2023-04-17 07:00:00 ET
Summary
- After the recent banking turmoil, banks in the United States are trading at levels that seem to be extremely attractive, which is supported by strong earnings from major money center banks.
- Technically, U.S. Bancorp is in a good spot to benefit from higher deposit flows if it is able to maintain high credit quality and margins.
- While USB is in a good spot to beat earnings and is attractively valued, I'm not recommending investors go overweight. Macroeconomic challenges are persistent and a major risk going forward.
For further details see:
U.S. Bancorp Stock: A Bargain Going Into Earnings?