Oppenheimer lowered the firm’s price target on U.S. Bancorp to $54 from $55 and keeps an Outperform rating on the shares following quarterly results, which were viewed as “a somewhat disappointing but not a calamitous report.” The firm shares the frustration as it feels every quarter things are slightly on the adverse side of expectations and that adverse news is being dribbled out on the installment plan.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on USB:
- Options Volatility and Implied Earnings Moves Today, April 17, 2024
- US Bancorp Q1 Financial Performance Review and Outlook
- U.S. Bancorp cuts FY24 NII view to $16.1B-$16.4B from $16.6B
- U.S. Bancorp sees Q2 NII relatively stable vs. Q1
- U.S. Bancorp reports Q1 net interest margin 2.70% vs. 3.10% last year
