U.S. Bancorp (USB), has been underperforming in comparison to other competitors and the S&P 500 on the stock market, despite having a
strong institutional backing, with 79% of the company owned by institutions. While several investment groups have trimmed their stakes in U.S. Bancorp due to
lowered earning expectations and a cut in guidance, it retains a
Great Dividend rating. It is also notable that its Q2 earnings exceeded estimates, though its expenses were up year to year. Its Q1 earnings also beat estimates, but provisions rose, and the company has cut its lending-income outlook amid deposit pressures. Still, it seems there are investors who view this bank as a
quality investment and a
smart long-term buy. Despite mixed Q4 results due to economic headwinds and SLR exemption expiry, U.S. Bancorp still remains a favorite amongst institutions. However, shareholders who invested three years ago are unfortunately seeing red.
US Bancorp USB News Analytics from Wed, 13 Sep 2023 07:00:00 GMT to Sun, 26 May 2024 19:29:00 GMT -
Rating -3
- Innovation -2
- Information 4
- Rumor -3
