U.S. Bancorp (USB) has had a volatile journey in the market recently, with notable varied performance compared to its competitors. Cetera Investment Advisers and Plato Investment Management have increased their stock positions, while others, such as Acadian Asset Management and 1832 Asset Management, have sold shares. Following a Q1 revenue decline, the company cut its guidance, subsequently leading to a slip in its stock. Despite the drop, the stock hit a 52-week high of $45.86 during a market rally. U.S. Bancorp managed to outperform competitors on certain days, even in the face of losses. Morgan Stanley raised U.S. Bancorp's price target to $54.00 on a positive note. However, investors' overall experience with the stock has not been satisfactorily, with a loss of 24% over the last three years. On the upside, its Q2 earnings and revenues did top estimates. The company is now planning to increase its quarterly dividend by 2%, which indicates a positive outlook. Unfortunately, the stock has been underperforming the financial sector and is trailing the S&P 500.
US Bancorp USB News Analytics from Mon, 20 Nov 2023 08:00:00 GMT to Sun, 04 Aug 2024 15:31:22 GMT - Rating 3 - Innovation 2 - Information 5 - Rumor -3
