Market Update: U.S. Bancorp (NYSE:USB) – U.S. Bancorp to Speak at the Credit Suisse Financial Services Forum

[Business Wire] – U.S. Bancorp announced today that Kathy Rogers, vice chairman and chief financial officer, and P. W. Parker, vice chairman and chief risk officer, will present at the Credit Suisse Financial Services Forum. Read more on this. U.S. Bancorp (USB) , valued at $67.62B, opened this morning at $39.27. A quick look at the market, the company’s stock traded between $38.59 and $39.27 with a trailing 52-week range being $37.97 to $46.26. USB shares are currently priced at 11.81x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry ’s 13.14x forward p/e ratio. The company pays shareholders $1.02 per share in dividend income per year, for a current yield of 2.55%. In a review of the consensus earnings estimate this quarter, 26 sell-side analysts are looking at $0.77 per share, which would be $0.01 better than the year-ago quarter and a $0.02 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $3.37, which would be a $0.22 better when compared to the last year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $5.08 Billion. If reported, that would be a 3.46% increase over the year-ago quarter. Recently, Robert W. Baird upgraded USB from Neutral to Outperform (Jan 14, 2016). Previously, Piper Jaffray Initiated USB at to Overweight. Investors should keep in mind is that the average price target is $46.04, which is 17.24% above where the stock opened this morning. See more in (NYSE:USB) Similar Articles: Stock Update (NYSE:USB): U.S. Bancorp to Speak at the Goldman Sachs US Financial Services Conference 2015 Company Update: U.S. Bancorp (NYSE:USB) – U.S. Bancorp to Speak at the Bank of America Merrill Lynch 2015 Banking and Financial Services Conference Stock Update: U.S. Bancorp (NYSE:USB) – U.S. Bancorp to Speak at the Barclays 2015 Global Financial Services Conference