Equity Analysis /
United States of America

US : U.S. Bancorp - USB | Raising EPS Estimates; Maintaining Market Perform Rating

    Contributors
    Ken Kohut
    Daniel Tamayo
    CGS-CIMB
    20 January 2021
    Published byCGS-CIMB

    We reiterate our Market Perform rating on shares of USB after its release of 4Q financial results. The EPS beat was driven by a lower than expected provision as a result of favorable credit trends, but pretax pre-provision income slightly missed due to net interest income headwinds. The margin cont