Recently, various investment firms and asset managers have demonstrated their confidence in **U.S. Bancorp (USB)** by increasing their positions in the stock. These firms include **Brighton Jones LLC**, **Red Door Wealth Management LLC**, **Grange Capital LLC**, among others. However, **Daymark Wealth Partners LLC** and **Annex Advisory Services LLC** have reportedly decreased their respective stakes. This mixed action comes after USB presented its **Q4 earnings** which were notably strong and exceeded Wall Street's estimates. Despite this, the company had a temporary setback, suffering a **6.6% plunge** in its stock value. Future outlook remains upbeat with a possibility that USB might beat estimates again in its subsequent earnings report. **Strategic leadership changes** and American Express veteran being tapped to lead Consumer & Small Business Payments Division, and the announcement of new common **stock repurchase programs** are among the other significant moves by the bank. As it stands, several market pundits are considering USB as among the best bank stocks to invest in for the long term.
US Bancorp USB News Analytics from Wed, 22 May 2024 07:00:00 GMT to Sat, 25 Jan 2025 14:19:43 GMT -
Rating 7
- Innovation 3
- Information 9
- Rumor -4
