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U.S. Banks Industry Analysis

UpdatedJul 27, 2026
DataAggregated Company Financials
Companies619
  • 7D1.1%
  • 3M10.7%
  • 1Y21.3%
  • YTD9.5%

Over the last 7 days, the Banks industry has risen 1.1%, driven by gains from JPMorgan Chase of 4.2%. This means that the industry has gained 21% over the past year. As for the next few years, earnings are expected to grow by 6.8% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 27 Jul 2026US$3.1tUS$759.8bUS$219.8b11.9x13.9x4x
Wed, 24 Jun 2026US$2.9tUS$729.1bUS$205.1b12x14.4x4x
Fri, 22 May 2026US$2.7tUS$728.8bUS$205.0b11.5x13.2x3.7x
Sun, 19 Apr 2026US$2.8tUS$721.7bUS$201.9b11.9x13.9x3.9x
Tue, 17 Mar 2026US$2.5tUS$707.1bUS$195.5b11.2x12.9x3.6x
Thu, 12 Feb 2026US$2.9tUS$706.1bUS$195.4b11.8x14.9x4.1x
Sat, 10 Jan 2026US$2.9tUS$693.7bUS$191.7b11.9x15.2x4.2x
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
Price to Earnings Ratio

8.5x


Total Market Cap: US$1.6tTotal Earnings: US$189.1bTotal Revenue: US$655.0bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Banks Industry Price to Earnings3Y Average 13x202420252026
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 13.0x.
  • The 3-year average PS ratio of 3.4x 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 5.1% per year over the last three years.
  • Revenues for these companies have grown 5.1% 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-1.05%
Financials-0.029%
Banks1.05%
Diversified Banks1.82%
Regional Banks-1.04%
Industry PE
  • Investors are most optimistic about the Diversified Banks industry which is trading above its 3-year average PE ratio of 12.5x.
    • Analysts are expecting annual earnings growth of 4.8%, which is lower than the prior year's growth of 18.7% per year.
  • Investors are most pessimistic about the Regional Banks industry, which is trading close to its 3-year average of 14.7x.
Forecasted Growth
  • Analysts are most optimistic on the Regional Banks industry, expecting annual earnings growth of 13% over the next 5 years.
  • However this is lower than its past earnings growth rate of 25% per year.
  • In contrast, the Diversified Banks industry is expected to see its earnings grow by 4.8% 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$353.214.2%
+US$38.1b		18.4%PB2.7x
BAC Bank of AmericaUS$62.052.7%
+US$11.4b		28.7%PB1.6x
C CitigroupUS$132.192.7%
+US$5.8b		38.3%PB1.2x
USB U.S. BancorpUS$63.971.3%
+US$1.3b		38.8%PB1.6x
TFC Truist FinancialUS$51.761.5%
+US$928.4m		14.8%PB1.1x

Latest News

PNFP
US$102.60
Pinnacle Financial Partners
7D
3.2%
1Y
11.7%
ZION
US$69.29
Zions Bancorporation National Association
7D
-3.6%
1Y
25.2%
WTFC
US$158.66
Wintrust Financial
7D
-3.1%
1Y
20.2%
KEY
US$22.65
KeyCorp
7D
-2.9%
1Y
22.8%
FCNC.A
US$2,160.65
First Citizens BancShares
7D
4.1%
1Y
5.4%
Narrative Update • Jul 26

FCNC.A: Rate Backdrop, Credit Trends And Buybacks Will Shape Future Risk Balance

Analysts have lifted the fair value estimate for First Citizens BancShares from about $2,259 to roughly $2,305. This reflects higher Street price targets clustered around $2,300 to $2,450, along with updated assumptions for slightly lower revenue growth, modestly stronger profit margins, and a steady forward P/E outlook.
FLG
US$13.85
Flagstar Bank National Association
7D
-6.7%
1Y
21.9%
NU
US$14.09
Nu Holdings
7D
0.7%
1Y
11.7%
Narrative Update • Jul 25

NU: Banking License Expansion Will Eventually Expose Credit Quality And Margin Risks

Analysts have modestly lifted their price target on Nu Holdings to $12.17 from $11.91. This reflects updated assumptions around discount rates, revenue, profit margins, and future P/E multiples.
EWBC
US$131.00
East West Bancorp
7D
-2.2%
1Y
26.1%
GBCI
US$50.27
Glacier Bancorp
7D
-3.9%
1Y
8.2%
C
US$132.19
Citigroup
7D
2.7%
1Y
38.3%
BAC
US$62.05
Bank of America
7D
2.7%
1Y
28.7%
HBAN
US$17.36
Huntington Bancshares
7D
-3.9%
1Y
4.3%
COLB
US$31.15
Columbia Banking System
7D
-5.0%
1Y
26.8%
TFC
US$51.76
Truist Financial
7D
1.5%
1Y
14.8%
USB
US$63.97
U.S. Bancorp
7D
1.3%
1Y
38.8%
JPM
US$353.21
JPMorgan Chase
7D
4.2%
1Y
18.4%
Seeking Alpha • Jul 19

JPMorgan: Deep Value Despite Premium P/B (Rating Upgrade)

Summary J.P. Morgan Chase delivered record Q2 results, beating top and bottom line estimates with strong loan and deposit growth. JPM achieved 10% year-over-year net interest income growth, driven by a $1.5 trillion average loan base and a favorable rate environment. Book value per share reached a new record of $133.01, up 9% year-over-year, supporting JPM's premium valuation versus peers. JPM remains a safe haven, well-positioned to benefit from slow Fed rate cuts and ongoing U.S. financial sector growth. Read the full article on Seeking Alpha