CLSA Maintains U.S. Bancorp to Underperform with Price Target $45.00

Brokerage firm CLSA Maintains its rating on U.S. Bancorp(NYSE:USB). In a research note issued to the investors, the brokerage major Raises the price-target to $45.00 per share. The shares have been rated Underperform. The rating by CLSA was issued on Sep 23, 2016.

In a different note, On Jul 5, 2016, Keefe Bruyette & Woods said it Maintains its rating on U.S. Bancorp. In the research note, the firm Lowers the price-target to $45.00 per share. The shares have been rated ‘Market Perform’ by the firm.

U.S. Bancorp (USB) made into the market gainers list on Tuesdays trading session with the shares advancing 1.01% or 0.43 points. Due to strong positive momentum, the stock ended at $42.9, which is also near the day’s high of $42.92. The stock began the session at $42.32 and the volume stood at 67,47,795 shares. The 52-week high of the shares is $44.58 and the 52 week low is $37.07. The company has a current market capitalization of $73,425 M and it has 1,71,15,33,600 shares in outstanding.

U.S. Bancorp(USB) last announced its earnings results on Jul 15, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $5.45B. Analysts had an estimated revenue of $5.19B. Earnings per share were $0.82. Analysts had estimated an EPS of $0.81.

Several Insider Transactions has been reported to the SEC. On Aug 9, 2016, Olivia F Kirtley (director) sold 1,454 shares at $42.87 per share price.Also, On Jul 25, 2016, Kent V. Stone (Vice Chairman) sold 29,947 shares at $42.11 per share price.On Jul 25, 2016, Terrance R Dolan (Vice Chairman) sold 5,000 shares at $42.03 per share price, according to the Form-4 filing with the securities and exchange commission.

U.S. Bancorp is a multi-state financial services holding company. The Company operates through its banking subsidiary U.S. Bank National Association is engaged in the general banking business in domestic markets. The Company provides a range of financial services including lending and depository services cash management capital markets and trust and investment management services. It also engages in credit card services merchant and automated teller machines (ATM) processing mortgage banking insurance brokerage and leasing. U.S. Bank National Association provides a range of products and services to individuals businesses institutional organizations governmental entities and other financial institutions. Its commercial and consumer lending services are offered to customers within the Company’s domestic markets to domestic customers with foreign operations and to large national customers operating in specific industries targeted by the Company.

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