U.S. Banks Industry Analysis
UpdatedAug 08, 2024
DataAggregated Company Financials
Companies682
- 7D-8.4%
- 3M-1.0%
- 1Y20.5%
- YTD8.2%
Over the last 7 days, the Banks industry has dropped 8.4%, driven by a pullback from JPMorgan Chase of 5.8%. This takes the industry's 12 month performance to a gain of 20%. Earnings are forecast to grow by 10% annually.
Industry Valuation and Performance
Has the U.S. Banks Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 08 Aug 2024 | US$2.0t | US$652.3b | US$145.4b | 10.9x | 13.6x | 3x |
| Sat, 06 Jul 2024 | US$2.0t | US$649.1b | US$149.5b | 9.8x | 13.7x | 3.1x |
| Mon, 03 Jun 2024 | US$2.0t | US$655.5b | US$151.2b | 9.7x | 13.3x | 3.1x |
| Wed, 01 May 2024 | US$1.9t | US$653.5b | US$162.2b | 9.5x | 11.9x | 3x |
| Fri, 29 Mar 2024 | US$2.0t | US$654.2b | US$166.3b | 9.6x | 12.1x | 3.1x |
| Sun, 25 Feb 2024 | US$1.9t | US$652.7b | US$168.2b | 9.4x | 11x | 2.8x |
| Tue, 23 Jan 2024 | US$1.8t | US$666.3b | US$175.7b | 9.4x | 10.4x | 2.7x |
| Thu, 21 Dec 2023 | US$1.8t | US$667.9b | US$195.5b | 9.4x | 9.4x | 2.8x |
| Sat, 18 Nov 2023 | US$1.6t | US$667.9b | US$195.5b | 8.6x | 8.2x | 2.4x |
| Mon, 16 Oct 2023 | US$1.5t | US$665.7b | US$197.0b | 7.7x | 7.6x | 2.3x |
| Wed, 13 Sep 2023 | US$1.5t | US$656.8b | US$191.7b | 8.1x | 8.1x | 2.4x |
| Fri, 11 Aug 2023 | US$1.7t | US$656.3b | US$191.4b | 8.6x | 8.7x | 2.5x |
| Sun, 09 Jul 2023 | US$1.6t | US$641.8b | US$184.0b | 7.8x | 8.5x | 2.4x |
| Tue, 06 Jun 2023 | US$1.5t | US$642.2b | US$184.2b | 7.6x | 8.4x | 2.4x |
| Thu, 04 May 2023 | US$1.5t | US$641.5b | US$174.6b | 7.6x | 8.3x | 2.3x |
| Sat, 01 Apr 2023 | US$1.5t | US$623.9b | US$165.4b | 8.4x | 9.2x | 2.4x |
| Mon, 27 Feb 2023 | US$1.8t | US$617.4b | US$163.2b | 9.6x | 11.2x | 3x |
| Wed, 25 Jan 2023 | US$1.8t | US$614.3b | US$162.9b | 9.8x | 11x | 2.9x |
| Fri, 23 Dec 2022 | US$1.7t | US$611.6b | US$164.2b | 9.7x | 10.3x | 2.8x |
| Sun, 20 Nov 2022 | US$1.8t | US$611.6b | US$164.1b | 10x | 11.1x | 3x |
| Tue, 18 Oct 2022 | US$1.7t | US$609.0b | US$167.8b | 9.6x | 9.9x | 2.7x |
| Thu, 15 Sep 2022 | US$1.7t | US$608.5b | US$167.7b | 9.7x | 10.4x | 2.9x |
| Sat, 13 Aug 2022 | US$1.9t | US$608.0b | US$167.5b | 10.1x | 11.1x | 3.1x |
| Mon, 11 Jul 2022 | US$1.7t | US$615.4b | US$179.3b | 9.5x | 9.3x | 2.7x |
| Wed, 08 Jun 2022 | US$1.9t | US$615.9b | US$179.4b | 9.9x | 10.3x | 3x |
| Fri, 06 May 2022 | US$1.8t | US$617.8b | US$180.0b | 10x | 10.2x | 3x |
| Sun, 03 Apr 2022 | US$2.0t | US$630.9b | US$194.4b | 10.3x | 10.2x | 3.1x |
| Tue, 01 Mar 2022 | US$2.2t | US$637.2b | US$196.3b | 10.7x | 11x | 3.4x |
| Thu, 27 Jan 2022 | US$2.2t | US$634.4b | US$195.5b | 10.9x | 11.1x | 3.4x |
| Sat, 25 Dec 2021 | US$2.2t | US$624.5b | US$192.9b | 10.8x | 11.2x | 3.5x |
| Mon, 22 Nov 2021 | US$2.2t | US$624.1b | US$193.2b | 10.9x | 11.3x | 3.5x |
| Wed, 20 Oct 2021 | US$2.2t | US$637.2b | US$194.3b | 11.3x | 11.4x | 3.5x |
| Fri, 17 Sep 2021 | US$2.0t | US$601.9b | US$180.9b | 10.7x | 11.3x | 3.4x |
| Sun, 15 Aug 2021 | US$2.1t | US$602.6b | US$181.0b | 11.1x | 11.6x | 3.5x |
Price to Earnings Ratio
11.6x
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 13.6x which is higher than its 3-year average PE of 10.4x.
- The industry is trading close to its 3-year average PS ratio of 2.9x.
Past Earnings Growth
- The earnings for companies in the Banks industry have declined 7.0% per year over the last three years.
- Meanwhile revenues for these companies have grown 2.7% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the U.S. Financials industry?
| US Market | -5.71% | |
| Financials | -5.96% | |
| Banks | -8.35% | |
| Diversified Banks | -7.91% | |
| Regional Banks | -9.45% | |
Industry PE
- Investors are most optimistic about the Regional Banks industry which is trading above its 3-year average PE ratio of 11.4x.
- Analysts are expecting annual earnings growth of 22.3%, which is higher than its past year's earnings decline of 15.6% per year.
- Investors are most pessimistic about the Diversified Banks industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 10.0x.
Forecasted Growth
- Analysts are most optimistic on the Regional Banks industry, expecting annual earnings growth of 22% over the next 5 years.
- This is better than its past earnings decline of 16% per year.
- In contrast, the Diversified Banks industry is expected to see its earnings grow by 5.7% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| CSTR CapStar Financial Holdings | US$20.10 | 3.7% +US$14.8m | 34.9% | PB1.2x | |
| AMNB American National Bankshares | US$47.76 | 2.2% +US$11.2m | 53.4% | PB1.5x | |
| CVCY Central Valley Community Bancorp | US$19.89 | 3.6% +US$8.3m | -1.1% | PB1.1x | |
| LBAI Lakeland Bancorp | US$13.43 | 0.9% +US$7.8m | 0.5% | PB0.7x | |
| FSFG First Savings Financial Group | US$21.99 | 2.1% +US$3.1m | 27.8% | PB0.9x |
