Truist cuts target for U.S. Bancorp stock to USD 67.00
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U.S. Bancorp (ISIN US9029733048) saw Truist Financial cut its price target from USD 69.00 to USD 67.00 on October 1, 2026, while keeping a Buy rating, according to MarketBeat. The move puts the latest analyst action below the consensus target of USD 67.56 cited in the same October 1 report. The target reduction comes against a strong second-quarter operating comparison. U.S. Bancorp reported total net revenue of USD 7.71 billion for the second quarter of 2026, up 10.1 percent from the second quarter of 2025, while net income reached USD 2.18 billion, up 19.9 percent, according to Financial Report Insights . Diluted earnings per share rose to USD 1.35 from USD 1.11 a year earlier, a 21.6 percent increase. Net interest income grew 7.7 percent to USD 4.36 billion, and fee income increased 13.7 percent to USD 3.33 billion, giving the results support from both major revenue streams. The earnings mix matters for the analyst debate. Financial Report Insights said capital markets revenue increased 62.5 percent to USD 512 million in the second quarter, with the BTIG acquisition contributing to the comparison, while the efficiency ratio improved to 57.1 percent from 59.2 percent. Market data put U.S. Bancorp's market capitalization at USD 89.4 billion on October 1, 2026. The NYSE share last stood at USD 57.36 at 4:00 p.m. ET on that date, within a USD 45.02 to USD 66.08 52-week range...
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