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Argus Research Sticks to Their Buy Rating for US Bancorp (USB)

Tipranks - Tipranks - Fri Jan 23, 9:04AM CST

In a report released yesterday, Stephen Biggar from Argus Research maintained a Buy rating on US Bancorp, with a price target of $63.00.

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According to TipRanks, Biggar is a 5-star analyst with an average return of 17.4% and a 70.46% success rate. Biggar covers the Financial sector, focusing on stocks such as Invesco, JPMorgan Chase, and US Bancorp.

In addition to Argus Research, US Bancorp also received a Buy from Wells Fargo’s Mike Mayo in a report issued yesterday. However, on the same day, Evercore ISI maintained a Hold rating on US Bancorp (NYSE: USB).

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Based on US Bancorp’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $10.98 billion and a net profit of $2.05 billion. In comparison, last year the company earned a revenue of $10.66 billion and had a net profit of $1.66 billion

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