Truist cuts target for U.S. Bancorp stock to USD 67.00

Published on 10/02/2026 at 02:58 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

U.S. Bancorp earned USD 2.18 billion in Q2 2026, up 19.9 percent. U.S. Bancorp stock was valued at USD 89.4 billion on October 1, 2026.

Editorial-Foto eines Börsenhandelssaals mit Händlern und digitalen Kurstafeln — US Bancorp (ISIN US9029733048) wird redaktionell mit einem lebhaften NYSE-Handelssaal und Kurscharts dargestellt, Illustration mit AI erstellt.

U.S. Bancorp (ISIN US9029733048) saw Truist Financial cut its price target from USD 69.00 to USD 67.00 on October 1, 2026, while keeping a Buy rating, according to MarketBeat. The move puts the latest analyst action below the consensus target of USD 67.56 cited in the same October 1 report.

Target cut follows strong quarter

The target reduction comes against a strong second-quarter operating comparison. U.S. Bancorp reported total net revenue of USD 7.71 billion for the second quarter of 2026, up 10.1 percent from the second quarter of 2025, while net income reached USD 2.18 billion, up 19.9 percent, according to Financial Report Insights.

Diluted earnings per share rose to USD 1.35 from USD 1.11 a year earlier, a 21.6 percent increase. Net interest income grew 7.7 percent to USD 4.36 billion, and fee income increased 13.7 percent to USD 3.33 billion, giving the results support from both major revenue streams.

Growth meets a valuation test

The earnings mix matters for the analyst debate. Financial Report Insights said capital markets revenue increased 62.5 percent to USD 512 million in the second quarter, with the BTIG acquisition contributing to the comparison, while the efficiency ratio improved to 57.1 percent from 59.2 percent.

Market data put U.S. Bancorp's market capitalization at USD 89.4 billion on October 1, 2026. The NYSE share last stood at USD 57.36 at 4:00 p.m. ET on that date, within a USD 45.02 to USD 66.08 52-week range and 13.20 percent below the high. Stockanalysis identifies the company as NYSE: USB and assigns ISIN US9029733048.

October earnings date is set

Barchart says U.S. Bancorp is scheduled to report third-quarter 2026 results before the market opens on October 15, 2026. Analysts cited by Barchart expect diluted earnings per share of USD 1.33, up 9.00 percent from USD 1.22 in the year-ago quarter.

For investors, the central test is whether the next report can extend the second-quarter combination of wider margins and fee growth while reducing reliance on acquisition-related gains. The Truist target cut adds a more cautious valuation signal to an earnings picture that still shows double-digit growth.

USB prior close in euros

U.S. Bancorp stock had a prior close of EUR 51.03 at Lang & Schwarz on October 1, 2026. Its NYSE quote and the Lang & Schwarz euro reference are separate venue and currency observations.