U.S. Bancorp (USB) was Downgraded by Robert W. Baird to ” Neutral” while Lowering the Price Target of the company shares to $ 42 from a previous price target of $45 . Earlier the firm had a rating of “Outperform ” on the company shares. Robert W. Baird advised their investors in a research report released on Apr 21, 2016.
Many Wall Street Analysts have commented on U.S. Bancorp. Shares were Reiterated by Compass Point on Apr 21, 2016 to “Neutral” and Lowered the Price Target to $ 46 from a previous price target of $48 .U.S. Bancorp was Downgraded by Guggenheim to ” Neutral” on Apr 6, 2016. U.S. Bancorp was Upgraded by Atlantic Equities to ” Overweight” on Mar 14, 2016.
On the company’s financial health, U.S. Bancorp reported $0.76 EPS for the quarter, based on the information available during the earnings call on Apr 20, 2016. Analyst had a consensus estimate of $0.76. The company had revenue of $5037.00 million for the quarter, compared to analysts expectations of $5071.11 million. The company’s revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.76 EPS.
U.S. Bancorp opened for trading at $41.03 and hit $41.3 on the upside on Monday, eventually ending the session at $41.21, with a gain of 0.27% or 0.11 points. The heightened volatility saw the trading volume jump to 75,66,357 shares. Company has a market cap of $71,595 M.
In a different news, on Feb 17, 2016, Richard B Jr Payne (Vice Chairman) sold 56,059 shares at $40.14 per share price. According to the SEC, on Nov 9, 2015, Jennie P Carlson (EVP, Human Resources) sold 50,000 shares at $44.07 per share price. On Nov 9, 2015, Craig E Gifford (EVP and Controller) sold 1,500 shares at $43.74 per share price, according to the Form-4 filing with the securities and exchange commission.
U.S. Bancorp is a multi-state financial services holding company. The Company operates through its banking subsidiary U.S. Bank National Association is engaged in the general banking business in domestic markets. The Company provides a range of financial services including lending and depository services cash management capital markets and trust and investment management services. It also engages in credit card services merchant and automated teller machines (ATM) processing mortgage banking insurance brokerage and leasing. U.S. Bank National Association provides a range of products and services to individuals businesses institutional organizations governmental entities and other financial institutions. Its commercial and consumer lending services are offered to customers within the Company’s domestic markets to domestic customers with foreign operations and to large national customers operating in specific industries targeted by the Company.