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USB · US Bancorp \De\

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$60.99 +0.52 (+0.86%) At close · Nov 13
Market Cap
$95.04B
Shares
1.56B
Volume · Nov 13 4.03M Avg daily vol (3M) 7.35M

Price & Indicators

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20d MA 50d MA 200d MA Earnings Filing Insider Congress Investor day
Close$60.99 Open$61.01 Day$60.33–61.18 52W close$45.47–65.42 Avg vol 30d7.3M Short int25.7M · 1.7% of shares · 3.5d Short vol63% Last earningsOct 15, 2026 DataJan 2020–Nov 2026 Filing10-Q · Nov 5

Up next

Jan 19, 2027 Est · unconfirmed · in 9 wks

Latest documents

2026
Nov 6
Investor event
BTIG contributes half of 14.9% fee revenue growth

U.S. Bancorp said fee revenue grew 14.9%, with about half attributable to BTIG. It targets capital-markets fees above 10% of earnings from 8% and expects a prompt restart of share repurchases as interest rates stabilized.

4 source passages
U.S. Bancorp is a financial services company with international operations, and it's the parent company of U.S. Bank. Part of that, of course that 14.9 percent, about half of that, of course is the BTIG acquisition, which we're very pleased about and we'll talk more about this morning. And so in terms of where we're going, just sharing a slide that Gunjan talked to in earnings, we want to take these businesses from having capital markets fees comprise 8% of the bank's overall earnings to over 10%, and we've got a very clear path to doing that. Since interest rates have come down and have more or less stabilized at this level, it gives us confidence that we'll be able to start up our share of purchases in a prompt fashion. Open the document at this passage
Nov 6
Current report 8-K
Executives to present in Boston on November 6, 2026

U.S. Bancorp said its executives will present at the BancAnalysts Association of Boston Conference at 10:15 a.m. Eastern time on November 6, 2026, with slides and a webcast available through Investor Relations.

Regulation FD disclosure
Source passage
As previously announced, John Stern, U.S. Bancorp’s Vice Chair and Chief Financial Officer, and Stephen Philipson, U.S. Bancorp’s Vice Chair and Head of Wealth, Corporate, Commercial and Institutional Banking, will make a presentation at the BancAnalysts Association of Boston Conference in Boston at 10:15 a.m. Eastern time on Friday, November 6, 2026. Open the document at this passage
Nov 5
Current report 8-K
C$1,000,000,000 senior notes issued due November 5, 2032

U.S. Bancorp issued C$1,000,000,000 4.422% Fixed-to-Floating Rate Senior Notes due November 5, 2032. The fixed rate applies from November 5, 2026 to, excluding November 5, 2031, when quarterly floating rates equal Compounded CORRA plus 110 basis points begin.

Read from the first part of this long document
2 source passages
Exhibits are filed herewith in connection with the issuance by U.S. Bancorp on November 5, 2026, of C$1,000,000,000 4.422% Fixed-to-Floating Rate Senior Notes due November 5, 2032, constituting Medium-Term Notes, Series EE (Senior), which were registered pursuant to a registration statement on Form S-3 (SEC File No. 333-294133), which became automatically effective upon filing on March 9, 2026. to pay interest thereon (a) from, and including, November 5, 2026 (the “Issue Date”) to, but excluding, November 5, 2031 (the “Fixed Rate Period”), at the rate equal to 4.422% per annum, payable semi-annually in arrears on May 5 and November 5 of each year (each such date, a “Fixed Rate Interest Payment Date”), beginning on May 5, 2027 and ending on November 5, 2031 (the “Reset Date”); and (b) from, and including, the Reset Date to, but excluding, the Maturity Date or earlier Redemption Date (the “Floating Rate Period”) at a floating rate per annum, reset quarterly, equal to Compounded CORRA (as defined on the reverse hereof) plus a spread of 110 basis points (the “Spread”), payable quarterly in arrears on February 5, May 5, August 5 and November 5 Open the document at this passage
Nov 5
Quarterly report 10-Q FY2026 Q3, ended Sep 30
Third-quarter net income rises to $2.2 billion

U.S. Bancorp reported $2.2 billion in third-quarter 2026 net income, up from $2.0 billion a year earlier, while first-nine-month net income reached $6.3 billion. Average loans increased 8.0 percent.

Revenue $7.97B ▲ 8.7% Net income $2.2B ▲ 10.0% Diluted EPS $1.34 ▲ 9.8%
Read from the MD&A section
3 source passages
The Company reported net income attributable to U.S. Bancorp of $2.2 billion in the third quarter of 2026, compared with $2.0 billion in the third quarter of 2025. The Company reported net income attributable to U.S. Bancorp of $6.3 billion in the first nine months of 2026, compared with $5.5 billion in the first nine months of 2025. Average loans increased $30.4 billion (8.0 percent) driven by higher commercial loans, commercial real estate loans and credit card loans; and Open the document at this passage
Oct 30
Current report 8-K Events of Oct 29
Preferred stock offering closes with 1,000,000 depositary shares

U.S. Bancorp closed the sale of 1,000,000 depositary shares on October 30, 2026, each representing 1/25th of a share of 7.20% Series P Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock with a $25,000 per-share liquidation preference.

Change to shareholders' rights, Charter or bylaw amendment, or fiscal year change, Other events Read from the first part of this long document
2 source passages
On October 30, 2026, the Company closed the sale of 1,000,000 depositary shares (the “Depositary Shares”), with each Depositary Share representing ownership of 1/25^th^ of a share of the Company’s Preferred Stock, which were registered pursuant to a registration statement on Form S-3 (SEC File No. 333-294133), which became automatically effective upon filing on March 9, 2026 (the “Registration Statement”). We (the “Representatives”) understand that U.S. Bancorp, a Delaware corporation (the “Company”), proposes to issue and sell to the several underwriters named in Schedule I (the “Underwriters”) an aggregate of 1,000,000 depositary shares (the “Offered Securities” and each an “Offered Security”), each representing 1/25th of a share of the Company’s 7.20% Series P Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock, $1.00 par value, with a liquidation preference of $25,000 per share (the “Preferred Stock”). Open the document at this passage
All documents

Metrics snapshot

Useful current figures from the complete screener profile.

Revenue (TTM)
$30.23B
Trailing 12 months
Net income (TTM)
$8.37B
Trailing 12 months
Revenue growth YoY
+8.9%
Year over year
Operating margin
—
Trailing 12 months
P / E (TTM)
11.9
Trailing earnings · reciprocal yield 8.4%
FCF yield
—
TTM · current market cap
Return on invested capital
—
Trailing 12 months
Net cash
−$23.52B
Latest balance sheet
Dividend yield
3.4%
Trailing 12 months
Shares change YoY
+0.1%
Year over year · more shares
Price change (1Y)
+28.9%
Trailing year
Short interest
1.7%
Latest settlement · 3.5 days to cover
View all 125 metrics

Equibles Rating

blended score · not investment advice
Overall
Strong Buy
SellHoldBuy
Technical Buy Momentum Very Strong Sentiment Bullish Fundamentals Excellent Quant / Vol Low
Market backdrop VIX 19.3 · elevated Equity put/call 0.63
Technical
price trend
Buy
50 / 200-day cross No cross
Price vs 200-day avg +5%
above
Price vs 50-day avg +3%
above
RSI (14) 57
neutral
MACD trend Positive
52-week position 78%
mid-range
Volume (OBV) Bearish div.
distributing
Momentum
relative strength
Very Strong
1-month return +4%
trailing
6-month return +10%
trailing
YTD return +14%
this year
Relative strength +10%
vs S&P · 6-mo
Sentiment
smart money
Bullish
Trend (MA cross) No cross
50d $59 › 200d $58 — 50d above 200d
Institutional flow Accumulating
1,889 of 2,085 funds reported for Sep 30 · net +13.8M sh shares · +99 new
Insider flow Distributing
Net -$1.7M over 90 days · 100% sells
Short interest Falling
1.65% of shares out · ▼ -0.1% MoM · 3.5 days cover
Volume signal Normal
Volume near normal
Institution breadth Multi-yr high
2,085 holders — near 3-yr high, broad support
Squeeze score 53
elevated · 0–100
Fundamentals
Excellent
Revenue growth +4%
Y/Y
EPS growth +22%
Y/Y
Valuation P/E 11.9
below peers
Buyback $5.0B
authorized
Balance sheet $31.0B
net debt
Quant / Vol
risk profile
Low
Volatility 23%
annualized · 1-yr
Max drawdown −16%
past year
ATR 2.1%
of price · 14-day

Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.

Guidance & track record

Beat or met 1 of last 2
Latest guidance · from the 8-K filed Oct 15, 2026
BTIG expected to add quarterly net revenue · quarterly $200M
Previous outlook earlier release · from the Earnings Call filed Jul 16, 2026

Still-open targets the latest release did not restate under the same label.

BTIG contribution to total fee revenue · per quarter in the back half of 2026 $200M
Amazon revenue · in the guide for the year $75M – $85M
BTIG revenue per quarter · back half of the year $200M
BTIG contribution margin · per quarter 15%
Integration costs · expected to come in with BTIG $60M
Prior guidance period ended · from the Earnings Call filed Jul 16, 2026
Total fee revenue growth · third quarter of 2026 compared to the third quarter of 2025 12% – 14%
Guided vs delivered · last 2 settled
Total Revenue 2Q23
guided $7.1B – $7.3B
$7.18B In line
Total Revenue FY 2023
guided $28.5B – $30.5B
$28.14B Miss −4.6%

Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.

Technicals

trend & momentum for long-term holders Buy
1 · 3 · 3
50 / 200-day cross
No cross Neutral
Price vs 200-day avg
+5% Bullish
Price vs 50-day avg
+3% Bullish
RSI (14)
57 Neutral
MACD trend
Positive Bullish
52-week position
78% Neutral
Volume (OBV)
Bearish div. Bearish
Market signals — smart money & positioning
Bullish · 3 of 6
Trend (MA cross) No cross
50d $59 › 200d $58 — 50d above 200d
Institutional flow Accumulating
1,889 of 2,085 funds reported for Sep 30 · net +13.8M sh shares · +99 new
Insider flow Distributing
Net -$1.7M over 90 days · 100% sells
Short interest Falling
1.65% of shares out · ▼ -0.1% MoM · 3.5 days cover
Volume signal Normal
Volume near normal
Institution breadth Multi-yr high
2,085 holders — near 3-yr high, broad support
Price context
position in its 52-week range
Range low $45 Now $61 · 78% Range high $65
vs 200-day avg +5% vs 50-day avg +3%

Illustrative technical + ownership context — a signal mix, not investment advice.

Key metrics

the company's own KPIs, from written earnings releases and filings
Metric Latest Period YoY
90+ day delinquency 0.18% 3Q26 —
Allowance for credit losses $8.17B 3Q 2026 —
Allowance for credit losses as a percentage of nonperforming loans 636% 3Q 2026 —
Allowance for credit losses as a percentage of period-end loans 1.97% 3Q 2026 —
Average noninterest-bearing deposits $80.97B 3Q 2026 —
Average total deposits $526.6B 3Q26 —
Average total loans $409.55B 3Q26 —
Basel III standardized CET1 10.8% 3Q26 —
Book value per common share (period end) $38.27 3Q26 —
Common equity tier 1 capital ratio, including AOCI related adjustments non-GAAP 9.1% 3Q26 —
Common equity to assets non-GAAP 8.5% September 30, 2026 —
Earnings returned $847M 3Q26 —
Net charge-off ratio 0.51% 3Q 2026 —
Net charge-offs - Commercial Real Estate 0.31% 3Q26 —
Net charge-offs - Credit Card 3.29% 3Q26 —
Net charge-offs - Other Retail 0.53% 3Q26 —
Net interest margin 2.84% 3Q26 —
Net interest margin (taxable-equivalent basis) non-GAAP 2.84% 3Q26 —
Nonperforming assets $1.32B 3Q 2026 —
Operating leverage non-GAAP 2.4% Three Months Ended September 30, 2026 —
Operating Leverage (YoY) non-GAAP 240 3Q26 —
Provision for credit losses $654M 3Q 2026 —
Ratio of nonperforming assets to loans and other real estate 0.32% 3Q 2026 —
Reported Fee Revenue $3.55B 3Q26 —
Return on average assets 1.25% 3Q26 —
Return on average common equity 13.6% 3Q26 —
Risk-weighted assets, determined in accordance with prescribed regulatory capital requirements e non-GAAP $508.17B September 30, 2026 —
Small Business average deposits $45B 3Q26 —
Small Business average loans $18B 3Q26 —
Small Business fees $223M 3Q26 —
Tangible book value per common share (period end) non-GAAP $29.34 3Q26 —
Tangible common equity to risk-weighted assets non-GAAP 9% September 30, 2026 —
Tangible common equity to tangible assets non-GAAP 6.6% 3Q26 —
Total net charge-offs $523M 3Q 2026 —
Total noninterest expense, excluding BTIG non-GAAP 2% 3Q26 —
Liquidity Coverage Ratio 107.6% Three Months Ended June 30, 2026 filing —
Mortgage Servicing Rights and Related Hedges VaR $3M Three Months Ended June 30 filing —
Ratio of total loan net charge-offs to average loans outstanding (annualized) 0.53% the second quarter filing —
Residential Mortgage Loans Held For Sale and Related Hedges VaR $1M Three Months Ended June 30 filing —

Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period

Versus peers

Banks - Regional — same industry group
Open screener →
Company Mkt cap YTD Rev growth Y/Y P/E Short % shares
USB
US Bancorp \De\
this stock
$95.04B +14.3% +4.4% 11.9 1.7%
HDB
Hdfc Bank Ltd
$132.87B -29.3% -3.2% — 0.8%
MFG
Mizuho Financial Group Inc
$124.83B +41.3% — — 0.1%
IBN
Icici Bank Ltd
$123.94B +15.8% — — 0.5%
CIXPF
CaixaBank
$93.83B +10.9% — — 0.0%

Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding

At a glance

key data from every section
Ownership
Institutional Holders Accumulating
Holders
2,105
% held
83.3%
Reported
1,889 of 2,085
Top holder
BlackRock, Inc.
Held Float
View
Held by Funds
Fund positions
1,054
View
Short & Settlement
Short Interest Falling
Shares short
25.7M
Days to cover
3.5d
Change
-23.2K sh
View
Short Volume
Short vol %
63%
As of
Nov 13, 2026
Short Total
View
Fails to Deliver
FTD shares
255.4K
Value
$14.7M
As of
Oct 13, 2026
View
Off-Exchange
Off-exchange %
35.4%
Week of
Oct 5, 2026
Off-exch Lit
View
Smart Money
Insider Trades Net selling
Net (90d)
-$1.7M
Buyers / Sellers
0 / 1
Buyers Sellers
View
Congressional Trades Sell
Member
Gilbert Cisneros
Amount
$1.0K–$15.0K
Traded
Sep 26, 2025
View
Financials
Financials
Revenue (FY)
$28.7B
Net income (FY)
$7.6B
EPS diluted
$4.62
View
Buybacks
Authorized
$5.0B
View
Filings
SEC Filings
Latest
8-K
Filed
Nov 6, 2026
This year
30

U.S. Bancorp said its executives will present at the BancAnalysts Association of Boston Conference at 10:15 a.m. Eastern time on November 6, 2026, with slides and a webcast available through Investor Relations.

View
Proposed Sales
Value
$1.7M
Shares
27.3K
Filed
Aug 28, 2026
View
Earnings & Events
Webcasts
Last webcast
Nov 6, 2026
View
Investor Relations
Latest news
U.S. Bank Expands Nationwide Midd…
Published
Nov 12, 2026
View

Performance

5D 20D 120D MTD YTD
USB +2.6% +3.9% +10.5% +2.6% +14.3%
SPY +2.6% -1.2% +0.5% -0.2% +10.6%
vs SPY +0.0% +5.0% +10.0% +2.8% +3.7%

Capital returns

Latest dividend
$0.54 / share · ex Sep 30, 2026
Raised 3.8%
Paid (TTM)
$2.10 / share · 4 payouts
Dividend yield (TTM, derived)
3.44%
Full dividend history
Buyback program · as of Jul 16, 2026
Authorized
$5.00B
Spent (derived)
—
Remaining
—

Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.

Key facts CIK 36104 CUSIP 902973304 13F (30d) 1632 filings 1532 filers Visit website Investor relations