USB - U.S. Bancorp: Why I'm Buying This Big Yielding Bank
2024-07-11 17:00:55 ET
Summary
- U.S. Bancorp stock has returned over 17% since March, but lags the S&P 500's 40% increase.
- The Commercial Real Estate downturn impacts USB, but the bank's conservative underwriting and diversification are strengths.
- USB's acquisition of Union Bank boosts its presence on the West Coast, while maintaining solid credit ratings and dividend growth.
My last article on U.S. Bancorp ( USB ), Opportunity Knocks: Why I'm Banking On U.S. Bancorp, rated the stock as a Buy. That Buy rating was largely based on the stock’s historically low valuation and high yield.
Since then, the total return on USB is well over 17%. However, before you write me a “Thank You” note, know that the S&P 500 has risen just over 40% in that time frame....
U.S. Bancorp: Why I'm Buying This Big Yielding Bank