BofA Lifts PT on US Bancorp (USB) to $54 From $49, Maintains a Buy Rating

US Bancorp (NYSE:USB) is one of the best cheap stocks under $50 to buy now. On July 13, BofA raised the firm’s price target on US Bancorp (NYSE:USB) to $54 from $49, keeping a Buy rating on the shares.

U.S. Bancorp Shows Resilience as a Consistent Dividend Payer

An experienced banker on the trading floor, monitoring financial markets in real time.

The firm told investors that it adjusted its price targets on regional banks as part of a preview of the Q2 earnings season.

On June 18, US Bancorp’s (NYSE:USB) Board of Directors announced a regular quarterly dividend of $0.50 per common share to stockholders of record at the close of business on June 30, 2025. The annual dividend at this quarterly dividend rate comes up to $2.00 per common share.

US Bancorp (NYSE:USB) is a bank holding company that offers financial services including cash management, lending and depository services, foreign exchange, and trust and investment management.

It also offers refinance, mortgage, boat, and RV loans, credit card services, credit lines, auto, merchant, checking, and savings accounts, ATM processing, debit cards, insurance, and more.

While we acknowledge the potential of USB to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than USB and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.