- U.S. Bancorp (USB), the fifth-largest commercial bank in the US, is a very well-run bank with superior efficiency and profitability compared to its peers.
- USB is an excellent defensive candidate, with long term return supported both by a sustainable dividend yield currently near 2.8% and a robust share repurchase program in recent years.
- However, at its current price ~$60 considering the near term uncertainties, I have to conclude that USB is slightly overvalued and the margin of safety to invest is thin, especially.
For further details see:
U.S. Bancorp: Great Company, Slightly Overvalued