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U.S. Banks Industry Analysis

UpdatedFeb 23, 2026
DataAggregated Company Financials
Companies638
  • 7D2.0%
  • 3M9.7%
  • 1Y20.8%
  • YTD0.2%

In the last week, the Banks industry is up 2.0%, with JPMorgan Chase up 2.7%. This means that the industry has gained 21% over the past year. Earnings are forecast to grow by 8.9% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 24 Feb 2026US$2.8tUS$706.9bUS$195.7b11.9x14.5x4x
Thu, 22 Jan 2026US$2.7tUS$705.6bUS$194.1b12.1x14.1x3.9x
Sat, 20 Dec 2025US$2.8tUS$696.2bUS$192.4b11.9x14.6x4x
Mon, 17 Nov 2025US$2.6tUS$696.0bUS$192.4b11.2x13.6x3.8x
Wed, 15 Oct 2025US$2.6tUS$682.1bUS$185.7b11.7x14x3.8x
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
Price to Earnings Ratio

11x


Total Market Cap: US$1.8tTotal Earnings: US$163.4bTotal Revenue: US$617.4bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Banks Industry Price to Earnings3Y Average 12.3x202420252026
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 14.5x which is higher than its 3-year average PE of 12.3x.
  • The 3-year average PS ratio of 3.2x 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 6.2% per year over the last three years.
  • Revenues for these companies have grown 4.6% 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 Market1.04%
Financials1.08%
Banks2.04%
Diversified Banks2.44%
Regional Banks0.96%
Industry PE
  • Investors are most optimistic about the Diversified Banks industry which is trading above its 3-year average PE ratio of 11.9x.
    • Analysts are expecting annual earnings growth of 6.9%, which is lower than the prior year's growth of 13.6% per year.
  • Investors are most pessimistic about the Regional Banks industry, which is trading close to its 3-year average of 13.9x.
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 20% per year.
  • In contrast, the Diversified Banks industry is expected to see its earnings grow by 6.9% 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$310.792.7%
+US$22.2b		18.9%PB2.4x
C CitigroupUS$116.004.6%
+US$9.0b		47.7%PB1.1x
WFC Wells FargoUS$88.702.0%
+US$5.3b		14.5%PB1.7x
PNC PNC Financial Services GroupUS$232.971.6%
+US$4.4b		23.9%PB1.7x
BAC Bank of AmericaUS$53.061.0%
+US$3.7b		19.3%PB1.4x

Latest News

VLY
US$13.36
Valley National Bancorp
7D
-1.0%
1Y
40.8%

VLY: Buybacks And Refined Risk Assumptions Will Support Measured Future Upside

Analysts have lifted their average price target on Valley National Bancorp by about $1, reflecting updated assumptions for discount rates, revenue growth, profit margins and future P/E. This change is in line with a wave of recent target increases and an upgrade across the Street.
NU
US$17.53
Nu Holdings
7D
4.2%
1Y
62.0%

Nu holdings will continue to disrupt the South American banking market

Two years ago i bought Nu at $11. Now there were two main things which gave me conviction.
EBC
US$21.42
Eastern Bankshares
7D
-0.9%
1Y
20.7%

EBC: Repricing Tailwinds And Dovish 2026 Fed Outlook Support Balanced Risk Reward

Analysts have lifted their price targets on Eastern Bankshares by $1 to $23, citing expectations for solid Q4 bank earnings, continued balance sheet growth, repricing tailwinds, and a more dovish Federal Reserve stance in 2026 as key supports for the shares. Analyst Commentary Recent price target increases to $23 highlight that bullish analysts see the current setup for Eastern Bankshares as supported by earnings expectations and the macro backdrop, while more cautious voices are focused on execution risk and how much of the good news is already reflected in the shares.
PNC
US$232.97
PNC Financial Services Group
7D
1.6%
1Y
23.9%
DCOM
US$34.27
Dime Community Bancshares
7D
-2.8%
1Y
12.5%
MTB
US$232.52
M&T Bank
7D
1.7%
1Y
20.1%
WFC
US$88.70
Wells Fargo
7D
2.0%
1Y
14.5%

WFC: Future Returns Will Reflect ROTCE Expansion And Higher Earnings Quality

Our Wells Fargo analyst price target edges up by about $0.40 to $101.65. This reflects analysts' updated assumptions around a slightly higher future P/E multiple and supporting research that includes a mix of recent target hikes and rating changes across major firms.
JPM
US$310.79
JPMorgan Chase
7D
2.7%
1Y
18.9%
C
US$116.00
Citigroup
7D
4.6%
1Y
47.7%
BAC
US$53.06
Bank of America
7D
1.0%
1Y
19.3%
BAP
US$350.25
Credicorp
7D
6.2%
1Y
95.7%

BAP: Future Returns Will Rely On Chilean Digital Bank Execution

Analysts have nudged their price target for Credicorp higher from $321.60 to $334.34, citing updated assumptions that combine slightly stronger modeled revenue growth with a modestly lower profit margin and a small adjustment to the future P/E multiple. What's in the News Credicorp Ltd.
HBAN
US$18.01
Huntington Bancshares
7D
4.3%
1Y
11.5%

HBAN: Loan And Revenue Momentum Will Shape Future Risk Reward Profile

The updated analyst price target for Huntington Bancshares has moved slightly higher to $20.50, as analysts point to relatively stable regional bank outlooks with an emphasis on loan and revenue growth potential, tempered by credit risk considerations. Analyst Commentary Recent Street research on Huntington Bancshares has been active on both sides, with several firms adjusting price targets around the US$20 to US$21 range and updating their views on the regional bank setup heading into upcoming earnings periods.
FLG
US$13.94
Flagstar Bank National Association
7D
-1.7%
1Y
15.5%
GBCI
US$50.50
Glacier Bancorp
7D
-1.5%
1Y
6.7%
CBU
US$64.99
Community Financial System
7D
-2.0%
1Y
4.4%

Community Financial System (NYSE:CBU) Is Paying Out A Dividend Of $0.47

Feb 12
Community Financial System (NYSE:CBU) Is Paying Out A Dividend Of $0.47
UMBF
US$126.85
UMB Financial
7D
-1.5%
1Y
18.7%

UMBF: Stable Fundamentals And Dovish Fed Expectations Will Shape 2026 Upside

Analysts lifted their price target on UMB Financial by about $7 to $145.42, citing updated views on fair value, profitability, and the future price-to-earnings ratio, supported by a recent series of target increases from multiple research firms. Analyst Commentary Recent research on UMB Financial shows a cluster of higher price targets, with most firms updating their views around the same time and focusing on fair value, earnings power, and how the shares are priced relative to expected profits.