Earnings Preview: What to Expect From U.S. Bancorp’s Report

Core Insights - U.S. Bancorp (USB) is valued at a market cap of $76.9 billion and is one of the largest regional banks in the U.S. with a diverse range of services [1] - The bank is expected to announce its fiscal Q3 earnings on October 16, with analysts projecting a profit of $1.11 per share, reflecting a 7.7% increase from the previous year [2] - For the current year, analysts anticipate USB to report an EPS of $4.36, which is a 9.6% increase from $3.98 in fiscal 2024, and an expected growth to $4.74 in fiscal 2026 [3] Stock Performance - USB shares have increased by 9.1% over the past year, which is lower than the S&P 500 Index's 15.6% rise and the Financial Select Sector SPDR Fund's 19.6% return [4] - On September 17, U.S. Bancorp announced a cut to its prime lending rate from 7.50% to 7.25%, which led to a more than 2% increase in USB shares on the following day [5] Analyst Ratings - Wall Street analysts have a "Moderate Buy" rating for USB, with 11 recommending "Strong Buy," 2 suggesting "Moderate Buy," 11 indicating "Hold," and 1 recommending "Strong Sell" [6] - The mean price target for USB is $53.83, indicating an 8.9% potential upside from current levels [6]