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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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Sign InAmid a stabilizing environment for U.S. banking, Raymond James has reinstated coverage of U.S. Bancorp with a "Strong Buy" rating and a price target of $72.00. This bullish stance is rooted in expectations for sustainable earnings growth, fueled by the bank's successful technology investments and positive operating leverage. According to reports, a smooth transition in executive leadership has further bolstered confidence in the bank's ability to deliver consistent financial performance.
This optimism comes as large regional banks show notable resilience, with USB shares trading at $62.83 per market data (close of July 6, 2026). In comparison to peers, recent earnings from JPMorgan Chase highlighted robust net interest income growth, supporting a constructive outlook for the broader sector. The new price target from Raymond James implies a potential upside of over 14% from current levels, positioning the stock favorably against sector averages.
Traders should watch for immediate support near $62.34, the intraday low recorded on July 6, 2026. With the stock closing at $62.83 on that date, the market remains focused on upcoming macroeconomic catalysts, specifically the U.S. Non Farm Payrolls report, which could influence monetary policy expectations and subsequent banking sector margins.