U.S. Bancorp Reiterated Second-Quarter Guidance. Is the Stock a Buy?
At a recent industry conference, U.S. Bancorp (NYSE: USB), the fifth-largest bank by assets in the U.S., reiterated its guidance for the second quarter of the year, which not all large regional banks have been able to do, given the difficult environment.
But the stock is still down nearly 25% this year, as investors soured on the name following the banking crisis, much like they did to most of the sector. After this positive guidance update, is U.S. Bancorp now a buy?
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Source Fool.com
