Bank of America, UBS Reset Expectations for U.S. Bancorp (USB)

U.S. Bancorp (NYSE:USB) is included among the 13 Bank Stocks with Highest Dividends.

Bank of America, UBS Reset Expectations for U.S. Bancorp (USB)

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On April 7, BofA lowered its price objective on U.S. Bancorp (NYSE:USB) to $61 from $62. It reiterated a Buy rating on the shares. The update came as part of the firm’s regional bank coverage, as it reduced price targets by about 3% on average, pointing to lower valuation multiples, higher uncertainty around earnings per share, and a rising cost of equity.

On the same day, UBS lowered its price target on USB to $58 from $60 and maintained a Neutral rating. The update came as part of its Q1 preview for large-cap banks and consumer finance companies. The firm said that even after cutting its expected rate cuts for 2026 from two to one, its estimates for 2026 and 2027 remain largely unchanged. UBS also noted that the selloff in the sector so far this year “could unearth some opportunities, especially given strong momentum” in areas such as direct lending, capital markets, and deregulation.

U.S. Bancorp (NYSE:USB) operates as a financial services holding company with several business segments, including Wealth, Corporate, Commercial and Institutional Banking, Consumer and Business Banking, Payment Services, and Treasury and Corporate Support. The company provides a full range of financial services, including lending and deposit products, cash management, capital markets capabilities, and trust and investment management services.

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