U.S. Bancorp's (USB), the parent company of U.S Bank, continues to show solid performance and is considered among top picks in bank stocks. The company continues maintaining a strong dividend program declaring a $0.50 quarterly payout for 2025, despite underperforming the S&P 500 recently. There has been heavy activity on the shares of U.S Bancorp with multiple large stakeholders including
Franklin Resources and Geode Capital Management boosting their stakes, while others such as
Toronto Dominion Bank and
Kovitz Investment Group decreased their holdings. Renowned investor
Halvorsen also has U.S Bancorp among his top stock picks. The bank has made strategic decisions for its payments business, planning for
leadership and structural changes. Additionally, they have announced a new $5 billion common stock
repurchase program and increased the quarterly common stock dividend.
Analysts are bullish on U.S Bancorp stock, and the company's Q3 earnings beat estimates, primarily due to lower non-interest expenses.
USB is expected to deliver continued growth in the coming periods with strong profitability amidst the changing economic landscape.
US Bancorp USB News Analytics from Wed, 22 May 2024 07:00:00 GMT to Sat, 14 Dec 2024 15:30:12 GMT -
Rating 8
- Innovation 5
- Information 6
- Rumor -5
