Dodge & Cox and
Wesbanco Bank Inc. reduced their stock holdings in
U.S. Bancorp (USB) while
Wealth Forward LLC,
V Square Quantitative Management LLC,
Garde Capital Inc., and
State of Tennessee Treasury Department increased theirs. Despite underperforming compared to competitors on certain days, USB's stock outperformed on multiple occasions. Although impacted by high costs, the company has a solid deposit base and robust institutional backing, with 79% ownership by institutional owners.
Morgan Stanley was upbeat about the stock, forecasting a 3% revenue growth. However, Q1 revenue declined, leading to a guidance cut.
StockNews.com upgraded USB's rating, and the company announced the formation of a new
Institutional Client Group. On the other hand, USB's Q1 profit fell by 22% with income interest forecasted reduced for 2024. Despite this, USB beat Q1 earnings estimates. It is important to note that with its strong return on equity, USB could potentially outperform. Despite daily gains, potential bearish signals are found from insiders disposing stock.
US Bancorp USB News Analytics from Sat, 04 Nov 2023 07:00:00 GMT to Sun, 16 Jun 2024 17:20:25 GMT -
Rating 0
- Innovation 0
- Information 5
- Rumor -5
