Street View: US Bancorp shows potential for growth with focus on expense management

US Bancorp

17/04/2025 11:27

**U.S. Bancorp USB.N reported a rise in its Q1profit on Wednesday, helped by higher trust and investment management fees

** Average recommendation of 23 brokerages is "buy", median PT is $50- data compiled by LSEG

CAUTIOUSLY OPTIMISTIC

** Barclays ("overweight," PT: $56) says the bank is concentrating on managing expenses wisely and improving efficiency, and is focused on achieving positive operating leverage in 2025

** J.P. Morgan ("underweight," PT: $43.5) says USB earns more than its peers on credit cards due to high yields and is effectively growing capital markets fees

** Piper Sandler ("overweight," PT: $48) says co is in "show-me" mode with its fee progression

** "We are hopeful that the tides are finally turning USB’s way", adds Piper

** Morningstar (fair value: $53) says payment services are crucial for USB because they don't require many assets and allows the co to offer other products to payment clients

(Reporting by Akriti Shah in Bengaluru)

((akriti.shah@thomsonreuters.com))