U.S. Bancorp acquisition of BTIG ‘modest positive,’ says Keefe Bruyette

Keefe Bruyette views U.S. Bancorp’s (USB) acquisition of BTIG as a “modest positive given the area as a growth focus.” Keefe has a Market Perform rating on U.S. Bancorp with a $58 price target U.S. Bancorp continues to fill out its in-house capital markets offerings, which has been a focus as management seeks to meet the rising demand seen in the industry, the analyst tells investors in a research note.