U.S. Bancorp (USB)
Coverage summary
Aardvark Labs Capital Research has covered U.S. Bancorp (USB) since July 18, 2025. The company is in the Financial Services sector. This page lists 6 reports: 6 earnings recaps.
The latest is the Q3 2026 Earnings Recap, published October 24, 2026. The current rating is Outperform, unchanged since the Q3 2025 Earnings Recap of October 17, 2025. The rating has changed once since coverage began.
Translations: 5 in Chinese.
Rating history
All USB reports
Recap: Q3 2026
Maintaining Outperform: The Rate Shock Paused the Buyback, Not the Engine, as Record Revenue, a 2.84% Margin and a Raised Operating-Leverage Guide Leave the De-Rated Stock Cheaper Than the Business
Recap: Q2 2026
Maintaining Outperform: The Margin Resumes, the Full-Year Guide Is Raised, and BTIG Prints a Record First Month — the One Open Question Clears and Valuation Becomes the Only Debate
Recap: Q1 2026
Maintaining Outperform: The Re-Rate Is Done but the Compounding Isn't — Accelerating Q2 Guide, the Amazon Card, an Accretive BTIG, and Basel III Relief Keep the Story Going After a +49% Year
Recap: Q4 2025
Maintaining Outperform: A Second Straight Quarter Inside Every Target, NIM Grinds to 2.77%, the Buyback Doubles, and BTIG Adds the Last Piece of the Capital-Markets Build
Recap: Q3 2025
Upgrading to Outperform: The NII Inflection Prints — Record Revenue, +9bps NIM, 530bps Operating Leverage — and a Sector Credit Scare Hands You the Entry
Recap: Q2 2025
Initiating Coverage at Hold: A Fee-and-Expense Beat the Market Won't Pay For Until the NII Inflection Is on the Tape