U.S. Bancorp (USB)
| Market Cap | 64.05B |
| Revenue (ttm) | 25.74B |
| Net Income (ttm) | 5.05B |
| Shares Out | 1.56B |
| EPS (ttm) | 3.27 |
| PE Ratio | 12.58 |
| Forward PE | 10.49 |
| Dividend | $1.96 (4.77%) |
| Ex-Dividend Date | Mar 27, 2024 |
| Volume | 3,115,999 |
| Open | 41.13 |
| Previous Close | 41.05 |
| Day's Range | 40.85 - 41.26 |
| 52-Week Range | 27.27 - 45.85 |
| Beta | 1.05 |
| Analysts | Buy |
| Price Target | 46.47 (+13.02%) |
| 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]
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 StatementsAnalyst Forecast
According to 22 analysts, the average rating for USB stock is "Buy." The 12-month stock price forecast is $46.47, which is an increase of 13.02% from the latest price.
News
U.S. Bancorp Card Net Charge-Off Rate Hits 4.2%
U.S. Bancorp said in its latest earnings report that consumers are continuing to boost their credit card loans – and though charge-offs have increased, credit quality has remained strong. Credit card ...
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 ...
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.
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.
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 ...
U.S. Bancorp Reports First Quarter 2024 Results
MINNEAPOLIS--(BUSINESS WIRE)--U.S. Bancorp Reports First Quarter 2024 Results.
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...
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.
U.S. Bancorp Announces First Quarter Earnings Conference Call Details
MINNEAPOLIS--(BUSINESS WIRE)--U.S. Bancorp Announces First Quarter Earnings Conference Call Details.
U.S. Bancorp announces quarterly dividends
MINNEAPOLIS--(BUSINESS WIRE)--U.S. Bancorp announces quarterly dividends.
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.
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.
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...
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.
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.
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...
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.
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...
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.
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...
U.S. Bancorp Reports Fourth Quarter 2023 Results
MINNEAPOLIS--(BUSINESS WIRE)--U.S. Bancorp Reports Fourth Quarter 2023 Results.
U.S. Bancorp Announces Fourth Quarter Earnings Conference Call Details
MINNEAPOLIS--(BUSINESS WIRE)--U.S. Bancorp Announces Fourth Quarter Earnings Conference Call Details.
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...
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.
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.