U.S. Bancorp (USB) has witnessed notable activity both in its stock, with a large inflow of shares being bought and some sold off by investment corporations, and in its operations, especially with new bond offerings providing capital flexibility. Its line-up of promising dividends has placed it as a top pick for portfolios seeking reliable yield. Furthermore, the Q2 earnings report exhibited strong financial performance, contributing to USB's resilient character as a dividend payer. Despite soft interest income, USB managed to report rising second-quarter profits, with net income hitting US$1,815 million. Several institutions, including Davis Selected Advisers, Vanguard Group, Charles Schwab Investment Management, Goldman Sachs, and BofA, have increased their stake in USB. Furthermore, the company's market position improved after the announcement of Gunjan Kedia as the first female CEO. However, the bank's stock experienced some selloff from AMF Tjanstepension AB, Commerce Bank, Mutual of America Capital Management, etc. Important to note, USB's price target has been elevated by Oppenheimer, HSBC, and BofA. Despite pandemic-related market turmoil, USB remains an attractive investment due to its inclusion into various portfolios and bullish Wall Street analyst sentiment.
US Bancorp USB News Analytics from Thu, 12 Dec 2024 08:00:00 GMT to Sat, 09 Aug 2025 13:14:08 GMT -
Rating 8
- Innovation 2
- Information 5
- Rumor -2
