U.S. Banks Industry Analysis
UpdatedOct 30, 2023
DataAggregated Company Financials
Companies778
- 7D-2.8%
- 3M-17.1%
- 1Y-19.2%
- YTD-16.4%
Over the last 7 days, the Banks industry has dropped 2.8%, driven by a pullback from JPMorgan Chase of 3.8%. However, the industry is down 19% over the past year. Looking forward, earnings are expected to remain mostly flat in the next few years.
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 |
|---|---|---|---|---|---|---|
| Tue, 31 Oct 2023 | US$1.4t | US$665.8b | US$195.2b | 7.8x | 7.3x | 2.1x |
| Thu, 28 Sep 2023 | US$1.5t | US$656.7b | US$191.6b | 7.8x | 7.9x | 2.3x |
| Sat, 26 Aug 2023 | US$1.6t | US$656.9b | US$191.7b | 8.1x | 8.1x | 2.4x |
| Mon, 24 Jul 2023 | US$1.7t | US$654.4b | US$191.5b | 8.3x | 8.8x | 2.6x |
| Wed, 21 Jun 2023 | US$1.6t | US$642.3b | US$184.2b | 7.9x | 8.5x | 2.4x |
| Fri, 19 May 2023 | US$1.5t | US$642.3b | US$184.2b | 7.6x | 8.1x | 2.3x |
| Sun, 16 Apr 2023 | US$1.5t | US$633.1b | US$171.6b | 8.3x | 9x | 2.4x |
| Tue, 14 Mar 2023 | US$1.5t | US$617.6b | US$163.5b | 8.5x | 9.2x | 2.4x |
| Thu, 09 Feb 2023 | US$1.9t | US$616.6b | US$163.3b | 9.7x | 11.5x | 3.1x |
| Sat, 07 Jan 2023 | US$1.8t | US$611.7b | US$164.2b | 9.8x | 10.8x | 2.9x |
| Mon, 05 Dec 2022 | US$1.8t | US$611.6b | US$164.1b | 10x | 11.1x | 3x |
| Wed, 02 Nov 2022 | US$1.8t | US$535.6b | US$163.9b | 9.8x | 11x | 3.4x |
| Fri, 30 Sep 2022 | US$1.6t | US$608.5b | US$167.7b | 9.4x | 9.6x | 2.6x |
| Sun, 28 Aug 2022 | US$1.8t | US$608.5b | US$167.7b | 9.9x | 10.5x | 2.9x |
| Tue, 26 Jul 2022 | US$1.7t | US$605.7b | US$167.8b | 9.6x | 10.3x | 2.8x |
| Thu, 23 Jun 2022 | US$1.7t | US$616.0b | US$179.5b | 9.6x | 9.3x | 2.7x |
| Sat, 21 May 2022 | US$1.7t | US$616.0b | US$179.4b | 9.7x | 9.6x | 2.8x |
| Mon, 18 Apr 2022 | US$1.9t | US$619.9b | US$182.9b | 10.1x | 10.2x | 3x |
| Wed, 16 Mar 2022 | US$2.0t | US$637.2b | US$196.3b | 10.6x | 10.3x | 3.2x |
| Fri, 11 Feb 2022 | US$2.3t | US$636.4b | US$196.1b | 10.8x | 11.7x | 3.6x |
| Sun, 09 Jan 2022 | US$2.4t | US$624.5b | US$192.9b | 11.2x | 12.2x | 3.8x |
| Tue, 07 Dec 2021 | US$2.1t | US$623.6b | US$193.0b | 10.8x | 11x | 3.4x |
| Thu, 04 Nov 2021 | US$2.3t | US$625.1b | US$192.9b | 10.8x | 11.8x | 3.6x |
| Sat, 02 Oct 2021 | US$2.2t | US$601.9b | US$180.9b | 11.3x | 12x | 3.6x |
| Mon, 30 Aug 2021 | US$2.1t | US$602.6b | US$181.0b | 11x | 11.5x | 3.5x |
| Tue, 06 Jul 2021 | US$2.1t | US$604.8b | US$181.3b | 10.9x | 11.4x | 3.4x |
| Fri, 09 Apr 2021 | US$2.0t | US$548.9b | US$139.9b | 11.5x | 14.4x | 3.7x |
| Thu, 31 Dec 2020 | US$1.6t | US$494.4b | US$96.9b | 11.1x | 16.8x | 3.3x |
Price to Earnings Ratio
13.8x
Current Industry PE
- Investors are pessimistic on the American Banks industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 7.3x which is lower than its 3-year average PE of 11.5x.
- The 3-year average PS ratio of 3.1x is higher than the industry's current PS ratio of 2.1x.
Past Earnings Growth
- The earnings for companies in the Banks industry have grown 29% per year over the last three years.
- Revenues for these companies have grown 11% 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 | -2.42% | |
| Financials | -2.24% | |
| Banks | -2.81% | |
| Regional Banks | -0.44% | |
| Diversified Banks | -3.77% | |
Industry PE
- Investors are most optimistic about the Regional Banks industry even though it's trading below its 3-year average PE ratio of 12.3x.
- Analysts are expecting annual earnings growth of 0.2%, which is lower than the prior year's growth of 2.1% per year.
- Investors are most pessimistic about the Diversified Banks industry, which is trading below its 3-year average of 11.0x.
Forecasted Growth
- Analysts are most optimistic on the Diversified Banks industry, expecting annual earnings growth of 0.5% over the next 5 years.
- In contrast, the Regional Banks industry is expected to see its earnings growth to stay flat 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 | |
|---|---|---|---|---|---|
| TFC Truist Financial | US$28.18 | 4.3% +US$1.5b | -37.1% | PB0.7x | |
| PNC PNC Financial Services Group | US$112.89 | 2.9% +US$1.3b | -30.2% | PB0.9x | |
| FCNC.A First Citizens BancShares | US$1.39k | 6.2% +US$1.2b | 70.9% | PB1x | |
| BAC Bank of America | US$25.69 | 0.5% +US$950.8m | -28.7% | PB0.8x | |
| CFR Cullen/Frost Bankers | US$91.36 | 7.7% +US$413.7m | -41.1% | PB2.1x |
