USB Stock Summary and Trading Ideas (U.S. Bancorp | NYSE:USB)

As a diversified financial-services provider, U.S. Bancorp is one of the nation's largest regional banks, with branches in roughly 26 states, primarily in the Western and Midwestern United States. The bank offers many services, including retail banking, commercial banking, trust and wealth services, credit cards, mortgages, and other payments capabilities.

U.S. Bancorp trades on the NYSE stock market under the symbol USB.

As of April 18, 2024, USB stock price declined to $39.44 with 9,033,148 million shares trading.

USB has a beta of 1.77, meaning it tends to be more sensitive to market movements. USB has a correlation of 0.36 to the broad based SPY ETF.

USB has a market cap of $61.53 billion. This is considered a Large Cap stock.

Last quarter U.S. Bancorp reported $7 billion in Revenue and $.90 earnings per share. This fell short of revenue expectation by $-25 million and exceeded earnings estimates by $.02.

In the last 3 years, USB stock traded as high as $63.57 and as low as $27.27.

The top ETF exchange traded funds that USB belongs to (by Net Assets): VTI, VOO, SCHD, SPY, IVV.

USB has underperformed the market in the last year with a price return of +16.3% while the SPY ETF gained +22.3%. USB has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -2.2% and -8.5%, respectively, while the SPY returned +6.1% and -3.8%, respectively.

USB support price is $38.79 and resistance is $40.25 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that USB stock will trade within this expected range on the day.