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U.S. Banks Industry Analysis

UpdatedAug 09, 2026
DataAggregated Company Financials
Companies618
  • 7D1.1%
  • 3M16.3%
  • 1Y28.0%
  • YTD10.3%

In the last week, the Banks industry is up 1.1%, with JPMorgan Chase up 1.6%. This takes the industry's 12 month performance to a gain of 28%. As for the next few years, earnings are expected to grow by 7.0% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 09 Aug 2026US$3.1tUS$760.8bUS$219.9b12x14x4x
Tue, 07 Jul 2026US$3.0tUS$728.4bUS$205.0b12.2x14.7x4.1x
Thu, 04 Jun 2026US$2.7tUS$728.7bUS$205.0b11.3x13.4x3.8x
Sat, 02 May 2026US$2.8tUS$727.7bUS$204.6b11.4x13.7x3.8x
Mon, 30 Mar 2026US$2.5tUS$707.1bUS$195.5b11.1x13x3.6x
Wed, 25 Feb 2026US$2.7tUS$706.9bUS$195.7b11.7x13.9x3.8x
Fri, 23 Jan 2026US$2.8tUS$706.3bUS$194.2b12.1x14.3x3.9x
Sun, 21 Dec 2025US$2.8tUS$696.2bUS$192.4b11.9x14.7x4.1x
Tue, 18 Nov 2025US$2.6tUS$696.0bUS$192.4b10.9x13.6x3.8x
Thu, 16 Oct 2025US$2.6tUS$689.5bUS$188.7b11.6x13.9x3.8x
Sat, 13 Sep 2025US$2.7tUS$677.7bUS$183.9b11.8x14.6x4x
Mon, 11 Aug 2025US$2.5tUS$678.1bUS$183.7b11.2x13.6x3.7x
Wed, 09 Jul 2025US$2.6tUS$668.4bUS$177.0b11.9x14.6x3.9x
Fri, 06 Jun 2025US$2.3tUS$668.7bUS$177.1b11x13.2x3.5x
Sun, 04 May 2025US$2.3tUS$667.9bUS$176.6b11.1x12.8x3.4x
Tue, 01 Apr 2025US$2.2tUS$663.1bUS$172.0b11.2x13x3.4x
Thu, 27 Feb 2025US$2.4tUS$662.8bUS$171.9b11.7x13.9x3.6x
Sat, 25 Jan 2025US$2.5tUS$659.9bUS$167.6b12.3x14.8x3.8x
Mon, 23 Dec 2024US$2.3tUS$655.1bUS$143.0b12.4x16.2x3.5x
Wed, 20 Nov 2024US$2.4tUS$654.9bUS$143.0b12.8x17.1x3.7x
Fri, 18 Oct 2024US$2.2tUS$651.7bUS$143.5b12.1x15.7x3.5x
Sun, 15 Sep 2024US$2.1tUS$654.3bUS$145.7b11.5x14.2x3.2x
Tue, 13 Aug 2024US$2.0tUS$652.5bUS$145.4b10.9x13.9x3.1x
Thu, 11 Jul 2024US$2.1tUS$649.2bUS$149.5b10.1x13.7x3.2x
Sat, 08 Jun 2024US$2.0tUS$655.4bUS$151.1b9.6x13x3x
Mon, 06 May 2024US$2.0tUS$653.4bUS$159.8b9.7x12.3x3x
Wed, 03 Apr 2024US$2.0tUS$653.6bUS$166.1b9.5x12x3.1x
Fri, 01 Mar 2024US$1.9tUS$654.3bUS$168.8b9.4x11x2.8x
Sun, 28 Jan 2024US$1.8tUS$664.1bUS$172.9b10x10.7x2.8x
Tue, 26 Dec 2023US$1.8tUS$668.0bUS$195.5b9.5x9.3x2.7x
Thu, 23 Nov 2023US$1.6tUS$668.0bUS$195.5b8.5x8.3x2.4x
Sat, 21 Oct 2023US$1.5tUS$665.6bUS$196.0b7.7x7.5x2.2x
Mon, 18 Sep 2023US$1.6tUS$656.8bUS$191.7b8.1x8.2x2.4x
Wed, 16 Aug 2023US$1.6tUS$656.4bUS$191.4b8.4x8.4x2.5x
Price to Earnings Ratio

8.4x


Total Market Cap: US$1.6tTotal Earnings: US$191.4bTotal Revenue: US$656.4bTotal 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 4.7% per year over the last three years.
  • Revenues for these companies have grown 5.0% 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 Market4.18%
Financials1.27%
Banks1.10%
Diversified Banks1.34%
Regional Banks0.43%
Industry PE
  • Investors are most optimistic about the Diversified Banks industry which is trading above its 3-year average PE ratio of 12.6x.
    • Analysts are expecting annual earnings growth of 4.9%, which is lower than the prior year's growth of 18.3% 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 14% 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 4.9% 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$357.521.6%
+US$15.2b		23.8%PB2.7x
BAC Bank of AmericaUS$63.172.0%
+US$8.5b		37.3%PB1.6x
C CitigroupUS$135.001.9%
+US$4.3b		45.6%PB1.2x
WFC Wells FargoUS$87.250.9%
+US$2.4b		12.1%PB1.6x
USB U.S. BancorpUS$63.941.5%
+US$1.5b		42.5%PB1.6x

Latest News

AGBK
US$6.20
AGI
7D
-12.7%
1Y
n/a
NU
US$13.84
Nu Holdings
7D
-3.4%
1Y
12.5%
Seeking Alpha • Aug 08

Nu Holdings Q2 Earnings Preview: Take Advantage Of A Clear Catalyst And A Compelling Valuation

Summary Nu Holdings is upgraded to a strong buy ahead of Q2 2026, citing the best entry point since April 2024. Desenrola 2.0, Brazil’s consumer debt relief program, is a key catalyst, with NU leading 40% of renegotiated debt volume. Expected benefits include improved NPLs by 40–50 bps, NIM up 70 bps QoQ, and potential $18 million unlocked in provisions. Valuation is compelling at 15x forward earnings, with a 26% upside to 19x, supported by strong medium-term catalysts and a safety margin. Read the full article on Seeking Alpha
PNC
US$252.56
PNC Financial Services Group
7D
1.1%
1Y
33.1%
Seeking Alpha • Aug 08

PNC Financial: Coast-To-Coast Banking Expansion Continues

Summary PNC Financial is transitioning from a regional to a national bank, leveraging its FirstBank acquisition for coast-to-coast expansion. Q2 2026 results validated the growth thesis, with average loans up 12.5% and diluted EPS surging 26% to $4.85, beating consensus by $0.30. PNC offers a 3.2% dividend yield, supported by a high 30% payout ratio, a recent 18% dividend hike, and ongoing $700 million quarterly buybacks. Shares trade at a 6% discount to the $265 fair value estimate, with 11%+ annual total return potential, but face risks from fee income volatility and economic softness. Read the full article on Seeking Alpha
BAP
US$386.93
Credicorp
7D
-3.4%
1Y
55.3%
Narrative Update • Aug 08

BAP: Higher Margins And Dividend Outlook Will Sustain Overvaluation Risk

Analysts have raised their price target for Credicorp to $299.15 from $290.00, citing updated assumptions for revenue growth, profit margins and future P/E, as well as a slightly lower discount rate. What's in the News Credicorp announced an annual dividend of US$14.6379 per share, with payment scheduled for June 12, 2026, ex dividend date on May 18, 2026 and record date on May 18, 2026.
JPM
US$357.52
JPMorgan Chase
7D
1.6%
1Y
23.8%
IBOC
US$73.55
International Bancshares
7D
-3.9%
1Y
6.9%
FLG
US$13.95
Flagstar Bank National Association
7D
-1.9%
1Y
20.7%
INTR
US$5.27
Inter & Co
7D
-5.9%
1Y
-32.3%
WFC
US$87.25
Wells Fargo
7D
0.9%
1Y
12.1%
CFR
US$164.50
Cullen/Frost Bankers
7D
-1.1%
1Y
33.4%
Narrative Update • Aug 04

CFR: Texas Expansion And Margin Outlook Will Support Balanced Future Potential

Analysts have raised their fair value estimate for Cullen/Frost Bankers to $167.50 from $159.00, citing updated assumptions for discount rates, revenue growth, profit margins, and future P/E expectations. What's in the News Cullen/Frost Bankers reported Q2 2026 revenue of $575.3 million, which was slightly below analyst expectations, while adjusted EPS of $2.70 was above estimates.
BAC
US$63.17
Bank of America
7D
2.0%
1Y
37.3%
TFSL
US$17.59
TFS Financial
7D
-4.5%
1Y
38.4%
C
US$135.00
Citigroup
7D
1.9%
1Y
45.6%
Narrative Update • Aug 03

C: Digital Expansion And Capital Returns Will Shape Future Risk Reward Balance

Citigroup's analyst price target has been adjusted from about $126 to about $132, reflecting analysts' updated assumptions around fair value, discount rate, revenue growth, profit margin and expected future P/E multiples. What’s in the News for Citigroup Citigroup is a key player in the growing market for leveraged exchange traded funds and is using exotic options known as crash puts to transfer extreme downside risk to investors who are prepared to take it.
TFC
US$52.35
Truist Financial
7D
1.0%
1Y
21.5%
HBAN
US$17.55
Huntington Bancshares
7D
3.0%
1Y
9.1%
USB
US$63.94
U.S. Bancorp
7D
1.5%
1Y
42.5%