Goldman Sachs analyst Richard Ramsden maintains $U.S. Bancorp (USB.US)$ with a hold rating, and adjusts the target price from $46 to $49.
According to TipRanks data, the analyst has a success rate of 68.1% and a total average return of 13.2% 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:
U.S. Bancorp's earnings surpassed expectations following the third-quarter report, with net interest income exceeding guidance and a provision that was lower than anticipated.
U.S. Bancorp's third-quarter earnings surpassed expectations with a core pre-provision net revenue of $2.8 billion, slightly above the forecasted figures. This was aided by a net interest income that was 2% higher, along with expenses that met projections, although this was somewhat balanced out by a 2% dip in fee income. Additionally, the company's slightly raised net interest income outlook for FY24, which now sits at the upper end of the previous range, is regarded as positive amid expectations of further interest rate reductions by year-end and a backdrop of subdued loan growth.
Note:
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