US Bancorp‘s (NYSE:USB) fourth-quarter revenues, expenses, credit and earnings were better than expected.
The US Bancorp Analyst: Goldman Sachs analyst Richard Ramsden reaffirmed a Neutral rating and a $54 price target.
UB Bancorp, which does business as U.S. Bank, provided “largely in-line” guidance for 2026, Ramsden said.
The US Bancorp Thesis: The company reported earnings of $1.26 per share and core earnings of $1.28 per share, beating consensus of $1.23 per share, with core PPNR (pre-provision net revenue) 2% higher than estimates, driven by around 0.5% higher …