U.S. Bancorp (NYSE: USB) has reported earnings for its fourth fiscal quarter (ending December 31) of $0.49 versus $0.57 for the same period a year ago — a decline of -14%. This result fell short of the consensus estimate of $0.93 by $-0.44. For the latest four quarters through December 31, E.P.S. were $3.27 versus $3.69 for the same period a year ago — a decline of -11%.
Recent Price Action
On 1/17/24, U.S. Bancorp (NYSE: USB) stock declined modestly by -1.4%, closing at $40.82. Moreover, this decline was accompanied by unusually high trading volume at 155% of normal. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -7.1% during the last week.
Current PriceTarget Research Rating
USB is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
US Bancorp has a current Value Trend Rating of A (Highest Rating). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. US Bancorp has a good Appreciation Score of 83 and a good Power Rating of 85, with the Highest Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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