Caiman Valores
Contrarian, long-term horizon, research analyst, value

U.S. Bancorp Continues To Perform Strongly, But Is It Overpriced?

The performance of the U.S. banking industry has been steadily improving over the last year and this has seen renewed investor interest in the much maligned industry. Renewed interest has seen the KBW Bank Index (^BKX), a capitalization index composed of 24 leading bank stocks, increase by almost 21% for the year-to-date (YTD). With the much anticipated U.S. housing recovery now gaining greater traction, I believe there are growing opportunities for investors in the industry, making this an opportune time to analyze industry participants, particularly large regional banks in order to identify investment opportunities.

One bank that has attracted my interest is U.S. Bancorp (NYSE:USB) which, like Wells Fargo (NYSE:WFC), is another bank in...

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