U.S. Bancorp (USB) has seen an influx of news recently, with an updated Buy rating and increased price target from Citigroup. Despite evidence of insider selling, a 4 percent dividend hike and an elevated stock price target of $51 by Truist underlines confidence in the company's longevity. They've attempted to adapt to a changing landscape by cutting their prime lending rate to 7.25% and re-launching a Bitcoin custody service, indicating a potential shift in their digital strategy. These changes coincide with Q2 earnings reports and the announcement of a series of preferred dividends.
Their updated breathtaking cash flow platform for small businesses has also garnered attention. Raymond James upgraded USB's stock to a Strong Buy and we've observed a 16.7% increase in the stock since the last earnings report. Notably, the appointment of US Bancorp president Gunjan Kedia as CEO is a significant step. The unsteady prime lending rate has led to some hesitancy, with Madison Large Cap Fund selling its stake in USB. As they navigate second quarter 2025 earnings, comprehensive insights from these earnings are eagerly anticipated.
US Bancorp USB News Analytics from Thu, 12 Dec 2024 08:00:00 GMT to Fri, 19 Sep 2025 18:09:11 GMT - Rating 7 - Innovation 6 - Information 8 - Rumor -5
