U.S. Bancorp (NYSE: USB) is a leading financial services company in the United States, offering a comprehensive suite of banking, investment, mortgage, and payment services. As of October 20, 2025, Cowen & Co. maintained its "Buy" rating for USB, with the stock priced at $46.33. TD Cowen also raised the price target from $59 to $60, as highlighted by TheFly.
U.S. Bancorp's recent third-quarter earnings report exceeded expectations, showcasing the company's strong financial performance. The bank reported an adjusted earnings per share of $1.22, surpassing the analyst consensus estimate of $1.13. This positive earnings surprise reflects the company's effective strategies and solid execution.
The bank's quarterly sales reached $7.3 billion, outpacing the anticipated $7.16 billion. U.S. Bancorp's net income of $2 billion marked a 16.7% increase from the previous year. CEO Gunjan Kedia attributed this success to growth in net interest income, margin expansion, and strong performance across fee businesses, alongside prudent expense management.
Looking ahead, U.S. Bancorp expects net interest income to remain stable in the fourth quarter. The company projects total fee revenue to reach $3 billion and anticipates a rise in total noninterest expenses by 1% to 5% compared to the third quarter of 2025. These projections indicate the company's confidence in its continued growth and operational efficiency.
The stock for USB is currently priced at $46.33, reflecting an increase of 1.40% or $0.64. During the day, the stock fluctuated between a low of $45.92 and a high of $46.43. Over the past year, USB has reached a high of $53.98 and a low of $35.18. The company's market capitalization stands at approximately $72.1 billion, with a trading volume of 1,085,236 shares on the NYSE.
