Jefferies & Co upgraded U.S. Bancorp (NYSE:USB) from Hold to Buy in a statement released today.
- Updated: November 28, 2016
Just yesterday U.S. Bancorp (NYSE:USB) traded -0.45% lower at $49.14. U.S. Bancorp’s 50-day moving average is $45.49 and its two hundred day average is $43.03. With the last close up 14.33% relative to the two hundred day average, compared with the S&P 500 Index which has decreased -0.03% over the same period. Volume of trade was down over the average, with 2,750,162 shares of USB changing hands under the typical 7,616,580
Jefferies & Co has upgraded U.S. Bancorp (NYSE:USB) from Hold to Buy in a report released on 11/28/2016.
With a total market value of $0, U.S. Bancorp has PE ratio of 15.57 with a one year low of $37.07 and a one year high of $49.57 .
A total of 27 brokerages have issued a ratings update on U.S. Bancorp. Four brokerages 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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