[theflyonthewall.com] – CFO Andrew Cecere says “there is no business we are seeking to get into, and no business we are seeking to get out of.” Says will expand securities portfolio to $80B in Q4. Says that “For …
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U.S. Bancorp (USB), valued at $71.61B, started trading this morning at $39.59.
Today’s price range has been between $39.07 and $39.68 per share with its 52-week range being $31.29 to $39.96.
Priced at 13.10x this year’s forecasted earnings, USB shares are relatively inexpensive compared to the industry’s 18.25x forward p/e ratio.
The company pays shareholders $0.92 per share annually in dividends, yielding 2.40%.
Consensus earnings for the current quarter by the 32 sell-side analysts covering the stock is an estimate of $0.76 per share, which would be $0.01 better than the year-ago quarter and a $0.01 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $3.01 would be a $0.14 improvement when compared to the previous year’s annual results.
The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $4.90 Billion. If realized, that would be a 4.11% decrease over the year-ago quarter.
In terms of ratings, Deutsche Bank downgraded USB from Buy to Hold (Oct 24, 2013). Previously, Stifel Nicolaus upgraded USB from Hold to Buy.
When considering if the stock is under or overvalued, the average price target is $40.38, which is 2.00% above where the stock opened this morning.
U.S. Bancorp (NYSE:USB), a financial services holding company, provides a range of financial services in the United States. Its services include lending and depository services, cash management, capital market, and trust and investment management services.
Tag Helper ~ Stock Code: USB | Common Company name: U.S. Bancorp | Full Company name: U.S. Bancorp (NYSE:USB) .