|Bid||44.26 x 1000|
|Ask||44.50 x 1000|
|Day's range||44.06 - 44.39|
|52-week range||38.39 - 63.57|
|Beta (5Y monthly)||0.98|
|PE ratio (TTM)||10.56|
|Earnings date||18 Jan 2023|
|Forward dividend & yield||1.92 (4.35%)|
|Ex-dividend date||29 Sept 2022|
|1y target est||51.66|
U.S. Bancorp (USB) closed the most recent trading day at $44.26, moving +0.34% from the previous trading session.
In a filing last week, Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B), the massive conglomerate run by legendary investor Warren Buffett, reported that it had significantly trimmed its position in large regional lender U.S. Bancorp (NYSE: USB). Berkshire and Buffett first purchased shares of U.S. Bancorp in 2006 and held on to their stake during the brunt of the pandemic as they reduced and/or ended positions in other notable banks like JPMorgan Chase, Goldman Sachs, and M&T Bank. Berkshire had been trimming its position in U.S. Bancorp gradually for several quarters leading up to the big sale, but up until now, no one really knew that it was going to sell off a sizable piece like this.
Apart from strong fundamentals, the S&P 500 banks like Citi (C), Truist (TFC), U.S. Bancorp (USB), Huntington (HBAN) and Citizens Financial (CFG) have solid dividend yields, which will help income investors generate robust returns.