U.S. Bancorp (USB) Stock Price & Analysis
U.S. Bancorp (USB) closed at USD 60.02 on Thursday, October 22, 2026, up 1.64% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 59.05; the Oct 22, 2026 session ranged USD 58.65–60.03 on volume of 7,241,428 shares. Market capitalization is $93.51B, with a 52-week range of USD 45.02–66.08 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 08:42 UTC.
Also available as compact Markdown for AI agents: nexqual.com/USB.md
Key facts (USB)
- Last four reported quarters (through Jun 30, 2026): revenue $29.7B, net income $8.17B (27.5% margin) (SEC filings).
- Valuation: P/E 11.4x (avg 11.7x at the last 3 fiscal year-ends).
- 6 of 80 tracked superinvestors hold USB (13F, Q2 2026 (1 investor on Q3 2026, filed early)): 0 new, 1 added, 5 reduced, 0 unchanged.
- Insider open-market sales, last ~7 months: 5 Form 4 filings, $9.7M; 5 not under a Rule 10b5-1 plan ($9.7M); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Buy (mean 2.21 on a 1–5 scale) (24 analysts), mean target USD 68.27 (range 61–75).
- Total return with dividends: 1Y +30.3% vs S&P 500 +14.9%; 5Y +19.2% vs S&P 500 +80.3%.
- Next earnings: 2026-10-15, EPS estimate USD 1.41, revenue estimate $8.09B.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (USB)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $22.7B | $24.3B | $28.1B | $27.5B | $28.7B | $29.7B |
| Net income | $7.96B | $5.83B | $5.43B | $6.30B | $7.57B | $8.17B |
| EPS (diluted) | $5.10 | $3.69 | $3.27 | $3.79 | $4.62 | — |
| Net margin | 35.0% | 24.0% | 19.3% | 22.9% | 26.4% | 27.5% |
| Revenue growth | -2.2% | +7.0% | +15.8% | -2.4% | +4.4% | — |
| Cash + short-term investments | $28.9B | $53.5B | $61.2B | $56.5B | $46.9B | — |
| Total debt | $43.9B | $71.0B | $51.5B | $58.0B | $60.8B | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (USB)
P/E 11.4x · P/S 3.1x · P/B 1.4x · Earnings yield 8.73% · Dividend yield (paid, TTM) 3.45% · Buyback yield (TTM) 0.75%
P/E at fiscal year-ends: Dec 2025 11.0x, Dec 2024 11.9x, Dec 2023 12.3x.
Superinvestors (SEC 13F-HR, Q2 2026) (USB)
6 of 80 tracked investors hold USB (1 investor on Q3 2026, filed early). Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change | Quarter |
|---|---|---|---|---|---|
| Christopher Davis | Davis Advisors | 5.56% | $1.30B | Reduced -3.5% | Q2 2026 |
| David Katz | Matrix Asset Advisors | 3.17% | $38.5M | Reduced -5.0% | Q3 2026 |
| Hillman Capital | Hillman Capital Management | 1.80% | $2.5M | Reduced -21.5% | Q2 2026 |
| First Eagle Investment | First Eagle Investment Management | 0.92% | $551M | Added +1.2% | Q2 2026 |
| Tweedy Browne | 0.83% | $11.0M | Reduced -1.3% | Q2 2026 | |
| Mairs & Power | Mairs & Power Funds | 0.31% | $33.9M | Reduced -6.7% | Q2 2026 |
Insider sales (SEC Form 4, open-market, last ~7 months) (USB)
0 of 5 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-08-28 | Kedia Gunjan | President & CEO | 27,267 | $1.7M | 6% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-07-23 | Chosy James L | Senior EVP and General Counsel | 22,968 | $1.5M | 8.3% | No | Too little history (no open-market trades in 2023) |
| 2026-07-20 | Philipson Stephen L | Vice Chair | 36,906 | $2.3M | 32.8% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-05-05 | Dilip Venkatachari | SEVP & Chief Info & Tech Off | 34,522 | $1.9M | 40.2% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-04-21 | Richard Jodi L | Vice Chair | 40,000 | $2.3M | 16.2% | No | Too little history (no open-market trades in 2023) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Analysts (USB)
Consensus Buy (mean 2.21 on a 1–5 scale), 24 analysts; mean target USD 68.27 (low 61, high 75).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-16 | Citigroup | Target lowered | Buy | $72 → $70 |
| 2026-10-16 | DA Davidson | Maintained | Buy | $73 |
| 2026-10-16 | Oppenheimer | Target raised | Outperform | $72 → $73 |
| 2026-10-16 | RBC Capital | Target lowered | Outperform | $68 → $65 |
| 2026-10-16 | Evercore ISI Group | Target raised | Outperform | $65 → $67 |
| 2026-10-06 | Raymond James | Target lowered | Strong Buy | $74 → $72 |
| 2026-10-05 | UBS | Target lowered | Neutral | $66 → $64 |
| 2026-10-02 | JP Morgan | Target lowered | Neutral | $69 → $65 |
| 2026-10-01 | Evercore ISI Group | Target lowered | Outperform | $72 → $65 |
| 2026-10-01 | Truist Securities | Target lowered | Buy | $69 → $67 |
| 2026-09-28 | HSBC | Target raised | Buy | $74 → $76 |
| 2026-08-24 | RBC Capital | Reiterated | Outperform | $68 |
Total return (dividends reinvested) (USB)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | +30.3% | +19.2% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +30.5% | +3.6% |
| Volatility (annualized) | 22.2% | 30.2% |
| Max drawdown | -16.2% (Feb 2026→Mar 2026) | -51.4% (Jan 2022→May 2023) |
USB revenue by business segment (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Wealth, Corporate, Commercial and Institutional Banking | $3.77B | 48.9% | +17.1% |
| Consumer and Business Banking | $2.37B | 30.8% | -0.1% |
| Payment Services | $1.81B | 23.5% | +5.7% |
| Total revenue | $7.71B | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
USB company outlook (results filed Oct 15, 2026)
- “The provision for credit losses increased 14.5 percent, reflecting the impact of the small business credit card portfolio purchase, partially offset by improvement in the economic outlook and favorable credit performance.”
- “The provision for credit losses increased 21.6 percent, reflecting the impact of the small business credit card portfolio purchase, partially offset by improvement in the economic outlook and favorable credit performance. 2 U.S.”
- “The increase on a year-over-year basis was primarily driven by the impact of recording the initial provision for credit losses of $135 million related to the purchase of a small business credit card portfolio in the third quarter of 2026, partially offset by improvement in the economic outlook and favorable credit performance.”
- “The provision for credit losses decreased compared with the third quarter of 2025 primarily due to improvement in the economic outlook.”
Quoted word-for-word from the SEC 8-K results press release.
USB analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Dec 2026) | $1.41 | $1.39 | +1.3% | $8.09B | 19 |
| Next quarter (ends Mar 2027) | $1.31 | $1.31 | +0.2% | $8.05B | 14 |
| Current fiscal year (ends Dec 2026) | $5.28 | $5.21 | +1.2% | $31.06B | 22 |
| Next fiscal year (ends Dec 2027) | $5.83 | $5.79 | +0.6% | $33.33B | 23 |
USB options: expected move
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Oct 30, 2026 | 7 | 23.1% | ±2.7% |
| Nov 6, 2026 | 14 | 22.5% | ±3.7% |
| Nov 13, 2026 | 21 | 24.4% | ±4.8% |
| Nov 20, 2026 | 28 | 22.8% | ±5.1% |
| Nov 27, 2026 | 35 | 26.6% | ±6.6% |
| Dec 4, 2026 | 42 | 21.3% | ±5.8% |
| Dec 18, 2026 | 56 | 23.0% | ±7.3% |
| Jan 15, 2027 | 84 | 22.7% | ±8.9% |
30-day implied volatility 22.6% vs 22.3% realized over the last 30 trading days. Put/call ratio (volume) 0.81. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 08:42 UTC)
| Price | USD 60.02 |
|---|---|
| Change | ▲ 1.64% (up) |
| Previous Close | USD 59.05 |
| Open | USD 58.72 |
| Day Range | USD 58.65 – 60.03 |
| 52-Week Range | USD 45.02 – 66.08 |
| Volume | 7,241,428 shares |
| Market Cap | $93.51B |
| Exchange | NYQ |
Technical Analysis (USB)
Nexqual's technical model rates USB "NEUTRAL" based on 3 bullish and 4 bearish signals across 127 daily candles, as of October 23, 2026 at 08:42 UTC.
| Overall Signal | NEUTRAL |
|---|---|
| RSI (14) | 54.75 (neutral) |
| vs SMA50 | Below (USD 60.4) |
| MACD | -0.36 (negative) |
Analyst Ratings (USB)
Wall Street analysts rate USB "Buy" based on 24 analysts, with a mean price target of USD 68.27 (range USD 61–75), per Nexqual as of October 23, 2026 at 08:42 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 24 |
| Mean Target | USD 68.27 |
| High Target | USD 75 |
| Low Target | USD 61 |
| Buy / Hold / Sell | 16 / 8 / 0 |
Earnings (USB)
| Next Earnings Date | 2026-10-15 |
|---|---|
| EPS Estimate | USD 1.4 |
| Revenue Estimate | $8.09B |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-09-30 | USD 1.34 vs est 1.32 ▲ beat |
| 2026-06-30 | USD 1.35 vs est 1.28 ▲ beat |
| 2026-03-31 | USD 1.18 vs est 1.14 ▲ beat |
| 2025-12-31 | USD 1.26 vs est 1.19 ▲ beat |
Source: Nexqual, October 23, 2026 at 08:42 UTC.
Financials & Fundamentals (USB)
| Total Revenue | $27.89B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +8.40% |
| Gross Margin | +0.00% |
| Operating Margin | +40.14% |
| Profit Margin | +30.01% |
| ROE | +12.84% |
| Total Cash | $49.52B |
| Total Debt | $73.04B |
Source: Nexqual, October 23, 2026 at 08:42 UTC.
Financial Health Score (USB)
Nexqual rates U.S. Bancorp's overall financial health "Mixed" across five dimensions, as of October 23, 2026 at 08:42 UTC.
| Growth | Mixed — Revenue +4.8% YoY (annual), slow |
|---|---|
| Profitability | Strong — Net margin 25% (last 12 months); banks have no gross margin |
| Balance Sheet | N/A — Not comparable for banks: deposits and customer funds sit on the balance sheet, so cash vs debt does not measure safety (SEC industry: National Commercial Banks) |
| Cash Flow | N/A — Not meaningful for banks and lenders: lending and trading move operating cash flow by billions each year (SEC industry: National Commercial Banks) |
| Efficiency | Mixed — ROE 13%, ROA 1.2% |
Ownership (USB)
| Insider Ownership | +0.12% |
|---|---|
| Institutional Ownership | +84.57% |
| Shares Outstanding | 1.56B |
| Float | 1.55B |
| Short % of Float | +1.67% |
Source: Nexqual, October 23, 2026 at 08:42 UTC.
Leadership (USB)
U.S. Bancorp is led by Gunjan Kedia, President, CEO & Chairman, per Nexqual as of October 23, 2026 at 08:42 UTC.
| President, CEO & Chairman | Gunjan Kedia |
|---|---|
| Vice Chair & Chief Financial Officer | John C. Stern |
Major Backers & Investors (USB)
Notable institutional backers of U.S. Bancorp include JPMorgan, FMR, LLC, MUFG Bank Ltd, according to Nexqual as of October 23, 2026 at 08:42 UTC.
Active Investors
| Investor | Stake |
|---|---|
| JPMorgan | 3.83% |
| FMR, LLC | 3.29% |
| MUFG Bank Ltd | 2.85% |
| Morgan Stanley | 1.96% |
| Fidelity | 1.83% |
| Price (T.Rowe) Associates Inc | 1.61% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| Vanguard Group | 8.43% |
| BlackRock | 8.16% |
| State Street | 4.69% |
| Geode Capital | 2.52% |
Source: Nexqual, October 23, 2026 at 08:42 UTC.
From U.S. Bancorp's Latest SEC 10-K Filing (filed 2026-02-23)
Partnerships
- In January 2026, the Company announced that it entered into a definitive agreement to acquire BTIG for a purchase price of up to $1 billion, consisting of a targeted amount of $725 million ($362.5 million of cash and 6,600,594 shares of the Company's common stock) to be paid at closing and up to an additional $275 million of cash consideration payable over three years, subject to achievement of defined performance targets.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| PNC | PNC Financial Services Group, I | USD 225.53 | ▲ 1.18% |
| IBN | ICICI Bank Limited | USD 29.94 | ▲ 1.35% |
| ITUB | Itau Unibanco Banco Holding SA | USD 9.49 | ▼ 2.16% |
| LYG | Lloyds Banking Group Plc | USD 5.38 | ▼ 2% |
| NU | Nu Holdings Ltd. | USD 14.73 | ▼ 2.13% |
| HDB | HDFC Bank Limited | USD 22.44 | ▼ 1.01% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 08:42 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt