U.S. Bank Subsidiary Elavon Partners with Microsoft to Launch Payment App
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1d ago
0mins
Elavon, a wholly owned subsidiary of U.S. Bank (USB), is collaborating with Microsoft (MSFT) to introduce Elavon Live Payments, a payments app for Microsoft 365 offered through the Microsoft Marketplace. "Business professionals waste countless hours switching between multiple platforms to create invoices, send them to clients, and track payments," said Pari Sawant, global chief product officer at Elavon. "Elavon Live Payments solves this challenge by eliminating traditional payment collection barriers allowing business owners to integrate payment workflows directly into commonly used Microsoft 365 applications like Outlook or Teams in real time, which can reduce Days Sales Outstanding and foster business growth."
Analyst Views on USB
Wall Street analysts forecast USB stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for USB is 58.87 USD with a low forecast of 50.00 USD and a high forecast of 75.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
20 Analyst Rating
12 Buy
7 Hold
1 Sell
Moderate Buy
Current: 56.530
Low
50.00
Averages
58.87
High
75.00
Current: 56.530
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.
