U.S. Bancorp (USB)

NYSE: USB · IEX Real-Time Price · USD
39.45
-1.55 (-3.78%)
Apr 17, 2024, 2:25 PM EDT - Market open
-3.78%
Market Cap 61.41B
Revenue (ttm) 25.74B
Net Income (ttm) 5.05B
Shares Out 1.56B
EPS (ttm) 3.27
PE Ratio 11.96
Forward PE 9.97
Dividend $1.96 (4.98%)
Ex-Dividend Date Mar 27, 2024
Volume 9,806,545
Open 39.50
Previous Close 41.00
Day's Range 38.79 - 39.97
52-Week Range 27.27 - 45.85
Beta 1.05
Analysts Buy
Price Target 47.23 (+19.89%)
Earnings Date Apr 17, 2024

About USB

U.S. Bancorp, a financial services holding company, provides various financial services to individuals, businesses, institutional organizations, governmental entities, and other financial institutions in the United States. It operates through Wealth, Corporate, Commercial and Institutional Banking; Consumer and Business Banking; Payment Services; and Treasury and Corporate Support segments. The company offers depository services, including checking accounts, savings accounts, and time certificate contracts; and lending services, such as traditi... [Read more]

Sector Financials
Founded 1863
Employees 75,465
Stock Exchange NYSE
Ticker Symbol USB
Full Company Profile

Financial Performance

In 2023, U.S. Bancorp's revenue was $25.74 billion, an increase of 15.90% compared to the previous year's $22.21 billion. Earnings were $5.05 billion, a decrease of -8.18%.

Financial Statements

Analyst Forecast

According to 24 analysts, the average rating for USB stock is "Buy." The 12-month stock price forecast is $47.23, which is an increase of 19.89% from the latest price.

Price Target
$47.23
(19.89% upside)
Analyst Consensus: Buy
Stock Forecasts

News

U.S. Bancorp Interest Income Dips as Customer Caution Continues

U.S. Bancorp is forecasting a decline in net interest income for this year.  In announcing its earnings Wednesday (April 17), the lender said it anticipates net interest income (NII) of $16.1 billion ...

1 hour ago - PYMNTS

BA 787 Dreamliner Unsafe & ASML, JBHT, USB Trading Lower

A Boeing (BA) whistleblower claims that the 787 Dreamliner is unsafe to fly. ASML (ASML) falls after missing 1Q earnings and issuing 2Q guidance.

Other symbols: ASMLJBHT
1 hour ago - Schwab Network

US Bancorp Stock Slips Following Q1 Revenue Decline, Guidance Cut

U.S. Bancorp (USB) shares dipped Wednesday as the regional bank posted lower first-quarter revenue, increased its provision for credit losses, and cut its guidance.

2 hours ago - Investopedia

U.S. Bancorp earnings disappoint and stock price falls

On April 17th, U.S. Bancorp reported its Q1 2024 financial results, before US markets opened this morning. The results exceeded analysts' expectations, but were still generally lackluster as compared ...

5 hours ago - Invezz

U.S. Bancorp Reports First Quarter 2024 Results

MINNEAPOLIS--(BUSINESS WIRE)--U.S. Bancorp Reports First Quarter 2024 Results.

7 hours ago - Business Wire

U.S. Bank Ranks #1 in Investor Satisfaction with Full-Service Wealth Management Firms in 2024 J.D. Power Study

MINNEAPOLIS--(BUSINESS WIRE)--U.S. Bank is No. 1 in overall customer satisfaction for Wealth Management in the J.D. Power 2024 U.S. Full-Service Investor Satisfaction Study, the bank shared today. The...

19 days ago - Business Wire

Bank of America downgraded after hot stock run, while U.S. Bancorp and PNC get boost

Bank of America Corp.'s double-digit percentage stock runup in the last six months has prompted a ratings cut to hold from buy at HSBC, analyst Saul Martinez said Thursday in a research note.

Other symbols: BACPNC
20 days ago - Market Watch

U.S. Bancorp Announces First Quarter Earnings Conference Call Details

MINNEAPOLIS--(BUSINESS WIRE)--U.S. Bancorp Announces First Quarter Earnings Conference Call Details.

21 days ago - Business Wire

U.S. Bancorp announces quarterly dividends

MINNEAPOLIS--(BUSINESS WIRE)--U.S. Bancorp announces quarterly dividends.

5 weeks ago - Business Wire

Update Regarding U.S. Bancorp Presentation at the RBC Capital Markets Global Financial Institutions Conference

MINNEAPOLIS--(BUSINESS WIRE)--Update Regarding U.S. Bancorp Presentation at the RBC Capital Markets Global Financial Institutions Conference.

6 weeks ago - Business Wire

U.S. Bancorp to speak at the RBC Capital Markets Global Financial Institutions Conference

MINNEAPOLIS--(BUSINESS WIRE)--U.S. Bancorp to speak at the RBC Capital Markets Global Financial Institutions Conference.

7 weeks ago - Business Wire

U.S. Bank Adds New Division to Serve Private Capital Asset Managers

MINNEAPOLIS--(BUSINESS WIRE)--U.S. Bank today announced it has launched a new division dedicated to serving private capital firms and global asset managers. The Private Capital and Global Asset Manage...

7 weeks ago - Business Wire

U.S. Bancorp to speak at the Bank of America 2024 Financial Services Conference

MINNEAPOLIS--(BUSINESS WIRE)--U.S. Bancorp to speak at the Bank of America 2024 Financial Services Conference.

2 months ago - Business Wire

Wall Street firms hit with $81M in fines in latest WhatsApp, texting crackdown

A new group of Wall Street firms has agreed to pay more than $81 million in civil penalties to settle SEC charges of record-keeping failures, the regulator said.

2 months ago - New York Post

U.S. Bancorp and 15 others fined $81 million for record-keeping failures by SEC

The Securities and Exchange Commission announced charges against 16 financial companies for failing to properly maintain and preserve electronic communications, with the companies agreeing to pay a to...

Other symbols: HBANKEYLNC
2 months ago - Market Watch

Not all regional banks are created equal, says Jim Cramer

'Mad Money' host Jim Cramer talks the state of regional banks and investing opportunities in the sector.

Other symbols: CFGCMAFHNHBANKREMTBPNC
3 months ago - CNBC Television

US regional banks get solid welcome for new bonds

Two major U.S. regional banks raised a total $4.75 billion selling bonds on Thursday, on the back of strong demand in a sign that fixed income investors are no longer jittery about regional banks afte...

Other symbols: CFG
3 months ago - Reuters

US bank profits fall as competition for deposits erodes lending margins

Several large U.S. regional banks reported lower profits on Wednesday, a further sign that the 2023 income boost from high interest rates is starting to wane.

Other symbols: CFGSCHW
3 months ago - Reuters

U.S. Bancorp net revenues increased more than ten percent in 2023. Why?

U.S. Bancorp on January 17th reported a net income of $1,62 billion, down significantly year-on-year from the $1,87 billion reported in Q4 2022, and also from Q3 2023's net income of $1,736 billion. I...

3 months ago - Invezz

U.S. Bancorp Reports Fourth Quarter 2023 Results

MINNEAPOLIS--(BUSINESS WIRE)--U.S. Bancorp Reports Fourth Quarter 2023 Results.

3 months ago - Business Wire

U.S. Bancorp Announces Fourth Quarter Earnings Conference Call Details

MINNEAPOLIS--(BUSINESS WIRE)--U.S. Bancorp Announces Fourth Quarter Earnings Conference Call Details.

3 months ago - Business Wire

Trailing The Broader Index By 24%, Is U.S. Bancorp Stock Ready To Rebound?

U.S. Bancorp's stock (NYSE: USB) has gained approximately 1% YTD as compared to the 25% rise in the S&P500 index over the same period. Further, it is currently trading at $44 per share, which is 6% ab...

3 months ago - Forbes

Oppenheimer is bullish on the major banks heading into 2024

Stephanie Link, Joe Terranova and Jim Lebenthal join the 'Halftime Report' to debate their favorite bank names.

Other symbols: BACCGSJEFMS
4 months ago - CNBC Television

U.S. Bank fined $36 million for freezing unemployment debit cards during COVID-19 pandemic

The nation's fifth-largest bank made it extremely difficult for benefit recipients to regain access to frozen accounts, the CFPB found.

4 months ago - CNBC

CFPB: US Bank Illegally Blocked Workers From Unemployment Benefits

America's consumer watchdog said U.S. Bank wrongly kept workers from unemployment benefits during the pandemic. As such, the Consumer Financial Protection Bureau ordered the bank to pay nearly $21 mil...

4 months ago - PYMNTS