Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

U.S. Banks Industry Analysis

UpdatedJan 23, 2026
DataAggregated Company Financials
Companies641
  • 7D0.4%
  • 3M7.4%
  • 1Y16.1%
  • YTD-1.7%

Last week, the Banks industry hasn't moved much but Nu Holdings is up 8.4% in that time. As for the the longer term, the industry is up 16% over the past 12 months. Earnings are forecast to grow by 9.4% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 23 Jan 2026US$2.8tUS$706.3bUS$194.2b12.1x14.3x3.9x
Sun, 21 Dec 2025US$2.8tUS$696.2bUS$192.4b11.9x14.7x4.1x
Tue, 18 Nov 2025US$2.6tUS$696.0bUS$192.4b10.9x13.6x3.8x
Thu, 16 Oct 2025US$2.6tUS$689.5bUS$188.7b11.6x13.9x3.8x
Sat, 13 Sep 2025US$2.7tUS$677.7bUS$183.9b11.8x14.6x4x
Mon, 11 Aug 2025US$2.5tUS$678.1bUS$183.7b11.2x13.6x3.7x
Wed, 09 Jul 2025US$2.6tUS$668.4bUS$177.0b11.9x14.6x3.9x
Fri, 06 Jun 2025US$2.3tUS$668.7bUS$177.1b11x13.2x3.5x
Sun, 04 May 2025US$2.3tUS$667.9bUS$176.6b11.1x12.8x3.4x
Tue, 01 Apr 2025US$2.2tUS$663.1bUS$172.0b11.2x13x3.4x
Thu, 27 Feb 2025US$2.4tUS$662.8bUS$171.9b11.7x13.9x3.6x
Sat, 25 Jan 2025US$2.5tUS$659.9bUS$167.6b12.3x14.8x3.8x
Mon, 23 Dec 2024US$2.3tUS$655.1bUS$143.0b12.4x16.2x3.5x
Wed, 20 Nov 2024US$2.4tUS$654.9bUS$143.0b12.8x17.1x3.7x
Fri, 18 Oct 2024US$2.2tUS$651.7bUS$143.5b12.1x15.7x3.5x
Sun, 15 Sep 2024US$2.1tUS$654.3bUS$145.7b11.5x14.2x3.2x
Tue, 13 Aug 2024US$2.0tUS$652.5bUS$145.4b10.9x13.9x3.1x
Thu, 11 Jul 2024US$2.1tUS$649.2bUS$149.5b10.1x13.7x3.2x
Sat, 08 Jun 2024US$2.0tUS$655.4bUS$151.1b9.6x13x3x
Mon, 06 May 2024US$2.0tUS$653.4bUS$159.8b9.7x12.3x3x
Wed, 03 Apr 2024US$2.0tUS$653.6bUS$166.1b9.5x12x3.1x
Fri, 01 Mar 2024US$1.9tUS$654.3bUS$168.8b9.4x11x2.8x
Sun, 28 Jan 2024US$1.8tUS$664.1bUS$172.9b10x10.7x2.8x
Tue, 26 Dec 2023US$1.8tUS$668.0bUS$195.5b9.5x9.3x2.7x
Thu, 23 Nov 2023US$1.6tUS$668.0bUS$195.5b8.5x8.3x2.4x
Sat, 21 Oct 2023US$1.5tUS$665.6bUS$196.0b7.7x7.5x2.2x
Mon, 18 Sep 2023US$1.6tUS$656.8bUS$191.7b8.1x8.2x2.4x
Wed, 16 Aug 2023US$1.6tUS$656.4bUS$191.4b8.4x8.4x2.5x
Fri, 14 Jul 2023US$1.6tUS$641.9bUS$184.0b8x8.8x2.5x
Sun, 11 Jun 2023US$1.6tUS$642.3bUS$184.2b7.9x8.5x2.4x
Tue, 09 May 2023US$1.5tUS$641.7bUS$174.7b7.5x8.3x2.3x
Thu, 06 Apr 2023US$1.5tUS$623.9bUS$165.4b8.3x8.9x2.4x
Sat, 04 Mar 2023US$1.8tUS$618.6bUS$163.8b9.5x11.2x3x
Mon, 30 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 6.0% per year over the last three years.
  • Revenues for these companies have grown 4.6% 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-0.28%
Financials-0.74%
Banks0.37%
Regional Banks2.08%
Diversified Banks-0.22%
Industry PE
  • Investors are most optimistic about the Regional Banks industry, which is trading close to its 3-year average PE ratio of 13.8x.
    • Analysts expect its future annual earnings growth (16.7%) to be largely in line with prior year's earnings growth.
  • Investors are most pessimistic about the Diversified Banks industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 11.8x.
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 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$18.008.4%
+US$6.7b		47.7%PB8.3x
USB U.S. BancorpUS$56.184.1%
+US$3.5b		16.0%PB1.5x
PNC PNC Financial Services GroupUS$222.003.2%
+US$2.3b		12.3%PB1.4x
BAP CredicorpUS$340.616.8%
+US$1.7b		86.9%PB2.5x
CFG Citizens Financial GroupUS$64.256.0%
+US$1.5b		35.7%PB1.1x

Latest News

HBAN
US$17.64
Huntington Bancshares
7D
-2.1%
1Y
2.6%
JPM
US$303.63
JPMorgan Chase
7D
-1.8%
1Y
14.2%
USB
US$56.18
U.S. Bancorp
7D
4.1%
1Y
16.0%

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.
CFG
US$64.25
Citizens Financial Group
7D
6.0%
1Y
35.7%
TFC
US$50.30
Truist Financial
7D
0.04%
1Y
7.6%
NU
US$18.00
Nu Holdings
7D
8.4%
1Y
47.7%
OZK
US$47.60
Bank OZK
7D
-1.9%
1Y
-6.4%

OZK: Dividend Track Record And Credit Outcomes Will Shape 2026 Upside

Narrative Update Analysts trimmed their price targets on Bank OZK and our fair value estimate moves from $67.00 to $64.00. Updated assumptions reflect slightly lower revenue growth, softer profit margins, a higher discount rate, and a modestly higher future P/E multiple.
FITB
US$50.89
Fifth Third Bancorp
7D
3.8%
1Y
16.1%
KEY
US$21.57
KeyCorp
7D
1.6%
1Y
23.5%

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$115.66
Citigroup
7D
-1.5%
1Y
41.1%

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).
WFC
US$88.04
Wells Fargo
7D
-1.0%
1Y
13.7%

Here's What Analysts Are Forecasting For Wells Fargo & Company (NYSE:WFC) After Its Annual Results

Jan 17
Here's What Analysts Are Forecasting For Wells Fargo & Company (NYSE:WFC) After Its Annual Results
RF
US$28.29
Regions Financial
7D
-0.8%
1Y
16.6%
PNC
US$222.00
PNC Financial Services Group
7D
3.2%
1Y
12.3%
BAC
US$52.45
Bank of America
7D
-0.3%
1Y
13.1%
FCNC.A
US$2,203.53
First Citizens BancShares
7D
2.0%
1Y
-0.6%

FCNC.A: Net Interest Income And Credit Trends Will Guide Balanced Return Expectations

Narrative Update Analysts have nudged their implied fair value estimate for First Citizens BancShares higher to about $2,350 from roughly $2,180, reflecting updated assumptions around discount rates, long term revenue and margins, following a mix of recent target hikes and trims across the Street. Analyst Commentary Recent research shows a split view on First Citizens BancShares, with some firms lifting targets and others trimming them, as they balance valuation, earnings power, and execution on growth initiatives.
BAP
US$340.61
Credicorp
7D
6.8%
1Y
86.9%

BAP: Stable Margins And Revenue Outlook Will Support A Fair Future Profile

Analysts have slightly increased their price target for Credicorp to about US$301 from roughly US$301, reflecting small adjustments to fair value, discount rate, revenue growth, profit margin and future P/E assumptions. Valuation Changes Fair Value: Updated slightly to around US$300.99 from about US$300.95, indicating only a very small change in the model output.