Larger banks, particularly well-run companies like U.S. Bancorp (NYSE:USB),
haven't been at the top of most investors' buy lists recently. While
U.S. Bancorp shares are up about 10% from when I last wrote about the
company (after first quarter earnings), there seems to be a general
sense of “why bother?” on the Street, given weak loan demand, aggressive
pricing, and limited scope for earnings leverage. While U.S. Bancorp's
conservative ways will likely limit aggressive capital deployment and
the bank is pretty economically-sensitive, even near a 52-week high
these shares appear to offer solid long-term potential.
Read more here:
http://www.investopedia.com/stock-analysis/061313/challenging-conditions-and-conservatism-keeping-us-bancorp-bargain-territory-usb-fitb-sti-wfc.aspx
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