U.S. Bancorp: Balance Sheet Flexibility Creates Opportunity

Nov. 29, 2023 6:50 AM ETU.S. Bancorp (USB) StockUSB10 Comments
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Summary

  • U.S. Bancorp shares have underperformed but have shown resilience compared to other regional banks.
  • U.S. Bancorp has stable and recovering deposits, while its lower loan balances create scope for growth in 2024.
  • U.S. Bancorp's cautious planning and balance sheet flexibility can drive significant earnings growth over time.

US bank office building in Beverly Hills

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Shares of U.S. Bancorp (NYSE:USB) have been a poor performer over the past year, losing about 16% of their value. This has been less severe than losses seen in other, smaller regional banks since the failure of Silicon Valley Bank. That failure has

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