TD Cowen Raises PT on U.S. Bancorp (USB) Stock

Core Viewpoint - U.S. Bancorp (NYSE:USB) is highlighted as a strong investment opportunity, with TD Cowen raising its price target to $60 and maintaining a "Buy" rating following positive Q3 2025 results [1][2]. Financial Performance - In Q3 2025, U.S. Bancorp achieved record net revenue of $7,329 million, reflecting a 9.5% increase in fee revenue [2]. - The company reported net income of $2,001 million for Q3 2025, indicating a 16.7% year-over-year growth [3]. - Positive operating leverage of 530 basis points year-over-year was noted, excluding net securities gains or losses [3]. Operational Highlights - The growth in net interest income and margin expansion, along with strong performance in fee businesses and effective expense management, contributed to the double-digit net income growth [3].