$USB

The article summarizes Q2 earnings for several U.S. banks. Wells Fargo reported $22.7B revenue, up 8.6% YoY, beating analysts’ revenue by 3.9%, and its stock was up 1.6% to $89.09. U.S. Bancorp revenue was $7.76B (+9.9% YoY) with a tangible book value miss; stock up 3.4% to $65.16. PNC revenue was $6.68B (+17.5% YoY) and stock $254.50. Truist revenue was $5.31B (+5.1% YoY) and stock $52.65.

The article says financial stocks have rebounded after lagging earlier in the year. It cites XLF up more than 13% and KBE up about 13% over three months versus the S&P 500 up about 5%, attributing gains to bank earnings, a steeper yield curve, easing U.S.-Iran tensions, and expectations of less regulation. It also notes RBC expects banks may rise 10% to 20% in 12 months.

Simply Wall St reports U.S. Bancorp (USB) shares rose 0.2% to $63.94 after Q2 results. EPS was $1.35, up from $1.11 a year earlier, with net income (ex items) $2,098m vs. $1,733m. Revenue rose to $7,148m. Net interest margin improved to 2.79%, and the article cites a 3.25% dividend yield and P/E of 12.8x.

JPMorgan raised its price target on U.S. Bancorp (USB) to $69 while keeping a Neutral rating, according to the article. The mean target is $70.33, about 10.3% above the current price, and the Street-high target is $77, implying roughly 20.7% upside.

The article reviews Q2 earnings for major U.S. banks. Citigroup reported $24.79B revenue (+14.3% YoY), beating analysts by 4.5%, but its stock fell 9.4% to $127.44. U.S. Bancorp revenue was $7.76B (+9.9%), beating by 2.1%, stock $63.83. Bank of America revenue was $31.78B (+15%), stock $61.30. Truist revenue was $5.31B (+5.1%), stock $52.56.

Wall Street rose Thursday as Brent crude fell 2.8% to $95.03/bbl and Treasury yields eased. The Dow gained 874 points, or 1.7%, to a record; the S&P 500 rose 0.4% and the Nasdaq slipped 0.1%. Banks led, while AI-related stocks fell. Broadcom dropped 12.6% despite AI chip revenue of $10.8B; Micron fell 7.7%.

CHOSY JAMES L (Senior EVP and General Counsel) sold 22,968 shares of US BANCORP \DE\ (USB) at $63.28 ($1.45M total) on 2026-07-23.

U.S. Bancorp (USB) reported Q2 2026 diluted EPS of $1.35, up 22% YoY, on total net revenue of $7.71 billion, up 10.1% YoY. Net interest income rose to $4.39 billion and net interest margin to 2.79%. Noninterest income increased to $3.33 billion. Guidance was upgraded for FY 2026 revenue growth to 7%-9%.

Philipson Stephen L (Vice Chair) sold 36,906 shares of US BANCORP \DE\ (USB) at $63.08 ($2.33M total) on 2026-07-20.

According to S&P Capital IQ, 15 banks with over $100B in assets reported 2Q results, and 14 beat analysts’ consensus EPS estimates. The article cites strong credit quality, loan growth, and capital markets profits, plus a more constructive macro outlook. Examples include Goldman Sachs, Morgan Stanley, Citi, Wells Fargo, JPMorgan Chase, and Bank of America.