Barclays analyst Jason Goldberg maintains $U.S. Bancorp (USB.US)$ with a buy rating, and adjusts the target price from $52 to $57.
According to TipRanks data, the analyst has a success rate of 63.6% and a total average return of 12.8% 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:
Following the Q3 report, it was observed that U.S. Bancorp's earnings surpassed expectations as net interest income went beyond guidance and a provision that was lower than anticipated also contributed positively.
U.S. Bancorp's third-quarter earnings surpassed expectations, with a core pre-provision net revenue reported at $2.8 billion. This slight outperformance relative to consensus was attributed to a 2% increase in net interest income and controlled core expenses, although this was somewhat balanced by a decrease in fee income. Furthermore, the management's updated guidance for FY24 net interest income, which is now at the upper end of the previous range, is perceived positively amidst market expectations of additional interest rate reductions by year-end and subdued loan growth.
Note:
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