Analyst David Chiaverini from Jefferies maintained a Hold rating on US Bancorp and increased the price target to $60.00 from $55.00.
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David Chiaverini has given his Hold rating due to a combination of factors related to U.S. Bancorp’s earnings performance and outlook. The bank posted stronger-than-expected core EPS and pre-provision net revenue, and management reiterated a path to expand net interest margin toward 3.00% by 2027, supported by balance sheet optimization and mix improvements, including the planned Amazon small-business card conversion.
At the same time, the near-term guidance for net interest income came in softer than investors had hoped, leaving the forward revenue and PPNR trajectory only slightly below consensus. While capital levels and prospective Basel III Endgame outcomes support attractive capital returns and highlight a solid return profile with diversified businesses, the bank’s margin remains below peers, leading Chiaverini to view the risk‑reward as balanced rather than compellingly positive.
Chiaverini covers the Financial sector, focusing on stocks such as JPMorgan Chase, US Bancorp, and Bank of America. According to TipRanks, Chiaverini has an average return of -1.8% and a 48.57% success rate on recommended stocks.
In another report released on April 7, UBS also assigned a Hold rating to the stock with a $58.00 price target.