{"id":26481,"date":"2023-06-23T09:38:54","date_gmt":"2023-06-23T13:38:54","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/what-to-expect-from-u-s-bancorp-stock\/"},"modified":"2023-06-23T09:38:56","modified_gmt":"2023-06-23T13:38:56","slug":"what-to-expect-from-u-s-bancorp-stock","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=26481","title":{"rendered":"What To Expect From U.S. Bancorp Stock?"},"content":{"rendered":"
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U.S. Bancorp stock (NYSE: USB) currently trades around $33 per share, around 47% below its level of approximately $63 on January 15, 2022 (pre-inflation shock high), and has the potential for sizable gains. U.S. Bancorp
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\n <\/fbs-ticker> saw its stock trading at around $46 at the end of June 2022, just before the Fed started increasing rates and is still 27% below that level. In comparison, the S&P 500 gained about 15% during this period. Further, USB is down 17% since September 2022 end, as compared to the 22% gain in the S&P500 due to improvement in market sentiments. The stock price suffered in 2023 due to the fear of an economic crisis after the collapse of Silicon Valley Bank.<\/p>\n

Returning to the pre-inflation shock level means that USB stock will have to gain around 89% from here. However, we do not believe that will materialize anytime soon due to the tough macroeconomic conditions. Further, U.S. Bancorp\u2019s valuation<\/strong> estimate is $44 per share. Hence, the price of $44 is more likely achievable in the near term.<\/p>\n

Our detailed analysis of U.S. Bancorp\u2019s upside post-inflation shock<\/strong> captures trends in the company\u2019s stock during the turbulent market conditions seen over 2022 and compares these trends to the stock\u2019s performance during the 2008 recession.<\/p>\n

2022 Inflation Shock<\/strong><\/p>\n

Timeline of Inflation Shock So Far:<\/p>\n

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