Morgan Stanley upgraded U.S. Bancorp from Equal-Weight to Overweight and set a new price target of $57.00 from $54.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/24/2024 | $51.00 | Buy → Hold | Deutsche Bank |
| 9/30/2024 | $54.00 → $57.00 | Equal-Weight → Overweight | Morgan Stanley |
| 6/27/2024 | $43.50 | Overweight → Neutral | JP Morgan |
| 4/18/2024 | $52.00 → $45.00 | Outperform → Mkt Perform | Keefe Bruyette |
| 3/28/2024 | $47.00 → $53.00 | Hold → Buy | HSBC Securities |
| 3/22/2024 | $46.00 → $49.00 | Neutral → Buy | Compass Point |
| 12/20/2023 | Overweight → Equal-Weight | Stephens | |
| 12/15/2023 | $52.00 | Outperform → Neutral | Robert W. Baird |
In a recent analyst note by Goldman Sachs, the outlook for several regional banks were evaluated based on their recent second-quarter 2024 earnings reports. Among the banks examined included KeyCorp (NYSE:KEY), M&T Bank Corp (NYSE:MTB), Regions Financial Corp (NYSE:RF), Truist Financial Corp (NYSE:TFC), U.S. Bancorp (NYSE:USB) and Zions Bancorporation NA (NASDAQ:ZION). Lead analyst Ryan Nash and team highlighted key metrics, growth projections and credit performances, offering a comprehensive analysis of each bank’s standing and market outlook. KeyCorp KeyCorp’s second-quarter 2024 EPS results were mixed. The bank saw a slight beat on fees and managed lower expenses, which offset a
Wells Fargo analyst Mike Mayo maintains U.S. Bancorp (NYSE:USB) with a Overweight and raises the price target from $48 to $52.
Citigroup analyst Keith Horowitz maintains U.S. Bancorp (NYSE:USB) with a Neutral and raises the price target from $45 to $49.
4 - US BANCORP \DE\ (0000036104) (Issuer)
4 - US BANCORP \DE\ (0000036104) (Issuer)
4 - US BANCORP \DE\ (0000036104) (Issuer)
U.S. Bancorp reported its third quarter 2024 results today. The earnings release, earnings supplement and slide presentation can be accessed online at ir.usbank.com/investor-relations/financial-information. At 7 a.m. Central Time, Chairman and Chief Executive Officer Andy Cecere and Senior Executive Vice President and Chief Financial Officer John Stern will host a conference call to review the financial results. The conference call will be available online or by telephone. To access the webcast and presentation, visit U.S. Bancorp's website at usbank.com and click on "About Us," "Investor Relations" and "Webcasts & Presentations." To access the conference call from locations within the Uni
U.S. Bancorp (NYSE:USB) will release its third quarter 2024 earnings results before the market opens on Wednesday, October 16, 2024. At 7 a.m. CT, Chairman and Chief Executive Officer Andy Cecere and Senior Executive Vice President and Chief Financial Officer John Stern will host a conference call to review the financial results. The live conference call will be available online or by telephone. Via internet: To access the webcast and presentation, visit the U.S. Bancorp website at usbank.com and click on "About Us", "Investor Relations" and "Webcasts & Presentations." Via telephone: To access the conference call from locations within the United States and Canada, please dial 888-210-46
The Board of Directors of U.S. Bancorp (NYSE:USB) has authorized a share repurchase program for up to $5 billion of the company's outstanding common stock beginning September 13, 2024. The company intends to begin repurchasing shares by early 2025. It also declared a regular quarterly dividend of $0.50 per common share, payable October 15, 2024, to stockholders of record at the close of business on September 30, 2024. This is an increase of 2 percent over the prior quarter. At this quarterly dividend rate, the annual dividend is equivalent to $2.00 per common share. U.S. Bancorp will utilize the share repurchase program at its discretion as it continues to monitor the economic environment
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U.S. Bancorp (NYSE:USB) announced today that Senior Executive Vice President and Chief Financial Officer John Stern and Senior Executive Vice President and Head of Wealth, Corporate, Commercial and Institutional Banking Stephen Philipson will present at the BancAnalysts Association of Boston Conference. The presentation will begin at 10:30 a.m. ET on Thursday, November 7 in Boston. A live audio webcast will be available on the day of the conference, at the "Webcasts and Presentations" section of the U.S. Bank Investor Relations website. A replay will be made available on the same site following the event. About U.S. Bancorp U.S. Bancorp, with more than 70,000 employees and $686 billion
Third quarter marked the ninth consecutive quarterly decrease in shipments, but smallest drop in more than a year Truck freight shipments and spending continued to contract in the third quarter, albeit at a slower pace than earlier this year, according to the latest U.S. Bank Freight Payment Index. Shipments were down 1.9% compared to the previous quarter while spending dropped 1.4%. This was the ninth consecutive quarterly decrease in volume, but the smallest drop in more than a year. "The latest data continues to show some positive developments for the freight market. However, there remain sequential declines nationwide, and in most regions," said Bobby Holland, U.S. Bank director of fr
Cloud-based, Omni-Commerce Payments Gateway addresses evolving customer demands and business needs Elavon, a wholly-owned subsidiary of U.S. Bank and one of the largest global payment processors, announces the launch of its unified cloud-based Elavon Payment Gateway, enhancing payment experiences for both merchants and consumers. The Elavon Payment Gateway is a single omni-commerce gateway solution, leveraging the latest cloud technologies and serving customers globally. Designed to simplify and enhance the payment experiences, the Elavon Payment Gateway empowers merchants of all sizes to accept payments in-store, online and via mobile devices, all within a scalable, single, global platfo
Deutsche Bank downgraded U.S. Bancorp from Buy to Hold and set a new price target of $51.00
Morgan Stanley upgraded U.S. Bancorp from Equal-Weight to Overweight and set a new price target of $57.00 from $54.00 previously
JP Morgan downgraded U.S. Bancorp from Overweight to Neutral and set a new price target of $43.50
Southern California Bancorp (the "Company") (OTC:BCAL), the holding company for Bank of Southern California, N.A. (the "Bank"), announces that the Board of Directors has appointed Executive Chairman David I. Rainer to succeed Nathan Rogge as the President and CEO of the Company and the Bank, effective immediately. "The board and I are confident that David's extensive banking experience and success in Southern California banking make him an ideal choice for President and CEO to continue the implementation of the Bank's commercial banking strategy," said John Farkash, Chairman Emeritus of Southern California Bancorp and Bank of Southern California. "On behalf of the board and the entire comp
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