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Stock to Watch: U.S. Bancorp (USB - Free Report) Headquartered in Minneapolis, MN, U.S. Bancorp was formed in February 2001 with the merger of the former U.S. Bancorp and Firstar Corporation. It provides banking and investment services mainly operating in the Midwest and West regions of the United States. U.S. Bancorp is the parent company of U.S. Bank. The company operates through four major business segments.
USB is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.
Momentum investors should take note of this Finance stock. USB has a Momentum Style Score of A, and shares are up 1% over the past four weeks.
Seven analysts revised their earnings estimate higher in the last 60 days for fiscal 2026, while the Zacks Consensus Estimate has increased $0.07 to $5.31 per share. USB also boasts an average earnings surprise of +4.1%.
With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, USB should be on investors' short list.
First Bank and Trust grew its stake in U.S. Bancorp (NYSE: USB) by 43.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 133,794 shares of the financial services provider's stock after buying an additional 40,208 shares
On its third quarter of 2026 earnings call, held on Oct. 15, 2026, U.S. Bancorp (USB +2.33%) reported record net revenue of $8 billion alongside expanding operating efficiency. For long-term investors, the bank's strategy hinges on diversifying fee income and shifting toward floating-rate commercial loans while keeping costs tight. Strengthening capital buffers and expanding high-margin deposit channels provide the foundation for consistent compounding. Three things management said stand out.
1. Capital Markets Push Creates a Bigger Fee Revenue EngineExpanding institutional fee channels reduces reliance on spread income, stabilizing earnings across shifting interest rate cycles. Integrating recent acquisitions like broker-dealer BTIG gives the bank wider access to corporate advisory and trading fees, raising fee contributions to nearly half of total revenue.
We expect capital markets to grow from 8% to 10% or more of total company revenue over the next 3 to 5 years.
-- Gunjan Kedia, Chairman and Chief Executive Officer2. Strategic Partnerships Drive High-Yield Loan and Deposit ExpansionScaling specialized card deals and small business tools secures low-cost deposits while adding floating-rate commercial loans that reprice quickly as borrowing rates move. Expanding co-branded merchant partnerships accelerates loan volumes without lowering credit standards.
The Amazon small business credit card portfolio contributed approximately $900 million and $1.7 billion to the third quarter average and period end loans, respectively.
-- John C. Stern, Vice Chair and Chief Financial Officer3. Expanding Margins and Capital Generation Clear the Path for Stock BuybacksReinvesting $10 billion of maturing lower-yielding assets into higher-yielding loans each quarter improves net interest margin, the gap between what a bank earns on loans and pays on deposits. Rebuilding regulatory capital through retained earnings allows management to restart stock repurchases after pausing to absorb loan growth.
We expect our capital ratios to build from here. Positioning us to resume share repurchases over the next quarter or two.
-- John C. Stern, Vice Chair and Chief Financial OfficerLooking AheadRevenue momentum and expense discipline are combining to widen operating margins, allowing the bank to fund technology upgrades while raising returns. Its expanding small business footprint, deep corporate payment rails, and asset-sensitive balance sheet position it to benefit from higher reinvestment rates. Management is watching broad commercial credit demand, interest rate shifts, and pricing discipline across deposit channels.
The business model is capable of generating both of them in balance.
-- Gunjan Kedia, Chairman and Chief Executive OfficerWith diversified fee revenue stream growth and ongoing balance sheet optimization, the bank aims to generate sustainable risk-adjusted capital.
Our diversified business mix, customer centric approach, and disciplined execution position us to deliver attractive returns and long term shareholder value.
-- Gunjan Kedia, Chairman and Chief Executive OfficerThe Motley Fool has positions in and recommends U.S. Bancorp. The Motley Fool has a disclosure policy.
U.S. Bancorp (NYSE:USB) on Thursday reported upbeat third-quarter 2026 earnings, while revenue fell slightly short of Wall Street estimates.
Adjusted earnings of $1.34 per share beat the analyst consensus estimate of $1.33. Revenue rose to $7.95 billion, slightly below the consensus estimate of $8.01 billion.
U.S. Bancorp raised its full-year 2026 revenue growth outlook to 8% to 9%, up from its previous forecast of 7% to 9%. The updated outlook implies revenue of approximately $30.996 billion to $31.283 billion, compared with the analyst consensus estimate of $31.075 billion.
U.S. Bancorp shares rose 1.3% to trade at $58.12 on Friday.
These analysts made changes to their price targets on U.S. Bancorp following earnings announcement.
Evercore ISI Group analyst Vijay Kumar maintained the stock with an Outperform rating and raised the price target from $65 to $67. RBC Capital analyst Gerard Cassidy maintained the stock with an Outperform rating and cut the price target from $68 to $65. Oppenheimer analyst Chris Kotowski maintained the stock with an Outperform rating and raised the price target from $72 to $73. Considering buying USB stock? Here’s what analysts think:
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SummaryU.S. Bancorp gets upgraded to a buy, reflecting strong Q3 earnings, robust credit ratings, and a favorable consensus outlook.USB delivered record Q3 net revenue, with 5.6% YoY net interest income growth, 14.9% fee growth, and 8% YoY average loan growth.ROE and operating margin trends outpace peers, while a diversified loan book and physical branch network support resilience and brand strength.With a ~4% dividend yield, conservative payout ratio, and constructive upside forecasts, USB is positioned as both a dividend and growth idea. asbe/iStock via Getty Images
Yet Another Earnings Beat as Bank Reporting Season Heats Up Q3 earnings season is upon us again, and the first name I'm covering is a major bank that reported this Thursday, U.S. Bancorp (USB
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U.S. Bancorp's consumers continued to spend during the third quarter, even as the bank carried more card balances and saw an increase in early-stage card delinquencies. “Spend levels are high, employment is strong,” Chief Financial Officer John Stern told analysts during a Thursday (Oct.
Smart Money Shifts: U.S. Bancorp Pairs Tech With YieldU.S. Bancorp NYSE: USB reported record third-quarter net revenue of approximately $8 billion and diluted earnings per share of $1.34, representing year-over-year growth of about 10%, as fee income growth, higher net interest income and positive operating leverage supported results.
Chairman and Chief Executive Officer Gunjan Kedia said the bank’s net revenue increased 8.7% from a year earlier, while disciplined productivity generated 240 basis points of positive operating leverage. Payments revenue rose 6.5%, and fees again accounted for 44% of total revenue.
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Wintrust: A Quiet Regional Bank Posting Loud Results“Our diversified business mix, customer-centric approach, and disciplined execution position us to deliver attractive returns and long-term shareholder value,” Kedia said in closing remarks.
Revenue growth supported by BTIG, payments and net interest income
Vice Chair and Chief Financial Officer John Stern said revenue increased 6.4% year over year when adjusted for BTIG and securities losses. The company closed its acquisition of BTIG in June, and the acquired business contributed $226 million in third-quarter fee revenue.
3 Regional Bank Stocks That Crushed Q3 EarningsCapital markets revenue increased 69% from a year earlier, reflecting BTIG’s full-quarter contribution and approximately 10% growth in legacy capital-markets operations. Kedia said U.S. Bancorp expects capital markets to account for 8% to 10% or more of company revenue over the next three to five years, supported by organic growth, deeper client relationships and additional product capabilities.
Total fee income increased 14.9% year over year, with broad-based growth across most categories. Stern said corporate payments revenue rose about 19%, driven primarily by new business and increased spending by corporate and government clients. Treasury management revenue continued to grow in the mid-single digits, he said.
The bank said merchant processing revenue may remain around flat growth for the next couple of quarters, while mortgage-related revenue could be affected by higher rates in the fourth quarter. Stern also said “other” revenue included more unusual gains during the third quarter and is expected to normalize to roughly $125 million to $150 million.
On the net interest income side, fully taxable equivalent net interest income rose 5.6% from a year earlier and 2.3% sequentially. Net interest margin expanded five basis points from the prior quarter to 2.84%, driven by loan yields and the repricing of fixed-rate assets. Stern said the company expects a similar margin increase in the fourth quarter.
Loan, deposit and credit trends remain constructive
Average loans increased 8% year over year and 1% sequentially, led by commercial and industrial lending, credit cards and commercial real estate. The Amazon Small Business credit card portfolio contributed approximately $900 million of average loans and $1.7 billion of period-end loans during the quarter.
Stern said the bank expects continued loan growth in the fourth quarter, citing strong pipelines. Underlying commercial and industrial loan growth was healthy, he said, though certain non-depository financial institution balances ran off after some prospective deals did not meet the bank’s return thresholds. Kedia said the company has seen modest slowing in commercial real estate and continued muted residential mortgage activity, but described C&I demand as robust and broad-based.
Average deposits grew 2.9% from a year earlier and 2.2% sequentially, aided by record consumer deposits and growth in relationship-based business deposits. Deposit costs increased seven basis points sequentially, including about two basis points from the September Federal Reserve rate increase, while total funding costs rose only one basis point as the funding mix improved.
Management said it expects deposit betas to begin at about 50% following further rate increases. Stern said U.S. Bancorp has been shifting its balance sheet toward greater asset sensitivity, with floating-rate loans representing 36% of earning assets at quarter-end, compared with 32% four years earlier. About $10 billion of fixed-rate assets reprice each quarter, he added, at an estimated 125-basis-point improvement.
Credit quality remained healthy, according to the company. Nonperforming assets declined 1.6% from the previous quarter, while net charge-offs fell two basis points to 51 basis points. Stern said the company had not seen meaningful deterioration among consumer borrowers or commercial clients despite higher rates, although commercial real estate remains an area being monitored.
Capital position and shareholder distributions
U.S. Bancorp’s common equity Tier 1 ratio was 10.8% at Sept. 30, unchanged from the prior quarter. Its AOCI-adjusted CET1 ratio was 9.1%, down 30 basis points, reflecting risk-weighted asset growth, higher Treasury rates and wider credit spreads. Tangible common equity remained stable at 6.6%.
Stern said the company generated roughly 33 basis points of capital during the quarter after dividends, but paused share repurchases amid strong loan demand, the Amazon portfolio onboarding and rate-related capital effects. He said the company expects capital ratios to build and is positioned to resume repurchases over the next one or two quarters, depending on loan growth, interest rates and regulatory developments.
Kedia said the bank is prepared to transition to Category II regulatory requirements and that its expectation to restart buybacks does not depend on potential relief from Basel III endgame rules.
Updated 2026 outlook and strategic investments
For the fourth quarter, U.S. Bancorp expects fully taxable equivalent net interest income growth of 6% to 7% year over year, fee revenue growth of 13% to 14%, and noninterest expense growth of about 8%, or closer to 4% excluding BTIG.
For full-year 2026, the company raised its net revenue growth outlook to 8% to 9%, or 6% to 7% excluding BTIG, from prior guidance of 5% to 7%. It also expects about 300 basis points of positive operating leverage for the year, or about 400 basis points excluding BTIG, compared with prior expectations of 200 and 300 basis points, respectively.
Kedia said productivity efforts, including AI initiatives, have contributed to operating efficiency, though she characterized AI as one of several productivity levers rather than the sole driver. The bank remains measured in deploying client-facing AI applications because of privacy and customer-confidence considerations, she said.
The company is also expanding consumer and small-business capabilities through branch densification, client centers, brand marketing and product initiatives. Kedia said U.S. Bancorp launched the Amazon co-brand partnership, expanded its Business Essentials offering and added banking teams in expansion markets during the quarter.
In corporate payments, the company launched a pilot of its USBDC stablecoin during the quarter. Kedia said current client interest is largely exploratory rather than reflecting robust demand, with discussions concentrated in corporate payments and focused on potential benefits such as around-the-clock availability and cross-border transactions.
About U.S. Bancorp (NYSE:USB)U.S. Bancorp is a financial services holding company headquartered in Minneapolis, Minnesota, and the parent company of U.S. Bank National Association. The company provides banking, lending, payment, investment, and wealth management services to individuals, businesses, government entities, and institutional clients.
Through U.S. Bank, its principal subsidiary, U.S. Bancorp offers checking and savings accounts, credit cards, mortgages, consumer and business loans, commercial banking, treasury management, investment services, and financial planning.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].
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U.S. Bancorp (USB - Free Report) came out with quarterly earnings of $1.34 per share, beating the Zacks Consensus Estimate of $1.32 per share. This compares to earnings of $1.22 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +1.52%. A quarter ago, it was expected that this company would post earnings of $1.28 per share when it actually produced earnings of $1.35, delivering a surprise of +5.47%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
U.S. Bancorp, which belongs to the Zacks Banks - Major Regional industry, posted revenues of $7.97 billion for the quarter ended September 2026, missing the Zacks Consensus Estimate by 0.46%. This compares to year-ago revenues of $7.33 billion. The company has topped consensus revenue estimates two times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
U.S. Bancorp shares have added about 5.4% since the beginning of the year versus the S&P 500's gain of 12.8%.
What's Next for U.S. Bancorp?While U.S. Bancorp has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for U.S. Bancorp was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.42 on $8.11 billion in revenues for the coming quarter and $5.27 on $31.14 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Major Regional is currently in the bottom 31% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, M&T Bank Corporation (MTB - Free Report) , has yet to report results for the quarter ended September 2026. The results are expected to be released on October 16.
This company is expected to post quarterly earnings of $4.98 per share in its upcoming report, which represents a year-over-year change of +2.3%. The consensus EPS estimate for the quarter has been revised 1.1% lower over the last 30 days to the current level.
M&T Bank Corporation's revenues are expected to be $2.54 billion, up 0.9% from the year-ago quarter.
For the quarter ended September 2026, U.S. Bancorp (USB - Free Report) reported revenue of $7.97 billion, up 8.8% over the same period last year. EPS came in at $1.34, compared to $1.22 in the year-ago quarter.
The reported revenue represents a surprise of -0.46% over the Zacks Consensus Estimate of $8.01 billion. With the consensus EPS estimate being $1.32, the EPS surprise was +1.52%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how U.S. Bancorp performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net interest margin (taxable-equivalent basis): 2.8% versus 2.8% estimated by six analysts on average.Net charge-off ratio: 0.5% versus 0.6% estimated by six analysts on average.Average Balances - Earning assets: $630.78 billion compared to the $635.84 billion average estimate based on five analysts.Efficiency Ratio: 55.9% versus the five-analyst average estimate of 56.5%.Book value per common share: $38.27 compared to the $39.43 average estimate based on five analysts.Total nonperforming loans: $1.28 billion versus the four-analyst average estimate of $1.46 billion.Total nonperforming assets: $1.32 billion compared to the $1.52 billion average estimate based on four analysts.Leverage ratio: 9% compared to the 9% average estimate based on three analysts.Tier 1 Capital Ratio: 12.3% versus 12.3% estimated by three analysts on average.Total risk-based capital ratio: 14.3% compared to the 14.4% average estimate based on two analysts.Net interest income (taxable-equivalent basis): $4.49 billion versus the six-analyst average estimate of $4.51 billion.Total Noninterest Income: $3.48 billion compared to the $3.51 billion average estimate based on six analysts.View all Key Company Metrics for U.S. Bancorp here>>>
Shares of U.S. Bancorp have returned -5.8% over the past month versus the Zacks S&P 500 composite's +1.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Americká banka U.S. Bancorp zveřejnila výsledky hospodaření za třetí kvartál roku 2026. Výsledky byly zhruba v souladu s očekáváním. Rekordní výnosy podpořil první celý kvartál po akvizici BTIG, díky které výnosy z kapitálových trhů meziročně vzrostly o 69,3 %. Banka zároveň zvýšila výhled růstu čistých výnosů za celý rok na 8 % až 9 % z dřívějších 7 % až 9 %.
Výsledky společnosti U.S. Bancorp (USB) za 3Q 2026 3Q 2026 Konsensus 3Q 2026 3Q 2025 Čisté výnosy (mld. USD) 7,97 8,01 7,33 Čistý zisk (mld. USD) 2,21 -- 2,01 Zisk na akcii (EPS, USD/akcie) 1,34 1,32 1,22 Výsledky za 3Q Čisté výnosy meziročně vzrostly o 8,7 % na 7,97 mld. USD, a zůstaly tak nepatrně pod odhadem 8,01 mld. USD.
Čisté úrokové výnosy meziročně vzrostly o 5,6 % na 4,49 mld. USD v souladu s odhadem 4,50 mld. USD. Čistá úroková marže se meziročně zvýšila o 9 bazických bodů na 2,84 % při konsensu 2,81 %.
Neúrokové výnosy meziročně vzrostly o 13,1 % na 3,48 mld. USD při odhadu 3,51 mld. USD. Výnosy z kapitálových trhů meziročně vzrostly o 69,3 % na 640 mil. USD, a to především díky příspěvku BTIG.
Neúrokové náklady meziročně vzrostly o 7,1 % na 4,49 mld. USD, tedy mírně pod odhadem 4,55 mld. USD. Pozitivní provozní páka činila 240 bazických bodů.
Náklady na riziko činily 654 mil. USD, tedy pod odhadem 737,2 mil. USD. Čisté odpisy úvěrů dosáhly 523 mil. USD při konsensu 567,2 mil. USD a jejich poměr k úvěrům klesl na 0,51 % z 0,56 % před rokem.
Rentabilita aktiv (ROA) činila 1,25 % při odhadu 1,19 %, rentabilita vlastního kapitálu (ROE) dosáhla 13,6 % při odhadu 13,2 % a rentabilita hmotného kmenového kapitálu (ROTCE) byla 18,5 %.
Průměrný objem úvěrů meziročně vzrostl o 8,0 % na 409,55 mld. USD, a zůstal tak pod odhadem 412,16 mld. USD. Průměrné vklady se meziročně zvýšily o 2,9 % na 526,60 mld. USD při odhadu 525,22 mld. USD.
Kapitálový poměr CET1 dosáhl 10,8 % v souladu s odhadem.
Výhled Ve 4Q 2026 banka očekává meziroční růst čistých úrokových výnosů o 6 % až 7 %, růst výnosů z poplatků o 13 % až 14 % a růst neúrokových nákladů zhruba o 8 %.
Pro celý rok 2026 banka zvýšila výhled růstu čistých výnosů na 8 % až 9 % z dřívějších 7 % až 9 %, bez vlivu BTIG na 6 % až 7 % z dřívějších 5 % až 7 %. Pozitivní provozní páku nově očekává zhruba ve výši 300 bazických bodů oproti předchozím přibližně 200 bazickým bodům, bez vlivu BTIG zhruba 400 bazických bodů. BTIG by podle banky měla přidávat přibližně 200 mil. USD kvartálních čistých výnosů.
Komentář CEO „Dosáhli jsme silných výsledků za třetí kvartál. Rekordní čisté výnosy ve výši 8,0 mld. USD přinesly zisk na akcii 1,34 USD, meziročně o 10 % více, rentabilitu hmotného kmenového kapitálu 18,5 % a poměr nákladů k výnosům 55,9 %. Poměr čistých odpisů úvěrů se zlepšil na 51 bazických bodů. Výjimečná skladba našeho podnikání a stále silnější provozní disciplína nám pomohly dosáhnout vysoké rentability, produktivity a obezřetného řízení rizik a zároveň posílit růst výnosů. Vykázali jsme první celý kvartál výsledků BTIG, což přispělo k meziročnímu růstu výnosů z kapitálových trhů o 69,3 %. Transformace našeho platebního byznysu nabrala na dynamice a přinesla meziroční růst kombinovaných výnosů o 6,5 %. S potěšením jsme vykázali další kvartál s rekordními vklady spotřebitelů a spustili jsme významné iniciativy k rozšíření našeho dosahu v segmentu malých firem. Převzali jsme strategické partnerství v oblasti kreditních karet pro malé firmy, uvedli na trh Business Essentials, inovativní sadu nových produktů, a vytvořili nové týmy bankéřů na expanzních trzích,“ uvedla předsedkyně představenstva a generální ředitelka Gunjan Kedia.
Vývoj akcie Akcie U.S. Bancorp (USB) v předburzovní fázi obchodování stagnují na 56,26 USD.
Akcie U.S. Bancorp (USB) včera uzavřely na 56,26 USD Ukazatel Ukazatel Kapitalizace (mld. USD) 87,7 P/E 11,0 Vývoj za letošní rok (%) +5,4 Očekávané P/E 10,7 52týdenní minimum (USD) 45,0 Prům. cílová cena (USD) 68,3 52týdenní maximum (USD) 66,1 Dividendový výnos (%) 3,7 Zdroj: U.S. Bancorp, Bloomberg
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Key Takeaways:
Expanded and simplified rewards including 3X per $1 spent on BMW, MINI and BMW Motorrad purchases and eligible gas station, EV charging station purchases and on tollway charges. First use bonus of 10,000 points after $500 spent within 90 days of account opening. 0%* introductory APR on purchases and balance transfers for 12 billing cycles. After that, a variable APR, currently 17.74%-30.74%. No Annual Fee.Accelerated 2X points value for redemption at BMW, MINI and BMW Motorrad dealerships. BMW Card Extend Pay always-on offer of 6 months with no fees or interest for BMW purchases for eligible cardholders. BMW, MINI and BMW Motorrad Auto Sweeps points redemption towards your customer loan or lease payments.Dollar for dollar points system continues for all other purchases. MINNEAPOLIS--(BUSINESS WIRE)--U.S. Bank is launching redesigned BMW, MINI and BMW Motorrad Mastercard® credit card products that offer cardholders enhanced rewards value, integrated with their BMW experience, and payment flexibility.
The new cards, with Mastercard as their network, help consumers convert rewards earned on their everyday spend into the purchase or lease of their next BMW. The unique benefits reward cardholders when they use their card for purchasing and redeeming for their beloved BMW products. They can earn triple rewards for every dollar spent on BMW purchases and double points value for redemption at BMW dealerships. Eligible cardholders can take advantage of a special six-month ExtendPay installment payment plan with no fees or interest when paying for BMW, MINI or BMW Motorrad sales and services. The card also has a first time use bonus of 10,000 points, when $500 is spent within the first 90 days, and 0% on eligible purchases and balance transfers for the first 12 billing cycles.
“BMW is the leading premium automotive brand that has created fierce loyalty with its customers. U.S. Bank’s upgraded BMW-branded credit card is designed to reward this loyalty,” said Tanuj Suri, head of co-brand cards at U.S. Bank. “Our compelling new card benefits enable BMW customers to earn rewards rapidly when they make everyday purchases, but especially for BMW purchases. Those rewards multiply when used for BMW products and services, including the ability to automatically apply rewards against a BMW Financial Services Loan.”
“BMW Financial Services is an important part of the overall customer experience, and we are always looking for new ways to deliver greater value and flexibility to our customers,” said Ole Jensen, President & CEO, BMW Financial Services North America. “These enhanced card benefits make it easier for customers to turn their everyday spending into meaningful rewards they can use – from purchases and service at our dealerships, to their BMW Financial Services loan or lease.”
When BMW, MINI or BMW Motorrad customers enroll their eligible loan or lease, any points are worth double when applied to that loan or lease. For example, that means 10,000 points are worth $200 when applied toward your BMW Financial Services loan or lease instead of $100. For more information, visit the BMW Website.
About U.S. Bancorp
Headquartered in Minneapolis, U.S. Bancorp is the parent company of U.S. Bank National Association, the fifth-largest commercial bank in the United States. Our three major business lines serve 15 million clients throughout the U.S., Canada and Europe, and our team of nearly 70,000 people invest our hearts and minds to power human potential every day. Ranked 105th on the Fortune 500, we are deeply respected for our culture and long-term stewardship and admired for our diversified business mix and product capabilities.
About BMW Financial Services North America, LLC
BMW Financial Services North America was established in the U.S. in 1992 to support the sales and marketing of BMW Group products. Since then, the company has expanded to provide service to markets in multiple countries and continues to evolve beyond its role as a captive finance unit. BMW Financial Services North America offers a wide range of leasing, retail and commercial financing and banking products tailored to meet the needs of the BMW Group customer. The company also provides financing to BMW dealers for expanding dealership capabilities and enhancing overall operations. With over $50 billion in serviced assets and more than 1,100,000 automotive lending customers across the U.S., BMW Financial Services North America finances more than half of the BMW sold or leased in North America. BMW Financial Services employs more than 900 people, many of whom are located in Columbus, Ohio, serving the U.S. and Canadian markets. In 2001, the MINI Financial Services division was established to provide support for the brand’s dealers and its customers by offering financing and leasing options and branded financial services products.
Prediction markets now give Democrats better than 7-in-10 odds of flipping the Senate, and nearly a century of stock market history has something uncomfortable to say about what comes next.
Silver Bulletin, via Newsweek, now gives Democrats 74.8% Senate odds. The party’s average sits at 52.2 seats on data through Oct. 8. Silver Bulletin, via Newsweek, had Democrats at 56.2% on Aug. 5, and their odds fell as low as 50.1% on Sept. 7.
That is one model among several, and the forecasts disagree by a wide margin. Polymarket prices Democratic control at 63.5%. Kalshi, via DeFiRate, has it at 60.2%. Decision Desk HQ gives Democrats 56%, with an expected 51 Democratic seats.
Traders and forecasters are moving apart. Polymarket’s Democratic Senate contract fell 4 cents over the past week while the model climbed.
Decision Desk HQ rates Ohio (51% Democratic), Iowa (52%), Maine (54%) and Texas (57%) as tossups. Silver rates several of them more favorably for Democrats. Those race-level differences account for much of the gap between the headline numbers.
A Warning Sign Built on a Real Sample
CXO Advisory compiled average annual S&P 500 returns by which party controlled the presidency, the House and the Senate over nearly a century. In CXO Advisory’s data, years with a Republican president and a Democratic Senate averaged 3.0% across 24 years. CXO Advisory’s average for all years was 8.1% over 95 years. That makes it the second-lowest category in the chart, and it has the most years behind it of any weak category.
Keep the Republican president but give the Senate to Republicans, and CXO Advisory’s average rises to 7.5% across 20 years.
House Rows Point the Opposite Way
The House data runs the other way. Under a Republican president, a Democratic House averaged 7.9% over 33 years, per CXO Advisory, close to the all-years average. A Republican House averaged 2.9% over 9 years, per CXO Advisory. In this data, a Democratic Senate looks weak and a Democratic House looks ordinary.
The House is the part of this election forecasters are most sure about. Silver Bulletin, via Newsweek, gives Democrats a 93.1% chance there. Kalshi, via DeFiRate, prices it at 89.5%, with Polymarket at 90.5%. So the likely setup is a Republican president facing a Democratic House and a Democratic Senate.
Thin Samples Cap What the Data Can Prove
The categories overlap, so a single year shows up in several rows. Some samples are tiny. CXO Advisory’s all-Republican category averaged 8.2% over 7 years, well above the 2.9% for a Republican president and House. That suggests the few remaining years, when a Democratic Senate sat alongside them, pull the figure down, though this is an observation from two categories and a group that small cannot support conclusions.
CXO reports averages only. It shows no variance and no significance testing, and nothing in it shows that party control causes returns. CXO Advisory itself warns that its subgroups are very small for reliable conclusions, and it decided not to break the data down further.
Signals to Track Into Election Day
Midterm history pushes back on the warning. According to Motley Fool, the S&P 500 returned 39.9% in the twelve months after the 1954 midterms, 7.3% after 2006 and 16.3% after 2018. U.S. Bancorp (NYSE:USB | USB Price Prediction) research, via Webull (NASDAQ:BULL), provides another data point. It links a Republican president with a fully Democratic Congress to three-month returns about 0.99% below average. That is a far smaller effect than the annual averages suggest.
Contact [email protected] for any questions or corrections.
Wall Street analysts expect U.S. Bancorp (USB - Free Report) to post quarterly earnings of $1.32 per share in its upcoming report, which indicates a year-over-year increase of 8.2%. Revenues are expected to be $8.01 billion, up 9.2% from the year-ago quarter.
The consensus EPS estimate for the quarter has been revised 2.2% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
Bearing this in mind, let's now explore the average estimates of specific U.S. Bancorp metrics that are commonly monitored and projected by Wall Street analysts.
Analysts expect 'Book value per common share' to come in at $39.43 . The estimate compares to the year-ago value of $36.33 .
The consensus among analysts is that 'Average Balances - Earning assets' will reach $636.03 billion. The estimate is in contrast to the year-ago figure of $617.52 billion.
Analysts forecast 'Efficiency Ratio' to reach 56.4%. The estimate is in contrast to the year-ago figure of 57.2%.
The collective assessment of analysts points to an estimated 'Total nonperforming assets' of $1.52 billion. Compared to the current estimate, the company reported $1.65 billion in the same quarter of the previous year.
It is projected by analysts that the 'Total nonperforming loans' will reach $1.46 billion. The estimate is in contrast to the year-ago figure of $1.61 billion.
The combined assessment of analysts suggests that 'Tier 1 Capital Ratio' will likely reach 12.3%. Compared to the present estimate, the company reported 12.4% in the same quarter last year.
The consensus estimate for 'Leverage ratio' stands at 9.0%. Compared to the current estimate, the company reported 8.6% in the same quarter of the previous year.
Based on the collective assessment of analysts, 'Total risk-based capital ratio' should arrive at 14.4%. The estimate compares to the year-ago value of 14.4%.
Analysts predict that the 'Total Noninterest Income' will reach $3.51 billion. The estimate is in contrast to the year-ago figure of $3.08 billion.
Analysts' assessment points toward 'Net interest income (taxable-equivalent basis)' reaching $4.51 billion. The estimate compares to the year-ago value of $4.25 billion.
According to the collective judgment of analysts, 'Mortgage banking revenue' should come in at $166.62 million. The estimate compares to the year-ago value of $180.00 million.
The average prediction of analysts places 'Other- noninterest income' at $135.53 million. Compared to the present estimate, the company reported $213.00 million in the same quarter last year.
View all Key Company Metrics for U.S. Bancorp here>>>
U.S. Bancorp shares have witnessed a change of -9.2% in the past month, in contrast to the Zacks S&P 500 composite's +2.4% move. With a Zacks Rank #3 (Hold), USB is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
While tech dominates the headlines, five bank stocks quietly cleared the Fed's toughest stress tests and immediately raised their dividends from a position of strength. The real question is which ones have the capital cushion to keep paying through a…
Bank stocks deserve a fresh look as the income portion of a retirement portfolio, and the reason is coverage more than yield. Large lenders came out of the Federal Reserve’s stress tests raising payouts from a position of strength. PNC Financial Services (NYSE:PNC | PNC Price Prediction) set the tone by lifting its quarterly dividend 18% to $2 per share. The five banks below are judged on what actually protects the check.
First is the earnings payout ratio, meaning the share of profits paid out as dividends. Free cash flow tells you little at a bank because every loan and deposit moves the cash flow statement. Second is the CET1 ratio, a bank’s core capital cushion measured against its loans and securities, which regulators require to stay above a set floor. Third is credit quality: how much of the loan book is going bad.
Truist Financial Truist Financial (NYSE:TFC) has the highest yield in this group at 4.5%. That comes from an annual dividend of $2.08 per share and a share price of $46.13. The payout uses about 47.8% of trailing earnings of $4.35 per share, so more than half of profits are left over for loan growth, losses and buybacks.
Capital is the stronger part of the safety case. Truist’s CET1 ratio rose to 10.9% in the second quarter, even though the bank returned more than 100% of earnings through buybacks and dividends. Management called that total payout “appropriate, given our capital position.” Credit also improved, with net charge-offs falling to 0.50% from 0.61%. Second-quarter EPS of $1.23 beat the $1.08 consensus. On track record, the quarterly dividend has held at $0.52 since the 2022-08-11 ex-dividend date. That followed raises from $0.45 to $0.48 and then to $0.52.
Bull case: The stock trades at a price-to-book ratio of 1.001, which means you pay roughly what the bank’s net assets are worth. Truist is also targeting about $5B of buybacks this year. Every share retired reduces the dividend bill, which builds room for the next raise.
Risk: Net interest margin, the spread between what a bank earns on loans and what it pays on deposits, fell 4 bps sequentially and YoY as Truist left higher-yielding consumer loans. Management guides full-year net interest income growth of only 1% to 1.5%.
Huntington Bancshares Huntington Bancshares (NASDAQ:HBAN) yields 4.03% on a $0.62 annual dividend, with shares at $15.32. The payout equals 47.7% of trailing EPS of $1.30. Merger costs drag that GAAP number down, including $152M of pre-tax acquisition charges in the second quarter alone. Management’s 2027 earnings objective of $1.90 to $1.93 per share would leave the current dividend with a much deeper cushion if the bank hits it.
The CET1 ratio sits at 10.0%, down from 10.2% as the integration absorbed capital. In the Fed’s severely adverse scenario, cumulative loan losses came to 5.9% of average loans. That was the second-lowest result in its regional peer group. The quarterly dividend has been $0.155 every quarter since the 2022-03-17 ex-date, up from $0.15 before that and $0.04 in 2012.
Bull case: The Cadence Bank deal, closed Feb 1, 2026, added $36.9B of loans and $43.5B of deposits. Net interest income rose 40% YoY to $2.05B. With shares down 9.1% year to date, management said “the stock at this point is extraordinarily undervalued.”
Risk: The nonperforming asset ratio rose to 0.85% from 0.72%, meaning a bigger slice of loans has stopped paying as agreed. Problem loans that keep rising during a large integration would eat into the earnings that support the dividend.
U.S. Bancorp U.S. Bancorp (NYSE:USB) yields 3.65% on its trailing dividend. The quarterly payout just rose to $0.54 from $0.52, which lifts the annualized forward rate to $2.16, or roughly 3.78% at $57.07. The trailing payout ratio is 41.5% of EPS of $5.01.
CET1 stands at 10.8%, or 9.4% once you include unrealized losses on bond holdings. Net charge-offs improved to 0.53% from 0.59%, and nonperforming assets are just 0.33% of loans. The dividend record goes back to 1999. Recent steps ran $0.46, $0.48, $0.49, $0.50, $0.52 and now $0.54, with a higher payout each year since 2021. The latest payment arrives 2026-10-15.
Bull case: Fees made up 44% of revenue, and management said that “gives us enormous stability, both of earnings and depth in our relationships.” Return on tangible common equity reached 18.7%. Management also plans to move total capital return toward 70 to 75% of earnings as CET1 approaches about 10%.
Risk: BTIG, closed June 1, 2026, carries about $30 million per quarter of integration costs and an assumed 15% contribution margin. Integration delays would slow capital return, and buybacks are already stuck at $200M.
PNC Financial Services PNC yields 3.1% on trailing payments. On the new $8 annualized forward rate, it yields about 3.65% at $219.20. It also has the second-lowest payout here: 37.4% of trailing EPS of $18.16. In the second quarter, common dividends were $690 million against net income of $2.1 billion.
CET1 is 9.9%, close to the bank’s roughly 10% target. The bank’s chief executive pointed to the stress test: “For the fourth year in a row, PNC’s start to trough capital depletion was the lowest in our peer group.” Net charge-offs ran at 25 basis points, and nonperforming loans fell 10%. On track record, PNC cut its quarterly dividend to $0.10 in 2009. It has since rebuilt it through $1.25, $1.50, $1.55, $1.60 and $1.70 to $2.00 today. The next ex-dividend date is 2026-10-14.
Bull case: Shares fell 8.92% over the past month while earnings kept rising. Return on tangible common equity hit 17.9%, and management is aiming for an 18% left rate. The FirstBank conversion is finished.
Risk: Borrowings rose $16 billion to $79 billion through Federal Home Loan Bank advances, while deposits held flat. If deposit growth falls short, more expensive wholesale funding would pressure margins.
Citigroup Citigroup (NYSE:C) yields 1.87% trailing, the lowest yield in this group. The quarterly payout rose to $0.67 from $0.60, which puts forward income at $2.68 a year, or about 2.07% at $129.63. Coverage is what wins Citi its spot: the payout is just 25.9% of trailing EPS of $9.26.
CET1 of 12.8% sits above the 11.6% requirement, even with a $30 billion buyback commitment ongoing. Second-quarter net income was $5.8 billion, or $3.15 per share. On track record, Citi paid $0.01 a quarter from 2011 into 2015. It has since rebuilt through $0.16, $0.32, $0.45, $0.51, $0.53 and $0.56 to today’s $0.67.
Bull case: Citi is the dividend grower in this group. Selling down Banamex could free up about $5 billion of capital, and Barron’s recently argued that the company’s transformation can lift the stock further.
Risk: Credit is moderating at the edges. Citi added $597M to its loan-loss reserves, and corporate loans that stopped accruing interest rose 42% YoY.
Coverage Ties This Income Roster Together None of these banks pays out more than half of its earnings as dividends, and all five hold capital well above what regulators require. That combination lets a payout survive a credit downturn. Truist and Huntington supply the highest current income of the group. U.S. Bancorp and PNC pair solid yields with fresh raises, and Citigroup trades starting yield for the fastest dividend growth. As a group, they make a well-covered income portion for a retirement portfolio.
Contact [email protected] for any questions or corrections.
Retirees chasing income face a choice that looks simple on paper but hides a tax trap, a reinvestment problem, and a dividend cut risk that most income comparisons never mention.
The FDIC’s national average annual percentage yield (APY) on a 12-month certificate of deposit was 1.73% in its September 1, 2026 reading. That is the latest figure available as of October 9, 2026, and the highest reading of the past year. The six dividend payers in this edition have yields ranging from 0.9% to 6.14% as of October 9, 2026. A yield measures income. A higher yield is only worth having if the company continues paying it.
What a CD Locks In and What It Locks Out A certificate of deposit is a time deposit at a bank. You commit a set amount for a fixed term, such as 12 months, at a fixed APY. If you need the money back early, the bank charges an early-withdrawal penalty, which usually means giving up some of the interest. When the CD matures, you get your principal back, and the bank offers whatever rate it is paying that day if you renew.
The rate on a CD you already hold cannot fall, and it cannot rise. The national average shows why this cuts both ways. It was 1.68% on October 1, 2025, dropped to a 1.52% low on March 1, 2026, then rose back to 1.73%. A saver who rolled a one-year CD in early 2026 renewed at a lower rate. Anyone living on CD income faces reinvestment risk as the main exposure: the rate you have now is only guaranteed until maturity.
Policy rates are moving too. The Federal Reserve’s target-range upper bound was 3.75% from December 10, 2025 through September 16, 2026. It moved up to 4.00% on September 17, 2026 and was still there as of October 9, 2026. CD rates tend to follow that direction over time, so a rate offered at renewal may be higher or lower than the one you have now. The national average is also a floor for shopping.
A CD carries less risk than a stock, but it still carries risk. FDIC insurance covers deposits up to $250,000 per depositor, per insured bank, for each account ownership category. Money above that limit at a single bank is uninsured, and only FDIC-member banks provide the protection. Inflation can eat into a fixed rate over the term. Brokered CDs held through a brokerage account also carry price risk: selling one before maturity on the secondary market after rates have risen can mean selling it for less than face value.
A CD Rate Can’t Be Cut, but It Can’t Grow Either A CD rate cannot be cut once you lock it in. A dividend can. A dividend can also grow every year, and a fixed CD rate cannot. Any comparison should start with dividend safety, because a cut cancels out the yield advantage.
Stock Dividend Yield (Oct. 9, 2026) Annualized Forward Dividend Most Recent Quarterly Increase Pfizer (NYSE:PFE | PFE Price Prediction) 6.14% $1.72 $0.42 to $0.43, declared Dec. 12, 2024 U.S. Bancorp (NYSE:USB) 3.63% $2.16 $0.52 to $0.54, declared Sept. 8, 2026 Southern Company (NYSE:SO) 3.49% $3.04 $0.74 to $0.76, declared April 20, 2026 McDonald’s (NYSE:MCD) 3.18% $7.72 $1.86 to $1.93, declared Sept. 17, 2026 Merck 2.33% $3.40 $0.81 to $0.85, declared Nov. 18, 2025 Walmart (NASDAQ:WMT) 0.9% $0.99 $0.235 to $0.2475, declared Feb. 19, 2026 Safety First: Where the Cut Risk Sits Pfizer has the highest yield in the group, and that high yield is a warning sign. The quarterly payment has been stuck at $0.43 through every 2025 and 2026 payment. Trailing GAAP EPS of $0.76 falls short of the $1.72 annual dividend. Second-quarter GAAP net income was -$248M, dragged down by a $3.8B impairment. Adjusted EPS guidance of $2.80–3.00 does cover the payout. Management has also ruled out share buybacks in 2026 to pay down debt. The market is pricing in the patent cliff and the drop-off in COVID product sales. Paxlovid revenue fell 95%. Pfizer shows what can happen to a CD-like income stream from a stock: the dividend stops growing first, and a cut is the risk beyond that.
Merck needs a closer look. Its fiscal 2026 non-GAAP EPS guidance of $2.66–2.76 is below the $3.40 annualized dividend. That guidance includes a one-time $2.31/share charge tied to the $5.7B Terns Pharmaceuticals deal, and revenue guidance was raised to $66.3–67.3B. The longer-term question is Keytruda losing patent protection later this decade.
U.S. Bancorp sells CDs at its branches, so a retiree can choose between the bank’s fixed deposit rate and its variable dividend. Credit quality is improving: the net charge-off ratio fell to 0.53% from 0.59%, and net interest margin widened to 2.79%. Bank dividends depend on regulatory capital, though, and the stock fell 8.26% between September 8 and October 9, 2026. CD principal does not swing like that.
Southern Company is the closest thing to a bond in the group. Its earnings come from regulated utilities, and commercial electricity sales rose 7.3% on demand from data centers. The weak spot is Southern Power, which faces about $205M in additional accelerated depreciation charges for the rest of 2026.
Growth: Where a Dividend Can Outrun a Fixed Rate McDonald’s shows the other side of the trade. Its quarterly dividend rose from $0.375 in 2008 to $1.93 now, with increases along the way. A CD bought in 2008 and rolled ever since would have paid whatever each renewal offered, with no built-in raise. The cost of that growth is price risk: McDonald’s shares were recently hovering near a 52-week low, and global comparable sales growth slowed to 1.3%.
Walmart yields less than the national average CD rate today. It raises its dividend every year, most recently to $0.2475 a quarter, and it raised its fiscal 2027 adjusted EPS guidance to $2.80–2.87. Walmart fits an investor who wants income that grows over time more than income today.
Price swings apply to every stock in the table. Pfizer is up 18.96% year to date but down 13.49% over five years. A shareholder collecting the dividend over that period still had less principal than at the start.
Taxes Can Settle the Question CD interest faces ordinary income tax at your federal rate and generally by your state as well. The bank reports it on Form 1099-INT. Under IRS rules, you generally include this interest in your income when you actually receive it or are entitled to receive it without paying a substantial penalty. That rule also covers CDs that mature in one year or less and pay all their interest at maturity. On multi-year CDs, you may owe tax on interest each year before the CD matures.
The lower long-term capital gains rates apply to qualified dividends. You must hold the stock more than 60 days in the 121-day period that begins 60 days before the ex-dividend date to qualify. All six stocks here are U.S. corporations whose regular dividends generally qualify, U.S. Bancorp included. Payments that credit unions and savings institutions call “dividends” are a different matter: the IRS treats those as interest income on Form 1099-INT. Most states tax dividends at ordinary rates, so the tax advantage is mainly federal.
For retirees, both CD interest and dividends count toward the income that determines how much Social Security income gets taxed. CD interest is fully taxable on top of that, which can push more of a retiree’s Social Security benefits into the taxable zone. For IRA or 401(k) accounts, these rules do not apply. Withdrawals from a tax-deferred retirement account are taxed as ordinary income either way, so the dividend tax advantage only matters in a taxable brokerage account.
Who Each Option Suits A CD suits retirees needing a known dollar amount over a set period, such as a planned expense or a cash reserve, who cannot accept any drop in principal. That retiree also has to accept a renewal rate that may be lower. Dividend stocks such as McDonald’s, Southern Company or Walmart fits a retiree with a longer horizon and a taxable account, who wants income that can grow and can tolerate volatility and the chance of a cut. The highest yield in the group, Pfizer’s, comes with the weakest earnings coverage of its dividend.
Either way, the harder question is how to turn a lump sum into something that acts like a paycheck. The mix, the payment calendar, and the withdrawal order are detailed in a free guide to the Paycheck Portfolio Method.
Contact [email protected] for any questions or corrections.
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.
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What are the Zacks Style Scores? The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days.
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Value ScoreValue investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and many other multiples, the Value Style Score identifies the most attractive and most discounted stocks.
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Stock to Watch: U.S. Bancorp (USB - Free Report) Headquartered in Minneapolis, MN, U.S. Bancorp was formed in February 2001 with the merger of the former U.S. Bancorp and Firstar Corporation. It provides banking and investment services mainly operating in the Midwest and West regions of the United States. U.S. Bancorp is the parent company of U.S. Bank. The company operates through four major business segments.
USB is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.
It also boasts a Value Style Score of B thanks to attractive valuation metrics like a forward P/E ratio of 10.83; value investors should take notice.
Five analysts revised their earnings estimate upwards in the last 60 days for fiscal 2026. The Zacks Consensus Estimate has increased $0.02 to $5.26 per share. USB boasts an average earnings surprise of +6.2%.
With a solid Zacks Rank and top-tier Value and VGM Style Scores, USB should be on investors' short list.
MINNEAPOLIS--(BUSINESS WIRE)--U.S. Bancorp today announced the redemption on October 26, 2026, of all its outstanding 6.787% Fixed-to-Floating Rate Senior Notes due October 26, 2027 (CUSIP No. 91159HJP6). The redemption price for each of these notes will be equal to 100% of the principal amount of the notes, plus any accrued and unpaid interest thereon to, but excluding, the redemption date of October 26, 2026.
U.S. Bank National Association today announced the redemption on October 22, 2026, of all its outstanding 4.507% Fixed-to-Floating Rate Senior Notes due October 22, 2027 (CUSIP No. 90331HPP2) and the redemption on October 22, 2026, of all its outstanding Floating Rate Senior Notes due October 22, 2027 (CUSIP No. 90331HPQ0). The redemption price for each of these notes will be equal to 100% of their principal amount, plus any accrued and unpaid interest to, but excluding, the redemption date of October 22, 2026.
Payment of the redemption price for the notes will be made through the facilities of The Depository Trust Company.
About U.S. Bancorp
Headquartered in Minneapolis, U.S. Bancorp is the parent company of U.S. Bank National Association, the fifth-largest commercial bank in the United States. The company’s three major business lines serve 15 million clients globally, and its team of nearly 70,000 people invest their hearts and minds to power human potential every day. Ranked 110th on the Fortune 500, U.S. Bancorp is deeply respected for its culture and long-term stewardship and admired for its diversified business mix and product capabilities.
Wall Street expects a year-over-year increase in earnings on higher revenues when U.S. Bancorp (USB - Free Report) reports results for the quarter ended September 2026. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.
The earnings report, which is expected to be released on October 15, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.
While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.
Zacks Consensus EstimateThis company is expected to post quarterly earnings of $1.33 per share in its upcoming report, which represents a year-over-year change of +9%.
Revenues are expected to be $8.01 billion, up 9.2% from the year-ago quarter.
Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 1.09% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.
Price, Consensus and EPS Surprise
Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for U.S. Bancorp?For U.S. Bancorp, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +0.14%.
On the other hand, the stock currently carries a Zacks Rank of #3.
So, this combination indicates that U.S. Bancorp will most likely beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that U.S. Bancorp would post earnings of $1.28 per share when it actually produced earnings of $1.35, delivering a surprise of +5.47%.
Over the last four quarters, the company has beaten consensus EPS estimates four times.
Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
U.S. Bancorp appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
U.S. Bancorp (USB) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
U.S. Bancorp (NYSE:USB) will release its third-quarter earnings report before the opening bell on Thursday, Oct. 15.
Analysts expect the Minneapolis, Minnesota-based company to report quarterly earnings of $1.31 per share, up from $1.22 per share in the year-ago period. The consensus estimate for USB’s quarterly revenue is $8 billion. It reported $7.33 billion last year, according to Benzinga Pro.
On Sept. 8, U.S. Bancorp declared a regular quarterly dividend of 54 cents per common share.
U.S. Bancorp shares fell 0.4% to close at $57.27 on Monday.
Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.
JP Morgan analyst Vivek Juneja maintained the stock with a Neutral rating and cut the price target from $69 to $65 on Oct. 2, 2026. This analyst has an accuracy rate of 57%. Evercore ISI Group analyst Vijay Kumar maintained the stock with an Outperform rating and cut the price target from $72 to $65 on Oct. 1, 2026. This analyst has an accuracy rate of 65%. Truist Securities analyst John McDonald maintained the stock with a Buy rating and lowered the price target from $69 to $67 on Oct. 1, 2026. This analyst has an accuracy rate of 65%. RBC Capital analyst Gerard Cassidy maintained an Outperform rating with a price target of $68 on Aug. 24, 2026. This analyst has an accuracy rate of 75%. Oppenheimer analyst Chris Kotowski maintained the stock with an Outperform rating and boosted the price target from $73 to $77 on July 17, 2026. This analyst has an accuracy rate of 80%. Considering buying USB stock? Here’s what analysts think:
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ATLANTA--(BUSINESS WIRE)--Elavon, a wholly owned subsidiary of U.S. Bank (NYSE: USB) and one of the world's largest payment processors, received the 2026 Best B2B API Award in TSG's API Best of Breed Awards. The independent recognition reflects Elavon's commitment to modern payment technology that helps businesses simplify complex business-to-business payments and accelerate implementation. This recognition is due to Elavon's payment gateway's ability to provide the features needed for B2B paym.
U.S. Bancorp (NYSE:USB – Get Free Report) declared a quarterly dividend on Tuesday, September 8th. Investors of record on Wednesday, September 30th will be given a dividend of $0.54 per share by the financial services provider on Thursday, October 15th. This represents a $2.16 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend is Wednesday, September 30th. This is a 3.8% increase from U.S. Bancorp’s previous quarterly dividend of $0.52.
U.S. Bancorp has raised its dividend by an average of 0.0%per year over the last three years and has increased its dividend annually for the last 14 consecutive years. U.S. Bancorp has a dividend payout ratio of 45.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect U.S. Bancorp to earn $5.77 per share next year, which means the company should continue to be able to cover its $2.16 annual dividend with an expected future payout ratio of 37.4%.
U.S. Bancorp Stock Performance Shares of U.S. Bancorp stock opened at $59.33 on Monday. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.83 and a quick ratio of 0.82. The stock’s 50 day simple moving average is $62.70 and its 200-day simple moving average is $58.44. The stock has a market cap of $92.44 billion, a P/E ratio of 11.84, a P/E/G ratio of 1.05 and a beta of 0.95. U.S. Bancorp has a 1-year low of $45.02 and a 1-year high of $66.07.
U.S. Bancorp (NYSE:USB – Get Free Report) last posted its quarterly earnings results on Thursday, July 16th. The financial services provider reported $1.35 EPS for the quarter, topping the consensus estimate of $1.28 by $0.07. U.S. Bancorp had a return on equity of 13.69% and a net margin of 18.49%.The business had revenue of $7.69 billion for the quarter, compared to analyst estimates of $7.58 billion. During the same quarter in the previous year, the firm earned $1.11 EPS. Analysts predict that U.S. Bancorp will post 5.25 EPS for the current fiscal year. U.S. Bancorp Company Profile (Get Free Report)
U.S. Bancorp (NYSE:USB) is a financial services holding company and the parent organization of U.S. Bank, a full-service commercial bank. The company provides deposit accounts, consumer and business loans, mortgages, credit and debit cards, payment services, and other banking products to individuals, businesses, institutions and government entities.
Through its wealth, corporate and commercial banking operations, U.S. Bancorp also offers investment management, trust and custody services, treasury management, capital markets support, equipment finance and other specialized financial solutions.
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Key Takeaways U.S. Bancorp and other banks could gain more room to grow before tougher rules apply.Higher thresholds could reduce compliance costs and support faster loan and deposit growth.WAL and ZION could gain more headroom to cross $100B without immediate added requirements. The Federal Reserve is reportedly considering raising the asset thresholds that trigger stricter regulatory requirements for U.S. banks, reducing the compliance costs and giving regional lenders greater room to expand, according to a Yahoo Finance article citing Reuters.
The Fed is reportedly preparing to revise the asset thresholds that pull banks into stress-testing and heightened capital, liquidity and reporting obligations, with the adjustment aimed at reflecting inflation and broader economic growth.
U.S. Bancorp (USB - Free Report) , Capital One Financial (COF - Free Report) , PNC Financial (PNC - Free Report) and Truist Financial each currently clustered near the $700-billion mark could be among the key beneficiaries, as raising the threshold toward $1 trillion may give them greater flexibility to grow organically or pursue acquisitions before facing more stringent requirements. Smaller regional banks, including Western Alliance Bancorporation (WAL - Free Report) and Zions Bancorporation (ZION - Free Report) , could also benefit by gaining more room to cross $100 billion in assets without immediately becoming subject to all the rules currently triggered at that level, while banks with roughly $100-$150 billion in assets may see some existing regulatory obligations eased.
At present, regulatory requirements become progressively stricter as banks cross the $100-billion, $250-billion and $700-billion asset thresholds. Raising these limits could reduce regulatory burdens, provide banks with greater balance-sheet flexibility and potentially encourage consolidation across the regional banking industry.
Why Is the Fed Considering Higher Thresholds?The proposed changes reflect a broader effort to make banking regulation more responsive to changes in the size of the U.S. economy. Federal Reserve vice chairman for Supervision Michelle Bowman has argued that fixed asset thresholds can become increasingly restrictive over time because they do not automatically adjust for inflation or economic expansion. In January, Bowman suggested indexing thresholds to nominal gross domestic product, which captures both inflation and real economic growth.
Bowman reiterated the point in July, noting that banks with essentially unchanged risk profiles can cross regulatory thresholds simply because the overall economy has expanded. The Fed has therefore been working on approaches that would allow fixed thresholds to rise over time.
For banks like U.S. Bancorp, PNC Financial, Capital One, Western Alliance and Zions, crossing one of these regulatory lines can be expensive. Institutions may need additional compliance personnel, risk-management infrastructure, stress-testing capabilities and regulatory reporting systems. Reuters reported that the incremental costs associated with passing the $100-billion level can run into tens of millions of dollars annually.
Here’s How Higher Regulatory Thresholds Could Benefit BanksHigher regulatory thresholds could benefit banks by giving them greater flexibility to expand without immediately facing stricter compliance requirements and higher recurring costs. This could improve operating efficiency, support faster loan and deposit growth, and reduce the incentive for banks nearing existing thresholds to deliberately limit balance-sheet expansion.
The additional regulatory headroom could also make mergers and acquisitions more attractive, particularly for mid-sized and regional banks seeking greater scale to absorb technology, compliance and other operating expenses. Banks could evaluate potential deals more on strategic and financial merits rather than on whether a transaction would push them into a tougher regulatory category. Larger regional banks such as U.S. Bancorp, PNC, Truist and Capital One could especially benefit from having more room to grow before encountering another step-up in regulatory requirements.
Final Words on Fed Considering Higher Thresholds?While the Fed’s proposal is still taking shape, higher regulatory thresholds could meaningfully improve the growth runway for regional banks. By reducing the likelihood of an immediate jump in compliance costs as assets expand, the changes could support greater balance-sheet growth, operating efficiency and M&A activity.
For investors, the development makes USB, COF, PNC, WAL and ZION worth watching as details of the Fed's eventual proposal emerge.
Both PNC and U.S. Bancorp beat earnings estimates and then sold off, leaving retirees to weigh a bank with record revenues against one with an 18% dividend raise and the cleanest loan book in its peer group.
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PNC Financial Services (NYSE:PNC | PNC Price Prediction) or U.S. Bancorp (NYSE:USB): which regional bank dividend is the better pick for a retiree’s portfolio right now? Both beat second-quarter estimates in July, and both stocks have pulled back since. PNC is down 7.78% over the past month to $225.60, while USB slipped 5.53% to $59.33. We judged them on earnings power, the dividend, and capital strength.
Earnings Power: U.S. Bancorp Runs the Broader Engine Banks make money two ways: net interest income (the spread between what loans earn and what deposits cost) and fee income (payments, advisory, wealth management). Fees matter because they hold up when rates fall. At USB, fees made up 44% of total revenue in the quarter, and management aims to reach the higher 40s.
USB posted record net revenue of $7.7 billion and a return on tangible common equity (profit measured against shareholder capital, excluding goodwill) of 18.7%, ahead of PNC’s 17.9%. It also logged a third consecutive quarter of record consumer deposits and loan growth of 7.1%.
PNC is growing faster on paper, guiding to full-year revenue up roughly 13%, but much of that comes from absorbing FirstBank’s $16B in loans. Winner: U.S. Bancorp, for the more diversified mix and higher returns.
Dividend: PNC Pulls Away PNC raised its quarterly payout 18% to $2.00, for an annualized forward dividend of $8. That followed raises from $1.55 to $1.60 in April 2025 and $1.60 to $1.70 in July 2025. USB moved from $0.52 to $0.54, payable October 15, for a forward rate of $2.16.
Coverage is comfortable at both. PNC earned $16.59 per share in 2025 against trailing dividends of $7.10; USB earned $4.62 against $2.08. PNC returned $1.3 billion to shareholders in the quarter. USB bought back just $200 million, and its CFO, John Stern, was blunt about priorities: “Our first priority is going to be supporting loan growth.” Winner: PNC.
Capital and Credit: PNC’s Loan Book Is Cleaner The common equity tier 1 (CET1) ratio measures a bank’s highest-quality capital against its risk-weighted assets; a higher number means a larger buffer against losses. USB leads at 10.8% versus PNC’s 9.9%. Including unrealized bond losses, though, USB’s ratio drops to 9.4%.
Credit quality tips the scale. A charge-off is a loan written off as bad. PNC’s annualized net charge-off ratio was 0.25%, against 0.53% at USB. PNC’s nonperforming loans (borrowers who stopped paying) fell 10% to $2.03B. In the Fed’s stress test, a simulated severe recession, CEO Bill Demchak said PNC’s capital depletion was “the lowest in our peer group” for the fourth year in a row. Winner: PNC.
Verdict: PNC Is the Retirement Income Pick PNC takes two of three rounds, and it wins the two that matter most for an income sleeve: dividend growth and loan losses. An 18% raise backed by the cleanest credit book of the pair beats USB’s steadier increments. PNC’s 10-year price gain of 253.81% also tops USB’s 99.42%.
Fifty-plus years of consecutive raises is a different tier of income stock, and we lined up ten of them by valuation in a free Dividend Kings guide for readers building the income sleeve of a retirement portfolio.
USB is the stronger fit for total-return investors who want fee-driven growth, with BTIG expected to add about $200M in quarterly revenue.
Three things would flip the verdict: PNC’s CET1 slipping well below its 10% operating target, commercial charge-offs rising (management noted rising nonperforming assets in manufacturing and wholesale trade), or USB accelerating payouts as it moves toward its 70% to 75% payout range. Keep an eye on PNC’s third-quarter charge-offs against guidance of roughly $225 million.
Contact [email protected] for any questions or corrections.
Key Takeaways U.S. Bancorp expects y/y NII growth in Q3 at the high end of its 4-6% guidance.USB's Q3 fee revenues are projected near the upper end of 12-14% growth.BTIG added $98M in Q2 fee revenues, with quarterly contributions potentially reaching $200M in 2H26. U.S. Bancorp (USB - Free Report) appears well-positioned for a solid third quarter of 2026, supported by improving deposit trends, healthy loan growth and continued momentum across its fee-based businesses. Management’s recent update points to sustained strength in capital markets activity following the BTIG acquisition, as well as growth in payments and other diversified revenue streams, supporting the bank’s overall growth outlook.
USB’s NII Growth Remains EncouragingFor the third quarter 2026, USB expects year-over-year net interest income (NII) growth to be at the high end of the previously stated 4-6%, supported by improving asset mix, fixed-asset repricing and solid balance-sheet trends. Management expects the net interest margin to improve in the third and fourth quarters, which should provide an additional boost to spread income. The bank expects full-year loan growth of 6-7%. While loan demand remains strong, particularly for capital expenditure and financing needs,
Deposit trends also remain favorable. The company expects another quarter of record consumer deposits, with overall deposit growth potentially outpacing loan growth. A stable and expanding deposit base should help USB manage funding costs and support NII expansion.
Fee Income Adds Growth Engine for USBUSB’s diversified fee businesses remain another major catalyst. Fees account for 44-45% of total revenues in the second quarter of 2026, providing the company with significant earnings diversification beyond traditional lending.
Capital markets have become increasingly important following the BTIG acquisition. BTIG contributed $98 million in fee revenues in the second quarter despite being included for only part of the period. Management previously indicated that the business could contribute $200 million in quarterly fee revenues in the second half of 2026.
Overall fee revenues increased 13.2% year over year in the second quarter, supported by strength in capital markets, and trust and investment management services. Continued momentum in these businesses should help sustain fee-income growth. For the third quarter of 2026, fee revenues are projected to approach the upper end of 12-14% growth. Fee growth could exceed expectations depending on the timing of certain capital markets transactions.
Management also sees longer-term scope to increase capital markets revenues to 10-11% of the total revenues from 7-8% currently, highlighting the segment’s growing strategic importance.
Payments revenues are expected to continue growing, supported by consumer card and corporate-payments activity. Merchant processing, however, is expected to be flat year over year for the next two or three quarters as the bank adjusts its go-to-market strategy and reduces some distribution partnerships.
USB’s Expense Growth Remains ManageableOn the expense front, U.S. Bancorp expects non-interest expenses to increase 8% year over year in the third quarter, consistent with its prior guidance. The increase partly reflects the inclusion of BTIG, along with higher compensation, technology, marketing and other growth-related investments.
U.S. Bancorp is stepping up investment in its physical distribution network, with annual branch spending expected to increase from roughly $200 million historically to about $300 million. These investments are intended to strengthen customer relationships, support deposit gathering and expand opportunities across consumer, small-business, wealth and commercial banking.
Despite the higher cost base, management continues to expect revenue growth to outpace expense growth and remains focused on generating positive operating leverage. U.S. Bancorp expects at least 200 basis points of operating leverage for the full year, or at least 300 basis points, excluding BTIG. Thus, while elevated expenses and increased branch investments could constrain near-term earnings growth, continued strength in NII and fee revenues should help absorb these investments while supporting longer-term organic growth.
Here’s How Other Banks Are Likely to Fare in Q3Citizens Financial (CFG - Free Report) expects its third-quarter 2026 NII to rise 2.5-3.5% from the second-quarter 2026 reported level of $1.63 billion. Its non-interest income is anticipated to increase 1% from the second-quarter 2026 reported level of $652 million. Further, Citizens Financial’s non-interest expenses are expected to remain stable or increase slightly from the second-quarter level.
PNC Financial (PNC - Free Report) expects average loans to increase 1-2% from the second-quarter 2026 reported figure of $363.2 billion. The company’s NII is projected to rise 3-3.5% from the $4.1 billion reported in the second quarter of 2026. However, PNC Financial’s fee income (non-GAAP) is expected to decline 5-5.5% from the second-quarter 2026 reported figure of $2.3 billion.
USB Price Performance & Zacks RankU.S. Bancorp shares have gained 21.4% in the past year compared with the industry’s growth of 23.8%.
Image Source: Zacks Investment Research
The company currently carries a Zacks Rank #4 (Sell).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Smart Money Shifts: U.S. Bancorp Pairs Tech With YieldU.S. Bancorp NYSE: USB executives said the bank expects another strong quarter, supported by growth in net interest income, fee revenue and deposits, while outlining plans to expand its consumer franchise, payments capabilities and capital-markets business.
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Chief Executive Officer Gunjan Kedia said the bank’s progress during her first year as CEO has been driven by a sharper focus on expense management, organic growth and payments transformation. She said the company made organizational changes, elevated revenue-facing roles and refreshed talent, with nearly a quarter of its top 200 roles filled by people new to the bank or new to their positions.
Wintrust: A Quiet Regional Bank Posting Loud ResultsKedia said the bank has operated within its medium-term financial guidance for four quarters and has narrowed its valuation gap with peers. However, she identified mortgage and auto lending as areas that have underperformed expectations because demand has remained muted amid less rate moderation than the bank had anticipated.
Quarterly Outlook Points to Higher-End Growth Chief Financial Officer John Stern said U.S. Bancorp expects net interest income growth to come in at the high end of its previously stated 4% to 6% year-over-year range for the third quarter. Fee revenue growth is also expected to reach the high end of the company’s 12% to 14% outlook, and could exceed that range depending on the timing of capital-markets transactions.
3 Regional Bank Stocks That Crushed Q3 EarningsStern said expenses are expected to rise about 8%, in line with prior expectations, while charge-offs remain stable. Based on third-quarter trends, he said the company expects to finish the year at the higher end of its full-year 7% to 9% revenue-growth outlook.
The bank continues to expect full-year loan growth of approximately 6% to 7%, Stern said. While loan demand remains strong, particularly for capital expenditures and financing needs, he said the company has become more disciplined around return hurdles and exceptions after strong loan growth in the first half.
On deposits, Stern said the bank expects strong growth during the quarter, potentially exceeding loan growth. He cited another expected quarter of record consumer deposits and a return of some seasonal commercial deposit activity. He also noted that competition for deposits remains active, including promotional certificates of deposit and new-account incentives offered by competitors.
Fee Businesses Remain a Strategic Differentiator Kedia said fee revenue accounts for roughly 44% to 45% of U.S. Bancorp’s revenue and remains a central differentiator for the company. The fee complex includes payments, trust and investment services, capital markets and consumer fees.
She identified payments and capital markets as the two largest future growth opportunities. Kedia said capital markets currently represents about 7% to 8% of revenue and could rise to 10% to 11%. The company’s acquisition of BTIG has provided a strong start in expanding its equity and investment-banking capabilities, she said, with management primarily focused on organic growth from combining BTIG’s products with U.S. Bancorp’s existing client relationships and balance sheet.
Stern said the first full quarter including BTIG will contribute about half of the company’s fee-growth increase. Legacy capital-markets operations, including foreign exchange, commodities and loan syndications, are also expected to produce low-double-digit growth, he said.
Payments revenue is expected to continue growing strongly, supported by consumer card and corporate-payments activity. Merchant processing, however, is expected to be roughly flat year over year for the next two or three quarters as the bank adjusts its go-to-market strategy and reduces some distribution partnerships.
Kedia also highlighted global fund services and Corporate Trust, which together account for nearly 10% of revenue. She said the businesses generate recurring fees and an estimated $70 billion to $80 billion in operating deposits. Growth has been aided by the bank’s share of new exchange-traded fund formations and by expansion in private credit, she said.
Consumer Expansion, Technology and Capital Plans To support consumer and small-business growth, Kedia said the bank is emphasizing differentiated products, granular deposit pricing and an expanded branch strategy. She said the Bank Smartly product suite has reached $84 billion and serves as an integrated banking-and-payments offering.
U.S. Bancorp has been investing about $200 million annually in its branch network, largely to convert service branches and smaller locations into multi-product hubs. Kedia said the bank is now looking toward approximately $300 million of annual investment, with a greater focus on new branch formats and denser coverage in areas with higher household-formation growth.
The company is also establishing client centers in growth markets including Florida, Georgia and Texas, combining wealth, commercial real estate, commercial banking and mortgage teams. Kedia said retail branches may eventually follow in some of those markets, though the current focus remains on densifying the existing footprint. She said the bank has no philosophical opposition to acquisitions but currently sees substantial organic opportunities.
On technology, Kedia said artificial intelligence is already delivering measurable productivity benefits, while revenue-focused applications are still developing. The company also introduced U.S. Bank Digital Coin and completed an initial transaction with its Dublin bank. Management expects to introduce tokenized deposits early in the year and is building a Digital Asset Platform focused on bank-level compliance and controls, although Kedia said real payments demand for stablecoins remains nascent.
Stern said U.S. Bancorp expects at least 200 basis points of operating leverage for the full year, or at least 300 basis points excluding BTIG. The bank paused share repurchases during the third quarter because of capital demands including growth, the Amazon portfolio coming online and interest-rate effects on its available-for-sale portfolio. Stern said management expects the pause to be temporary and remains committed to a 70% to 75% payout ratio.
About U.S. Bancorp (NYSE:USB)U.S. Bancorp NYSE: USB is a financial services holding company and the parent organization of U.S. Bank, a full-service commercial bank. The company provides deposit accounts, consumer and business loans, mortgages, credit and debit cards, payment services, and other banking products to individuals, businesses, institutions and government entities.
Through its wealth, corporate and commercial banking operations, U.S. Bancorp also offers investment management, trust and custody services, treasury management, capital markets support, equipment finance and other specialized financial solutions.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].
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On September 16, 2026, U.S. Bancorp USB shares fell 4.0% to a current price of $59.73, reflecting a downward trend over the past month where the stock has decreased by 8.7%. The shares have fluctuated between a 52-week high of $66.08 and a low of $45.02.
GF Value™ verdict shows USB is currently 18.8% overvalued, with a GF Value of $50.28. GF Score™ stands at 75/100, indicating an above-average performance relative to its peers. Insider activity is notable, with insiders selling $20.4 million worth of shares over the past 12 months, indicating a lack of confidence from those closest to the company. Is USB Overvalued or Undervalued? Currently, U.S. Bancorp is assessed to be overvalued based on the GF Value™, which estimates its fair value at $50.28. This results in a margin of safety of 18.8%, suggesting that the current market price of $59.73 is higher than what the intrinsic value indicates. The GF Valuation label classifies USB as "Modestly Overvalued," which implies that there might be risks associated with entering a position at this price point. Investing in shares perceived to be overvalued can expose investors to potential declines if the market corrects to align with intrinsic values.
GF Value™ is a proprietary estimate that takes into account historical trading multiples, the company's past growth, and projections for future performance. This analysis suggests that U.S. Bancorp may not provide an attractive entry point for new investors, particularly when considering the dividend sustainability, which is critical for dividend-focused investors.
How Does USB's Valuation Compare to Its History? Metric Current Historical P/E (TTM) 11.9x 11.5x Forward P/E 10.3x - U.S. Bancorp's current P/E ratio of 11.9x is 4% above its 5-year median P/E of 11.5x. This indicates that the stock is trading at a premium compared to its historical valuation metrics, aligning with the GF Value™ conclusion that the stock is overvalued. The forward P/E of 10.3x suggests potential earnings growth, but the current premium valuation might deter cautious investors.
What Does USB's GF Score™ Tell Us? The GF Score™ is a comprehensive metric that evaluates a company's financial strength, profitability, growth, valuation, and momentum, providing a holistic view of its investment potential. U.S. Bancorp's score of 75/100 reflects a robust performance, with notable strengths in momentum and growth.
Metric Rating GF Score™ 75/100 Financial Strength 3/10 Profitability 6/10 Growth 7/10 Valuation 5/10 Momentum 10/10 U.S. Bancorp demonstrates a strong area in momentum with a perfect score of 10/10, indicating that the stock has been performing well in recent terms. However, its financial strength score of 3/10 suggests vulnerabilities that may concern risk-averse investors. The profitability and growth ranks show balanced performance, but the valuation rank of 5/10 reiterates the mixed signals presented by the GF Value™ assessment.
What Are Gurus and Insiders Doing with USB? Currently, 17 gurus hold U.S. Bancorp stock, with 6 increasing their positions while 9 have trimmed their holdings in recent quarters. This mixed guru activity indicates a cautious sentiment among professional investors. The fact that insiders sold $20.4 million worth of shares without any buying activity over the past year raises questions about their confidence in the company's near-term performance and stability.
Insider selling, particularly at significant amounts, often reflects a lack of optimism regarding the stock’s future prospects, which could further compound the risks for potential investors considering U.S. Bancorp at its current valuation.
What This Means for Investors In conclusion, U.S. Bancorp appears to be overvalued based on the GF Value™ assessment, with the current price exceeding the intrinsic value by 18.8%. Given the mixed signals from guru and insider activities, as well as concerns regarding financial strength, prospective investors may wish to exercise caution. For those prioritizing dividend sustainability, it is essential to assess the safety of the dividend payout in conjunction with the current valuation. More detailed information can be found on the U.S. Bancorp USB stock page for further insights.
Frequently Asked Questions What is USB's GF Score™?
U.S. Bancorp has a GF Score™ of 75/100, indicating an above-average performance compared to its peers in key financial metrics.
Is USB overvalued or undervalued?
USB is currently overvalued, with a GF Value™ of $50.28 compared to its market price of $59.73, reflecting an 18.8% overvaluation.
What is USB's P/E ratio?
U.S. Bancorp has a P/E (TTM) of 11.9x, which is slightly higher than its 5-year median of 11.5x, suggesting it is trading at a premium relative to its historical valuations.
This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Disclosures I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.
MINNEAPOLIS--(BUSINESS WIRE)--U.S. Bancorp (NYSE: USB) announced it has increased its prime lending rate to 7.00 percent from 6.75 percent, effective tomorrow, September 17, 2026, at all U.S. Bank locations. About U.S. Bancorp: Headquartered in Minneapolis, U.S. Bancorp is the parent company of U.S. Bank National Association, the fifth-largest commercial bank in the United States. Our three major business lines serve 15 million clients globally, and our team of nearly 70,000 people invest our h.
U.S. Bancorp (USB) Barclays 24th Annual Global Financial Services Conference September 16, 2026 9:45 AM EDT
Company Participants
John Stern - Vice Chair & Chief Financial Officer
Gunjan Kedia - President, CEO & Chairman
Conference Call Participants
Jason Goldberg - Barclays Bank PLC, Research Division
Presentation
Jason Goldberg
Barclays Bank PLC, Research Division
Next up, if everyone could take their seats, very pleased to have U.S. Bancorp. From the company, Gunjan Kedia, Chief Executive Officer; and John Stern, Chief Financial Officer. Welcome back, guys.
John Stern
Vice Chair & Chief Financial Officer
Thank you.
Gunjan Kedia
President, CEO & Chairman
Glad to be here.
Question-and-Answer Session
Jason Goldberg
Barclays Bank PLC, Research Division
Great. Gunjan, maybe to start with you. You're a little bit more than a year into your job as CEO at this point. Over that span, we've definitely seen a pickup in revenue growth, I think a pickup in sentiment around the name. Maybe just talk about how the pace of improvement at USB has -- is better than you expected or worse than you expected? And maybe what have been some of the biggest drivers of the success the market is beginning to realize?
Gunjan Kedia
President, CEO & Chairman
Well, thank you, Jason. Very nice to be here, and thank you for recognizing the progress in our results. It feels really rewarding to see the bank start to deliver financials that are consistent with our potential. When I stepped into my role April last year, I did inherit a very attractive franchise. Largely, the mix of businesses is the fee-heavy businesses, is very differentiating, it's very distinctive. The products were good.
We had invested a lot in digital, and the customer base was very strong, especially with the Union Bank acquisition in California. There was just a very attractive customer
Investors with an interest in Banks - Major Regional stocks have likely encountered both U.S. Bancorp (USB) and BNY (BNY). But which of these two stocks presents investors with the better value opportunity right now?
Corient Private Wealth LP boosted its stake in U.S. Bancorp (NYSE:USB – Free Report) by 4.4% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 446,932 shares of the financial services provider’s stock after buying an additional 18,840 shares during the quarter. Corient Private Wealth LP’s holdings in U.S. Bancorp were worth $27,002,000 as of its most recent filing with the SEC.
A number of other large investors have also recently bought and sold shares of USB. Dogwood Wealth Management LLC raised its holdings in shares of U.S. Bancorp by 32.9% in the second quarter. Dogwood Wealth Management LLC now owns 687 shares of the financial services provider’s stock worth $41,000 after acquiring an additional 170 shares during the last quarter. Blalock Williams LLC boosted its stake in shares of U.S. Bancorp by 3.8% during the second quarter. Blalock Williams LLC now owns 4,680 shares of the financial services provider’s stock valued at $283,000 after acquiring an additional 171 shares during the last quarter. Flputnam Investment Management Co. increased its position in U.S. Bancorp by 1.4% during the 4th quarter. Flputnam Investment Management Co. now owns 13,721 shares of the financial services provider’s stock worth $732,000 after purchasing an additional 186 shares in the last quarter. Formidable Asset Management LLC increased its position in U.S. Bancorp by 0.8% during the 1st quarter. Formidable Asset Management LLC now owns 23,373 shares of the financial services provider’s stock worth $1,247,000 after purchasing an additional 186 shares in the last quarter. Finally, FAS Wealth Partners Inc. raised its stake in U.S. Bancorp by 0.9% in the 1st quarter. FAS Wealth Partners Inc. now owns 19,964 shares of the financial services provider’s stock valued at $1,038,000 after purchasing an additional 186 shares during the last quarter. Institutional investors and hedge funds own 77.60% of the company’s stock.
Insider Transactions at U.S. Bancorp In other U.S. Bancorp news, insider Stephen L. Philipson sold 36,906 shares of the business’s stock in a transaction on Monday, July 20th. The shares were sold at an average price of $63.08, for a total value of $2,328,030.48. Following the transaction, the insider owned 74,969 shares in the company, valued at $4,729,044.52. The trade was a 32.99% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Gunjan Kedia sold 27,267 shares of the company’s stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $62.37, for a total value of $1,700,642.79. Following the completion of the transaction, the chief executive officer directly owned 426,262 shares in the company, valued at approximately $26,585,960.94. The trade was a 6.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.21% of the company’s stock.
U.S. Bancorp Trading Up 0.0% NYSE USB opened at $62.86 on Monday. The company has a market cap of $97.94 billion, a P/E ratio of 12.55, a P/E/G ratio of 1.12 and a beta of 0.95. U.S. Bancorp has a 12 month low of $45.02 and a 12 month high of $66.07. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.83 and a quick ratio of 0.82. The company has a 50-day moving average of $63.20 and a 200-day moving average of $58.04. U.S. Bancorp (NYSE:USB – Get Free Report) last released its earnings results on Thursday, July 16th. The financial services provider reported $1.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.07. U.S. Bancorp had a net margin of 18.49% and a return on equity of 13.69%. The business had revenue of $7.69 billion for the quarter, compared to analysts’ expectations of $7.58 billion. During the same period last year, the company earned $1.11 earnings per share. As a group, equities analysts predict that U.S. Bancorp will post 5.22 earnings per share for the current year.
U.S. Bancorp Increases Dividend The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be issued a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date is Wednesday, September 30th. This is a positive change from U.S. Bancorp’s previous quarterly dividend of $0.52. U.S. Bancorp’s payout ratio is currently 41.52%.
Analysts Set New Price Targets Several research firms have issued reports on USB. JPMorgan Chase & Co. raised their price target on shares of U.S. Bancorp from $67.50 to $69.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 29th. Citigroup reissued a “buy” rating on shares of U.S. Bancorp in a research note on Tuesday, July 21st. Raymond James Financial assumed coverage on shares of U.S. Bancorp in a research report on Wednesday, July 8th. They set a “strong-buy” rating and a $72.00 target price on the stock. Truist Financial boosted their price target on U.S. Bancorp from $66.00 to $69.00 and gave the company a “buy” rating in a report on Friday, July 17th. Finally, Oppenheimer increased their price target on U.S. Bancorp from $73.00 to $77.00 and gave the stock an “outperform” rating in a research note on Friday, July 17th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $67.06.
Get Our Latest Report on USB
U.S. Bancorp Company Profile (Free Report)
U.S. Bancorp (NYSE:USB) is a financial services holding company and the parent organization of U.S. Bank, a full-service commercial bank. The company provides deposit accounts, consumer and business loans, mortgages, credit and debit cards, payment services, and other banking products to individuals, businesses, institutions and government entities.
Through its wealth, corporate and commercial banking operations, U.S. Bancorp also offers investment management, trust and custody services, treasury management, capital markets support, equipment finance and other specialized financial solutions.
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Stock to Watch: U.S. Bancorp (USB - Free Report) Headquartered in Minneapolis, MN, U.S. Bancorp was formed in February 2001 with the merger of the former U.S. Bancorp and Firstar Corporation. It provides banking and investment services mainly operating in the Midwest and West regions of the United States. U.S. Bancorp is the parent company of U.S. Bank. The company operates through four major business segments.
USB is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.
It also boasts a Value Style Score of B thanks to attractive valuation metrics like a forward P/E ratio of 11.97; value investors should take notice.
Nine analysts revised their earnings estimate upwards in the last 60 days for fiscal 2026. The Zacks Consensus Estimate has increased $0.11 to $5.22 per share. USB boasts an average earnings surprise of +6.2%.
With a solid Zacks Rank and top-tier Value and VGM Style Scores, USB should be on investors' short list.
MINNEAPOLIS--(BUSINESS WIRE)--U.S. Bancorp (NYSE: USB) announced today that Chairman and CEO Gunjan Kedia and Vice Chair and Chief Financial Officer John Stern will participate in the Barclays Global Financial Services Conference.
The fireside chat will begin at 9:45 a.m. ET on Wednesday, September 16 in New York.
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
Headquartered in Minneapolis, U.S. Bancorp is the parent company of U.S. Bank National Association, the fifth-largest commercial bank in the United States. Our three major business lines serve 15 million clients globally, and our team of nearly 70,000 people invest our hearts and minds to power human potential every day. Ranked 110th on the Fortune 500, we are deeply respected for our culture and long-term stewardship and admired for our diversified business mix and product capabilities.
MINNEAPOLIS--(BUSINESS WIRE)--U.S. Bank today announced the successful execution of a live pilot transaction utilizing USBDC, the bank's proprietary U.S. dollar-backed stablecoin.
U.S. Bancorp said on Wednesday it completed a live pilot transaction using its proprietary U.S. dollar-backed stablecoin, USBDC as lenders race to develop blockchain-based payment networks with stablecoins gaining wider adoption.
MINNEAPOLIS--(BUSINESS WIRE)--U.S. Bank today announced the launch of its Private Waterfall Engine, an automated fund waterfall administration platform designed to support private markets funds. The technology supports multiple waterfall methodologies and automates carried interest, performance fee, and distribution calculations. It imports data from upstream systems, performs controlled calculations and delivers reports and journal entries through a standardized workflow.“Demand for private fun.
All investors love getting big returns from their portfolio, whether it's through stocks, bonds, ETFs, or other types of securities. But when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments.
Cash flow can come from bond interest, interest from other types of investments, and, of course, dividends. A dividend is that coveted distribution of a company's earnings paid out to shareholders, and investors often view it by its dividend yield, a metric that measures the dividend as a percent of the current stock price. Many academic studies show that dividends make up large portions of long-term returns, and in many cases, dividend contributions surpass one-third of total returns.
U.S. Bancorp (USB - Free Report) is headquartered in Minneapolis, and is in the Finance sector. The stock has seen a price change of 18.76% since the start of the year. Currently paying a dividend of $0.52 per share, the company has a dividend yield of 3.28%. In comparison, the Banks - Major Regional industry's yield is 2.85%, while the S&P 500's yield is 1.35%.
Looking at dividend growth, the company's current annualized dividend of $2.08 is up 2% from last year. Over the last 5 years, U.S. Bancorp has increased its dividend 4 times on a year-over-year basis for an average annual increase of 4.01%. Looking ahead, future dividend growth will be dependent on earnings growth and payout ratio, which is the proportion of a company's annual earnings per share that it pays out as a dividend. U.S. Bancorp's current payout ratio is 42%, meaning it paid out 42% of its trailing 12-month EPS as dividend.
Earnings growth looks solid for USB for this fiscal year. The Zacks Consensus Estimate for 2026 is $5.22 per share, which represents a year-over-year growth rate of 12.99%.
Investors like dividends for a variety of different reasons, from tax advantages and decreasing overall portfolio risk to considerably improving stock investing profits. It's important to keep in mind that not all companies provide a quarterly payout.
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Key Takeaways U.S. Bancorp added more than 50 business banking roles, bringing its banker count above 1,300.Expansion into Florida and Georgia and deeper coverage in Texas and Arizona could boost client growth.SBA lending and healthcare banking initiatives broaden USB's offerings and support potential client growth. U.S. Bancorp (USB - Free Report) is expanding its business banking presence across the United States, adding bankers in Florida, Georgia, Texas and Arizona. The move marks its entry into business banking in Florida and Georgia while deepening its presence in Texas and Arizona. The expansion extends USB’s reach beyond its traditional 26-state branch footprint and strengthens its presence in key markets.
The expansion is supported by a growing business banking workforce. USB primarily targets business banking clients with annual sales between $2.5 million and $50 million. Since the beginning of 2026, the bank has added more than 50 customer-facing positions to its business banking division, bringing its total business banker count to more than 1,300. The expanded team will offer deposit, lending, payments and treasury management solutions, giving USB greater capacity to serve its target market.
Along with expanding its frontline workforce, USB is strengthening capabilities tailored to specialized business needs. The bank has added business development officers focused on Small Business Administration (SBA) loans and continues to strengthen its healthcare business banking capabilities.
The geographic rollout builds directly on USB’s previous investments in high-growth economic hubs. In Texas, the bank is expanding its Dallas business banking presence, first established in 2022, while building on its 2025 expansion into Houston. At the same time, it is strengthening its advisory team in Phoenix to complement its expanding regional branch network. In Florida and Georgia, USB is leveraging its existing wealth management, mortgage, commercial and corporate banking offices to accelerate new business client acquisition.
The combination of a larger banker network, specialized capabilities and broader geographic coverage could create additional avenues for organic growth. The entry into Florida and Georgia, along with deeper coverage in Texas and Arizona, should help USB expand its commercial client base and increase activity across lending, operating deposits, payments and treasury management. This could support loan and deposit growth while generating additional fee income. However, successful execution will be key to converting the broader footprint and capabilities into market share gains and sustainable revenue growth.
How Are Other Banks Expanding Their Market Presence?Similar to USB, other banks like Bank of America (BAC - Free Report) and The PNC Financial Services Group, Inc. (PNC - Free Report) are strengthening their market presence through expanded geographic coverage, branch expansion and broader client offerings.
Bank of America is strengthening its middle-market banking franchise by expanding Regional Investment Banking coverage across key U.S. markets. In July 2026, Bank of America added nine senior bankers across nine cities, expanding the platform to more than 200 bankers across 26 U.S. cities. The expansion aims to meet rising middle-market demand and deepen client relationships through its broader banking capabilities.
PNC Financial is similarly expanding its geographic reach through acquisitions and branch investments. Its January 2026 FirstBank acquisition added $26 billion of assets, $16 billion of loans and $23 billion of deposits, while significantly strengthening its presence in Colorado and Arizona. PNC Financial has also increased its planned branch investment to nearly $2 billion, targeting more than 300 new branches across nearly 20 markets by 2030.
USB’s Price Performance & Zacks RankOver the past year, shares of USB have gained 26.9% compared with the industry’s 30.7% growth.
Image Source: Zacks Investment Research
At present, USB carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Gunjan Kedia, President & CEO of U.S. Bancorp (USB -1.14%), sold 27,267 shares of common stock at $62.37 per share on Aug. 28, 2026, according to an SEC Form 4 filing.
Transaction summaryMetricValueTransaction value~$1.7 millionShares sold27,267Post-transaction shares (directly held)426,262Post-transaction value~$26.6 millionTransaction value based on SEC Form 4 weighted average sale price ($62.37); post-transaction value based on Aug. 28, 2026, market close ($62.47).
Key questionsWhat was the structural nature of this transaction?
Gunjan Kedia executed a cashless exercise of vested stock options, converting 27,267 derivative instruments into common stock at a strike price of $55.01 before immediately liquidating the position at a weighted average price of $62.37 per share.How does the executive's remaining stake compare to the overall company structure?
Gunjan Kedia holds a 0.0274% ownership interest in U.S. Bancorp, representing 426,262 shares held directly after the completion of this transaction.What has been the performance context of the stock leading up to this filing?
Shares of U.S. Bancorp have delivered a 28% total return over the 12-month period ending on Aug. 28, 2026.How did the execution price align with the market valuation at the time of the trade?
The weighted-average execution price of $62.37 per share represents a nominal deviation from the $62.47 market close on the transaction date.Company OverviewMetricValueShare Price (as of market close 2026-08-28)$62.47Market Capitalization$97.3 billionRevenue (TTM)$43.7 billionNet Income (TTM)$8.2 billionCompany SnapshotU.S. Bancorp delivers a comprehensive spectrum of banking and financial solutions, including corporate and commercial banking, consumer and business banking, wealth management, and investment services across the United States.The company generates revenue through diversified financial services across its operating segments, including lending, deposit-taking, wealth management, investment advisory, and transaction services.U.S. Bancorp serves a broad customer base encompassing individual consumers, businesses of varying sizes, institutional organizations, governmental bodies, and other financial entities throughout the United States.U.S. Bancorp is a broad-based financial services holding company with a market capitalization of $97.3 billion and TTM revenues of $43.7 billion, positioning it as a significant player in the diversified banking sector. The company maintains a diversified business model across multiple customer segments and geographic markets, generating substantial net income of $8.2 billion on a TTM basis. With 68,520 employees and headquarters in Minneapolis, U.S. Bancorp leverages its scale and comprehensive service offerings to maintain a competitive position in the financial services industry.
What this transaction means for investorsInsider transactions aren't always what they seem. Indeed, oftentimes insiders sell for rather ordinary reasons, such as tax withholding or prearranged sales. Therefore, average investors should always return to fundamentals to determine how a company is performing and whether it is a sensible investment. With that in mind, let's have a closer look at U.S. Bancorp (USB).
To start, let's review how USB stock has performed against the benchmark S&P 500 index. In short, USB has come up a little short over the last few years. Since 2021, USB has generated a total return of 33%, equating to a compound annual growth rate (CAGR) of 5.9%. The S&P 500, meanwhile, has delivered an 82% total return, with a 12.7% CAGR.
Premium Feature
Moneyball Superscore
70/100
Today's Change
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-1.14
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-0.70
Current Price
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60.88
As for its fundamentals, USB has shown mostly solid signs. The company is steadily growing its revenue. In fact, year-over-year revenue growth jumped to 6% in its latest quarter, with management projecting 7%-9% growth for the full year. In addition, the company's operating margin increased to 6%, demonstrating that revenue is growing faster than expenses. Finally, USB passed federally mandated stress tests, which will allow the company to further increase its quarterly dividend to $2.16 per share, equating to a dividend yield of around 3.4%.
In short, USB stock has underperformed the broader market over the last several years. However, its fundamentals remain solid, and its planned dividend hike may attract income-seeking investors.
On August 25, 2026, we delve into the DCF analysis for U.S. Bancorp USB, a financial institution that has shown a year-to-date increase of 19.2% and a notable 34.4% rise over the past year. However, recent price performance has seen a decline of 3.8% over the past week and 2.4% over the past month. This backdrop sets the stage for a deeper examination of USB's valuation.
DCF Earnings-based intrinsic value of $57.82 vs current price of $62.42 (margin of safety: -8.0%) DCF Free Cash Flow-based intrinsic value of $102.45 (significantly undervalued with 39.1% margin of safety) GF Score™ of 76/100 indicates a moderate reliability of the DCF inputs, but the low predictability rank of 1/5 stars suggests caution in relying solely on DCF models. What Is USB Worth? DCF Earnings-Based Model The DCF earnings-based model for U.S. Bancorp employs a two-stage approach to estimate intrinsic value. In the first stage, we project earnings growth over the next ten years at a rate of 3.5%, followed by a terminal growth phase at 4% for the subsequent ten years. The discount rate applied is 11%, derived from the risk-free rate and equity risk premium.
Parameter Value Current EPS (TTM, excl. non-recurring) $5.01 10-Year Growth Rate 3.5% 10-Year Treasury Rate 4.67% Discount Rate (ceil(Treasury) + 6%) 11% Terminal Growth Rate 4% In the growth phase, the estimated value per share is calculated as follows:
Stage Description Value Growth Stage (Years 1-10) EPS growing at 3.5%, discounted at 11% $38.32 Terminal Stage (Years 11-20) 4% terminal growth, discounted at 11% $19.50 Intrinsic Value Growth + Terminal $57.82 With the current price at $62.42, the intrinsic value of $57.82 indicates that U.S. Bancorp is fairly valued, presenting a margin of safety of -8.0%. It is important to note that GuruFocus utilizes EPS excluding non-recurring items, as research indicates that stock prices tend to correlate more closely with earnings than free cash flow. For further details, visit the USB DCF Calculator.
What Does the Free Cash Flow DCF Say? The alternative DCF model based on Free Cash Flow (FCF) presents an intrinsic value of $102.45 per share. This significantly undervalued position, with a margin of safety of 39.1%, contrasts sharply with the earnings-based model. The divergence between these two valuation methods highlights the uncertainty surrounding U.S. Bancorp's future cash flows and earnings quality.
How Does GF Value™ Compare to the DCF Models? Adding another layer to our analysis, the GF Value™ for U.S. Bancorp stands at $49.99, suggesting that the stock is currently overvalued by 24.9%. GF Value™ is GuruFocus' proprietary measure, derived from historical trading multiples, past business growth, and future performance estimates. The differing perspectives from the DCF models and GF Value™ indicate a lack of consensus on U.S. Bancorp's valuation, which investors should carefully consider. For more insights, check the GF Value™.
What Does USB's GF Score™ Tell Us? The GF Score™ evaluates various aspects of a company's performance, including financial strength, profitability, growth, valuation, and momentum. U.S. Bancorp's score of 76/100 reflects a moderate standing, but its predictability rank of 1/5 stars raises concerns about the reliability of the DCF models. This low predictability suggests that investors should approach the DCF estimates with caution.
Metric Rating GF Score™ 76/100 Financial Strength 3/10 Profitability 6/10 Growth 7/10 Valuation 6/10 Momentum 10/10 For more information on U.S. Bancorp, visit the USB stock page.
Key Assumptions and Limitations It is essential to recognize that DCF models are highly sensitive to the assumptions made regarding growth rates and discount rates. Stocks with low predictability ratings, such as U.S. Bancorp, tend to produce less reliable DCF estimates. The terminal growth rate of 4% is a simplifying assumption that may not accurately reflect future market conditions.
What This Means for Investors The analysis reveals a significant divergence between the DCF earnings-based model, which suggests fair valuation, and the DCF FCF model, which indicates substantial undervaluation. The GF Value™ also points to overvaluation, creating a complex picture for investors. Furthermore, the Guru 13F activity shows that 19 gurus currently hold U.S. Bancorp, with 6 adding to their positions and 11 trimming, while insiders have sold $18.7 million worth of shares in the past year. This mixed signal from guru ownership and insider activity adds another layer of complexity to the investment thesis. Investors should weigh these insights carefully when considering U.S. Bancorp's potential. For a comprehensive look at the DCF analysis, visit the USB DCF Calculator.
Frequently Asked Questions What is USB's intrinsic value based on DCF?
Based on the earnings-based model, the intrinsic value is $57.82, while the FCF-based model suggests an intrinsic value of $102.45.
Is USB overvalued or undervalued?
The earnings-based DCF indicates fair valuation, while the FCF-based model suggests it is significantly undervalued. The GF Value™ indicates that it is overvalued.
How reliable is the DCF model for USB?
Given its predictability rank of 1/5 stars, the DCF model for U.S. Bancorp is considered less reliable.
This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Disclosures I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.
Ancora Advisors LLC purchased a new stake in shares of U.S. Bancorp (NYSE:USB – Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 36,976 shares of the financial services provider’s stock, valued at approximately $2,233,000.
Several other institutional investors have also modified their holdings of the stock. Financial Life Planners purchased a new position in U.S. Bancorp during the 1st quarter valued at $27,000. Main Street Group LTD purchased a new position in U.S. Bancorp during the first quarter valued at approximately $28,000. JPL Wealth Management LLC bought a new position in U.S. Bancorp in the third quarter worth approximately $28,000. Binnacle Investments Inc raised its stake in U.S. Bancorp by 77.8% in the third quarter. Binnacle Investments Inc now owns 624 shares of the financial services provider’s stock worth $30,000 after buying an additional 273 shares in the last quarter. Finally, NFSG Corp purchased a new stake in U.S. Bancorp during the first quarter worth $31,000. 77.60% of the stock is owned by institutional investors.
U.S. Bancorp Price Performance U.S. Bancorp stock opened at $62.80 on Thursday. U.S. Bancorp has a 52-week low of $45.02 and a 52-week high of $66.07. The firm has a market capitalization of $97.85 billion, a price-to-earnings ratio of 12.53, a PEG ratio of 1.02 and a beta of 0.96. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 0.96. The company has a fifty day simple moving average of $62.66 and a 200-day simple moving average of $57.70.
U.S. Bancorp (NYSE:USB – Get Free Report) last announced its quarterly earnings data on Thursday, July 16th. The financial services provider reported $1.35 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.07. The firm had revenue of $7.69 billion for the quarter, compared to the consensus estimate of $7.58 billion. U.S. Bancorp had a return on equity of 13.69% and a net margin of 18.49%.During the same quarter last year, the business posted $1.11 earnings per share. On average, equities analysts anticipate that U.S. Bancorp will post 5.22 EPS for the current fiscal year. U.S. Bancorp Dividend Announcement The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend was Tuesday, June 30th. U.S. Bancorp’s payout ratio is 41.52%.
Analysts Set New Price Targets Several research analysts recently commented on the stock. Evercore upgraded shares of U.S. Bancorp from an “in-line” rating to an “outperform” rating and set a $72.00 price objective for the company in a research note on Monday, July 20th. Keefe, Bruyette & Woods lifted their target price on U.S. Bancorp from $63.00 to $66.00 and gave the stock a “market perform” rating in a report on Friday, July 17th. JPMorgan Chase & Co. upped their price target on shares of U.S. Bancorp from $67.50 to $69.00 and gave the company a “neutral” rating in a report on Wednesday, July 29th. BTIG Research set a $67.50 price objective on U.S. Bancorp in a research report on Monday, July 20th. Finally, Raymond James Financial began coverage on U.S. Bancorp in a research report on Wednesday, July 8th. They set a “strong-buy” rating and a $72.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $67.06.
View Our Latest Analysis on USB
Insider Transactions at U.S. Bancorp In other U.S. Bancorp news, insider Stephen L. Philipson sold 36,906 shares of U.S. Bancorp stock in a transaction dated Monday, July 20th. The stock was sold at an average price of $63.08, for a total value of $2,328,030.48. Following the completion of the transaction, the insider directly owned 74,969 shares of the company’s stock, valued at $4,729,044.52. The trade was a 32.99% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.21% of the stock is currently owned by insiders.
About U.S. Bancorp (Free Report)
U.S. Bancorp (NYSE: USB) is a bank holding company and the parent of U.S. Bank, a national commercial bank that provides a wide range of banking, investment, mortgage, trust and payment services. The company operates through consumer and business banking, commercial banking, payment services, and wealth management segments. Its product set includes deposit accounts, consumer and commercial lending, mortgage origination and servicing, credit and debit card services, treasury and cash management, merchant processing, and institutional and trust services.
Headquartered in Minneapolis, Minnesota, U.S.
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Investors with an interest in Banks - Major Regional stocks have likely encountered both U.S. Bancorp (USB) and Northern Trust Corporation (NTRS). But which of these two companies is the best option for those looking for undervalued stocks?
Whether it's through stocks, bonds, ETFs, or other types of securities, all investors love seeing their portfolios score big returns. But when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments.
Cash flow can come from bond interest, interest from other types of investments, and, of course, dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yield, a metric that measures a dividend as a percent of the current stock price. Many academic studies show that dividends account for significant portions of long-term returns, with dividend contributions exceeding one-third of total returns in many cases.
U.S. Bancorp (USB - Free Report) is headquartered in Minneapolis, and is in the Finance sector. The stock has seen a price change of 15.78% since the start of the year. The company is paying out a dividend of $0.52 per share at the moment, with a dividend yield of 3.37% compared to the Banks - Major Regional industry's yield of 2.73% and the S&P 500's yield of 1.33%.
Looking at dividend growth, the company's current annualized dividend of $2.08 is up 2% from last year. Over the last 5 years, U.S. Bancorp has increased its dividend 4 times on a year-over-year basis for an average annual increase of 4.01%. Looking ahead, future dividend growth will be dependent on earnings growth and payout ratio, which is the proportion of a company's annual earnings per share that it pays out as a dividend. U.S. Bancorp's current payout ratio is 42%, meaning it paid out 42% of its trailing 12-month EPS as dividend.
Looking at this fiscal year, USB expects solid earnings growth. The Zacks Consensus Estimate for 2026 is $5.22 per share, which represents a year-over-year growth rate of 12.99%.
Investors like dividends for many reasons; they greatly improve stock investing profits, decrease overall portfolio risk, and carry tax advantages, among others. It's important to keep in mind that not all companies provide a quarterly payout.
Big, established firms that have more secure profits are often seen as the best dividend options, but it's fairly uncommon to see high-growth businesses or tech start-ups offer their stockholders a dividend. Income investors have to be mindful of the fact that high-yielding stocks tend to struggle during periods of rising interest rates. That said, they can take comfort from the fact that USB is not only an attractive dividend play, but also represents a compelling investment opportunity with a Zacks Rank of #2 (Buy).
shares fell 3.0% today, closing at $62.82. The stock has faced a challenging week, down 3.4%, while it has shown a year-to-date increase of 20.0%. The shares have fluctuated significantly over the past year, reaching a 52-week high of $66.08 and a low of $45.02.
GF Value™ verdict: Current price of $62.82 is 25.9% above the fair value estimate of $49.91. GF Score™: 75/100, indicating an above-average rating. Most notable signal: $18.7M in insider selling over the past 12 months, with no purchases.Is USB Overvalued or Undervalued?According to the GF Value™, U.S. Bancorp is currently trading at $62.82, which is significantly above its fair value estimate of $49.91. This places USB at a 25.9% premium, indicating that it is overvalued. The GF Valuation label categorizes the stock as "Modestly Overvalued," suggesting that while it may not be drastically overpriced, there is a risk of a correction if the market adjusts to align the stock price closer to its intrinsic value. The GF Value™ is derived from an analysis of historical trading multiples, the company’s past growth rates, and forecasts of future performance.
The overvaluation signal raises concerns about the sustainability of the current price, particularly in light of the broader market dynamics and the company’s financial health. Without a margin of safety, investors may face increased risks should the stock price correct toward its estimated fair value.
How Does USB's Valuation Compare to Its History?Metric Current Historical P/E (TTM) 12.5x 11.5x Forward P/E 12.0x N/AU.S. Bancorp's current P/E ratio of 12.5x is 9% above its 5-year median P/E of 11.5x. Furthermore, the forward P/E of 12.0x suggests that the stock is trading at a slightly higher valuation compared to its historical levels. This analysis aligns with the GF Value™ conclusion that USB is overvalued, reinforcing the notion that the stock price may face downward pressure in the absence of strong performance improvements or favorable market conditions.
What Does USB's GF Score™ Tell Us?The GF Score™ evaluates a stock based on various metrics, helping to provide a comprehensive view of its overall quality. U.S. Bancorp has a GF Score™ of 75/100, indicating it is above average in terms of its fundamentals and market position. The strongest sub-rank is its Momentum Rank at 10/10, while its Financial Strength rank is the weakest at 3/10.
Metric Rating GF Score™ 75 Financial Strength 3/10 Profitability 6/10 Growth 7/10 Valuation 5/10 Momentum 10/10The stronger momentum indicates that the stock has been performing well in the short term, which is a positive sign for traders. However, the low financial strength score suggests potential vulnerabilities that could affect the company's long-term stability. This disparity in scores highlights the need for cautious evaluation, especially given the current overvaluation scenario.
What Are Gurus and Insiders Doing with USB?Currently, 19 gurus hold U.S. Bancorp shares, with 6 increasing their positions while 11 have trimmed theirs in recent quarters. This mixed activity indicates a divided sentiment among knowledgeable investors regarding the stock's future prospects. The insider selling of $18.7 million without any recent purchases is particularly noteworthy, suggesting a lack of confidence from those within the company regarding its current valuation and future performance.
This pattern of selling could be interpreted as a signal for caution, especially in light of the stock's overvalued status. The absence of insider buying further compounds concerns, as it indicates that those closest to the company are not investing further in its future.
What This Means for InvestorsGiven the assessment of U.S. Bancorp, the stock appears to be overvalued based on the GF Value™ analysis, with a current price significantly above its fair value estimate. The dividend sustainability is a key consideration for potential investors, as the stock's attractiveness diminishes amidst the high valuation and insider selling activity. As always, thorough research and consideration of market conditions are essential before making investment decisions. For further insights on U.S. Bancorp, visit the U.S. Bancorp
USB -3.04% 75
stock page.
Frequently Asked QuestionsWhat is USB's GF Score™?
USB has a GF Score™ of 75/100, indicating it is above average in terms of its overall quality and fundamental metrics.
Is USB overvalued or undervalued?
USB is currently overvalued, with a GF Value™ estimate suggesting that the stock is 25.9% above its fair value.
What is USB's P/E ratio?
USB has a trailing P/E ratio of 12.5, which is above its 5-year median P/E of 11.5, indicating a higher valuation compared to its historical averages.
This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].
On August 18, 2026, we delve into the DCF analysis for U.S. Bancorp
USB +0.08% 75
, a company that has seen a remarkable price performance with a year-to-date increase of 23.9% and a one-year surge of 46.9%. However, the valuation models present a notable disagreement regarding its intrinsic value:
DCF Earnings-based intrinsic value of $57.82 vs current price of $64.87 (margin of safety: -12.2%) DCF Free Cash Flow-based intrinsic value of $102.45 (significantly undervalued with a margin of safety of 36.7%) GF Score™ of 75/100 indicates a moderate reliability of the DCF inputs due to low predictability rank of 1/5 stars What Is USB Worth? DCF Earnings-Based Model The DCF earnings-based model for U.S. Bancorp employs a two-stage approach. In the first stage, we project earnings growth for the next ten years at a rate of 3.5%, followed by a terminal growth phase at 4% for the subsequent ten years. This model is sensitive to the assumptions made, particularly regarding growth and discount rates.
Parameter Value Current EPS (TTM, excl. non-recurring) $5.01 10-Year Growth Rate 3.5% 10-Year Treasury Rate 4.74% Discount Rate (ceil(Treasury) + 6%) 11% Terminal Growth Rate 4% The calculation summary of the DCF earnings-based model is as follows:
Stage Description Value Growth Stage (Years 1-10) EPS growing at 3.5%, discounted at 11% $38.32 Terminal Stage (Years 11-20) 4% terminal growth, discounted at 11% $19.50 Intrinsic Value Growth + Terminal $57.82 With the current price at $64.87, the stock appears modestly overvalued, reflecting a margin of safety of -12.2%. It is important to note that GuruFocus utilizes EPS figures excluding non-recurring items, as research indicates that stock prices correlate more closely with earnings than with free cash flow. For a detailed analysis, visit the USB DCF Calculator.
What Does the Free Cash Flow DCF Say? The DCF based on Free Cash Flow (FCF) presents an intrinsic value of $102.45, which significantly contrasts with the earnings-based valuation. This model indicates that U.S. Bancorp is undervalued, with a margin of safety of 36.7%. The divergence between the earnings and FCF DCF models suggests that while the earnings model points towards overvaluation, the FCF model presents a more favorable outlook.
How Does GF Value™ Compare to the DCF Models? Adding another layer to our analysis, the GF Value™ for U.S. Bancorp stands at $49.89, indicating that the stock is 30.0% overvalued according to this proprietary measure. GF Value™ is derived from historical trading multiples, past business growth, and future performance estimates. The disagreement among the three valuation models highlights the complexity of assessing U.S. Bancorp's true worth. For more insights, check the GF Value™.
What Does USB's GF Score™ Tell Us? The GF Score™ evaluates the overall quality of a stock based on various factors, including financial strength, profitability, growth, valuation, and momentum. U.S. Bancorp's score of 75/100 reflects a reasonably strong position, although its predictability rank of 1/5 stars suggests that the DCF model may not be as reliable for this stock. Below is a summary of the GF Score™ metrics:
Metric Rating GF Score™ 75/100 Financial Strength 3/10 Profitability 6/10 Growth 7/10 Valuation 5/10 Momentum 10/10 For further details, visit the USB stock page.
Key Assumptions and Limitations It is crucial to recognize that DCF models are highly sensitive to the assumptions made regarding growth and discount rates. Stocks with low predictability ratings, such as U.S. Bancorp, yield less reliable DCF estimates. The terminal growth rate of 4% is a simplifying assumption that may not accurately reflect future conditions.
What This Means for Investors In synthesizing the three valuation models—DCF earnings, DCF FCF, and GF Value™—we observe a clear tension. The earnings-based DCF suggests that U.S. Bancorp is modestly overvalued, while the FCF model indicates significant undervaluation. The GF Value™ also points towards overvaluation. Furthermore, the activity of 19 gurus holding the stock, with 6 adding and 11 trimming their positions, alongside insider selling of $18.7M over the past year, adds complexity to the valuation narrative. This mixed signal from guru ownership and insider activity suggests caution when considering an investment in U.S. Bancorp. For a comprehensive view, explore the USB DCF Calculator.
Frequently Asked Questions What is USB's intrinsic value based on DCF?
According to our analysis, the earnings-based intrinsic value is $57.82, while the FCF-based intrinsic value is $102.45.
Is USB overvalued or undervalued?
The earnings-based DCF indicates USB is overvalued, while the FCF-based DCF suggests it is significantly undervalued. The GF Value™ also points to overvaluation.
How reliable is the DCF model for USB?
Given its predictability rank of 1/5 stars, the DCF model for USB is considered less reliable.
This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Shares of U.S. Bancorp (NYSE:USB – Get Free Report) hit a new 52-week high on Tuesday . The company traded as high as $66.07 and last traded at $64.81, with a volume of 5602522 shares. The stock had previously closed at $65.42.
Wall Street Analysts Forecast Growth A number of research analysts recently weighed in on the stock. DA Davidson raised their price target on shares of U.S. Bancorp from $72.00 to $74.00 and gave the company a “buy” rating in a research report on Friday, July 17th. JPMorgan Chase & Co. lifted their price target on shares of U.S. Bancorp from $67.50 to $69.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 29th. Royal Bank Of Canada raised their price target on U.S. Bancorp from $61.00 to $68.00 and gave the stock an “outperform” rating in a research note on Friday, July 17th. Keefe, Bruyette & Woods upped their price target on shares of U.S. Bancorp from $63.00 to $66.00 and gave the stock a “market perform” rating in a research note on Friday, July 17th. Finally, Morgan Stanley increased their price objective on shares of U.S. Bancorp from $64.00 to $67.00 and gave the company an “equal weight” rating in a research report on Monday, June 29th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $67.06.
Check Out Our Latest Stock Report on U.S. Bancorp
U.S. Bancorp Stock Down 0.9% The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 0.96. The company’s 50 day moving average is $61.95 and its two-hundred day moving average is $57.45. The company has a market capitalization of $100.98 billion, a PE ratio of 12.94, a PEG ratio of 1.07 and a beta of 0.96. U.S. Bancorp (NYSE:USB – Get Free Report) last announced its quarterly earnings results on Thursday, July 16th. The financial services provider reported $1.35 EPS for the quarter, beating analysts’ consensus estimates of $1.28 by $0.07. U.S. Bancorp had a return on equity of 13.69% and a net margin of 18.49%.The company had revenue of $7.69 billion during the quarter, compared to analyst estimates of $7.58 billion. During the same period in the prior year, the company earned $1.11 earnings per share. On average, analysts anticipate that U.S. Bancorp will post 5.22 earnings per share for the current year.
U.S. Bancorp Dividend Announcement The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were issued a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 3.2%. The ex-dividend date was Tuesday, June 30th. U.S. Bancorp’s dividend payout ratio (DPR) is 41.52%.
Insider Transactions at U.S. Bancorp In other news, insider Stephen L. Philipson sold 36,906 shares of the business’s stock in a transaction on Monday, July 20th. The shares were sold at an average price of $63.08, for a total transaction of $2,328,030.48. Following the completion of the sale, the insider directly owned 74,969 shares of the company’s stock, valued at approximately $4,729,044.52. The trade was a 32.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.21% of the stock is currently owned by insiders.
Hedge Funds Weigh In On U.S. Bancorp A number of large investors have recently bought and sold shares of USB. Financial Life Planners bought a new position in shares of U.S. Bancorp in the 1st quarter worth $27,000. Main Street Group LTD acquired a new stake in U.S. Bancorp in the 1st quarter worth approximately $28,000. JPL Wealth Management LLC purchased a new stake in shares of U.S. Bancorp during the third quarter valued at $28,000. Parvin Asset Management LLC acquired a new position in shares of U.S. Bancorp in the second quarter valued at about $30,000. Finally, Binnacle Investments Inc increased its holdings in U.S. Bancorp by 77.8% in the 3rd quarter. Binnacle Investments Inc now owns 624 shares of the financial services provider’s stock worth $30,000 after buying an additional 273 shares during the period. Institutional investors own 77.60% of the company’s stock.
About U.S. Bancorp (Get Free Report)
U.S. Bancorp (NYSE: USB) is a bank holding company and the parent of U.S. Bank, a national commercial bank that provides a wide range of banking, investment, mortgage, trust and payment services. The company operates through consumer and business banking, commercial banking, payment services, and wealth management segments. Its product set includes deposit accounts, consumer and commercial lending, mortgage origination and servicing, credit and debit card services, treasury and cash management, merchant processing, and institutional and trust services.
Headquartered in Minneapolis, Minnesota, U.S.
Further Reading Five stocks we like better than U.S. Bancorp Commodities Are Booming, But These 3 ETFs Tell Different Stories 3 Active ETFs Making Big Moves in August This ETF Is Outperforming by Avoiding the S&P 500’s Biggest Problem Birkenstock Beats the Skeptics—But Not on EPS Receive News & Ratings for U.S. Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for U.S. Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.
Investors interested in stocks from the Banks - Major Regional sector have probably already heard of U.S. Bancorp (USB) and BNY (BNY). But which of these two stocks is more attractive to value investors?
