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U.S. Banks Industry Analysis

UpdatedDec 24, 2025
DataAggregated Company Financials
Companies651
  • 7D2.3%
  • 3M7.0%
  • 1Y26.3%
  • YTD28.1%

Over the last 7 days, the Banks industry has risen 2.3%, driven by gains from JPMorgan Chase of 3.3%. This means that the industry has gained 26% over the past year. Looking forward, earnings are forecast to grow by 9.1% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 24 Dec 2025US$2.9tUS$696.2bUS$192.4b11.9x14.9x4.1x
Fri, 21 Nov 2025US$2.6tUS$695.9bUS$192.4b11x13.5x3.7x
Sun, 19 Oct 2025US$2.6tUS$691.8bUS$190.4b11.2x13.4x3.7x
Tue, 16 Sep 2025US$2.7tUS$677.7bUS$183.9b11.8x14.6x4x
Thu, 14 Aug 2025US$2.5tUS$677.8bUS$183.7b11.6x13.9x3.8x
Sat, 12 Jul 2025US$2.6tUS$668.4bUS$177.0b12x14.4x3.8x
Mon, 09 Jun 2025US$2.4tUS$668.6bUS$177.0b11.2x13.4x3.6x
Wed, 07 May 2025US$2.3tUS$667.9bUS$176.6b11x12.8x3.4x
Fri, 04 Apr 2025US$2.3tUS$662.4bUS$171.9b10.7x13.1x3.4x
Sun, 02 Mar 2025US$2.4tUS$662.8bUS$171.9b11.8x14.2x3.7x
Tue, 28 Jan 2025US$2.5tUS$661.6bUS$168.8b12.3x14.7x3.8x
Thu, 26 Dec 2024US$2.3tUS$655.1bUS$143.0b12.5x16.4x3.6x
Sat, 23 Nov 2024US$2.5tUS$654.9bUS$143.0b13.1x17.2x3.7x
Mon, 21 Oct 2024US$2.2tUS$651.4bUS$143.4b12x15.7x3.5x
Wed, 18 Sep 2024US$2.1tUS$653.7bUS$145.5b11.7x14.4x3.2x
Fri, 16 Aug 2024US$2.0tUS$653.1bUS$145.7b11.1x14.1x3.1x
Sun, 14 Jul 2024US$2.1tUS$661.4bUS$153.5b10.4x13.4x3.1x
Tue, 11 Jun 2024US$2.0tUS$655.5bUS$151.1b9.5x13x3x
Thu, 09 May 2024US$2.0tUS$653.2bUS$159.7b9.7x12.4x3x
Sat, 06 Apr 2024US$2.0tUS$653.7bUS$166.2b9.4x11.8x3x
Mon, 04 Mar 2024US$1.9tUS$654.2bUS$166.3b9.4x11.3x2.9x
Wed, 31 Jan 2024US$1.9tUS$662.9bUS$172.0b10x10.8x2.8x
Fri, 29 Dec 2023US$1.8tUS$668.2bUS$195.6b9.5x9.4x2.8x
Sun, 26 Nov 2023US$1.6tUS$668.0bUS$195.5b8.6x8.3x2.4x
Tue, 24 Oct 2023US$1.4tUS$665.5bUS$195.9b7.7x7.4x2.2x
Thu, 21 Sep 2023US$1.6tUS$656.8bUS$191.7b7.9x8.1x2.4x
Sat, 19 Aug 2023US$1.6tUS$656.8bUS$191.7b8.3x8.3x2.4x
Mon, 17 Jul 2023US$1.6tUS$652.5bUS$189.8b7.9x8.4x2.4x
Wed, 14 Jun 2023US$1.6tUS$642.3bUS$184.2b7.9x8.6x2.5x
Fri, 12 May 2023US$1.4tUS$641.7bUS$184.0b7.4x7.8x2.2x
Sun, 09 Apr 2023US$1.5tUS$624.0bUS$165.4b8.3x9x2.4x
Tue, 07 Mar 2023US$1.8tUS$617.8bUS$163.5b9.6x11.1x2.9x
Thu, 02 Feb 2023US$1.9tUS$616.8bUS$163.3b9.7x11.4x3x
Sat, 31 Dec 2022US$1.7tUS$611.6bUS$164.2b9.8x10.5x2.8x
Price to Earnings Ratio

10.5x


Total Market Cap: US$1.7tTotal Earnings: US$164.2bTotal Revenue: US$611.6bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Banks Industry Price to Earnings3Y Average 12.1x202320242025
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 12.1x.
  • The 3-year average PS ratio of 3.1x is lower than the industry's current PS ratio of 4.1x.
Past Earnings Growth
  • The earnings for companies in the Banks industry have grown 5.4% per year over the last three years.
  • Revenues for these companies have grown 4.4% 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 Market2.62%
Financials1.72%
Banks2.30%
Diversified Banks3.12%
Regional Banks-0.15%
Industry PE
  • Investors are most optimistic about the Diversified Banks industry which is trading above its 3-year average PE ratio of 11.7x.
    • Analysts are expecting annual earnings growth of 6.6%, which is lower than the prior year's growth of 28.9% per year.
  • Investors are most pessimistic about the Regional Banks industry, which is trading close to its 3-year average of 13.7x.
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 6.6% 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$325.933.3%
+US$28.3b		34.5%PB2.6x
C CitigroupUS$119.407.3%
+US$14.5b		68.2%PB1.1x
BAC Bank of AmericaUS$55.972.1%
+US$8.5b		26.1%PB1.5x
WFC Wells FargoUS$94.472.5%
+US$7.2b		32.0%PB1.8x
NU Nu HoldingsUS$16.763.5%
+US$2.7b		61.6%PB7.7x

Latest News

BAC
US$56.25
Bank of America
7D
3.1%
1Y
26.7%
USB
US$54.94
U.S. Bancorp
7D
2.2%
1Y
12.5%

USB: Improving Operating Leverage And Capital Returns Will Support Steady Performance Through 2026

Analysts have nudged our U.S. Bancorp fair value estimate higher to $57.50 from $55.63 as they factor in rising price targets, stronger fee and net interest income trends, and improving operating leverage that support slightly faster growth and a modestly richer future earnings multiple. Analyst Commentary Bullish analysts highlight that U.S. Bancorp is entering a period of stronger operating performance, with recent quarters showing positive operating leverage after years of pressure.
BAP
US$289.45
Credicorp
7D
5.0%
1Y
58.2%

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

Analysts have nudged their price target on Credicorp slightly higher to around $301 per share, reflecting marginally stronger expectations for revenue growth and a steady long term profitability outlook. Valuation Changes The fair value estimate has edged down slightly from about $300.97 to $300.95 per share, implying a negligible change in intrinsic valuation.
C
US$121.56
Citigroup
7D
9.1%
1Y
71.2%
JPM
US$329.17
JPMorgan Chase
7D
4.5%
1Y
35.8%

JPM: Strong ROTCE And Loan Growth Are Expected To Drive Upside

Analysts have raised their fair value estimate for JPMorgan Chase to $375 from $350. This reflects increased confidence in stronger revenue growth, resilient profitability, and sustained post-earnings momentum that supports higher price targets across the Street.
TOWN
US$34.02
TowneBank
7D
-4.5%
1Y
-1.6%
OZK
US$47.19
Bank OZK
7D
-2.4%
1Y
5.6%

OZK: Business Model Shift Will Likely Restrict Share Multiple Expansion

Analysts have modestly reduced their price target on Bank OZK, trimming fair value by about $2 to reflect higher discount rates, slower expected revenue growth and margins, and near term uncertainty around business model transition. At the same time, they highlight the potential for a higher future earnings multiple as diversification gains traction and the rate backdrop improves.
NU
US$16.74
Nu Holdings
7D
5.5%
1Y
61.4%

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$95.30
Wells Fargo
7D
2.9%
1Y
33.1%

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.
PNC
US$213.48
PNC Financial Services Group
7D
1.5%
1Y
10.0%
SSB
US$96.25
SouthState Bank
7D
-1.5%
1Y
-4.8%

SSB: Growing Loan Pipeline Will Sustain Earnings Momentum Despite Margin Headwinds

Analysts have nudged their consolidated fair value estimate for SouthState Bank slightly higher to approximately $114.11 from about $114.04, as modestly stronger projected revenue growth, stable profit margins, and resilient loan production continue to support longer term earnings power, despite a series of modest price target trims on near term net interest margin pressures. Analyst Commentary Bullish analysts note that, despite modest price target trims, the investment case for SouthState Bank remains supported by solid execution, particularly in loan production, fee income, and disciplined expense control, which together underpin the slightly higher fair value estimate.
RNST
US$36.25
Renasant
7D
-2.9%
1Y
1.6%
FLG
US$12.85
Flagstar Bank National Association
7D
-2.6%
1Y
40.7%
UBSI
US$39.56
United Bankshares
7D
-1.8%
1Y
3.2%
PRK
US$158.36
Park National
7D
-3.8%
1Y
-10.1%
IBOC
US$68.79
International Bancshares
7D
-3.2%
1Y
6.8%