Goldman Sachs Maintains Neutral on U.S. Bancorp, Raises Price Target to $47
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 18 2024
0mins
Should l Buy USB?
Source: Benzinga
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Analyst Views on USB
Wall Street analysts forecast USB stock price to rise
20 Analyst Rating
12 Buy
7 Hold
1 Sell
Moderate Buy
Current: 57.830
Low
50.00
Averages
58.87
High
75.00
Current: 57.830
Low
50.00
Averages
58.87
High
75.00
About USB
U.S. Bancorp is a financial services holding company. Its segments are Wealth, Corporate, Commercial and Institutional Banking, Consumer and Business Banking, Payment Services, and Treasury and Corporate Support. It provides a full range of financial services, including lending and depository services, cash management, capital markets, and trust and investment management services. It also engages in credit card services, merchant and ATM processing, mortgage banking, insurance, brokerage and leasing. Its banking subsidiary, U.S. Bank National Association (USBNA), is engaged in the banking business, principally in domestic markets. USBNA provides a range of products and services to individuals, businesses, institutional organizations, governmental entities and other financial institutions. Its non-banking subsidiaries offer investment and insurance products to its customers principally within its domestic markets, and fund administration services to a range of mutual and other funds.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Additional Protection Features: Cardholders benefit from purchase security and extended warranty protections, ensuring coverage against theft or damage, which further boosts small business owners' confidence in their purchasing decisions.
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- Succession Planning: The company has a robust succession plan in place to ensure a smooth leadership transition following Badran's retirement, maintaining continuity and stability in operations.
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- Market Position Reinforcement: The rebranding emphasizes Elavon's leadership in global payment solutions while enhancing its recognition as a top payment partner through a simplified and smarter brand image.
- Customer Experience Optimization: The new brand identity aims to provide seamless transaction experiences and robust payment system integration, allowing customers to focus on business growth, thus enhancing customer satisfaction and loyalty.
- Support for Digital Transformation: Elavon's brand upgrade complements its efforts in digital innovation and customer service, further solidifying its position in the highly competitive financial services industry and demonstrating its commitment to future payment solutions.
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- Expense Management Platform: The card includes the Spend Management platform, enabling businesses to reduce costs and manual work through integrated accounting and intuitive receipt capture, thereby improving operational efficiency in a competitive market.
- No Annual Fee Advantage: With no annual fee, the Business Shield Visa Card, combined with its industry-leading APR and suite of benefits, positions itself as an ideal solution for both new and seasoned business owners facing unforeseen financial challenges, further solidifying U.S. Bank's leadership in the small business sector.
- Company Background: U.S. Bancorp, the parent company of U.S. Bank, employs approximately 70,000 people and has $692 billion in assets, committed to serving global customers through a diversified business mix, recently recognized as one of the most admired banks for small business owners, highlighting its strengths in digital innovation and customer service.
See More
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- Credit Card Benefits: The newly launched Business Shield™ Visa® Card from U.S. Bank offers small business owners an industry-leading 0% introductory APR for 18 billing cycles, helping them manage financial fluctuations without incurring annual fees, significantly reducing their financial burden.
- Spend Management Platform: The card includes access to a Spend Management platform that enables businesses to drive down costs and save time through robust card controls, integrated accounting, and intuitive receipt capture, thereby enhancing operational efficiency and financial transparency.
- Additional Protection Features: Cardholders benefit from purchase security and extended warranty protections, ensuring coverage against theft or damage, which further boosts small business owners' confidence in their purchasing decisions.
- Rewards Program: Users earn 5% cash back on air, hotel, and car reservations booked directly through the Travel Center, and receive a $50 annual statement credit after spending $5,000, enhancing customer value and loyalty.
See More
U.S. BANK BUSINESS SHIELD™ VISA® CARD INTRODUCES 0% APR FOR UP TO 18 BILLING CYCLES
- Card Offer Details: U.S. Bank is promoting its Business Shield Visa® card, which features an introductory 0% APR for up to 18 billing cycles.
- Target Audience: The card is designed for businesses looking to manage expenses and cash flow effectively.
See More
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- Executive Retirement: U.S. Bancorp announced that COO Souheil Badran will retire this spring, having significantly enhanced shareholder value by improving client experience and driving operational efficiency during his tenure.
- Leadership Transition: Since joining in late 2022, Badran has played a key role in shaping the company's operational strategy and will assist in the leadership transition to ensure a smooth succession process.
- Diverse Experience: With a background in payments, software, and wealth management, Badran's leadership has facilitated the introduction of automation and artificial intelligence in contact centers, enhancing service efficiency.
- Company Scale: As of December 31, 2025, U.S. Bancorp boasts approximately 70,000 employees and $692 billion in assets, committed to serving global customers through a diversified mix of businesses.
See More
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- Executive Retirement: U.S. Bancorp announced that Senior Executive Vice President and COO Souheil Badran will retire in April, marking a significant change in the company's operational leadership that may impact future strategic directions.
- Leadership Contributions: Since joining in late 2022, Badran has actively driven the implementation of automation and AI in customer service centers, enhancing client experience and operational efficiency, thereby creating value for shareholders.
- Succession Planning: The company has a robust succession plan in place to ensure a smooth leadership transition following Badran's retirement, maintaining continuity and stability in operations.
- Company Background: U.S. Bancorp, with approximately 70,000 employees and $692 billion in assets, is committed to serving global customers through a diversified business mix and has recently been recognized as one of Fortune's most admired superregional banks.
See More
