Recently, U.S. Bancorp (USB) has been receiving a range of coverage in the market news. For Q3, Wall Street's estimated metrics have been announced as analysts remain bullish on the stock due to its wide moat characteristic. However, despite daily gains, its stock has underperformed against competitors. The company is set to post its earnings results on Wednesday. There are predictions of a decline in Q3 earnings, although fee income is expected to provide a boost. Notably, the stock has risen 12% in 3 months, fuelling speculation of a further upside. Meanwhile, institutional owners who hold majority shares in USB have favored the stock and a new partnership has been declared with Edward Jones. There is an anticipation of purchase of USB stocks by Royal Fund Management LLC. The company has announced a new buyback plan along with providing its medium-term outlook. USB underperformed the S&P 500 by 17% YTD despite its recent price surge. It was reported of insiders selling its stock, signalling caution. However, acquiring the healthcare payment platform and launching new credit card lines demonstrate a progressive stride.
US Bancorp USB News Analytics from Fri, 16 Feb 2024 21:30:19 GMT to Fri, 11 Oct 2024 20:48:00 GMT -
Rating 5
- Innovation -2
- Information 6
- Rumor 3
