A statement released earlier today by Wedbush about U.S. Bancorp (NYSE:USB) bumps the target price to $46.00
- Updated: October 6, 2016
Wedbush bumped up the target of U.S. Bancorp (NYSE:USB) to $46.00 stating a potential upside of 0.05%.
Boasting a price of $43.89, U.S. Bancorp (NYSE:USB) traded 0.55% higher on the day. With the last stock price close up 4.48% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. U.S. Bancorp has recorded a 50-day average of $43.29 and a two hundred day average of $42.01. Volume of trade was up over the average, with 12,170,019 shares of USB changing hands over the typical 6,212,320
With a total market value of $0, U.S. Bancorp has price-earnings ratio of 13.76 with a one year low of $37.07 and a one year high of $44.58 .
A total of 27 equity analysts have released a ratings update on USB. Four equity analysts rating the company a strong buy, ten equity analysts rating the company a buy, eighteen equity analysts rating the company a hold, one equity analyst rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $45.63.
Brief Synopsis About U.S. Bancorp (NYSE:USB)
U.S. Bancorp is a multi-state financial services holding company. The Company's banking subsidiary, U.S. Bank National Association, is engaged in the general banking business in domestic markets. It provides a range of financial services, including lending and depository services, cash management, capital markets, and trust and investment management services. It also engages in credit card services, merchant and automated teller machines (ATMs) processing, mortgage banking, insurance, brokerage and leasing. U.S. Bank National Association provides a range of products and services to individuals, businesses, institutional organizations, governmental entities and other financial institutions. Its lending services include traditional credit products, as well as credit card services, leasing financing and import/export trade, asset-backed lending and agricultural finance. Its depository services include checking accounts, savings accounts and time certificate contracts.
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