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Compass Point Sees Decent Quarter Earnings For U.S. Bancorp

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In a report published Wednesday, Compass Point analyst Kevin Barker reiterated a Neutral rating and $43.00 price target on U.S. Bancorp (NYSE: USB).

In the report, Compass Point noted, “USB reported GAAP EPS of $0.79 in 4Q, which when adjusted for one-time items ($124mm Nuveen gain, $35mm charitable contribution, and $53mm in legal accruals) we estimate operating EPS of $0.78. This beat both our estimate and the consensus estimate by one penny, as tax-advantaged investments pushed the tax rate down to 25.8% from 28% estimated.”

U.S. Bancorp closed on Tuesday at $42.56.

Latest Ratings for USB

Nov 2017JP MorganMaintainsNeutral
Oct 2017NomuraMaintainsNeutral
Oct 2017Morgan StanleyMaintainsUnderweight

View More Analyst Ratings for USB
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Posted-In: Compass Point Kevin BarkerAnalyst Color Reiteration Analyst Ratings


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