U.S. Bancorp (USB) PT Raised to $49 at DA Davidson

U.S. Bancorp (USB) PT Raised to $48 at RBC Capital

July 18, 2024 6:15 AM EDT

RBC Capital analyst Gerald Cassidy raised the price target on U.S. Bancorp (NYSE: USB) to $48.00 (from $47.00) while maintaining a Outperform rating.

The analyst comments "For the last 20 years, USB has been one of the premier banks in the U.S. by delivering... More

U.S. Bancorp (USB) PT Raised to $53 at BofA Securities

July 18, 2024 6:03 AM EDT

BofA Securities analyst Erika Najarian raised the price target on U.S. Bancorp (NYSE: USB) to $53.00 (from $49.00) while maintaining a Buy rating.

The analyst comments "USB shares outperformed peers by ~400bp after reporting 2Q24 core EPS of $0.98, beating our/cons. $0.96/$0.93 ests. Beat vs... More

U.S. Bancorp's adjusted profit falls as deposit costs hurt interest income

July 17, 2024 7:54 AM EDT

(Reuters) - U.S. Bancorp's adjusted profit fell about 10% in the second quarter on Wednesday, hurt by a decline in interest income due to higher deposit costs and muted loan demand.

Lenders in the U.S. have been offering higher interest rates to retain deposits in recent months as customers increasingly seek better returns by placing their money in higher-yielding alternatives such as money-market funds.

Meanwhile,... More

U.S. Bancorp (USB) Tops Q2 EPS by 3c

July 17, 2024 6:47 AM EDT

U.S. Bancorp (NYSE: USB) reported Q2 EPS of $0.98, $0.03 better than the analyst estimate of $0.95. Revenue for the quarter came in at $6.87 billion versus the consensus estimate of $6.81 billion.

For earnings history and earnings-related data on U.S. Bancorp (USB) click here.

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Tech weakness, Taiwan concerns, Amazon's Prime Day - what's moving markets

July 17, 2024 5:47 AM EDT

Investing.com -- Tech stocks look set to drop sharply at the U.S. open Wednesday, after ASML's disappointing guidance and worries about Taiwan. Amazon looks set o benefit from its Prime Day, while U.K inflation shows underlying strength. 

1. Futures slip as tech stocks slump 

U.S. stock futures fell Wednesday, retreating from record levels with the tech sector taking the brunt of the selling after a downbeat forecast from Dutch semiconductor firm ASML (AS: ASML). 

By 04:30 ET (08:30 GMT), the... More

U.S. Bancorp (USB): Aleem Gillani joins U.S. Bancorp Board of Directors

July 16, 2024 5:01 PM EDT

U.S. Bancorp announced today that Aleem Gillani has been elected as a director of the company by its board of directors, effective immediately. He will serve on the Audit Committee and Risk Management Committee of the board.

Gillani, 62, served as chief financial officer of SunTrust Banks, Inc. from April 2011 until March 2018, before retiring from SunTrust in June... More

U.S. Bancorp (USB) July option implied volatility into quarter results

July 16, 2024 11:05 AM EDT

U.S. Bancorp (NYSE: USB) July call option implied volatility is at 53, August is at 27; compared to its 52-week range of 22 to 41 into the expected release of quarter results before the bell on July 17.

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U.S. Bancorp (USB) call put ratio 1 call to 2.4 puts into quarter results

July 16, 2024 5:18 AM EDT

U.S. Bancorp (NYSE: USB) July 42 straddle priced for a move of 4% into the expected release of quarter results before the bell on July 17.

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