US Bancorp

USB

市值 US$915億

I'm maintaining Buy on PNC Financial Services and Hold on U.S. Bancorp for new money after solid Q3 results from both. PNC repurchased ~$560M of stock in Q3. USB bought none because it is rebuilding its capital ratio as it prepares for stricter Category II rules. PNC's loan growth is mostly organic and its ROTCE rose, though loans are growing faster than deposits. USB's margin is widening but its BTIG acquisition has added little so far.

Bank earnings season is here, with major U.S. financial institutions like JPMorgan Chase NYSE: JPM and Goldman Sachs NYSE: GS offering mixed results for Q3 2026. JPMorgan posted an unusual miss to adjusted earnings per share (EPS), even while net revenue rose more than 8% year over year (YOY).

Capital markets fee revenue grew 69% year over year. The Amazon small business card added $1.7 billion in period-end loans.

U.S. Bancorp gets upgraded to a buy, reflecting strong Q3 earnings, robust credit ratings, and a favorable consensus outlook. USB delivered record Q3 net revenue, with 5.6% YoY net interest income growth, 14.9% fee growth, and 8% YoY average loan growth. ROE and operating margin trends outpace peers, while a diversified loan book and physical branch network support resilience and brand strength.

U.S. Bancorp (NYSE:USB) on Thursday reported upbeat third-quarter 2026 earnings, while revenue fell slightly short of Wall Street estimates.

U.S. Bancorp (NYSE:USB) stock is trading higher on Friday as D.A. Davidson maintained its bullish outlook on the bank, citing strong revenue growth, improving profitability and solid credit quality.

U.S. Bancorp delivered better-than-expected Q3 earnings, driven by strong fee-based growth and robust commercial loan demand. USB achieved 10% year-over-year earnings growth and more than 5% net interest income growth, underpinned by expanding its commercial loan portfolio. Shares are valued attractively at 1.47x book value, with upside risk skewed due to a favorable rate environment and resilient fundamentals.

U.S. Bancorp's consumers continued to spend during the third quarter, even as the bank carried more card balances and saw an increase in early-stage card delinquencies. “Spend levels are high, employment is strong,” Chief Financial Officer John Stern told analysts during a Thursday (Oct.

USB's Q3'26 earnings beat estimates on higher net interest income, fee growth and loan expansion, despite rising expenses and credit loss provisions.

U.S. Bancorp NYSE: USB reported record third-quarter net revenue of approximately $8 billion and diluted earnings per share of $1.34, representing year-over-year growth of about 10%, as fee income growth, higher net interest income and positive operating leverage supported results.