Do Wall Street Analysts Like U.S. Bancorp Stock?

Minneapolis, Minnesota-based U.S. Bancorp (USB) is a financial services holding company offering a range of financial services to people, businesses, institutional organizations, government agencies, and other financial institutions in the U.S. With a market cap of $68.5 billion, it operates over 2,000 branches in 26 states. 

Shares of this financial giant have underperformed the broader market over the past year. USB has gained 4.9% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 18.4%. In 2025, USB stock is down 7.1%, compared to the SPX’s 7.6% rise on a YTD basis. 

Narrowing the focus, USB’s underperformance is also apparent compared to the iShares U.S. Regional Banks ETF (IAT). The exchange-traded fund has gained about 10.9% over the past year. Moreover, the ETF’s 1.3% dip on a YTD basis outshines the stock’s losses over the same time frame.

USB’s underperformance stems from a decline in deposits and loans, driven by decreases across most business segments, with notable exceptions in marketing, technology, and operational expenses.

On Jul. 17, USB shares closed down more than 1% after reporting its Q2 results. Its EPS of $1.11 beat the consensus estimate of $1.07. The company’s total revenues were $7 billion, missing the consensus estimate by a slight margin. 

For the current fiscal year, ending in December, analysts expect USB’s EPS to grow 9.6% to $4.36 on a diluted basis. The company’s earnings surprise history is impressive. It beat the consensus estimate in each of the last four quarters.

Among the 24 analysts covering USB stock, the consensus is a “Moderate Buy.” That’s based on 11 “Strong Buy” ratings, two “Moderate Buys,” 10 “Holds,” and one recommends a “Strong Sell.”

This configuration is more bullish than a month ago, with 10 analysts suggesting a “Strong Buy,” and three recommending a “Moderate Buy.”

On Jul. 25, Steven Alexopoulos from TD Cowen maintained a “Buy” rating on USB with a price target of $59, implying a potential upside of 32.8% from current levels.

The mean price target of $53.38 represents a 20.2% premium to USB’s current price levels. The Street-high price target of $67 suggests an ambitious upside potential of 50.8%.