USB

U.S. Bancorp

$63.01

+0.17%
Jul 31, 2026
Bobby Quantitative Model
U.S. Bancorp is a diversified financial services company and one of the largest regional banks in the United States, offering a comprehensive suite of products including retail and commercial banking, credit cards, mortgages, payment services, trust, wealth management, and capital market services across 26 states. With approximately $700 billion in assets, it holds a strong competitive position as a top-tier super-regional bank, distinguished by its stable deposit base and fee-based revenue streams. The current investor narrative centers on the bank's ability to sustain growth amid a shifting interest rate environment, with recent analyst actions reflecting both optimism about its earnings momentum and caution about valuation levels as the stock trades near its 52-week high. The bank's consistent profitability and capital returns, including a 4.2% dividend yield, continue to attract income-focused investors, while debates about net interest margin sustainability and potential credit normalization remain key discussion points.

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USB 12-Month Price Forecast

Historical Price
Current Price $63.01
Average Target $63.01
High Target $72.46
Low Target $53.56

Wall Street consensus

Most Wall Street analysts maintain a constructive view on U.S. Bancorp's 12-month outlook, with a consensus price target around $70.32 and implied upside of +11.6% versus the current price.

Average Target

$70.32

0 analysts

Implied Upside

+11.6%

vs. current price

Analyst Count

covering this stock

Price Range

$65 - $77

Analyst target range

U.S. Bancorp has coverage from 22 analysts, with a consensus recommendation of 'Buy' and a mean recommendation score of 1.86 (where 1 is Strong Buy and 5 is Sell). The average target price is $70.32, implying an upside of 11.6% from the current price of $63.01. The distribution of ratings is bullish, with no Sell ratings and a majority of Buy or Overweight ratings, though a few analysts remain cautious, such as JP Morgan's Underweight stance. The high target of $77.00 suggests potential upside of 22.2%, while the low target of $65.00 implies only 3.2% upside, indicating a relatively narrow range that reflects moderate conviction in the stock's continued appreciation. Recent rating actions show a mix of upgrades and reiterations, with Jefferies upgrading from Hold to Buy on July 6, 2026, while UBS and Evercore maintained Neutral/In Line ratings, and JP Morgan maintained Underweight, highlighting some divergence in sentiment.

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USB Technical Analysis

U.S. Bancorp's stock is in a strong uptrend, with a 1-year price change of +40.1%, significantly outperforming the S&P 500's +18.2% over the same period. The current price of $63.01 sits at 97.2% of its 52-week range (low of $43.46, high of $64.84), indicating the stock is trading near its highs, which reflects robust momentum but also suggests limited upside in the near term without a breakout. The stock's beta of 0.979 indicates volatility roughly in line with the broader market, making its trend particularly notable as it has outpaced the market with similar risk. The 52-week low of $43.46 was set in the past year, and the stock has rallied over 45% from that level, demonstrating a clear recovery from earlier lows.

Beta

0.98

0.98x market volatility

Max Drawdown

-16.2%

Largest decline past year

52-Week Range

$44-$65

Price range past year

Annual Return

+40.1%

Cumulative gain past year

PeriodUSB ReturnS&P 500
1m+1.7%+0.3%
3m+11.9%+4.0%
6m+12.3%+8.3%
1y+40.1%+20.2%
ytd+16.8%+9.6%

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USB Fundamental Analysis

U.S. Bancorp's revenue trajectory shows steady growth, with the most recent quarter (Q1 2026) reporting revenue of $10.835 billion, up 4.7% year-over-year, and a sequential increase from $10.528 billion in Q2 2025. Over the past four quarters, revenue has grown from $10.528 billion to $10.835 billion, reflecting a consistent upward trend, though growth has been moderate. The company's revenue segments show a diversified mix, with Payment Services contributing $2.4 billion, Consumer and Small Business Banking $2.325 billion, and Wealth Management and Investment Services $3.482 billion, indicating strength across multiple business lines. This steady growth is supported by a solid net interest income base, though the pace is modest compared to faster-growing fintech peers.

Quarterly Revenue

$10.8B

2026-03

Revenue YoY Growth

+4.7%

YoY Comparison

Gross Margin

61.7%

Latest Quarter

Free Cash Flow

$9.6B

Last 12 Months

Revenue & Net Income Trends (2 Years)

Revenue Breakdown

Payment Services
Consumer And Small Business Banking
Wealth Management And Investment Services

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Valuation Analysis: Is USB Overvalued?

Given that U.S. Bancorp is profitable with a trailing net income of $1.945 billion, the price-to-earnings (PE) ratio is the most appropriate valuation metric. The trailing PE stands at 11.55x, while the forward PE is 10.90x, indicating that the market expects earnings growth of approximately 6% over the next year, which is consistent with the company's historical growth trajectory. The stock's PEG ratio of 0.53 suggests that the current PE is low relative to its expected earnings growth, implying the stock may be undervalued on a growth-adjusted basis. Compared to the industry average PE of 15x (based on available data), U.S. Bancorp trades at a 23% discount, which is notable given its strong profitability and market position.

PE

11.5x

Latest Quarter

vs. Historical

Mid-Range

5-Year PE Range 9x~14x

vs. Industry Avg

N/A

Industry PE ~N/A*

EV/EBITDA

11.1x

Enterprise Value Multiple