U.S. Bancorp (USB) has been making notable news in the market recently. RW Investment Management LLC has significantly increased its share, purchasing an additional 18,237 shares. Enhancing shareholder returns, USB has also announced a fresh buyback and dividend increment plan. Further emphasizing its dedication to returns, it also set forth a
$5 billion stock repurchase program, to be supplemented by a boost to the quarterly common stock dividend. Meanwhile, despite a 17% underperformance against the S&P 500 YTD, suggestions to invest in USB have been abundant due to an attractive share repurchase plan and a dovish Fed. Another point of interest was the decrease in the prime lending rate by USB to 8.00%, while the
stock's rating has remained 'In-Line' with no change in price target. Several entities like the Blair William & Co., and Bradley Foster & Sargent Inc. have decided to lower their USB positions, even as Arijit Roy was appointed to the USB Managing Committee. Despite earnings trailing expectations, the financial organization had optimistic reviews, with its Q2 earnings and revenues surpassing estimates. USB's prospects seem bullish, yet multiple concerns persist making some downgrade it to 'Hold'.
US Bancorp USB News Analytics from Tue, 12 Mar 2024 07:00:00 GMT to Sun, 22 Sep 2024 16:59:28 GMT -
Rating 5
- Innovation -2
- Information 5
- Rumor 3
