2.4x
TFC Truist FinancialUS$51.404.0%
+US$2.7b		35.6%PB1.1x
PNC PNC Financial Services GroupUS$225.092.3%
+US$2.0b		40.9%PB1.4x
USB U.S. BancorpUS$56.632.1%
+US$1.8b		41.4%PB1.5x
FITB Fifth Third BancorpUS$50.892.8%
+US$1.3b		42.2%PB1.4x

Latest News

PNFP
US$99.08
Pinnacle Financial Partners
7D
6.4%
1Y
-1.3%
NIC
US$144.04
Nicolet Bankshares
7D
-7.3%
1Y
22.5%
HBAN
US$16.83
Huntington Bancshares
7D
1.6%
1Y
15.7%
C
US$128.51
Citigroup
7D
-0.6%
1Y
88.5%
EWBC
US$124.16
East West Bancorp
7D
7.1%
1Y
44.4%
USB
US$56.63
U.S. Bancorp
7D
2.1%
1Y
41.4%

USB: Capital Flexibility And Regulation Will Shape Future Earnings And Risk Profile

The analyst price target for U.S. Bancorp increases slightly to $62.95 from $62.55, as analysts incorporate updated assumptions for revenue growth, profit margins and forward P/E following a mix of recent price target increases and reductions across the Street. Analyst Commentary Recent research on U.S. Bancorp shows a mix of optimism and caution, with several firms adjusting price targets both higher and lower.
JPM
US$311.69
JPMorgan Chase
7D
0.6%
1Y
27.4%
BAP
US$323.49
Credicorp
7D
-4.9%
1Y
65.0%

BAP: Future Returns Will Rely On Dividend Policy And Board Leadership Decisions

Analysts have made a modest upward adjustment to their Credicorp price target, reflecting a slightly higher fair value at $353.99, along with small tweaks to the discount rate, revenue growth, profit margin, and forward P/E inputs. What's in the News A board meeting is scheduled for February 26, 2026, with agenda details yet to be disclosed.
TFC
US$51.40
Truist Financial
7D
4.0%
1Y
35.6%

TFC: Excess Capital And Tech Initiatives Are Expected To Support Balanced Future Returns

The updated analyst price target for Truist Financial edges slightly lower to $54.82 from $54.86, as analysts balance higher modeled revenue growth and a modestly higher future P/E with slightly softer profit margin assumptions and a lower discount rate. Analyst Commentary Recent research on Truist Financial shows a mix of optimism and caution, with several firms adjusting price targets in both directions and a few making rating changes.
WFC
US$80.51
Wells Fargo
7D
-0.9%
1Y
15.7%

WFC: Future Returns Will Reflect Repo Market Role And Capital Return Strength

Analyst models for Wells Fargo now point to a slightly lower implied price target of about $96, down from roughly $99. Analysts are factoring in sector wide valuation resets, modestly higher required returns and small tweaks to revenue growth, profit margins and future P/E assumptions.
PNC
US$225.09
PNC Financial Services Group
7D
2.3%
1Y
40.9%

PNC Financial: Not A Great Buy Right Now

Apr 19
FITB
US$50.89
Fifth Third Bancorp
7D
2.8%
1Y
42.2%
NU
US$14.46
Nu Holdings
7D
-6.3%
1Y
23.1%

NU: US Bank Charter Progress Will Support Long-Term Earnings Potential

Analysts kept their average price target for Nu Holdings unchanged at $22.00. They made small adjustments to underlying assumptions such as revenue growth, profit margin, discount rate, and future P/E, which resulted in no change to the overall target.
INTR
US$7.99
Inter & Co
7D
-5.6%
1Y
19.6%

INTR: Upcoming Governance Changes And Investor Day Will Support Earnings Repricing

Analysts have trimmed their 12 month price target for Inter & Co to $12.50, citing updated assumptions that keep fair value steady at $12.50 while reflecting slightly revised views on the discount rate, revenue growth, profit margin, and future P/E. What's in the News Inter & Co scheduled its 2026 Annual General Meeting for April 29, 2026, to be held virtually and at the company offices, with shareholders of record as of March 23, 2026 invited to participate (company filing).
BAC
US$52.47
Bank of America
7D
-1.9%
1Y
32.6%
CASH
US$87.66
Pathward Financial
7D
-9.6%
1Y
10.5%

CASH: Partner Wins And Tax Season Strength Will Support Fairly Priced Returns

Analysts have kept their average price target for Pathward Financial roughly unchanged at about $103.50, with recent research pointing to above peer returns, a below peer 10x 2026 P/E, and potential upside from partner wins and a strong Q1 tax season. Analyst Commentary Recent research focuses on how Pathward Financial’s return profile, valuation, and near term catalysts fit together, with most commentary pointing to a constructive setup but also highlighting a few areas to watch.