U.S. Bancorp Plunges 4.61% on J.P. Morgan Downgrade

On April 4, 2025, U.S. Bancorp's stock experienced a significant drop of 4.61% in pre-market trading, reflecting a notable shift in investor sentiment.

J.P. Morgan has downgraded U.S. Bancorp to Underweight from Neutral, citing several factors that weigh on the bank amid an uncertain macro environment. The investment firm has also lowered its price target for the stock to $43.50 from $51. This move comes as part of a broader adjustment in the bank sector estimates, reflecting concerns about the economic outlook.

Wolfe Research, on the other hand, has upgraded U.S. Bancorp to Outperform from Peer Perform, indicating a more optimistic view on the stock's valuation. This contrasting opinion highlights the mixed sentiments among analysts regarding the bank's future performance.