New York, July 19 (FinanceEnquiry.com) – Analyst Erik Oja at S&P CAPITAL IQ maintains BUY ratings on the shares of US Bancorp (NYSE: USB). The 12-month target price has been raised from $35 to $37.
In a research note published yesterday, the analyst mentions that after announcing the Q2 results, the 2012 EPS estimates has been raised from $2.73 to $2.76 and the target price has been raised on the basis of premium to peers 12.5x of 2013 EPS estimate of $2.97.
The Q2 EPS of $0.71 against $0.60 exceeded the bank’s estimate of $0.68 on an all around solid performance which includes better than peers loan growth of 2.6 percent from Q1 and further credit quality improvements, a stable net interest margin, a rebound in credit and debit card revenues and a decrease in the expense ratio. Such solid trends have been expected to continue for the foreseeable future, the analyst says.
New York, May 21 (FinanceEnquiry.com) – Corn slipped for another day as soon as US planters stepped up planting on warmer climate, improving cheerfulness that output in the largest producer will arrive at a...
New York, May 20 (FinanceEnquiry.com) – Since investors remained on the sidelines prior to the viewpoint of US Federal Reserve chairman on the economy afterward in the week, due to this, crude oil futures...
New York, May 17 (FinanceEnquiry.com) – In a bit previous, pre-market activity on May 17, the Wall Street stock futures were on the boom.
Detailing it, by 0.21 percent, the Dow Jones industrial...
New York, May 16 (FinanceEnquiry.com) – Indicating enhanced sales trends at some stage in the spring selling period and the sturdiest stance for sales over the coming six months in more than six...
New York, May 15 (FinanceEnquiry.com) – On apprehensions on the subject of increasing supplies from the United States and an austere stance for worldwide demand expansion, Brent futures fell towards $102 per barrel...
New York, May 14 (FinanceEnquiry.com) – On May 14, European stocks are probable to start higher, at the side of feebler government bonds, as soon as US retail sales statistics came above anticipations...
New York, May 13 (FinanceEnquiry.com) – Pulling Asian shares lower, oil and gold costs slipped on the very first day of this week seeing that the dollar fortified, even though on the back of the yen's fall to...
New York, May 10 (FinanceEnquiry.com) – As soon as statistics demonstrated Japanese investors had started purchasing foreign bonds, the yen dropped to a four-year low in opposition to the dollar and a three-year...
New York, May 9 (FinanceEnquiry.com) – Solid Australian vocations statistics and a surprise interest rate cut by South Korea strengthened Asian shares on May 9 subsequent to lengthened record run of Wall...
New York, May 8 (FinanceEnquiry.com) – Suggesting the likelihood of a better stance for the planet's second- leading economy, exports and imports of China rose more than anticipated in the previous month,...
