U.S. Bancorp $USB overview Current price: $59.90 Target | 🚀 Robin Rocket

U.S. Bancorp $USB overview

Current price: $59.90
Target price $62-63

U.S. Bancorp is a diversified financial holding company. Provides a full range of financial services, including lending and custody services, money management, trusts and investments. In addition, it is engaged in servicing credit cards, mortgage banking, insurance, brokerage and leasing.

US Bancorp, the fifth largest commercial bank in the United States, is a very well-managed bank with superior efficiency and profitability compared to other banks.

US Bancorp is one of the first banks to connect to the RTP network, which is a real-time payment platform.

September 21, USB announced the acquisition of Union Bank. The takeover of Union Bank is likely to have a positive effect on profits in the coming years if the bank can protect profits while cutting 40% of Union's expenses.

Dignified dividends, excellent profitability and attractive structure for the acquisition of Union Bank make US Bank a good buy.

Not an investment recommendation.