UPDATE - UBS Initiates Coverage on U.S. Bancorp (USB) with a Buy; Top Large-Cap Bank Pick
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Price: $35.29 --0%
Rating Summary:
7 Buy, 12 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 1 | New: 6
Rating Summary:
7 Buy, 12 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 1 | New: 6
Trade USB Now!
UPDATE - UBS initiates coverage on U.S. Bancorp (NYSE: USB) with a Buy rating. PT $32.
UBS analyst says, "USB has the most optimal banking model for the current environment and has a proven track record of superior revenue generation. We believe USB’s fee revenues will continue to drive return outperformance versus peer banks. USB posted an average ROCE of 15.7% over the first 3 quarters of 2011 vs. an average of 7.5% at peers."
"Returns and operating efficiency outpacing peers: In our ranking of key metrics which is further detailed in our “Large Cap Banks” initiation published today, USB has posted the highest average ROA and ROTCE, along with the top operating efficiency over the last ten years. We expect USB to continue to post the highest key metrics going forward."
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UBS analyst says, "USB has the most optimal banking model for the current environment and has a proven track record of superior revenue generation. We believe USB’s fee revenues will continue to drive return outperformance versus peer banks. USB posted an average ROCE of 15.7% over the first 3 quarters of 2011 vs. an average of 7.5% at peers."
"Returns and operating efficiency outpacing peers: In our ranking of key metrics which is further detailed in our “Large Cap Banks” initiation published today, USB has posted the highest average ROA and ROTCE, along with the top operating efficiency over the last ten years. We expect USB to continue to post the highest key metrics going forward."
To see more ratings on USB, Click Here
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