Morgan Stanley analyst Betsy Graseck maintains $U.S. Bancorp (USB.US)$ with a buy rating, and maintains the target price at $57.
According to TipRanks data, the analyst has a success rate of 48.6% and a total average return of 3.5% 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 likelihood of U.S. Bancorp engaging in mergers and acquisitions had previously led to a decline in stock value following last month's investor event. However, company executives emphasized during the Q3 earnings discussion that such transactions are not currently a focal point or a priority for the company. Following the Q3 results surpassing expectations, earnings forecasts for Q4 and the full year of 2025 have been adjusted upward.
Following the Q3 report, it was observed that the bank's earnings surpassed expectations, attributed to net interest income that outperformed guidance coupled with provisions that were more favorable than anticipated.
U.S. Bancorp's Q3 earnings surpassed expectations with a core pre-provision net revenue of $2.8B, slightly above the consensus. This was due to a 2% rise in net interest income, balanced against core expenses and a 2% dip in fee income. The management's subtly higher net interest income forecast for FY24, now at the upper end of the previous range, is perceived positively, especially as the market anticipates additional interest rate reductions by year-end and loan growth remains subdued.
Note:
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