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U.S. Banks Industry Analysis

UpdatedMay 26, 2026
DataAggregated Company Financials
Companies622
  • 7D2.2%
  • 3M0.8%
  • 1Y22.3%
  • YTD-3.2%

Over the last 7 days, the Banks industry has risen 2.2%, driven by gains from JPMorgan Chase of 3.6%. In the last 12 months, the industry was up 22%. 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
Tue, 26 May 2026US$2.7tUS$728.9bUS$205.0b11.5x13.3x3.7x
Thu, 23 Apr 2026US$2.8tUS$722.7bUS$202.3b11.7x13.9x3.9x
Sat, 21 Mar 2026US$2.5tUS$707.1bUS$195.5b11x13x3.6x
Mon, 16 Feb 2026US$2.8tUS$708.2bUS$195.8b11.9x14.2x3.9x
Wed, 14 Jan 2026US$2.9tUS$694.6bUS$190.6b11.9x15x4.1x
Fri, 12 Dec 2025US$2.8tUS$696.0bUS$192.4b12x14.5x4x
Sun, 09 Nov 2025US$2.7tUS$695.4bUS$192.1b11.1x13.9x3.8x
Tue, 07 Oct 2025US$2.7tUS$678.0bUS$184.0b11.8x14.5x3.9x
Thu, 04 Sep 2025US$2.7tUS$678.3bUS$184.0b11.8x14.4x3.9x
Sat, 02 Aug 2025US$2.5tUS$678.1bUS$183.5b11.1x13.8x3.7x
Mon, 30 Jun 2025US$2.5tUS$668.9bUS$177.1b11.4x14.2x3.8x
Wed, 28 May 2025US$2.3tUS$668.5bUS$177.1b11.2x13x3.4x
Fri, 25 Apr 2025US$2.1tUS$667.3bUS$176.6b11x12.1x3.2x
Sun, 23 Mar 2025US$2.3tUS$663.0bUS$171.9b11.2x13.1x3.4x
Tue, 18 Feb 2025US$2.5tUS$662.1bUS$171.5b12.1x14.8x3.8x
Thu, 16 Jan 2025US$2.4tUS$659.2bUS$151.4b12.4x15.7x3.6x
Sat, 14 Dec 2024US$2.4tUS$655.1bUS$143.0b13x16.8x3.7x
Mon, 11 Nov 2024US$2.4tUS$654.4bUS$142.7b12.7x16.8x3.7x
Wed, 09 Oct 2024US$2.1tUS$654.4bUS$145.7b11.4x14.5x3.2x
Fri, 06 Sep 2024US$2.2tUS$653.0bUS$145.6b11.4x14.8x3.3x
Sun, 04 Aug 2024US$2.0tUS$652.3bUS$145.4b11.1x13.8x3.1x
Tue, 02 Jul 2024US$2.0tUS$649.2bUS$149.5b10x13.5x3.1x
Thu, 30 May 2024US$2.0tUS$655.4bUS$151.2b9.6x13.2x3x
Sat, 27 Apr 2024US$2.0tUS$653.6bUS$162.3b9.6x12.1x3x
Mon, 25 Mar 2024US$2.0tUS$654.3bUS$166.3b9.5x11.8x3x
Wed, 21 Feb 2024US$1.8tUS$652.8bUS$168.4b9.5x10.9x2.8x
Fri, 19 Jan 2024US$1.8tUS$667.5bUS$178.0b9.1x9.9x2.6x
Sun, 17 Dec 2023US$1.8tUS$667.8bUS$195.5b9.4x9.3x2.7x
Tue, 14 Nov 2023US$1.5tUS$667.4bUS$195.2b8.2x7.8x2.3x
Thu, 12 Oct 2023US$1.5tUS$656.7bUS$191.6b7.9x7.9x2.3x
Sat, 09 Sep 2023US$1.5tUS$656.8bUS$191.7b8x8x2.3x
Mon, 07 Aug 2023US$1.7tUS$656.4bUS$189.6b8.7x8.9x2.6x
Wed, 05 Jul 2023US$1.6tUS$641.8bUS$184.0b7.8x8.6x2.5x
Fri, 02 Jun 2023US$1.5tUS$647.8bUS$185.8b7.5x8x2.3x
Price to Earnings Ratio

8x


Total Market Cap: US$1.5tTotal Earnings: US$185.8bTotal Revenue: US$647.8bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Banks Industry Price to Earnings3Y Average 12.6x202420252026
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 12.6x.
  • The 3-year average PS ratio of 3.3x is lower than the industry's current PS ratio of 3.7x.
Past Earnings Growth
  • The earnings for companies in the Banks industry have grown 3.3% per year over the last three years.
  • Revenues for these companies have grown 4.0% 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 Market1.21%
Financials0.29%
Banks2.24%
Diversified Banks2.33%
Regional Banks2.02%
Industry PE
  • Investors are most optimistic about the Diversified Banks industry, which is trading close to its 3-year average PE ratio of 12.2x.
    • Analysts are expecting annual earnings growth of 6.3%, which is lower than the prior year's growth of 13.4% per year.
  • Investors are most pessimistic about the Regional Banks industry, which is trading close to its 3-year average of 14.3x.
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 6.3% 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$306.383.6%
+US$28.6b		15.5%PB2.4x
C CitigroupUS$125.094.3%
+US$8.7b		65.7%PB1.1x
BAC Bank of AmericaUS$51.802.2%
+US$7.8b		17.1%PB1.3x
WFC Wells FargoUS$76.402.5%
+US$5.7b		3.3%PB1.4x
PNC PNC Financial Services GroupUS$219.232.8%
+US$2.4b		24.4%PB1.5x

Latest News

PNBK
US$1.07
Patriot National Bancorp
7D
-5.3%
1Y
-68.8%
WFC
US$76.40
Wells Fargo
7D
2.5%
1Y
3.3%
TFC
US$48.38
Truist Financial
7D
3.4%
1Y
20.9%
Narrative Update • May 24

TFC: Excess Capital And Tech Initiatives Will Support Future Risk Reward Upside

Truist Financial's updated analyst price target has edged higher to about $55.67, up roughly $0.85, as analysts factor in a slightly higher fair value, modest tweaks to growth and margin assumptions, and mixed recent research that includes both price target cuts and increases along with a valuation driven downgrade. Analyst Commentary Recent research on Truist Financial reflects a split view, with several firms adjusting price targets in both directions and one valuation driven downgrade.
PNC
US$219.23
PNC Financial Services Group
7D
2.8%
1Y
24.4%
NU
US$12.73
Nu Holdings
7D
3.6%
1Y
6.6%
New Narrative • May 24

Investment Analysis (May 2026)

Three key ideas before starting Before diving into the details, it is useful to establish three core conclusions that structure the entire analysis. The first is that Nu Holdings is currently trading at a historically low multiple relative to its growth profile.
C
US$125.09
Citigroup
7D
4.3%
1Y
65.7%
Narrative Update • May 24

C: AI Wealth Platform And Buybacks Will Support Constructive Outlook

Analysts have nudged their price target for Citigroup higher to about $146.93 from $142.50, tying this shift to updated assumptions around the discount rate, revenue growth, profit margin and future P/E expectations. What's in the News Citi Wealth launched Citi Sky, an AI powered virtual team member built with Google Cloud and Google DeepMind technology, designed to give U.S. clients market insights, prompts on CD maturities, and support for advisor conversations in English and Spanish, with a phased rollout to Citigold clients beginning this summer.
RBKB
US$15.50
Rhinebeck Bancorp
7D
-2.0%
1Y
34.1%
JPM
US$306.38
JPMorgan Chase
7D
3.6%
1Y
15.5%
FNWD
US$32.24
Finward Bancorp
7D
-3.4%
1Y
7.8%
BFC
US$141.87
Bank First
7D
-1.0%
1Y
22.7%
BAC
US$51.80
Bank of America
7D
2.2%
1Y
17.1%
MCHB
US$14.15
Mechanics Bancorp
7D
-3.3%
1Y
n/a
USB
US$54.83
U.S. Bancorp
7D
2.9%
1Y
25.4%
CZFS
US$63.60
Citizens Financial Services
7D
-1.1%
1Y
5.0%
LARK
US$27.07
Landmark Bancorp
7D
-1.9%
1Y
-1.4%
Seeking Alpha • May 08

Landmark Bancorp: Attractive At 8x Earnings

Summary Landmark Bancorp delivered solid Q1 results, with net interest income rising 15% mainly thanks to lower interest expenses. LARK retains about 75% of earnings, supporting tangible book value growth—now $20.89 per share, up from $17.77 last year. The stock trades at roughly 1.3x tangible book and a P/E of 8, presenting continued value as book value is projected to approach $25 next year. Fraud-related losses impacted Q1 by ~$0.43M, but management views this as non-recurring and remains confident in balance sheet resilience. Read the full article on Seeking Alpha
CBNA
US$36.65
Chain Bridge Bancorp
7D
-1.8%
1Y
37.6%
Analysis Article • May 04

Party Time: Brokers Just Made Major Increases To Their Chain Bridge Bancorp, Inc. (NYSE:CBNA) Earnings Forecasts

Shareholders in Chain Bridge Bancorp, Inc. ( NYSE:CBNA ) may be thrilled to learn that the analysts have just delivered...