USB Stock - U.S. Bancorp
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $42.71B | $40.62B | $27.40B | $23.71B | $25.24B |
| Gross Profit | $25.10B | $25.74B | $22.21B | $23.89B | $19.42B |
| Gross Margin | 58.8% | 63.4% | 81.0% | 100.8% | 76.9% |
| Operating Income | $7.91B | $6.87B | $7.30B | $10.17B | $6.05B |
| Net Income | $6.30B | $5.43B | $5.83B | $7.96B | $4.96B |
| Net Margin | 14.7% | 13.4% | 21.3% | 33.6% | 19.6% |
| EPS | $3.79 | $3.27 | $3.69 | $5.11 | $3.06 |
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 as traditional credit products; and credit card services, lease financing and import/export trade, asset-backed lending, agricultural finance, and other products. It also provides ancillary services comprising capital markets, treasury management, and receivable lock-box collection services to corporate and governmental entity customers; and a range of asset management and fiduciary services for individuals, estates, foundations, business corporations, and charitable organizations. In addition, the company offers investment and insurance products to its customers principally within its markets, as well as fund administration services to a range of mutual and other funds. Further, it provides corporate and purchasing card, and corporate trust services; and merchant processing services, as well as investment management, ATM processing, mortgage banking, insurance, and brokerage and leasing services. As of December 31, 2021, the company provided its products and services through a network of 2,230 banking offices principally operating in the Midwest and West regions of the United States, as well as through on-line services, over mobile devices, and other distribution channels; and operated a network of 4,059 ATMs. The company was founded in 1863 and is headquartered in Minneapolis, Minnesota.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| October 23rd 2025 | Deutsche Bank | Upgrade | Buy | $52.5 |
| September 29th 2025 | Morgan Stanley | Downgrade | Equal Weight | $56 |
| July 7th 2025 | Raymond James | Upgrade | Strong Buy | $57 |
| May 15th 2025 | TD Cowen | Initiation | Buy | $60 |
| April 3rd 2025 | JP Morgan | Downgrade | Underweight | $43.5 |
| April 3rd 2025 | Wolfe Research | Upgrade | Outperform | $49 |
| January 13th 2025 | Piper Sandler | Upgrade | Overweight | $58 |
| January 2nd 2025 | DA Davidson | Upgrade | Buy | $60← $58 |
| December 19th 2024 | Raymond James | Upgrade | Outperform | $57 |
| November 25th 2024 | Citigroup | Upgrade | Buy | $65← $49 |
| October 24th 2024 | Deutsche Bank | Downgrade | Hold | $51 |
| September 30th 2024 | Morgan Stanley | Upgrade | Overweight | $57← $54 |
| June 27th 2024 | JP Morgan | Downgrade | Neutral | $43.5 |
| April 18th 2024 | Keefe Bruyette | Downgrade | Market Perform | $45← $52 |
| March 28th 2024 | HSBC Securities | Upgrade | Buy | $53← $47 |
Earnings History & Surprises
USBEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q1 2027 | Jan 19, 2027 | — | — | — | — |
Q4 2026 | Oct 15, 2026 | — | — | — | — |
Q3 2026 | Jul 16, 2026 | — | — | — | — |
Q2 2026 | Apr 16, 2026 | — | — | — | — |
Q1 2026 | Jan 15, 2026 | $1.19 | — | — | — |
Q4 2025 | Oct 16, 2025 | $1.13 | $1.22 | +8.0% | ✓ BEAT |
Q3 2025 | Jul 17, 2025 | $1.07 | $1.11 | +3.7% | ✓ BEAT |
Q2 2025 | Apr 16, 2025 | $0.98 | $1.03 | +5.2% | ✓ BEAT |
Q1 2025 | Jan 16, 2025 | $1.04 | $1.07 | +2.9% | ✓ BEAT |
Q4 2024 | Oct 16, 2024 | $0.99 | $1.03 | +4.0% | ✓ BEAT |
Q3 2024 | Jul 17, 2024 | $0.94 | $0.98 | +4.3% | ✓ BEAT |
Q2 2024 | Apr 17, 2024 | $0.88 | $0.90 | +2.3% | ✓ BEAT |
Q1 2024 | Jan 17, 2024 | $0.99 | $0.99 | 0.0% | = MET |
Q4 2023 | Oct 18, 2023 | $1.02 | $1.05 | +2.9% | ✓ BEAT |
Q3 2023 | Jul 19, 2023 | $1.13 | $1.12 | -0.9% | ✗ MISS |
Q2 2023 | Apr 19, 2023 | $1.12 | $1.16 | +3.6% | ✓ BEAT |
Q1 2023 | Jan 25, 2023 | $1.11 | $1.20 | +8.1% | ✓ BEAT |
Q4 2022 | Oct 14, 2022 | $1.17 | $1.18 | +0.9% | ✓ BEAT |
Q3 2022 | Jul 15, 2022 | $1.07 | $1.09 | +1.9% | ✓ BEAT |
Q2 2022 | Apr 14, 2022 | $0.94 | $0.99 | +5.3% | ✓ BEAT |
Latest News
Truist Securities Maintains Hold on U.S. Bancorp, Raises Price Target to $58
➖ NeutralKeefe, Bruyette & Woods Maintains Market Perform on U.S. Bancorp, Raises Price Target to $58
➖ NeutralU.S. Bank Collaborates With Coinstar For Clients To Deposit Coins Directly Into Checking Accounts
📈 PositiveOffice Of The Comptroller Of The Currency Releases Preliminary Findings from Its Review of Large Banks' Debanking Activities
➖ NeutralOppenheimer Maintains Outperform on U.S. Bancorp, Lowers Price Target to $64
➖ NeutralBaird Medical Completes First-Ever Microwave Ablation Cancer Procedure In Bangladesh At USB Hospital, Dhaka
📈 PositiveTD Cowen Maintains Buy on U.S. Bancorp, Raises Price Target to $60
📈 PositiveDA Davidson Maintains Buy on U.S. Bancorp, Raises Price Target to $59
📈 PositiveCitigroup Maintains Buy on U.S. Bancorp, Raises Price Target to $70
📈 PositiveTruist Securities Maintains Hold on U.S. Bancorp, Raises Price Target to $52
➖ NeutralWells Fargo Maintains Overweight on U.S. Bancorp, Raises Price Target to $52
📈 PositiveB of A Securities Maintains Buy on U.S. Bancorp, Raises Price Target to $55
📈 PositiveU.S. Bancorp Sees Q4 Total Fee Revenue Of $3.0B; Company Sees Relatively Stable Net Interest Income
📈 PositiveU.S. Bancorp Q3 Adj. EPS $1.22 Beats $1.13 Estimate, Sales $7.300B Beat $7.160B Estimate
📈 PositiveU.S. Bank Creates Digital Assets And Money Movement Organization To Accelerate Stablecoin, Custody, And Tokenization Services
📈 PositiveU.S. Bank Has Been Selected To Serve As The Custodian For Reserves Backing Anchorage Digital Bank's Payment Stablecoins
📈 PositiveUBS Maintains Neutral on U.S. Bancorp, Raises Price Target to $50
➖ Neutral'U.S. Regulators Are Set To Unveil A Plan Next Week Targeting How Officials Scrutinize Banks' Risk, After President Donald Trump Moved To Rein In What He Sees As The Closing Of Customer Accounts For Political Reasons; FDIC Proposal To Explicitly Prohibit Examiners From Forcing Lenders To Close Customer Accounts On Political, Cultural, Religious Grounds' - Bloomberg News
➖ NeutralEvercore ISI Group Maintains In-Line on U.S. Bancorp, Raises Price Target to $54
➖ NeutralOppenheimer Maintains Outperform on U.S. Bancorp, Lowers Price Target to $66
➖ NeutralFrequently Asked Questions about USB
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