U.S. Bancorp (USB)
| Market Cap | 67.39B |
| Revenue (ttm) | 24.66B |
| Net Income (ttm) | 5.14B |
| Shares Out | 1.56B |
| EPS (ttm) | 3.35 |
| PE Ratio | 12.92 |
| Forward PE | 10.97 |
| Dividend | $1.96 (4.53%) |
| Ex-Dividend Date | Dec 28, 2023 |
| Volume | 5,967,756 |
| Open | 43.52 |
| Previous Close | 43.63 |
| Day's Range | 43.23 - 43.81 |
| 52-Week Range | 27.27 - 49.95 |
| Beta | 1.09 |
| Analysts | Buy |
| Price Target | 46.26 (+6.89%) |
| Earnings Date | Jan 17, 2024 |
About USB
U.S. Bancorp, a financial services holding company, provides various financial services to individuals, businesses, institutional organizations, governmental entities and other financial institutions in the United States. It operates in Corporate and Commercial Banking, Consumer and Business Banking, Wealth Management and Investment Services, Payment Services, and Treasury and Corporate Support segments. The company offers depository services, including checking accounts, savings accounts, and time certificate contracts; lending services, such ... [Read more]
Financial Performance
In 2022, U.S. Bancorp's revenue was $22.21 billion, a decrease of -7.06% compared to the previous year's $23.89 billion. Earnings were $5.50 billion, a decrease of -27.67%.
Financial StatementsAnalyst Forecast
According to 21 analysts, the average rating for USB stock is "Buy." The 12-month stock price forecast is $46.26, which is an increase of 6.89% from the latest price.
News
Trailing The Broader Index By 24%, Is U.S. Bancorp Stock Ready To Rebound?
U.S. Bancorp's stock (NYSE: USB) has gained approximately 1% YTD as compared to the 25% rise in the S&P500 index over the same period. Further, it is currently trading at $44 per share, which is 6% ab...
Oppenheimer is bullish on the major banks heading into 2024
Stephanie Link, Joe Terranova and Jim Lebenthal join the 'Halftime Report' to debate their favorite bank names.
U.S. Bank fined $36 million for freezing unemployment debit cards during COVID-19 pandemic
The nation's fifth-largest bank made it extremely difficult for benefit recipients to regain access to frozen accounts, the CFPB found.
CFPB: US Bank Illegally Blocked Workers From Unemployment Benefits
America's consumer watchdog said U.S. Bank wrongly kept workers from unemployment benefits during the pandemic. As such, the Consumer Financial Protection Bureau ordered the bank to pay nearly $21 mil...
U.S. Bancorp charged with preventing workers from getting unemployment during COVID
The Consumer Financial Protection Bureau and the Office of the Comptroller of the Currency on Tuesday said they fined U.S. Bancorp USB, +0.41% a combined $36 million for how the bank handled unemploym...
US OCC fines U.S. Bank $15 million for unfair practices - statement
The U.S. Office of the Comptroller of the Currency assessed a $15 million civil money penalty against U.S. Bank for violations of law relating to its administration of a prepaid card program to distri...
U.S. Bancorp announces quarterly dividends
MINNEAPOLIS--(BUSINESS WIRE)--U.S. Bancorp announces quarterly dividends.
U.S. Bancorp to speak at the Goldman Sachs Financial Services Conference
MINNEAPOLIS--(BUSINESS WIRE)--U.S. Bancorp to speak at the Goldman Sachs Financial Services Conference.
U.S. Bank Freight Payment Index: Truck freight spending, volume drop for fifth consecutive quarter
MINNEAPOLIS--(BUSINESS WIRE)--During the third quarter, the amount spent to ship goods via truck freight was down 12.5% compared to a year prior while the volume of shipments was off 9.7%, according t...
U.S. Bancorp to speak at the BancAnalysts Association of Boston Conference
MINNEAPOLIS--(BUSINESS WIRE)--U.S. Bancorp to speak at the BancAnalysts Association of Boston Conference.
US Bank Debuts Avvance Installment Payment Tool
U.S. Bank has introduced a tool that lets businesses offer consumer financing at point-of-sale. The lender's Avvance offering, announced Tuesday (Oct. 24) is an “embedded, multi-channel point-of-sale ...
U.S. Bancorp Posts Solid Earnings
Net interest income is being helped by the Federal Reserve's aggressive pace of rate hikes.
U.S. Bancorp Reports Third Quarter 2023 Results
MINNEAPOLIS--(BUSINESS WIRE)--U.S. Bancorp Reports Third Quarter 2023 Results.
U.S. Bancorp's stock rallies on release of Fed banking requirement
U.S. Bancorp's USB, +6.63% stock was up 5.9% after the bank said in a filing that the U.S. Federal Reserve is not requiring it to meet Category II banking requirements by Dec. 31, 2024 under the Dodd-...
CFRA's Ken Leon says deposit risks are still a concern for regional banks
Ken Leon, CFRA Director of Equity Research, joins 'Closing Bell: Overtime' to discuss bank earnings and what to expect next week from regionals.
Rising Rates Turn From Friend to Foe for U.S. Banks
Rising interest rates have boosted earnings for U.S. banks in recent quarters. But their upcoming third-quarter earnings reports likely will disclose how that past boon has morphed into a burgeoning b...
U.S. Bancorp Announces Third Quarter Earnings Conference Call Details
MINNEAPOLIS--(BUSINESS WIRE)--U.S. Bancorp Announces Third Quarter Earnings Conference Call Details.
U.S. SEC nearing settlement with Wall Street firms over WhatsApp probe -sources
The U.S. Securities and Exchange Commission (SEC) is finalizing settlements with around two dozen Wall Street firms to resolve investigations into record-keeping lapses, said two people with knowledge...
U.S. Bancorp Announces Quarterly Dividends
MINNEAPOLIS--(BUSINESS WIRE)--U.S. Bancorp announces quarterly dividends.
U.S. Bancorp Provides Schedule for 2025 Earnings Conference Calls
MINNEAPOLIS--(BUSINESS WIRE)--U.S. Bancorp Provides Schedule for 2025 Earnings Conference Calls.
U.S. Bancorp to speak at the Barclays Global Financial Services Conference
MINNEAPOLIS--(BUSINESS WIRE)--U.S. Bancorp to speak at the Barclays Global Financial Services Conference.
Here's how much regional banks could lose under new liquidity rules
The U.S. Federal Reserve has warned regional banks about stricter liquidity requirements in a fresh regulatory push that will impact 2024 earnings of six affected banks, an analyst at J.P. Morgan said...
Profit Potential: 5 Undervalued Stocks With High Dividend Yields
In some cases, it's even possible to offset losses elsewhere with dividends: A perfect example is the Utilities Select Sector SPDR Fund NYSEARCA: XLU, whose price actually declined in 2022, but a heal...
Bank of America, JPMorgan and four other financial stocks recommended by Oppenheimer as ‘undervalued'
Bank of America Corp. BAC, -0.03%, JPMorgan Chase & Co. JPM, -1.04%, Citigroup C, -0.42%, Morgan Stanley MS, -0.23%, Goldman Sachs Group Inc. GS, -0.48% and U.S. Bancorp USB, -0.65% are being recommen...