US Bancorp stock gained 0.26 percent on October 2 as targets fell
Published on 10/05/2026 at 15:25 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
US Bancorp (ISIN US9029733048) gained 0.26 percent to USD 57.51 on the NYSE at the October 2, 2026 close. The move came as JPMorgan lowered its price target from USD 69 to USD 65 while keeping a Neutral rating ahead of the bank's third-quarter results.
Second-quarter earnings set the baseline
US Bancorp's second-quarter diluted EPS reached USD 1.35 against a USD 1.28 consensus estimate, a USD 0.07 beat, while revenue reached USD 7.71 billion, according to Yahoo Finance in its September 29, 2026 earnings preview. The same report said second-quarter EPS increased 22 percent year over year and revenue increased 10.1 percent year over year.
The earnings comparison gives the October 15 report a clear benchmark: analysts cited in the preview expect diluted EPS of USD 1.33 for the third quarter, up from USD 1.22 in the year-ago quarter, according to Yahoo Finance.
Analyst targets move in different directions
JPMorgan cut its target to USD 65 from USD 69 and retained a Neutral rating on October 2, 2026, as part of a third-quarter earnings preview, reported Markets Insider. Truist also reduced its target from USD 69 to USD 67 on October 1, 2026, but kept a Buy rating, with net interest margin and operating leverage central to the debate, according to Markets Insider.
The broader consensus remains more constructive. Twenty-three analysts carried a Moderate Buy rating and an average price target of USD 70.26 in the September 29, 2026 preview. That target lies 22.2 percent above the October 2 closing price of USD 57.51.
Dividend and results date converge
US Bancorp declared a quarterly common-stock dividend of USD 0.54 per share, up 3.8 percent from the prior payment, with payment scheduled for October 15, 2026, according to U.S. Bancorp. The dividend date and results date fall on the same calendar date, putting earnings, payout and the bank's forward margin outlook in one investor checkpoint.
US Bancorp stock holds above USD 57
US Bancorp stock closed at USD 57.51 on the NYSE on October 2, 2026, with a 52-week range of USD 45.02 to USD 66.08 and a market capitalization of USD 89.6 billion.
US Bancorp stock facts
- Company: U.S. Bancorp
- ISIN: US9029733048
- Ticker: USB
- Trading venue: NYSE
- Closing price (October 2, 2026): USD 57.51
- Market capitalization: USD 89.6 billion (as of October 2, 2026)
- 52-week range: USD 45.02-66.08 (as of October 2, 2026)
- Volume: 7,520,114 shares (October 2, 2026)
- Sector / Industry: Financials / Regional Banks
Upcoming dates for US Bancorp stock
- October 15, 2026: Third-quarter earnings
- October 15, 2026: Common-stock dividend payment
