New insider activity at US Bancorp ( (USB) ) has taken place on March 11, 2025.
Senior Executive Vice President Arijit Roy has recently sold 2,237 shares of US Bancorp stock, amounting to a total transaction value of $97,689.
Recent Updates on USB stock
In the last 24 hours, U.S. Bancorp experienced a price target reduction from $57 to $50 by BofA analyst Ebrahim Poonawala. This adjustment is part of a broader trend where the firm lowered price targets across its banking coverage by an average of 6%, driven by deteriorating growth prospects and rising capital costs. The analyst highlighted concerns over a potential recession or ‘recession scare,’ exacerbated by ongoing selloffs in equity markets, which contribute to a ‘negative wealth effect.’ Despite these challenges, BofA does not anticipate an outright recession as its base case. The firm suggests that if the U.S. economy’s adjustment period results in stronger growth, there may be opportunities to increase exposure to top-tier banking franchises.
More about US Bancorp
YTD Price Performance: -6.56%
Average Trading Volume: 8,766,855
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $69.67B
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