U.S. Bancorp Analysts Boost Their Forecasts After Upbeat Q2 Results

Benzinga07-17 21:25

U.S. Bancorp (NYSE:USB) reported upbeat second-quarter 2026 results and raised its full-year revenue outlook on Thursday.

Adjusted earnings came in at $1.35 per share, topping the analyst consensus estimate of $1.28. Revenue rose to $7.69 billion, ahead of the $7.58 billion consensus estimate.

U.S. Bancorp raised its fiscal 2026 revenue guidance to $30.71 billion-$31.28 billion from $29.85 billion-$30.42 billion. The updated range compares with the $30.56 billion analyst estimate.

Management maintained medium-term targets for mid-single-digit fee revenue growth, an efficiency ratio in the mid-to-high 50% range, and return on average assets of 1.15% to 1.35%.

U.S. Bancorp shares gained 0.3% to $64.20 in pre-market trading.

These analysts made changes to their price targets on U.S. Bancorp following earnings announcement.

  • Baird analyst David George maintained U.S. Bancorp with a Neutral and raised the price target from $64 to $68.
  • Barclays analyst Jason Goldberg maintained the stock with an Overweight rating and raised the price target from $67 to $75.
  • RBC Capital analyst Gerard Cassidy maintained the stock with an Outperform rating and raised the price target from $61 to $68.

Considering buying USB stock? Here’s what analysts think:

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