Morgan Stanley Raises its Price Target on U.S. Bancorp (USB)

U.S. Bancorp (NYSE:USB) is one of the 10 Most Undervalued American Stocks to Invest In.

On June 29, 2026, Morgan Stanley analyst Manan Gosalia raised the firm’s price target on U.S. Bancorp (NYSE:USB) to $67 from $64 and kept an Equal Weight rating. Gosalia said that even after the bank group’s 17% quarter-to-date rally, Morgan Stanley remains positive on banks heading into earnings season as revenue momentum continues to build.

On June 26, Truist raised its price target on U.S. Bancorp to $66 from $62 and kept a Buy rating as part of a broader note on Universal and Regional Banks. Truist said the bank’s net interest margin expansion remains in focus as U.S. Bancorp moves closer to its near-term goal of reaching a 3% margin at some point in 2027. The firm also pointed to management’s expectation for another record in total consumer deposits in Q2, along with improving the deposit mix.

On June 25, U.S. Bancorp commented on the Federal Reserve’s Dodd-Frank Act Stress Test results. The company said its stress capital buffer will remain unchanged at 2.6% until October 1, 2027, requiring a CET1 ratio at or above 7.1%. U.S. Bancorp’s CET1 ratio using the Basel III standardized approach was 10.8% as of March 31, 2026. The company’s planned capital actions include a 3.8% increase in its quarterly common stock dividend to $0.54 per share from $0.52, subject to board approval, and it had $4.1 billion of remaining capacity under its $5 billion share repurchase program as of March 31, 2026.

U.S. Bancorp (NYSE:USB) provides financial services to individuals, businesses, institutional organizations, governmental entities, and other financial institutions in the United States.

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