US Bancorp stock heads into Q3 results after target cuts
Published on 10/04/2026 at 16:29 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
US Bancorp (ISIN US9029733048) closed at USD 57.51 on the NYSE on October 2, 2026, up 0.26 percent from the prior session. The bank will publish third quarter 2026 results before the market opens on October 15, according to U.S. Bancorp in a release dated October 1, 2026.
Q3 results set the next checkpoint
The October 15 report will test whether the bank can extend the earnings momentum shown in its latest reported quarter. The release is scheduled before the market opens, followed by a conference call at 9:00 a.m. ET, according to the company.
U.S. Bancorp reported Q2 2026 diluted EPS of USD 1.35, compared with USD 1.11 a year earlier. Total net revenue reached USD 7.712 billion, up 10.1 percent from USD 7.004 billion in Q2 2025, according to Financial Report Insights on September 22, 2026.
Profit growth outpaced revenue
Net income attributable to U.S. Bancorp rose 19.9 percent year over year to USD 2.177 billion in Q2 2026. Net interest income increased 7.7 percent to USD 4.361 billion, while noninterest income climbed 13.7 percent to USD 3.325 billion.
The mix matters for the next report. Q2 net interest margin expanded to 2.79 percent from 2.66 percent, while the efficiency ratio improved to 57.1 percent from 59.2 percent, according to the same Q2 analysis. Those figures show stronger operating leverage, but the comparison also includes the first partial quarter after the BTIG acquisition.
Analyst target remains above the stock
JPMorgan cut its U.S. Bancorp price target from USD 69 to USD 65 while retaining a Neutral rating in an October 2, 2026 research note, as reported by MarketBeat. The revised target is a separate analyst view from the broader consensus.
MarketBeat lists a Moderate Buy consensus from 25 analysts and an average target of USD 67.40. That average lies 17.2 percent above the October 2 closing price of USD 57.51, leaving the market focused on whether Q3 results can justify the gap.
US Bancorp stock stays below its yearly high
US Bancorp stock ended October 2 at USD 57.51 on the NYSE, with volume of 7,520,114 shares and a 52-week range of USD 45.02 to USD 66.08. The closing market capitalization was USD 89.6 billion.
Key facts on US Bancorp stock
- Company: U.S. Bancorp
- ISIN: US9029733048
- Ticker: USB
- Trading venue: NYSE
- Price (as of October 2, 2026, 4:00 p.m. ET): USD 57.51, closing price
- Market capitalization: USD 89.6 billion (as of October 2, 2026)
- 52-week range: USD 45.02-66.08 (as of October 2, 2026)
- Sector / Industry: Financial Services / Banks - Regional
- Index membership: S&P 500
Upcoming dates for US Bancorp stock
- October 15, 2026: Third quarter 2026 earnings release before the market opens
