U.S. Bancorp (USB) Rides on Loans, Fee Income Amid High Costs
USBU.S. Bancorp(USB) Zacks Investment Research·2024-03-14 00:36

U.S. Bancorp’s (USB) robust loan pipeline, investment portfolio repositioning efforts and stable deposits are likely to enhance net interest income (NII). Diverse revenue streams and rising fee income are likely to support top-line growth. However, an escalating expense base and a concentrated loan portfolio are concerns. U.S. Bancorp witnessed strong growth in total loans and deposits over the past few years on the back of sustained client acquisition and deepened relationships with existing clients. Total ...