US Bancorp (USB), is highlighted among incredibly cheap dividend stocks to invest in. The bank, which reported a missed expectations on full-year 2024 earnings, has been subjected to up and down stake changes by various financial firms. Notably, Atlanta Consulting Group Advisors, Bestgate Wealth Advisors, and Kiker Wealth Management have made new investments, while Nicholas Company and Integras Partners significantly increased their stocks holdings. In contrast, Thrivent Financial for Lutherans and Corient Private Wealth have considerably reduced their position.
There exists some level of instability, with the bank's stock facing price target cuts by Goldman Sachs and Bank of America. However, despite these setbacks, Citi still maintains its buy status on the USB stock with a $65 target and the bank looks forward to a steady $2.00 annual dividend program for 2025. The promotion of Gunjan Kedia to CEO and the addition of Courtney Kelso as Head of Consumer Payments Organization anticipates a positive organizational turn.
The bank's operational performance has raised questions, with stocks crashing 6.6%. Still, the bank's fee income boost and strong dividend program suggest sustained financial health. Amid these uncertainties, analysts remain bullish on USB, viewing it as the best wide moat stock and a top extreme value stock to invest in right now.
US Bancorp USB News Analytics from Wed, 04 Sep 2024 07:00:00 GMT to Sat, 22 Mar 2025 10:18:20 GMT - Rating 5 - Innovation -3 - Information 7 - Rumor -4
