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U.S. Banks Industry Analysis

UpdatedMay 13, 2024
DataAggregated Company Financials
Companies690
  • 7D2.0%
  • 3M13.6%
  • 1Y42.2%
  • YTD9.9%

In the last week, the Banks industry is up 2.0%, with JPMorgan Chase up 3.5%. In the same time, Nu Holdings was down 5.2%. This means that the industry has gained 42% over the past year. As for the next few years, earnings are expected to grow by 9.2% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 14 May 2024US$2.0tUS$655.2bUS$151.0b9.8x13.3x3.1x
Thu, 11 Apr 2024US$2.0tUS$653.6bUS$166.1b9.2x12x3x
Sat, 09 Mar 2024US$1.9tUS$654.2bUS$166.3b9.5x11.6x2.9x
Mon, 05 Feb 2024US$1.8tUS$662.9bUS$171.6b9.7x10.6x2.7x
Wed, 03 Jan 2024US$1.9tUS$668.2bUS$195.6b9.4x9.5x2.8x
Fri, 01 Dec 2023US$1.6tUS$668.0bUS$195.5b8.5x8.4x2.4x
Sun, 29 Oct 2023US$1.4tUS$665.8bUS$195.2b7.8x7.3x2.1x
Tue, 26 Sep 2023US$1.5tUS$656.8bUS$191.7b7.9x8x2.3x
Thu, 24 Aug 2023US$1.6tUS$656.8bUS$191.7b8.2x8.1x2.4x
Sat, 22 Jul 2023US$1.7tUS$654.4bUS$191.6b8.3x8.8x2.6x
Mon, 19 Jun 2023US$1.6tUS$642.3bUS$184.2b7.9x8.5x2.5x
Wed, 17 May 2023US$1.4tUS$642.3bUS$184.2b7.4x7.8x2.2x
Fri, 14 Apr 2023US$1.5tUS$624.0bUS$165.4b8.4x9.1x2.4x
Sun, 12 Mar 2023US$1.6tUS$617.8bUS$163.5b9x9.9x2.6x
Tue, 07 Feb 2023US$1.9tUS$616.8bUS$163.3b9.8x11.5x3x
Thu, 05 Jan 2023US$1.8tUS$611.6bUS$164.2b9.7x10.7x2.9x
Sat, 03 Dec 2022US$1.8tUS$611.6bUS$164.1b10x11.1x3x
Mon, 31 Oct 2022US$1.8tUS$611.6bUS$163.9b9.8x10.9x2.9x
Wed, 28 Sep 2022US$1.6tUS$608.5bUS$167.7b9.5x9.6x2.6x
Fri, 26 Aug 2022US$1.8tUS$608.5bUS$167.7b10x10.7x2.9x
Sun, 24 Jul 2022US$1.7tUS$605.8bUS$168.1b9.5x10.2x2.8x
Tue, 21 Jun 2022US$1.6tUS$615.9bUS$179.4b9.5x9.1x2.7x
Thu, 19 May 2022US$1.8tUS$616.0bUS$179.4b9.7x9.9x2.9x
Sat, 16 Apr 2022US$1.9tUS$622.1bUS$186.5b10.1x10x3x
Mon, 14 Mar 2022US$2.0tUS$637.2bUS$196.3b10.6x10.2x3.1x
Wed, 09 Feb 2022US$2.3tUS$636.1bUS$196.0b10.9x11.8x3.6x
Fri, 07 Jan 2022US$2.3tUS$624.5bUS$192.9b11.2x12x3.7x
Sun, 05 Dec 2021US$2.1tUS$623.6bUS$193.0b10.6x10.9x3.4x
Tue, 02 Nov 2021US$2.2tUS$624.2bUS$192.6b10.9x11.7x3.6x
Thu, 30 Sep 2021US$2.2tUS$601.9bUS$180.9b11.2x11.9x3.6x
Sat, 28 Aug 2021US$2.1tUS$602.6bUS$181.0b11.1x11.8x3.5x
Sun, 04 Jul 2021US$2.1tUS$604.8bUS$181.3b10.9x11.4x3.4x
Price to Earnings Ratio

15.6x


Total Market Cap: US$2.2tTotal Earnings: US$140.0bTotal Revenue: US$549.0bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Banks Industry Price to Earnings3Y Average 10.4x202220232024
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 13.3x 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 grown 2.6% per year over the last three years.
  • Revenues for these companies have grown 6.1% 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 Market0.58%
Financials1.65%
Banks1.98%
Diversified Banks2.39%
Regional Banks0.84%
Industry PE
  • Investors are most optimistic about the Regional Banks industry which is trading above its 3-year average PE ratio of 11.2x.
    • Analysts are expecting annual earnings growth of 18.5%, which is higher than its past year's earnings decline of 13.6% 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 9.9x.
Forecasted Growth
  • Analysts are most optimistic on the Regional Banks industry, expecting annual earnings growth of 19% over the next 5 years.
  • This is better than its past earnings decline of 14% per year.
  • In contrast, the Diversified Banks industry is expected to see its earnings grow by 6.1% 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$198.733.5%
+US$19.3b		47.0%PB1.9x
BAC Bank of AmericaUS$38.211.4%
+US$4.1b		38.2%PB1.1x
WFC Wells FargoUS$61.261.8%
+US$3.7b		58.0%PB1.3x
C CitigroupUS$63.400.9%
+US$1.1b		37.7%PB0.6x
MTB M&T BankUS$153.793.0%
+US$759.2m		33.9%PB1x
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Burke & Herbert Financial Services

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-3.2%

1Y

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KEY

US$14.88

KeyCorp

7D

-1.7%

1Y

55.2%

JPM

US$198.73

JPMorgan Chase

7D

3.5%

1Y

47.0%

WFC

US$61.26

Wells Fargo

7D

1.8%

1Y

58.0%

FCNC.A

US$1,742.85

First Citizens BancShares

7D

1.0%

1Y

37.7%

EWBC

US$77.18

East West Bancorp

7D

-0.4%

1Y

64.5%

TFC

US$39.18

Truist Financial

7D

-0.6%

1Y

40.6%

C

US$63.40

Citigroup

7D

0.9%

1Y

37.7%

USB

US$41.49

U.S. Bancorp

7D

-0.8%

1Y

39.9%

MTB

US$153.79

M&T Bank

7D

3.0%

1Y

33.9%

PNC

US$158.05

PNC Financial Services Group

7D

1.0%

1Y

39.0%

BAC

US$38.21

Bank of America

7D

1.4%

1Y

38.2%

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UMBF

US$83.77

UMB Financial

7D

2.0%

1Y

46.5%

WBS

US$45.49

Webster Financial

7D

-1.3%

1Y

36.4%

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NU

US$11.38

Nu Holdings

7D

-5.2%

1Y

86.9%

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BANC

US$13.52

Banc of California

7D

-8.6%

1Y

n/a