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published in Blogs
Apr 19, 2023

US Bancorp (USB, $35.18) earnings expectations on April 19th

This AI trading bot, found at Volume traders 4% stop (TA), was a high performer in our robot factory, generating 8% for USB over the course of the previous 6 months.

US Bancorp, one of the largest commercial banks in the United States, is set to announce its earnings forecast on Wednesday. While analysts and investors wait for the announcement, there is some interesting information that could provide insights into the bank's performance.

According to a trading bot called Volume Traders 4% Stop (TA), which was a high performer in their robot factory, US Bancorp has generated 8% returns over the past 6 months. This is a positive sign for investors as it indicates the bank's ability to generate consistent profits.

However, there is also some bearish news for the bank's stock. The 50-day moving average for US Bancorp fell below the 200-day moving average on April 03, 2023. This is a long-term bearish signal that indicates a downward trend in the stock. It suggests that investors may want to be cautious before investing in the bank's stock.

It is important to note that while these indicators provide some insight into the bank's performance, they are not guarantees. Investors should conduct their own research and analysis before making investment decisions.

US Bancorp has been navigating a challenging environment for banks in recent years, with low interest rates and increased competition from fintech companies. However, the bank has been able to maintain its position as one of the largest and most profitable banks in the US.

The bank has also been focused on digital transformation, investing in technology to improve its customer experience and streamline its operations. This is an important strategy for banks as they seek to stay competitive in a rapidly changing landscape.

US Bancorp's earnings forecast on Wednesday will be closely watched by analysts and investors. While the indicators suggest some potential challenges, the bank's strong performance over the past 6 months and its focus on digital transformation are positive signs for the future.

Related Ticker: USB

USB's MACD Histogram just turned positive

The Moving Average Convergence Divergence (MACD) for USB turned positive on February 16, 2024. Looking at past instances where USB's MACD turned positive, the stock continued to rise in of 50 cases over the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on March 04, 2024. You may want to consider a long position or call options on USB as a result. In of 101 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

USB moved above its 50-day moving average on March 04, 2024 date and that indicates a change from a downward trend to an upward trend.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where USB advanced for three days, in of 308 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The Stochastic Oscillator entered the overbought zone. Expect a price pull-back in the foreseeable future.

The 10-day moving average for USB crossed bearishly below the 50-day moving average on February 07, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 17 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where USB declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

USB broke above its upper Bollinger Band on March 04, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

The Aroon Indicator for USB entered a downward trend on February 15, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. USB’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.372) is normal, around the industry mean (1.009). P/E Ratio (13.058) is within average values for comparable stocks, (19.347). Projected Growth (PEG Ratio) (1.657) is also within normal values, averaging (2.468). Dividend Yield (0.045) settles around the average of (0.045) among similar stocks. P/S Ratio (2.352) is also within normal values, averaging (2.654).

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. USB’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 77, placing this stock worse than average.

Notable companies

The most notable companies in this group are US Bancorp (NYSE:USB), Itau Unibanco Holding SA (NYSE:ITUB), PNC Financial Services Group (NYSE:PNC), Banco Bradesco SA (NYSE:BBD), Deutsche Bank Aktiengesellschaft (NYSE:DB), Huntington Bancshares (NASDAQ:HBAN), Regions Financial Corp (NYSE:RF), KeyCorp (NYSE:KEY), Veritex Holdings (NASDAQ:VBTX).

Industry description

Regional banks have a smaller reach than major banks, and cater mostly to one region of a country, such as a state or within a group of states. They offer services often similar – albeit with some limitations/smaller scale – compared to major banks. Taking deposits, making loans, mortgages, leases, credit cards , fund management, insurance and investment banking. SunTrust Banks, State Street Corp., M&T Bank Corp. are some examples of U.S. regional banks.

Market Cap

The average market capitalization across the Regional Banks Industry is 5.71B. The market cap for tickers in the group ranges from 10.73K to 131.37B. HDB holds the highest valuation in this group at 131.37B. The lowest valued company is ACBCQ at 10.73K.

High and low price notable news

The average weekly price growth across all stocks in the Regional Banks Industry was 0%. For the same Industry, the average monthly price growth was -1%, and the average quarterly price growth was 7%. FSTF experienced the highest price growth at 238%, while NYCB experienced the biggest fall at -38%.

Volume

The average weekly volume growth across all stocks in the Regional Banks Industry was 70%. For the same stocks of the Industry, the average monthly volume growth was 18% and the average quarterly volume growth was 92%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 50
P/E Growth Rating: 64
Price Growth Rating: 52
SMR Rating: 38
Profit Risk Rating: 77
Seasonality Score: -33 (-100 ... +100)
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USBDaily Signal changed days agoGain/Loss if shorted
 
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A.I.Advisor
published price charts
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published General Information

General Information

a major bank

Industry RegionalBanks

Profile
Fundamentals
Details
Industry
Major Banks
Address
800 Nicollet Mall
Phone
+1 651 466-3000
Employees
75000
Web
https://www.usbank.com
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USB and

Correlation & Price change

A.I.dvisor indicates that over the last year, USB has been closely correlated with FITB. These tickers have moved in lockstep 87% of the time. This A.I.-generated data suggests there is a high statistical probability that if USB jumps, then FITB could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To USB
1D Price
Change %
USB100%
+3.09%
FITB - USB
87%
Closely correlated
+3.26%
CFG - USB
87%
Closely correlated
+0.95%
HBAN - USB
86%
Closely correlated
+3.17%
SNV - USB
84%
Closely correlated
+1.08%
RF - USB
83%
Closely correlated
+2.31%
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