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U.S. Banks Industry Analysis

UpdatedApr 16, 2026
DataAggregated Company Financials
Companies625
  • 7D0.8%
  • 3M0.4%
  • 1Y39.9%
  • YTD-1.7%

Last week, the Banks industry hasn't moved much but Bank of America is up 4.7% in that time. The past year has been better, since the industry has gained 40% in that time. Looking forward, earnings are forecast to grow by 8.2% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 17 Apr 2026US$2.8tUS$716.6bUS$199.7b11.9x14x3.9x
Sun, 15 Mar 2026US$2.5tUS$707.1bUS$195.5b11.2x12.9x3.6x
Tue, 10 Feb 2026US$2.9tUS$706.1bUS$195.4b12x15x4.2x
Thu, 08 Jan 2026US$2.9tUS$693.7bUS$191.7b11.9x15.3x4.2x
Sat, 06 Dec 2025US$2.8tUS$695.8bUS$192.3b11.6x14.4x4x
Mon, 03 Nov 2025US$2.6tUS$695.4bUS$192.1b11x13.8x3.8x
Wed, 01 Oct 2025US$2.7tUS$678.1bUS$184.0b11.8x14.8x4x
Fri, 29 Aug 2025US$2.7tUS$678.7bUS$184.0b11.7x14.5x3.9x
Sun, 27 Jul 2025US$2.6tUS$677.5bUS$183.4b11.4x14.2x3.8x
Tue, 24 Jun 2025US$2.4tUS$668.9bUS$177.1b11.2x13.7x3.6x
Thu, 22 May 2025US$2.4tUS$668.5bUS$177.0b11.3x13.4x3.6x
Sat, 19 Apr 2025US$2.1tUS$666.8bUS$176.5b10.7x11.7x3.1x
Mon, 17 Mar 2025US$2.2tUS$662.8bUS$171.9b11.2x12.8x3.3x
Wed, 12 Feb 2025US$2.5tUS$662.0bUS$171.5b12.3x14.6x3.8x
Fri, 10 Jan 2025US$2.4tUS$654.4bUS$143.4b12.1x16.4x3.6x
Sun, 08 Dec 2024US$2.5tUS$655.1bUS$143.0b13.1x17.2x3.8x
Tue, 05 Nov 2024US$2.2tUS$654.1bUS$142.6b11.8x15.6x3.4x
Thu, 03 Oct 2024US$2.1tUS$654.4bUS$145.7b11.4x14.6x3.2x
Sat, 31 Aug 2024US$2.2tUS$653.0bUS$145.7b11.8x14.9x3.3x
Mon, 29 Jul 2024US$2.2tUS$652.6bUS$145.5b11.7x15x3.3x
Wed, 26 Jun 2024US$2.0tUS$655.4bUS$151.1b9.6x13.1x3x
Fri, 24 May 2024US$2.0tUS$655.4bUS$151.1b9.7x13.3x3.1x
Sun, 21 Apr 2024US$1.9tUS$654.1bUS$161.6b9.4x11.8x2.9x
Tue, 19 Mar 2024US$1.9tUS$654.2bUS$166.3b9.4x11.6x2.9x
Thu, 15 Feb 2024US$1.8tUS$652.8bUS$168.4b9.4x10.6x2.7x
Sat, 13 Jan 2024US$1.8tUS$668.9bUS$196.4b9.1x9.2x2.7x
Mon, 11 Dec 2023US$1.7tUS$667.9bUS$195.5b8.9x8.8x2.6x
Wed, 08 Nov 2023US$1.5tUS$666.8bUS$195.2b8.3x7.9x2.3x
Fri, 06 Oct 2023US$1.5tUS$656.7bUS$191.6b7.8x7.7x2.3x
Sun, 03 Sep 2023US$1.6tUS$656.9bUS$191.7b8.2x8.3x2.4x
Tue, 01 Aug 2023US$1.7tUS$655.0bUS$189.2b8.7x9.1x2.6x
Thu, 29 Jun 2023US$1.5tUS$642.3bUS$184.2b7.7x8.2x2.4x
Sat, 27 May 2023US$1.5tUS$642.2bUS$184.2b7.6x8.1x2.3x
Mon, 24 Apr 2023US$1.6tUS$640.3bUS$174.2b8.2x8.9x2.4x
Price to Earnings Ratio

8.9x


Total Market Cap: US$1.6tTotal Earnings: US$174.2bTotal Revenue: US$640.3bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Banks Industry Price to Earnings3Y Average 12.5x202420252026
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 14.0x which is higher than its 3-year average PE of 12.5x.
  • The 3-year average PS ratio of 3.2x 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 4.7% per year over the last three years.
  • Revenues for these companies have grown 3.8% 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 Market3.42%
Financials2.29%
Banks0.75%
Diversified Banks0.77%
Regional Banks0.69%
Industry PE
  • Investors are most optimistic about the Diversified Banks industry which is trading above its 3-year average PE ratio of 12.1x.
    • Analysts are expecting annual earnings growth of 6.1%, which is lower than the prior year's growth of 17.1% per year.
  • Investors are most pessimistic about the Regional Banks industry, which is trading close to its 3-year average of 14.1x.
Forecasted Growth
  • Analysts are most optimistic on the Regional Banks industry, expecting annual earnings growth of 15% over the next 5 years.
  • However this is lower than its past earnings growth rate of 21% per year.
  • In contrast, the Diversified Banks industry is expected to see its earnings grow by 6.1% 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
C CitigroupUS$129.343.5%
+US$6.5b		104.5%PB1.2x
BAC Bank of AmericaUS$53.511.5%
+US$4.9b		43.0%PB1.4x
NU Nu HoldingsUS$15.433.8%
+US$2.7b		40.3%PB6.6x
TBBK BancorpUS$60.363.4%
+US$84.8m		32.4%PB3.7x
WBS Webster FinancialUS$72.160.7%
+US$75.8m		59.8%PB1.3x

Latest News

USB
US$55.48
U.S. Bancorp
7D
-1.5%
1Y
45.2%

U.S. Bancorp Starts 2026 On Strong Footing

Apr 16
BAC
US$53.51
Bank of America
7D
1.5%
1Y
43.0%
JPM
US$309.95
JPMorgan Chase
7D
-0.1%
1Y
33.6%

JPMorgan Chase: The Warning May Be More Important Than The Earnings

Apr 16
WFC
US$81.25
Wells Fargo
7D
-5.5%
1Y
25.6%
PNC
US$220.07
PNC Financial Services Group
7D
-1.4%
1Y
44.5%
MTB
US$216.95
M&T Bank
7D
-2.7%
1Y
35.4%
C
US$129.34
Citigroup
7D
3.5%
1Y
104.5%
BAP
US$340.22
Credicorp
7D
-3.4%
1Y
83.8%
TBBK
US$60.36
Bancorp
7D
3.4%
1Y
32.4%
FITB
US$49.52
Fifth Third Bancorp
7D
-1.4%
1Y
45.0%
FLG
US$14.25
Flagstar Bank National Association
7D
0.8%
1Y
36.5%
NU
US$15.43
Nu Holdings
7D
3.8%
1Y
40.3%

Nu Holdings: Doubling Down Despite U.S. Expansion Concerns

Apr 13
WAL
US$77.29
Western Alliance Bancorporation
7D
0.7%
1Y
16.5%

WAL: Credit Reset And Tangible Book Valuation Will Support Future Earnings Power

Analysts have trimmed the fair value estimate for Western Alliance Bancorporation from about $96.40 to roughly $88.53, reflecting a series of reduced price targets that factor in recent credit events, updated earnings assumptions, and a lower future P/E multiple around 8x. Analyst Commentary Recent research on Western Alliance Bancorporation has become more cautious overall, with several firms cutting price targets and updating ratings after the bank's recent credit events and related write offs.
WBS
US$72.16
Webster Financial
7D
0.7%
1Y
59.8%

WBS: Santander Deal Uncertainty And Rating Shifts Will Shape Balanced Outlook

Analysts have nudged the fair value estimate for Webster Financial slightly lower, trimming the implied price target by about $1 to $73.75 as they factor in updated views on the proposed Santander deal and recent shifts in rating and target activity across the Street. Analyst Commentary Recent research on Webster Financial has turned more cautious, with several firms revisiting ratings and targets as they factor in deal risk around the proposed Banco Santander acquisition and the latest sector views on regional banks.
AX
US$94.74
Axos Financial
7D
1.2%
1Y
57.3%

AX: Stable Margins And Buybacks Will Support Future Upside Potential

Analysts have trimmed their price target on Axos Financial by about $1 to $109.50. This reflects slightly lower revenue growth and profit margin assumptions, along with a marginally higher future P/E multiple in their updated models.
TFC
US$49.43
Truist Financial
7D
-2.1%
1Y
37.7%

TFC: Excess Capital And Buybacks Are Expected To Support Higher Future Returns

Analysts have trimmed the average price target for Truist Financial to around $55 from about $57, reflecting a slightly lower fair value estimate along with updated views on revenue growth, margins, and future P/E assumptions after a mix of recent upgrades and target cuts across the Street. Analyst Commentary Recent research on Truist Financial shows a split view, with several firms lifting ratings and price targets while others have trimmed targets or flagged guidance as cautious.