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U.S. Bancorp announces chairman transition and leadership change

Story Highlights
  • U.S. Bancorp’s longtime executive chairman Andy Cecere will retire and leave the board following the April 21, 2026 annual meeting after more than 40 years of service.
  • CEO and president Gunjan Kedia will become chairman after the 2026 shareholders meeting, unifying leadership as U.S. Bancorp pursues continued growth and governance stability for stakeholders.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
U.S. Bancorp announces chairman transition and leadership change

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US Bancorp ( (USB) ) has shared an update.

On January 27–28, 2026, U.S. Bancorp announced a leadership transition in its Board of Directors, with long-time executive and current chairman Andy Cecere notifying the board that he will retire and not stand for re-election at the company’s 2026 annual meeting, culminating a more than 40-year career in financial services and at the bank. Effective immediately following the April 21, 2026 annual meeting, chief executive officer and president Gunjan Kedia will assume the additional role of chairman, consolidating top executive and board leadership as the company seeks to build on Cecere’s legacy of digital investment, scaled growth, and disciplined risk management; lead independent director Roland Hernandez will remain in his role, signaling continuity in governance for shareholders and other stakeholders.

The most recent analyst rating on (USB) stock is a Buy with a $65.00 price target. To see the full list of analyst forecasts on US Bancorp stock, see the USB Stock Forecast page.

Spark’s Take on USB Stock

According to Spark, TipRanks’ AI Analyst, USB is a Outperform.

The score is driven primarily by solid financial performance (strong margins and cash flow growth) and a constructive earnings outlook (4–6% 2026 revenue growth and 200+ bps positive operating leverage), supported by reasonable valuation (12.45 P/E and 3.75% yield). Technicals are positive longer-term but show mild near-term softness (below the 20-day average and low stochastics).

To see Spark’s full report on USB stock, click here.

More about US Bancorp

U.S. Bancorp, headquartered in Minneapolis, is the parent company of U.S. Bank National Association and operates as a major U.S. financial services provider. With approximately 70,000 employees and $692 billion in assets as of December 31, 2025, it serves millions of customers locally, nationally and globally through a diversified mix of consumer, business, commercial and institutional banking, along with payments and wealth management. The company has built a strong reputation for digital innovation, community partnerships and customer service, and is recognized as one of Fortune’s most admired superregional banks.

Average Trading Volume: 9,350,873

Technical Sentiment Signal: Buy

Current Market Cap: $86.78B

For detailed information about USB stock, go to TipRanks’ Stock Analysis page.

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