U.S. Bancorp: Gradual NIM Improvement Can Boost Shares

Sundry Photography Shares of U.S. Bancorp (NYSE:USB) have been a solid performer over the past year as the bank has benefitted from the recovery from the early 2023 regional banking crisis. It also received favorable regulatory outcomes on its capital needs following its Union Bank branch acquisition. Given that tailwind, I rated shares a buy in November. Since then, USB has returned 11%, a solid absolute return, but lackluster in comparison to the market's 15% gain. Shares have also pulled back nearly 10% ...