Street View: US Bancorp shows potential for growth with focus on expense management

U.S. Bancorp USB.N reported a rise in its Q1profit on Wednesday, helped by higher trust and investment management fees

Average recommendation of 23 brokerages is "buy", median PT is $50- data compiled by LSEG

CAUTIOUSLY OPTIMISTIC

Barclays ("overweight," PT: $56) says the bank is concentrating on managing expenses wisely and improving efficiency, and is focused on achieving positive operating leverage in 2025

J.P. Morgan ("underweight," PT: $43.5) says USB earns more than its peers on credit cards due to high yields and is effectively growing capital markets fees

Piper Sandler ("overweight," PT: $48) says co is in "show-me" mode with its fee progression

"We are hopeful that the tides are finally turning USB’s way", adds Piper

Morningstar (fair value: $53) says payment services are crucial for USB because they don't require many assets and allows the co to offer other products to payment clients