US Bancorp (USB) is set to witness key changes.
Gunjan Kedia will be CEO succeeding
Andy Cecere in mid-April. The company announced a new buyback plan and medium-term outlook and anticipates a fee-based ride after a year of 'uncertainty'. They have also planned leadership and structural changes in their payments business. Multiple stocks are being bought or their stakes are being lowered by various firms. The company’s
earnings are expected to grow and beat estimates in
Q4, with
Wall Street analysts bullish on the stock. The firm announced dividends and a $5 billion common stock repurchase plan. Despite increased expenses impacting earnings, fee income is to provide aid.
U.S Bancorp is considered a good choice of stocks for local bank investment, and an excellent dividend stock. However, there was a slight downfall in
Q2. The company’s
Q4 earnings scored a boost from a rise in non-interest income, signaling a strong return on equity, though there were concerns over higher credit losses.
US Bancorp USB News Analytics from Thu, 08 Aug 2024 07:00:00 GMT to Thu, 13 Feb 2025 15:40:00 GMT -
Rating 4
- Innovation 3
- Information 8
- Rumor -5
