US Bancorp Shares Rally As Analysts Get Bullish After Q2 Report
Key Points US Bancorp shares climbed 6.46% after Q2 earnings report, with the key catalyst for buying spree being a successful capital ratio raise.Raymond James, Goldman Sachs, and Wedbush upgrade ratings or raise price targets.US Bancorp is categorized as a super-regional bank; the company has diversified revenue streams from various business lines.Wall Street expects 2% earnings decline in 2023, followed by growth in 2024, but investors are focused on capital build, not just earnings growth.5 stocks we like better than US BancorpFind A Qualified Financial Advisor Each advisor has been vetted...