Narrative Update • Sep 17
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U.S. Banks Industry Analysis
UpdatedSep 20, 2026
DataAggregated Company Financials
Companies616
- 7D-3.6%
- 3M1.6%
- 1Y11.3%
- YTD5.5%
Over the last 7 days, the Banks industry has dropped 3.6%, driven by a pullback from Bank of America of 7.9%. Over the past 12 months, the industry was up 11%. Looking forward, earnings are forecast to grow by 7.1% annually.
Industry Valuation and Performance
Has the U.S. Banks Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 20 Sep 2026 | US$2.9t | US$759.4b | US$219.6b | 11.7x | 13.4x | 3.9x |
| Tue, 18 Aug 2026 | US$3.1t | US$761.8b | US$220.5b | 12.1x | 14.3x | 4.1x |
| Thu, 16 Jul 2026 | US$3.0t | US$750.6b | US$215.9b | 12.3x | 14x | 4x |
| Sat, 13 Jun 2026 | US$2.9t | US$729.0b | US$205.1b | 11.9x | 13.9x | 3.9x |
| Mon, 11 May 2026 | US$2.7t | US$727.9b | US$204.7b | 11.4x | 13.3x | 3.7x |
| Wed, 08 Apr 2026 | US$2.7t | US$707.0b | US$195.7b | 11.5x | 13.6x | 3.8x |
| Fri, 06 Mar 2026 | US$2.7t | US$707.2b | US$195.5b | 11.4x | 13.8x | 3.8x |
| Sun, 01 Feb 2026 | US$2.8t | US$715.5b | US$198.4b | 11.7x | 14.2x | 4x |
| Tue, 30 Dec 2025 | US$2.9t | US$696.2b | US$192.4b | 11.9x | 14.9x | 4.1x |
| Thu, 27 Nov 2025 | US$2.7t | US$695.9b | US$192.4b | 11.4x | 13.8x | 3.8x |
| Sat, 25 Oct 2025 | US$2.6t | US$693.9b | US$191.5b | 11.2x | 13.5x | 3.7x |
| Mon, 22 Sep 2025 | US$2.7t | US$677.7b | US$183.9b | 12x | 14.9x | 4x |
| Wed, 20 Aug 2025 | US$2.5t | US$678.4b | US$184.0b | 11.5x | 13.8x | 3.8x |
| Fri, 18 Jul 2025 | US$2.5t | US$667.1b | US$176.1b | 11.9x | 14.3x | 3.8x |
| Sun, 15 Jun 2025 | US$2.3t | US$668.8b | US$177.1b | 11.1x | 13.1x | 3.5x |
| Tue, 13 May 2025 | US$2.3t | US$668.0b | US$176.7b | 11.3x | 12.8x | 3.4x |
| Thu, 10 Apr 2025 | US$2.0t | US$662.3b | US$171.9b | 10.8x | 11.4x | 2.9x |
| Sat, 08 Mar 2025 | US$2.3t | US$662.7b | US$171.8b | 11.3x | 13.2x | 3.4x |
| Mon, 03 Feb 2025 | US$2.5t | US$662.6b | US$171.6b | 12.1x | 14.6x | 3.8x |
| Wed, 01 Jan 2025 | US$2.3t | US$655.0b | US$143.0b | 12.4x | 16.2x | 3.5x |
| Fri, 29 Nov 2024 | US$2.5t | US$655.0b | US$143.0b | 13.3x | 17.6x | 3.8x |
| Sun, 27 Oct 2024 | US$2.2t | US$651.3b | US$142.7b | 11.7x | 15.5x | 3.4x |
| Tue, 24 Sep 2024 | US$2.1t | US$653.8b | US$145.5b | 11.8x | 14.7x | 3.3x |
| Thu, 22 Aug 2024 | US$2.1t | US$653.0b | US$145.7b | 11.2x | 14.4x | 3.2x |
| Sat, 20 Jul 2024 | US$2.1t | US$660.4b | US$152.4b | 11.1x | 14x | 3.2x |
| Mon, 17 Jun 2024 | US$1.9t | US$655.5b | US$151.1b | 9.5x | 12.8x | 2.9x |
| Wed, 15 May 2024 | US$2.0t | US$655.2b | US$151.0b | 9.8x | 13.3x | 3.1x |
| Fri, 12 Apr 2024 | US$1.9t | US$653.8b | US$166.2b | 9.2x | 11.7x | 3x |
| Sun, 10 Mar 2024 | US$1.9t | US$654.2b | US$166.3b | 9.5x | 11.6x | 2.9x |
| Tue, 06 Feb 2024 | US$1.8t | US$652.7b | US$168.4b | 9.5x | 10.7x | 2.7x |
| Thu, 04 Jan 2024 | US$1.8t | US$668.2b | US$195.6b | 9.2x | 9.3x | 2.7x |
| Sat, 02 Dec 2023 | US$1.6t | US$668.0b | US$195.5b | 8.7x | 8.4x | 2.5x |
| Mon, 30 Oct 2023 | US$1.4t | US$665.8b | US$195.2b | 7.8x | 7.3x | 2.1x |
| Wed, 27 Sep 2023 | US$1.5t | US$656.8b | US$191.7b | 7.8x | 7.8x | 2.3x |
Price to Earnings Ratio
7.8x
Current Industry PE
- Investors are relatively neutral on the American Banks industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 13.2x.
- The 3-year average PS ratio of 3.4x 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 4.6% per year over the last three years.
- Revenues for these companies have grown 5.0% 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 | -0.16% | |
| Financials | -2.26% | |
| Banks | -3.62% | |
| Regional Banks | -2.23% | |
| Diversified Banks | -4.08% | |
Industry PE
- Investors are most optimistic about the Diversified Banks industry, which is trading close to its 3-year average PE ratio of 12.8x.
- Analysts are expecting annual earnings growth of 5.1%, which is lower than the prior year's growth of 17.9% per year.
- Investors are most pessimistic about the Regional Banks industry, which is trading below its 3-year average of 14.9x.
Forecasted Growth
- Analysts are most optimistic on the Regional Banks industry, expecting annual earnings growth of 14% over the next 5 years.
- However this is lower than its past earnings growth rate of 24% per year.
- In contrast, the Diversified Banks industry is expected to see its earnings grow by 5.1% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| BAP Credicorp | US$381.83 | 1.0% +US$312.1m | 45.4% | PB2.7x | |
| BCBP BCB Bancorp | US$8.72 | 1.6% +US$112.8m | 0.6% | PB1x | |
| CVBF CVB Financial | US$22.70 | 1.2% +US$45.8m | 13.8% | PB1.3x | |
| FIBK First Interstate BancSystem | US$37.35 | 1.2% +US$41.0m | 11.7% | PB1.1x | |
| ESQ Esquire Financial Holdings | US$123.20 | 2.8% +US$39.2m | 19.1% | PB4.6x |
