U.S. Bancorp (USB) Soars 8.0%: Is Further Upside Left in the Stock?

U.S. Bancorp (USB) shares soared 8% in the last trading session to close at $39.30. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 12.4% loss over the past four weeks.U.S. Bancorp witnessed a strong price increase driven by President Donald Trump's unanticipated announcement on April 9, 2025, of a 90-day suspension of reciprocal tariffs for most trading partners, excluding China. The tariff pause eased immediate worries about escalating trade wars, fostering a more favorable economic outlook. The expectation of improved economic conditions bolstered investors’ confidence in banking stocks like USB.This company is expected to post quarterly earnings of $0.99 per share in its upcoming report, which represents a year-over-year change of +10%. Revenues are expected to be $6.92 billion, up 3.6% from the year-ago quarter.While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.For U.S. Bancorp, the consensus EPS estimate for the quarter has been revised 1.7% lower over the last 30 days to the current level. And a negative trend in earnings estimate revisions doesn't usually translate into price appreciation. So, make sure to keep an eye on USB going forward to see if this recent jump can turn into more strength down the road.The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>U.S. Bancorp belongs to the Zacks Banks - Major Regional industry. Another stock from the same industry, Northern Trust Corporation (NTRS), closed the last trading session 10.4% higher at $93.27. Over the past month, NTRS has returned -13.4%.For Northern Trust, the consensus EPS estimate for the upcoming report has changed -1.4% over the past month to $1.85. This represents a change of +8.8% from what the company reported a year ago. Northern Trust currently has a Zacks Rank of #3 (Hold).7 Best Stocks for the Next 30 DaysJust released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."Since 1988, the full list has beaten the market more than 2X over with an average gain of +23.9% per year. So be sure to give these hand picked 7 your immediate attention. See them now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report U.S. Bancorp (USB): Free Stock Analysis Report Northern Trust Corporation (NTRS): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks