U.S. Bancorp (USB) Stock

U.S. Bancorp (USB) is a Financials stock trading at $63.17 (as of 2026-07-17), with a market capitalization of $98.06B and a trailing P/E of 12.6. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

U.S. Bancorp is a financial services holding company offering banking, lending, payments, treasury, and related services to individuals, businesses, institutional organizations, government entities, and other financial institutions. Its services include deposit products, credit products and card and lease financing, capital markets and treasury management, and wealth, asset management, and fiduciary offerings.

Understand U.S. Bancorp: how it makes money

U.S. Bancorp provides banking and financial services, including deposits, lending, wealth management, and payment services, and it makes money from net revenue tied to lending and deposits plus fees from transaction and payment services.

U.S. Bancorp’s profit model depends on both net revenue from traditional lending and deposits and fee revenue from transaction and payment services.

Business quality (Solid): Fee revenue is a clear, investor-relevant operating KPI in the provided data, but the input does not include a clean, official reportable segment revenue breakdown that sums to total revenue.

Valuation: At 11× earnings, USB trades 9% below the Banking average (13×). Note: one-time items can distort reported P/E.

Bull case

  • Diversified revenue sources include both fees and banking activity: The company reports fee revenue (3.03B) and has explicit payment-related revenue lines (Payment Services net revenue, plus Prepaid Card Fee Revenue), alongside broader net revenue (about 7.29B).
  • Payment and transaction services contribute to earnings power: Operationally, fee revenue is a major component in the provided figures, and the company specifically operates a Payment Services segment and other transaction-related net revenue.

Bear case

  • Fee-heavy sensitivity: Because Fee revenue is a large operating KPI (3.03B), any weakening in transaction and payment-related activity would directly impact the earnings engine.
  • Prepaid card fee stream is small in the provided data: Prepaid Card Fee Revenue is relatively small (0.04B), so investors should not assume it meaningfully offsets declines in broader fee revenue categories.
Valuation — source: SEC EDGAR (first-party)
Price$63.17
Market Cap$98.06B
P/E Ratio12.6
EV / EBITDA6.9
Price / Book1.48
Price / Sales3.38
DCF Value (model)$83.47
DCF Upside vs Price32.1%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$28.66B
Net Margin26.4%
Revenue Growth (YoY)4.7%
EPS Growth (YoY)14.6%
Valuation vs Sector & Industry
Stock P/E12.6
Sector P/E (Financials)15.5
Industry P/E (Banking)13.5
vs Sector-19.0%
vs Industry-7.0%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderVANGUARD GROUP INC ($7.81B)
Institutional Holders Tracked10
Congressional Trades (recent)10
Company
SectorFinancials
IndustryBanking
CEOGunjan Kedia
Employees70,000
CountryUS
IPO Date1973-05-03

Related Companies (Business model: Universal / Commercial Bank; 8 closest by market cap; US-domiciled)

  • Wells Fargo & Company (WFC)
  • Citigroup Inc. (C)
  • Capital One Financial Corporation (COF)
  • The PNC Financial Services Group, Inc. (PNC)
  • Truist Financial Corporation (TFC)
  • Huntington Bancshares Incorporated (HBAN)
  • Regions Financial Corporation (RF)
  • KeyCorp (KEY)
USB earnings history · USB institutional & insider holders · USB KPIs & operating metrics · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-07-17.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.