On Oct 17, major Wall Street analysts update their ratings for $U.S. Bancorp (USB.US)$, with price targets ranging from $49 to $60.
Goldman Sachs analyst Richard Ramsden maintains with a hold rating, and adjusts the target price from $46 to $49.
BofA Securities analyst Ebrahim Poonawala maintains with a buy rating, and adjusts the target price from $53 to $55.
Barclays analyst Jason Goldberg maintains with a buy rating, and adjusts the target price from $52 to $57.
Wells Fargo analyst Mike Mayo maintains with a buy rating, and adjusts the target price from $52 to $60.
Evercore analyst John Pancari maintains with a hold rating, and maintains the target price at $51.
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, U.S. Bancorp's earnings surpassed expectations as net interest income exceeded projections and provisions were lower than anticipated.
U.S. Bancorp's third-quarter earnings surpassed expectations, with core pre-provision net revenue reaching $2.8B, slightly above consensus. This was due to net interest income that was 2% above forecasts, and core expenses that met expectations, though this was somewhat balanced by a 2% dip in fee income. Furthermore, the management's subtly revised net interest income forecast for FY24, which is now at the upper end of the previous range of $16.1B-16.4B, is considered positive in light of market anticipations of additional interest rate reductions by year's end and the observed subdued loan growth.
U.S. Bancorp has exhibited some of the industry's most consistent returns, despite facing challenging trends in net interest income (NII) and operating leverage over the past five quarters. Notably, NII saw a decline over four consecutive quarters from Q1 2023 to Q1 2024, with a cumulative drop of 14%, before it achieved a slight increase of 0.9% in Q2 2024 and then a 1.7% in Q3 2024. Operating leverage had been in the negative territory for five successive quarters, but when accounting for a specific loss related to securities portfolio restructuring, it posted a modest positive figure. There have only been two quarters of NII growth and one quarter of positive operating leverage, but there are indications that this trend could persist.
U.S. Bancorp has shifted from a negative stance to a positive one in terms of net interest income growth and operating leverage, which appears to be part of a longer-term inflection point. Projections have been modestly increased.
Here are the latest investment ratings and price targets for $U.S. Bancorp (USB.US)$ from 9 analysts:
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美東時間10月17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49美元至60美元。
高盛集團分析師Richard Ramsden維持持有評級，並將目標價從46美元上調至49美元。
美銀證券分析師Ebrahim Poonawala維持買入評級，並將目標價從53美元上調至55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。
富國集團分析師Mike Mayo維持買入評級，並將目標價從52美元上調至60美元。
Evercore分析師John Pancari維持持有評級，維持目標價51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：
在第三季度報告後，美國合衆銀行的收入超出預期，淨利息收入超出預期並且撥備低於預期。
美國合衆銀行第三季度盈利超出預期，核心除賠付前淨收入達到28億美元，略高於共識。這是由於淨利息收入比預測高出2%，核心支出符合預期，儘管手續費收入下降了2%，但這在一定程度上被管理的略微修訂的FY24年淨利息收入預測所平衡，該預測現在處於之前161億至164億美元的區間的上限，考慮到市場預期全年末加息並觀察到貸款增長疲軟，這被認爲是積極的。
儘管在過去五個季度面臨淨利息收入(NII)和營運槓桿方面的挑戰，美國合衆銀行展示出行業中最爲穩定的回報之一。顯著的是，NII在從2023年第一季度到2024年第一季度連續下降四個季度，累計下降14%，然後在2024年第二季度略微增長0.9%，再在2024年第三季度增長1.7%之前。營運槓桿連續五個季度處於負面領域，但考慮到特定與證券組合重組相關的損失後，它顯示出一個適度的正數。只有兩個季度的NII增長和一個季度的正營運槓桿，但有跡象表明這一趨勢可能持續。
美國合衆銀行已從淨利息收入增長和營運槓桿方面的消極立場轉向積極立場，這似乎是一個較長期的拐點。預測已適度增加。
以下爲今日9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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