10 Undervalued Wide Moat Stocks to Buy Now

6. U.S. Bancorp (NYSE:USB)

Forward Price-to-Earnings: 11.10x

Number of Hedge Fund Holders: 56

U.S. Bancorp (NYSE:USB) is included on our list of the best undervalued wide moat stocks.

On January 13, 2026, U.S. Bancorp (NYSE:USB) announced that it will acquire Wall Street brokerage BTIG for up to $1 billion in cash and stock. With this move, the company marks a strategic expansion into capital markets.

In addition to $725 million upfront, the deal includes an additional $275 million contingent on performance over three years. BTIG has served as the bank’s equity capital markets referral partner since 2014, bringing strengths in investment banking, institutional sales and trading, research, and prime brokerage. The firm has helped U.S. Bancorp (NYSE:USB) diversify beyond traditional banking. The deal is expected to close in the second quarter of 2026.

Within this context, Piper Sandler analysts noted,

While U.S. Bancorp (NYSE:USB) certainly has capital markets capabilities, they have historically been ‌much ‌more limited than those of several peers. This transaction therefore rounds out USB’s offerings to become more competitive with those of other large banks.

On the same day, Keefe Bruyette spoke out on the recent development, viewing it as a modest positive for U.S. Bancorp (NYSE:USB). The firm noted the company’s strategy of gradually growing its internal capital markets capabilities amid rising industry-wide demand. The firm maintained its ‘Market Perform’ rating with a $58 price target.

U.S. Bancorp (NYSE:USB), founded in 1929 and headquartered in Minneapolis, offers comprehensive banking services, including lending, deposits, wealth management, mortgages, credit cards, and brokerage services across the U.S.