On Oct 18, major Wall Street analysts update their ratings for $U.S. Bancorp (USB.US)$, with price targets ranging from $51 to $59.
Morgan Stanley analyst Betsy Graseck maintains with a buy rating, and maintains the target price at $57.
Barclays analyst Jason Goldberg maintains with a buy rating, and adjusts the target price from $52 to $57.
Evercore analyst John Pancari maintains with a hold rating, and maintains the target price at $51.
Oppenheimer analyst Chris Kotowski maintains with a buy rating, and adjusts the target price from $57 to $59.
Stephens analyst Terry McEvoy maintains with a hold rating, and adjusts the target price from $47 to $52.
Furthermore, according to the comprehensive report, the opinions of $U.S. Bancorp (USB.US)$'s main analysts recently are as follows:
The decline in U.S. Bancorp's stock following the investor day last month was attributed to concerns over potential M&A activities. However, during the Q3 earnings conference, management clarified that M&A was not a focus and should not be considered a priority. Subsequent to the Q3 earnings surpassing expectations, forecasts for Q4 and FY25 earnings per share have been adjusted to higher figures.
Following the third-quarter report, it was noted that U.S. Bancorp's earnings exceeded expectations as net interest income surpassed projections and provisions were lower than anticipated.
U.S. Bancorp's Q3 earnings surpassed expectations, with core pre-provision net revenue reaching $2.8B, slightly above the consensus. This was attributed to a 2% increase in net interest income, balanced core expenses, and despite a 2% dip in fee income. Furthermore, an optimistic outlook is reflected in the management's updated net interest income guidance for FY24, which suggests figures at the top range of prior forecasts, considering the anticipation of additional interest rate reductions by year-end and the current subdued loan growth.
U.S. Bancorp has been recognized for consistently delivering some of the best returns in the industry, although it has faced challenges with net interest income (NII) and operating leverage for more than a year. NII experienced a downward trend for four consecutive quarters, seeing a total decrease of 14% from the first quarter of 2023 to the first quarter of 2024, before it finally saw a slight increase in the following two quarters. Similarly, operating leverage was negative for five quarters in a row. However, after accounting for a one-time loss related to securities portfolio restructuring, there was a marginal improvement. With recent signs of growth in NII and an uptick in operating leverage, there is optimism for continued positive performance.
The analyst notes that U.S. Bancorp has shifted from a negative to a positive stance with respect to net interest income growth and operating leverage, indicating what may be the start of a multi-year turning point. Estimates have been modestly increased.
Here are the latest investment ratings and price targets for $U.S. Bancorp (USB.US)$ from 7 analysts:
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美東時間10月18日，多家華爾街大行更新了$美國合眾銀行 (USB.US)$的評級，目標價介於51美元至59美元。
摩根士丹利分析師Betsy Graseck維持買入評級，維持目標價57美元。
巴克萊銀行分析師Jason Goldberg維持買入評級，並將目標價從52美元上調至57美元。
Evercore分析師John Pancari維持持有評級，維持目標價51美元。
奧本海默控股分析師Chris Kotowski維持買入評級，並將目標價從57美元上調至59美元。
Stephens分析師Terry McEvoy維持持有評級，並將目標價從47美元上調至52美元。
此外，綜合報道，$美國合眾銀行 (USB.US)$近期主要分析師觀點如下：
月末的美國合衆銀行投資者日後，公司股價下跌，原因歸結於對併購活動的擔憂。然而，在第三季度業績會上，管理層澄清表示，併購並非重點，也不應被視爲優先事項。隨着第三季度業績超出預期，對第四季度和2025財年每股盈利的預測也已調高。
第三季度報告發布後，人們注意到美國合衆銀行的盈利超出預期，淨利息收入超過預期，並提前計提額低於預期。
美國合衆銀行第三季度業績超出預期，核心計提前淨收入達到28億美元，略高於共識。這歸因於淨利息收入增加2％，平衡的核心費用，儘管手續費收入下降了2％。此外，管理層對2024財年的淨利息收入指導進行了更新，預計將位於先前預測範圍的最高水平，考慮到年底前額外減息的預期和目前低迷的貸款增長。
美國合衆銀行因連續爲行業帶來一流回報而備受認可，儘管在過去一年中面臨着淨利息收入（NII）和營運槓桿方面的挑戰。 NII連續四個季度呈下降趨勢，從2023年第一季度到2024年第一季度總體下降了14％，然後在接下來的兩個季度中終於略有增長。同樣，營運槓桿連續五個季度保持負增長。然而，在考慮一次性與證券投資組合重組有關的損失後，略有改善。隨着NII增長的跡象和營運槓桿的提升，人們對持續積極表現感到樂觀。
分析師指出，美國合衆銀行在淨利息收入增長和營運槓桿方面已從負面轉向積極的態度，表明可能是一個多年轉折點的開始。估值已適度上調。
以下爲今日7位分析師對$美國合眾銀行 (USB.US)$的最新投資評級及目標價：
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