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U.S. Banks Industry Analysis

UpdatedDec 08, 2025
DataAggregated Company Financials
Companies648
  • 7D1.9%
  • 3M6.1%
  • 1Y15.1%
  • YTD22.6%

Over the last 7 days, the Banks industry has risen 1.9%, driven by gains from Wells Fargo of 4.6%. This takes the industry's 12 month performance to a gain of 15%. Earnings are forecast to grow by 9.0% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 08 Dec 2025US$2.8tUS$695.9bUS$192.3b11.6x14.3x4x
Wed, 05 Nov 2025US$2.6tUS$695.2bUS$192.0b11x13.8x3.8x
Fri, 03 Oct 2025US$2.7tUS$678.0bUS$184.0b11.7x14.5x3.9x
Sun, 31 Aug 2025US$2.7tUS$678.7bUS$184.0b11.8x14.5x3.9x
Tue, 29 Jul 2025US$2.6tUS$677.3bUS$183.3b11.4x14.2x3.8x
Thu, 26 Jun 2025US$2.5tUS$668.9bUS$177.1b11.3x13.9x3.7x
Sat, 24 May 2025US$2.3tUS$668.5bUS$177.0b11.2x13.1x3.5x
Mon, 21 Apr 2025US$2.1tUS$666.6bUS$176.3b10.7x11.7x3.1x
Wed, 19 Mar 2025US$2.2tUS$663.0bUS$171.9b11.2x12.9x3.3x
Fri, 14 Feb 2025US$2.5tUS$662.3bUS$171.5b12.1x14.7x3.8x
Sun, 12 Jan 2025US$2.3tUS$654.3bUS$143.4b11.9x16x3.5x
Tue, 10 Dec 2024US$2.5tUS$655.1bUS$143.0b13.1x17.2x3.8x
Thu, 07 Nov 2024US$2.2tUS$654.1bUS$142.6b13x15.6x3.4x
Sat, 05 Oct 2024US$2.1tUS$654.4bUS$145.7b11.5x14.2x3.2x
Mon, 02 Sep 2024US$2.2tUS$653.0bUS$145.7b11.8x15.1x3.4x
Wed, 31 Jul 2024US$2.2tUS$652.5bUS$145.5b11.7x14.8x3.3x
Fri, 28 Jun 2024US$2.0tUS$655.4bUS$151.1b9.8x13x3x
Sun, 26 May 2024US$2.0tUS$655.5bUS$151.2b9.8x13.3x3.1x
Tue, 23 Apr 2024US$1.9tUS$654.1bUS$161.6b9.4x11.8x2.9x
Thu, 21 Mar 2024US$1.9tUS$654.3bUS$166.3b9.5x11.6x2.9x
Sat, 17 Feb 2024US$1.9tUS$652.8bUS$168.4b9.6x11x2.8x
Mon, 15 Jan 2024US$1.8tUS$667.1bUS$193.3b9.1x9.3x2.7x
Wed, 13 Dec 2023US$1.7tUS$667.9bUS$195.5b8.9x8.8x2.6x
Fri, 10 Nov 2023US$1.5tUS$666.8bUS$195.2b8.2x7.8x2.3x
Sun, 08 Oct 2023US$1.5tUS$656.7bUS$191.6b7.8x7.8x2.3x
Tue, 05 Sep 2023US$1.6tUS$656.8bUS$191.7b8.3x8.3x2.4x
Thu, 03 Aug 2023US$1.6tUS$655.0bUS$189.1b8.6x8.5x2.5x
Sat, 01 Jul 2023US$1.6tUS$642.2bUS$184.2b7.8x8.4x2.4x
Mon, 29 May 2023US$1.5tUS$642.2bUS$184.2b7.6x8.1x2.3x
Wed, 26 Apr 2023US$1.5tUS$673.7bUS$181.0b8x8.3x2.2x
Fri, 24 Mar 2023US$1.5tUS$623.8bUS$165.4b8.4x8.9x2.4x
Sun, 19 Feb 2023US$1.9tUS$617.3bUS$163.1b9.7x11.4x3x
Tue, 17 Jan 2023US$1.8tUS$611.4bUS$163.0b9.8x11.2x3x
Thu, 15 Dec 2022US$1.7tUS$611.6bUS$164.1b9.8x10.4x2.8x
Price to Earnings Ratio

10.4x


Total Market Cap: US$1.7tTotal Earnings: US$164.1bTotal Revenue: US$611.6bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Banks Industry Price to Earnings3Y Average 12x202320242025
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 12.0x.
  • The 3-year average PS ratio of 3.1x is lower than the industry's current PS ratio of 4.0x.
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 Market0.51%
Financials0.62%
Banks1.94%
Regional Banks2.32%
Diversified Banks1.82%
Industry PE
  • Investors are most optimistic about the Diversified Banks industry which is trading above its 3-year average PE ratio of 11.6x.
    • 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$315.042.0%
+US$16.7b		29.2%PB2.5x
WFC Wells FargoUS$89.835.2%
+US$13.9b		23.7%PB1.7x
C CitigroupUS$108.886.0%
+US$11.1b		51.5%PB1x
BAC Bank of AmericaUS$53.951.3%
+US$5.2b		17.5%PB1.4x
USB U.S. BancorpUS$51.263.7%
+US$2.9b		-0.1%PB1.4x

Latest News

FFIN
US$31.06
First Financial Bankshares
7D
-1.7%
1Y
-22.9%
JPM
US$315.04
JPMorgan Chase
7D
2.0%
1Y
29.2%

JPM: Earnings And ROTCE Strength Will Offset Rising Expenses And Cybersecurity Risks

Analysts have modestly raised their price target on JPMorgan Chase, reflecting a slightly lower implied cost of equity and continued confidence in the bank's strong earnings momentum, robust ROTCE performance, and improving loan growth backdrop. Updated targets now cluster in the low to mid $300s per share.
GBCI
US$42.29
Glacier Bancorp
7D
-1.7%
1Y
-24.4%

Glacier Bancorp (NYSE:GBCI) Is Paying Out A Dividend Of $0.33

Dec 05
Glacier Bancorp (NYSE:GBCI) Is Paying Out A Dividend Of $0.33
WFC
US$89.83
Wells Fargo
7D
5.2%
1Y
23.7%
NU
US$16.70
Nu Holdings
7D
-4.5%
1Y
40.0%
C
US$108.88
Citigroup
7D
6.0%
1Y
51.5%
INTR
US$8.25
Inter & Co
7D
-8.7%
1Y
91.9%

INTR: Modest Revenue Increases And Margin Dips Will Sustain Current Value

Inter & Co.'s fair value price target has been raised by analysts from $9.30 to $9.73. This reflects optimism based on modest improvements in revenue growth and a slightly reduced discount rate, despite a dip in projected profit margins.
TFC
US$47.53
Truist Financial
7D
2.1%
1Y
1.6%

TFC: Higher ROTCE And Stable Performance Will Shape Outlook Amid Industry Headwinds

Analysts have raised their price target for Truist Financial by $1 to $49, citing improved return on tangible common equity in their latest estimates. Analyst Commentary Bullish analysts have highlighted several positive developments for Truist Financial following the updated price target.
BAC
US$53.95
Bank of America
7D
1.3%
1Y
17.5%

BAC: Recent Earnings Strength And Capital Changes Will Shape Fairly Valued Outlook

Bank of America's analyst price target has inched down slightly to approximately $58.90, as analysts factor in steady revenue and margin improvements along with evolving market conditions. Analyst Commentary Recent Street research reports highlight a mix of optimism and select caution around Bank of America's outlook, with analysts weighing strong earnings, favorable industry trends, and valuation considerations.
PNC
US$197.86
PNC Financial Services Group
7D
2.8%
1Y
-3.2%

PNC: FirstBank Acquisition Will Accelerate Expansion in High-Growth US Markets

Analysts have made a slight downward revision to PNC Financial’s fair value estimate to approximately $220.55, citing ongoing strength in capital flexibility, robust loan growth, and constructive banking sector dynamics. These factors are generally supportive, although selectivity is advised following the sector’s recent rally.
BANF
US$109.35
BancFirst
7D
-1.5%
1Y
-14.1%
USB
US$51.26
U.S. Bancorp
7D
3.7%
1Y
-0.1%

USB: Fee Momentum And Credit Strength Will Support Performance Through 2026

Analysts have modestly lowered their fair value estimate for U.S. Bancorp from $55.72 to $55.63 per share. This change reflects strong operating leverage and improved fee income growth reported in recent earnings updates.
TFSL
US$14.11
TFS Financial
7D
-2.1%
1Y
3.7%
BAP
US$272.30
Credicorp
7D
6.8%
1Y
42.7%

BAP: Improved Revenue Projections And Lower Discount Rate Will Drive Outlook

Analysts have raised Credicorp's price target from $271.65 to $286.58. They cite improved revenue growth expectations and a modest decrease in the discount rate as key drivers behind this upward adjustment.
CVBF
US$19.50
CVB Financial
7D
-1.4%
1Y
-15.9%
BBT
US$25.16
Beacon Financial
7D
-2.8%
1Y
n/a