New insider activity at US Bancorp ( (USB) ) has taken place on February 6, 2025.
In recent financial moves, key executives at US Bancorp have offloaded significant shares of their stock. Director Andrew Cecere led the transactions by selling 102,044 shares, generating $4,821,579. Meanwhile, EVP and Controller Lisa R Stark divested 3,209 shares for $151,143. Additionally, Vice Chair Terrance Dolan sold 66,317 shares, bringing in $3,113,583. These sales highlight a notable reshuffle of stock holdings among US Bancorp’s top management.
Recent Updates on USB stock
In the past 24 hours, U.S. Bancorp announced changes in its leadership, with Shailesh M. Kotwal set to retire in 2025 and President Gunjan Kedia scheduled to become CEO in April 2025. The company’s recent earnings call highlighted strong revenue growth, effective capital management, and improvements in operational efficiency, although concerns about expense items, challenges in merchant acquiring, and uncertain loan growth were noted. The appointment of Kedia as CEO came sooner than some investors expected, sparking interest in her upcoming plans for the company. Despite these developments, market responses remain cautious, with analysts noting a neutral stance on the stock, reflecting a balanced view of the company’s current strengths and emerging challenges.
More about US Bancorp
YTD Price Performance: -0.86%
Average Trading Volume: 8,343,471
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $74.02B