Street View: U.S. Bancorp is well-positioned for progress
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((Automated translation by Reuters using machine learning and generative AI, please refer to the following disclaimer: https://bit.ly/rtrsauto)) July 17 - ** U.S. Bancorp USB.N announced a record quarterly revenue on Thursday, thanks to strong loan growth and widespread fee income, while its acquisition of investment bank BTIG provided additional momentum ** The median target price of the 25 brokers covering the stock stands at 68 dollars – data compiled by LSEG FOCUS ON THE BTIG OPERATION ** KBW ("in line with the market", target price: 66 dollars) believes that "USB's fundamental outlook remains favorable", supported by better forecasts for fee income ** D.A. Davidson ("buy", target price: 74 dollars) states that "profitability indicators are in the upper range compared to competitors, capital levels are progressing, and if USB manages to maintain the strong momentum of its revenue, the company should regain its high valuation" ** Jefferies ("buy", target price: 75 dollars) indicates that USB's ongoing acquisition of the Amazon card portfolio, expected to finalize in mid-August, should stimulate loan growth, improve asset composition, and increase net interest income ** Morningstar (fair value: 62 dollars) believes that, although cross-selling BTIG products to existing USB clients could create some revenue opportunities, the target of a 10% share of revenue seems "ambitious"
