U.S. Bancorp (USB)
Pairs deposit-funded banking with card issuing, merchant acquiring, wealth and institutional services.
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Provides consumer, business, commercial and institutional banking alongside wealth services, card issuing and merchant acquiring, earning lending spreads and transaction or advisory fees. Its Midwest-and-West branch base is paired with nationwide payments and institutional capabilities, now expanded by BTIG.
Combines deposit-funded lending with payments, wealth, trust and capital markets services through U.S. Bank National Association. Its client-facing segments are Wealth, Corporate, Commercial and Institutional Banking; Consumer and Business Banking; and Payment Services. Shared client relationships generate lending spreads and fees from cards, merchant acquiring through Elavon, treasury management, asset servicing and wealth services.
Branch banking remains concentrated in the Midwest and West, while payments and institutional services reach national and international clients. BTIG adds institutional trading, investment banking, research and prime brokerage to the capital markets platform. Earnings depend on deposit costs, interest rates, credit quality and payment activity. The holding company and national bank operate under Federal Reserve, OCC, FDIC and CFPB capital, liquidity and consumer-protection rules.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 24, 2026 | RBC Capital | Reiterate | Rating: —Target: $61 | Target: $68 |
| Jul 20, 2026 | Evercore ISI | Upgrade | Target: $65 | Target: $72 |
| Jul 20, 2026 | BTIG | Target | Target: — | Target: $67.50 |
| Jul 20, 2026 | CLSA | Target | Target: — | Target: $67.50 |
| Jul 20, 2026 | Evercore ISI Group | Upgrade |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $66.49B · Total debt $96.01B · Total assets $725.92B · Shareholders' equity $67.43B
- Revenue
- $10.92B
- Operating income
- $2.72B
- Net income
- $2.18B
HistoryDividendAnnual yieldUpcoming
| Institutions | 82.35% | 1.28B shares | |
|---|---|---|---|
| 2,140 holders · as of Jun 30, 2026 | |||
| Insiders | 0.22% | 3.38M shares | |
| 16 holders · as of Aug 31, 2026 | |||
| Other | 17.43% | 271.67M shares | |
| remainder | |||
1.56B company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 8.16% | 127.14M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 6.50% | 101.30M | as of Jun 30, 2026 |
State Street CorpInstitution | 4.69% | 73.14M | as of Jun 30, 2026 |
JPMorgan Chase & CoInstitution | 3.83% | 59.69M | as of Jun 30, 2026 |
FMR LLCInstitution | 3.29% | 51.28M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 28, 2026 | Gunjan Kedia | director, officer: President & CEO | −27,267 | $62.37 |
| Jul 23, 2026 | James L. Chosy | officer: Senior EVP and General Counsel | −22,968 | $63.28 |
| Jul 20, 2026 | Stephen L. Philipson | officer: Vice Chair | −36,906 | $63.08 |
| May 5, 2026 | Venkatachari Dilip | officer: SEVP & Chief Info & Tech Off | −34,522 | $55.52 |
| Apr 21, 2026 | Jodi L. Richard | officer: Vice Chair | −40,000 | $57.00 |
- JPMorgan Chase
Largest U.S. bank; top rival in commercial banking, payments, and wealth.
- Wells Fargo
3rd-largest U.S. bank; rival in deposits, commercial, and merchant services.
- Bank of America
2nd-largest U.S. bank; rival across consumer, commercial, wealth, and cards.
- PNC Financial Services Group
Closest super-regional peer in C&I lending, treasury management, and asset size.
- Truist Financial
6th-largest U.S. bank; competes in consumer, commercial, and payments.
- Fifth Third
Midwest super-regional; rival in commercial payments and consumer deposits.
- Global Payments
Pure-play global merchant acquirer; rivals Elavon in acquiring post-Worldpay.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| U.S. Bancorp | $59.66 | −1.29% | $94.15B | 12.1 | 11.0 | 2.2 | +10.6% |
| JPMorgan Chase | $340.48 | −3.28% | $943.29B | 15.2 | 14.1 | 3.2 | +27.8% |
| Wells Fargo | $84.03 | −2.90% | $261.71B | 12.5 | 11.2 | 2.0 | +8.6% |
| Bank of America | $56.80 | −2.00% | $411.32B | 13.4 | 11.6 | 2.1 | +19.3% |
| PNC Financial Services Group | $229.64 | −1.55% | $93.07B | 12.8 | 11.3 | 2.6 | +21.4% |
| Truist Financial | $48.50 | −1.02% | $61.05B | 11.6 | 10.3 | 2.0 | +6.5% |
| Fifth Third | $53.19 | −0.23% | $48.32B | 18.2 | 12.3 | 3.2 | +45.2% |
| Global Payments | $84.50 | −0.93% | $21.17B | — | 5.8 | 2.1 | +61.5% |
| Median | 13.1 | 11.3 | 2.1 | +21.4% |