U.S. Bancorp Reports First Quarter 2016 Earnings
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Piper Jaffray Remains Bullish on U.S. Bancorp (USB) Following 1Q Earnings - PT to $49
April 21, 2016 9:17 AM EDTPiper Jaffray reiterated an Overweight rating on U.S. Bancorp (NYSE: USB), and raised the price target to $49.00 (from $48.00), following the company's 1Q earnings report. Piper Jaffray increased 2017 EPS estimates to $3.55 from $3.49 primarily due to an increase in net interest income to $12,230M from $12,044M despite a... More
Compass Point Cuts Price Target on U.S. Bancorp (USB) Following In-Line 1Q EPS
April 21, 2016 7:18 AM EDTCompass Point maintained a Neutral rating on U.S. Bancorp (NYSE: USB), and cut the price target to $46.00 (from $48.00), following the company's 1Q earnings release. USB reported in-line operating EPS of $0.76. Despite a jump in provision expense to $330M from an already elevated $305M in 4Q, USB guided to a flat Q/Q provision in 2Q16. The bank also noted that marketing expense would increase $20-$25M beginning in 2Q.... More
Baird Downgrades U.S. Bancorp (USB) to Neutral
April 21, 2016 7:16 AM EDTBaird downgraded U.S. Bancorp (NYSE: USB) from Outperform to Neutral with a price target of $42.00 (from $45.00).
For an analyst ratings summary and ratings history on U.S. Bancorp click here. For more ratings news on U.S. Bancorp click here.
Shares of U.S. Bancorp closed at $42.73 yesterday.
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