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U.S. Bancorp USB Stock Quote

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Morningstar‘s Stock Analysis USB

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Is it the right time to buy or sell?
Is it the right time to buy or sell?

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Circling Back to U.S. Bancorp After Q2 Earnings; Decreasing Our Fair Value Estimate to $59 From $60

Business Strategy and Outlook

| Eric Compton, CFA |

U.S. Bancorp is one of the strongest and best-run regional banks we cover. Few domestic competitors can match its operating efficiency, and for the past 15 years the bank has consistently posted returns on equity well above peers and its own cost of equity. U.S. Bancorp’s exposure to moaty nonbank businesses and its consistently excellent core banking operations make us like the company's positioning for the future. If we were to have a complaint, it would be that the bank was already on top of its game years ago, making it difficult for the firm to further optimize efficiency and returns, while peers seem to be gradually "catching up" over time.

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Business Description

As a diversified financial-services provider, U.S. Bancorp is one of the nation's largest regional banks, with branches in well over 20 states, primarily in the Western and Midwestern United States. The bank offers many services, including retail banking, commercial banking, trust and wealth services, credit cards, mortgages, and other payments capabilities.

800 Nicollet Mall
Minneapolis, MN, 55402
T +1 651 466-3000
Industry Banks - Regional
Most Recent Earnings Jun 30, 2022
Fiscal Year End Dec 31, 2022
Employees 68,796

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