Morningstar Rating

Stock Research and Analysis

by Dan Werner

Bulls Say

Strong fee revenue continues to help insulate U.S. Bancorp from a flatter yield curve environment.
Commercial loan growth will continue to strengthen as U.S. Bancorp increases lending and the U.S. economy strengthens. These higher-yielding assets will add to bottom-line performance.
U.S. Bancorp is a top-five deposit gatherer in 15 of the 25 states in which it operates. Read more 

Bears Say

Net interest margin expansion will be minimal as interest rates remain low.
Regulators continue to limit the bank's ability to pay dividends greater than 30% of net income.
Additional regulation costs will mute net income improvements. Read more 

Management

We consider the stewardship of U.S. Bancorp's capital to be exemplary. Richard K. Davis has served as CEO of U.S. Bancorp since 2006 after previously serving as chief operating officer. He is clearly the dominant influence throughout the company.
During   Read more 

Profile

As a diversified financial services provider, U.S. Bancorp is the nation's fifth largest bank with branches in 25 states in the western and northern United States. It is   Read more 

The Downside of Share Buybacks  
Watch more 

Premium Membership

View all of our analyst reports with a free trial to Morningstar.com Premium.