The analyst firm lowered its 2015 EPS estimates for the regional bank to $3.23 a share from its previous estimate of $3.25. Credit Suisse also lowered its 2016 EPS estimates for U.S. Bancorp to $3.55 a share from $3.60 a share.
"Incorporating an expectation that the bank's net interest margin now bottoms in 3Q15 (rather than 2Q15) and figuring on a less robust acceleration in revenue growth, into 2016, we are reducing both our near term estimates and our DCFderived target price," analyst Susan Roth Katzke wrote.
Katzke added, "We'd be willing to pay more for the stock, but not without better revenue growth across all of the bank's businesses."
Separately, TheStreet Ratings team rates U S BANCORP as a Buy with a ratings score of A. TheStreet Ratings Team has this to say about their recommendation:
"We rate U S BANCORP (USB) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, expanding profit margins, increase in net income and increase in stock price during the past year. We feel its strengths outweigh the fact that the company shows weak operating cash flow."
Highlights from the analysis by TheStreet Ratings Team goes as follows: