U.S. Bancorp May See 3% Net Interest Income Growth in 2025, But Regulatory Capital Goals May Limit Share Buyback Pace: Analyst

Goldman Sachs analyst Richard Ramsden reiterated the Neutral rating on U.S. Bancorp USB, lowering the price forecast to $49.Last week, the company reported fourth quarter adjusted earnings per share of $1.07, beating the street view of $1.05.Quarterly sales of $6.98 billion marginally missed the analyst consensus estimate of $6.996 billion.The analyst projects the company’s net interest income to grow 3% year-over-year in 2025, which is lower than peers due to limited upside from fixed asset repricing.Howev ...