U.S. Bancorp (USB) recently completed several fixed income offerings, issuing senior unsecured callable notes maturing between 2036 and 2046 with coupons ranging from 5.75% to 6.375%. These bond deals provide equity investors with fresh information on funding terms.
Against that backdrop, U.S. Bancorp's recent fixed income activity lands at a time when the stock has eased in the short term. The 30-day share price return is down 6.43% and the 7-day move is also lower, even as the year-to-date share price return is up 8.29% and the 1-year total shareholder return sits at 23.86%. This suggests longer term holders have seen materially stronger results than recent traders at the latest US$58.40 share price level.
Spot opportunities across large U.S. banks by comparing U.S. Bancorp's recent funding terms with a curated list of solid balance sheet and fundamentals (24 results).
U.S. Bancorp now trades around a 20% discount to analyst targets and an even wider gap to one intrinsic value estimate. After the recent pullback, is the market's caution still reasonable or is it starting to look excessive?
Most Popular Narrative: 17% Undervalued
At a last close of $58.40, the most followed narrat...