Barclays Maintains a Buy on ​U.S. Bancorp (USB)

​U.S. Bancorp (NYSE:USB) is one of the Best Undervalued Stocks to Buy Under $100. Recently, on May 5, Jason Goldberg from Barclays reiterated a Buy rating on the stock with a price target of $67. Earlier on April 30, Vivek Juneja reiterated a Sell rating on U.S. Bancorp (NYSE:USB) and lowered the price target from $58 to $57.5.

​The ratings come after the company posted fiscal Q1 2026 earnings results on April 16. During the quarter, the company reported $7.29 billion in revenue, reflecting 4.74% year-over-year growth and ahead of expectations by $1.50 million. The GAAP EPS of $1.18 also topped expectations by $0.04.

​Management noted that total net revenue, fee revenue, and noninterest expenses all topped previous guidance and remain in line with the company’s medium-term targets. The company added that revenue remains strong, driven by growth in business lines and fee categories. Looking ahead, at Q2, the company expects total net interest income and fee revenue to grow by 6% to 7% year-over-year.

​J.P. Morgan noted that the slight reduction in the price target reflects the firm’s overall price adjustment for large-cap banks following Q1 results.

​U.S. Bancorp (NYSE:USB) is a Minneapolis-based financial services holding company and the parent of U.S. Bank National Association. It provides diversified banking, investment, mortgage, trust, and payment services to consumers, businesses, and institutions through over 2,000 branches, digital platforms, and ATM networks.

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