US Bancorp (USB) is close to its $49 target, and I am recommending sale in front of earnings later this week. It has been a mixed bag in earnings for financials so far this earnings season.
However, there are some doubts about banks earnings estimates this year, as interest margins have become less predictable with deposits declining, and credit still an uncertainty. Let’s lock in a winner with USB while this uncertainty sorts itself out.
Sell USB Stock at market price.