U.S. Bancorp’s Lagging Stock Puts Onus on Investor Day
- Minneapolis-based bank holds first event in five years
- USB’s stock is the worst performer among S&P 500 banks in 2024
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As U.S. Bancorp holds its first Investor Day in five years on Thursday, investors will be listening for clues about how one of the biggest US lenders can turn its lackluster stock around.
The Minneapolis-based company has been left out of the rally that has swept the broader banking sector this year — eking out only a 3.4% gain through Wednesday, the worst among its S&P 500 industry peers. The investor event is a chance for new executives to address the public, as well as for the lender to give an updated look into its financial targets.