Brokerage Firm Rating Update on U.S. Bancorp (USB)

U.S. Bancorp (USB) : 21 analysts are covering U.S. Bancorp (USB) and their average rating on the stock is 2.33, which is read as a Buy. 7 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. U.S. Bancorp (USB) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. 1 more analyst has given the stock a Sell recommendation. A total of 12 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

U.S. Bancorp (USB) : The highest level U.S. Bancorp (USB) is projected to reach is $51 for the short term and the lowest estimate is at $42. The consolidated price target from 13 rating analysts who initiate coverage on the stock is $45.85 and the possibility the share price can swing is $3.05.


Company shares have received an average consensus rating of Hold for the current week Also, In the latest statement by the brokerage house, Keefe Bruyette & Woods maintains its outlook on U.S. Bancorp (NYSE:USB). The current rating of the shares is Market Perform, according to the research report released by the firm. The brokerage firm lowers the price target from $45 per share to $43 per share. The rating by the firm was issued on July 5, 2016.

U.S. Bancorp (NYSE:USB): stock was range-bound between the intraday low of $43.57 and the intraday high of $43.88 after having opened at $43.74 on Wednesdays session. The stock finally closed in the red at $43.74, a loss of -0.46%. The stock remained in the red for the whole trading day. The total traded volume was 7,524,192 shares. The stock failed to cross $43.88 in Wednesdays trading. The stocks closing price on Thursday was $43.86.

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 Companys 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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