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U.S. Banks Industry Analysis

UpdatedSep 12, 2025
DataAggregated Company Financials
Companies649
  • 7D-0.04%
  • 3M16.3%
  • 1Y33.6%
  • YTD18.1%

The Banks industry has been flat over the last week, but Truist Financial has lost 3.8%. The past year has been better, since the industry has gained 32% in that time. Earnings are forecast to grow by 8.7% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 12 Sep 2025US$2.7tUS$677.7bUS$183.9b11.9x14.4x3.9x
Sun, 10 Aug 2025US$2.5tUS$678.1bUS$183.7b11.2x13.6x3.7x
Tue, 08 Jul 2025US$2.6tUS$668.4bUS$177.0b11.9x14.8x3.9x
Thu, 05 Jun 2025US$2.4tUS$668.7bUS$177.1b11x13.3x3.5x
Sat, 03 May 2025US$2.2tUS$667.9bUS$176.6b11.1x12.5x3.3x
Mon, 31 Mar 2025US$2.2tUS$663.1bUS$172.0b11.2x13x3.4x
Wed, 26 Feb 2025US$2.4tUS$662.1bUS$171.5b11.7x14.1x3.6x
Fri, 24 Jan 2025US$2.5tUS$660.4bUS$168.1b12.3x14.7x3.7x
Sun, 22 Dec 2024US$2.3tUS$655.1bUS$143.0b12.4x16.2x3.5x
Tue, 19 Nov 2024US$2.4tUS$654.9bUS$143.0b12.8x17.1x3.7x
Thu, 17 Oct 2024US$2.2tUS$652.3bUS$143.9b12x15.5x3.4x
Sat, 14 Sep 2024US$2.1tUS$654.3bUS$145.7b11.5x14.1x3.1x
Mon, 12 Aug 2024US$2.0tUS$652.5bUS$145.4b10.9x13.9x3.1x
Wed, 10 Jul 2024US$2.0tUS$649.2bUS$149.5b10x13.5x3.1x
Fri, 07 Jun 2024US$2.0tUS$655.4bUS$151.1b9.7x13x3x
Sun, 05 May 2024US$2.0tUS$653.4bUS$159.8b9.7x12.3x3x
Tue, 02 Apr 2024US$2.0tUS$653.8bUS$166.2b9.6x12.1x3.1x
Thu, 29 Feb 2024US$1.9tUS$654.3bUS$168.9b9.4x11.1x2.9x
Sat, 27 Jan 2024US$1.8tUS$664.0bUS$173.0b9.9x10.6x2.8x
Mon, 25 Dec 2023US$1.8tUS$667.9bUS$195.5b9.5x9.3x2.7x
Wed, 22 Nov 2023US$1.6tUS$668.0bUS$195.5b8.5x8.3x2.4x
Fri, 20 Oct 2023US$1.5tUS$665.8bUS$196.1b7.7x7.7x2.3x
Sun, 17 Sep 2023US$1.6tUS$656.8bUS$191.7b8.1x8.2x2.4x
Tue, 15 Aug 2023US$1.7tUS$656.2bUS$191.3b8.5x8.7x2.5x
Thu, 13 Jul 2023US$1.6tUS$641.9bUS$184.0b7.9x8.7x2.5x
Sat, 10 Jun 2023US$1.6tUS$642.3bUS$184.2b7.9x8.5x2.4x
Mon, 08 May 2023US$1.5tUS$641.7bUS$174.7b7.6x8.3x2.3x
Wed, 05 Apr 2023US$1.5tUS$623.9bUS$165.4b8.4x9x2.4x
Fri, 03 Mar 2023US$1.8tUS$617.4bUS$163.4b9.5x11x2.9x
Sun, 29 Jan 2023US$1.8tUS$616.5bUS$163.2b9.6x11.2x3x
Tue, 27 Dec 2022US$1.7tUS$611.7bUS$164.2b9.7x10.4x2.8x
Thu, 24 Nov 2022US$1.8tUS$611.5bUS$164.1b10x11.3x3x
Sat, 22 Oct 2022US$1.7tUS$608.8bUS$163.1b9.6x10.5x2.8x
Mon, 19 Sep 2022US$1.7tUS$608.5bUS$167.7b9.8x10.4x2.9x
Price to Earnings Ratio

10.4x


Total Market Cap: US$1.7tTotal Earnings: US$167.7bTotal Revenue: US$608.5bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Banks Industry Price to Earnings3Y Average 11.7x202320242025
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 14.4x which is higher than its 3-year average PE of 11.7x.
  • The 3-year average PS ratio of 3.0x 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 3.1% 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 Market1.80%
Financials0.34%
Banks-0.039%
Diversified Banks0.42%
Regional Banks-1.37%
Industry PE
  • Investors are most optimistic about the Diversified Banks industry which is trading above its 3-year average PE ratio of 11.3x.
    • Analysts are expecting annual earnings growth of 5.6%, which is lower than the prior year's growth of 15.7% per year.
  • Investors are most pessimistic about the Regional Banks industry, which is trading close to its 3-year average of 13.6x.
Forecasted Growth
  • Analysts are most optimistic on the Regional Banks industry, expecting annual earnings growth of 19% over the next 5 years.
  • This is better than its past earnings growth rate of 13% per year.
  • In contrast, the Diversified Banks industry is expected to see its earnings grow by 5.6% 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$305.560.6%
+US$4.8b		47.9%PB2.5x
NU Nu HoldingsUS$15.625.0%
+US$3.6b		7.6%PB7.9x
C CitigroupUS$98.821.8%
+US$3.2b		72.4%PB0.9x
BAC Bank of AmericaUS$50.750.3%
+US$962.9m		30.9%PB1.4x
BAP CredicorpUS$266.592.5%
+US$524.6m		52.6%PB2.1x

Latest News

TFC
US$45.30
Truist Financial
7D
-3.8%
1Y
8.8%
C
US$98.82
Citigroup
7D
1.8%
1Y
72.4%
FITB
US$45.27
Fifth Third Bancorp
7D
-2.1%
1Y
10.0%
USB
US$49.32
U.S. Bancorp
7D
0.3%
1Y
12.5%
CFG
US$51.76
Citizens Financial Group
7D
-1.4%
1Y
30.3%

AI And Digital Banking Will Improve Operational Efficiency

Citizens Financial Group’s consensus price target was raised as analysts grew more confident in its strong recent results, improved earnings outlook, and attractive valuation, driving a modest increase in fair value from $55.47 to $56.21. Analyst Commentary Bullish analysts highlighted strong Q2 results, including higher revenue, robust loan and assets under management growth, and favorable credit metrics.
BAC
US$50.75
Bank of America
7D
0.3%
1Y
30.9%
PNC
US$202.75
PNC Financial Services Group
7D
-2.2%
1Y
14.2%
JPM
US$305.56
JPMorgan Chase
7D
0.6%
1Y
47.9%
FCNC.A
US$1,964.43
First Citizens BancShares
7D
-2.3%
1Y
7.6%

Tech, Media And Telecom Banking Will Strengthen Operational Resilience

The consensus price target for First Citizens BancShares was modestly revised upward to $2,311, with bullish analysts citing strong capital deployment capacity and expectations of a favorable interest rate and lending environment as key drivers. Analyst Commentary Bullish analysts cited excess capital deployment capacity as a key driver for upward price target revisions.
MCHB
US$13.90
Mechanics Bancorp
7D
6.1%
1Y
n/a
INTR
US$8.98
Inter & Co
7D
6.4%
1Y
27.6%

Mobile Banking And Digital Payments Will Unlock Latin America Potential

Inter & Co's consensus price target increased to $8.38, primarily driven by a sharp improvement in future valuation expectations as reflected in the substantial drop in its forward P/E ratio. Valuation Changes Summary of Valuation Changes for Inter & Co The Consensus Analyst Price Target has risen slightly from $8.21 to $8.38.
WFC
US$81.25
Wells Fargo
7D
-0.7%
1Y
57.6%

Digital Banking And Wealth Management Will Expand Future Reach

Analysts trimmed Wells Fargo's price target slightly to $86.00, citing elevated valuations and limited near-term upside despite improved fundamentals and asset cap removal, as recent gains appear priced in amid macro and earnings quality concerns. Analyst Commentary Removal of the asset cap is a significant long-term positive, allowing Wells Fargo to grow its balance sheet and increase trading and investment banking revenues, but much of the near-term optimism is already priced in.
ONB
US$22.40
Old National Bancorp
7D
-3.3%
1Y
22.9%
MTB
US$197.83
M&T Bank
7D
-2.2%
1Y
19.4%
BAP
US$266.59
Credicorp
7D
2.5%
1Y
52.6%

Digital Finance And Lending Expansion Will Widen Market In Peru

Driven by a sharply lower future P/E and a modestly improved revenue growth outlook, analysts have raised Credicorp’s consensus price target from $243.83 to $250.78. What's in the News Credicorp expects second half 2025 NIM at the upper end of 6.2%–6.5% guidance; cost of risk guidance updated to 1.8%–2.2% reflecting lower-than-expected provisioning and improved macro conditions.
NU
US$15.62
Nu Holdings
7D
5.0%
1Y
7.6%

Latin America's Digital Shift Will Drive Financial Service Expansion

The upward revision in Nu Holdings' consensus price target reflects improved analyst expectations for revenue growth (rising from 71.6% to 77.9% per annum), despite a slight decline in net profit margin, resulting in an increased fair value estimate from $15.47 to $16.36. What's in the News Dropped from Russell Midcap Growth Benchmark and Russell Midcap Growth Index.