Evercore analyst John Pancari maintains $U.S. Bancorp (USB.US)$ with a hold rating, and adjusts the target price from $49 to $51.
According to TipRanks data, the analyst has a success rate of 38.9% and a total average return of -6.7% over the past year.
Furthermore, according to the comprehensive report, the opinions of $U.S. Bancorp (USB.US)$'s main analysts recently are as follows:
The acceleration of interest rate reductions is anticipated to positively affect the net interest margin at mid-sized banks, while the impact on larger banks is expected to be more varied. U.S. Bancorp, with its substantial proportion of interest-earning deposits, is poised to adjust swiftly to declining rates. This is projected to lead to significant net interest margin growth in 2025, a development that has not been fully integrated into the current consensus forecasts.
The expectation is for third-quarter results of regional banks to continue the fundamental improvement that commenced in the previous quarter. It is anticipated that downward revisions of earnings per share estimates due to a lower rate environment and softer loan trends will mitigate risks associated with sector earnings expectations. An incremental positive stance is taken on regional banks, with the view that interest rate reductions could ease the strain on funding costs, encourage loan demand, support credit conditions, particularly in commercial real estate, and potentially enhance the earnings multiple for the sector.
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