OakChart

U.S. Bancorp

USBFinancial·Banks - Regional·USA·Large·NYSE·Nov 11 • 8:01 AM ET

60.49-0.26 (-0.43%)
2026-11-11 15:24 CET
Market cap
94,661.26 USD m
Revenue, TTM
- USD m
Net income, TTM
7,999.00 USD m
Free cash flow, TTM
12,799.00 USD m
EPS diluted, TTM
5.14
P/E
11.77
Compare

Price

USB against its 20, 50 and 200-day averages
2050200beat
55.0060.0065.0011.0M22.0MMay 26Jun 26Jul 26Aug 26Sep 26Oct 26Nov 26USBclose 60.4920-day 59.6850-day 59.58200-day 58.2560.49

8.5% under 66.08 on 17 Aug 2026. Last 15 sessions, 6.7% high to low

Profile

USB
52-week range, 73% of the way up
45.0266.07

U.S. Bancorp operates as a bank holding company, which offers financial services including lending and depository services, cash management, capital markets, and trust and investment management services. It also offers mortgage, auto and recreational vehicle loans, credit lines, credit card services, merchant and ATM processing, mortgage banking, insurance, brokerage and leasing services. The company was founded on April 2, 1929, and is headquartered in Minneapolis, MN.

IndexS&P 500, RUI
Employees68520
IPOMay 03, 1973
Beta1.02
ATR, 14d1.31
Rel volume0.00
Short float1.65%
Insider own0.21%
Inst own84.44%

Snapshot

6 groups

Valuation

IndexS&P 500, RUI
Market Cap94.26B
Enterprise Value-
Income8.00B
Sales43.54B
Book/sh38.26
Cash/sh-
Dividend Est.2.12 (3.50%)
Dividend TTM2.10 (3.47%)
Dividend Ex-DateSep 30, 2026
Dividend Gr. 3/5Y2.76% 3.96%
Payout44.18%
Employees68520
IPOMay 03, 1973

Ratios

P/E11.77
Forward P/E10.31
PEG0.87
P/S2.16
P/B1.58
P/C-
P/FCF7.36
EV/EBITDA-
EV/Sales-
Quick Ratio-
Current Ratio0.49
Debt/Eq1.10
LT Debt/Eq0.78
Option/ShortYes / Yes

Earnings

EPS (ttm)5.14
EPS next Y5.86
EPS next Q1.41
EPS this Y14.44%
EPS next Y10.91%
EPS next 5Y11.83%
EPS past 3/5Y7.74% 8.57%
Sales past 3/5Y15.50% 13.15%
EPS Y/Y TTM17.72%
Sales Y/Y TTM0.85%
EPS Q/Q10.53%
Sales Q/Q0.28%
EarningsOct 15 BMO
EPS/Sales Surpr.1.59% -0.33%

Ownership

Insider Own0.21%
Insider Trans-2.59%
Inst Own84.44%
Inst Trans-0.66%
ROA1.19%
ROE12.82%
ROIC7.02%
Gross Margin-
Oper. Margin24.57%
Profit Margin18.37%
SMA201.35%
SMA501.52%
SMA2003.84%
Trades-

Technical

Shs Outstand1.56B
Shs Float1.55B
Short Float1.65%
Short Ratio3.52
Short Interest25.71M
52W High66.07 -8.45%
52W Low45.02 34.36%
Volatility2.97% 2.13%
ATR (14)1.31
RSI (14)54.58
Beta1.02
Rel Volume0.00
Avg Volume7.31M
Volume245

Performance

Perf Week-0.88%
Perf Month6.33%
Perf Quarter-7.18%
Perf Half Y14.69%
Perf YTD13.36%
Perf Year27.03%
Perf 3Y76.87%
Perf 5Y-0.48%
Perf 10Y26.28%
Recom1.85
Target Price68.66
Prev Close60.75
Price60.49
Change %-0.43%

Analyst ratings

latest 10 of 20
DateActionAnalystRating changeTargetImplied
Oct 27, 2026ResumedWWolfe ResearchPeer Perform
Oct 08, 2026ResumedTTD CowenBuy$70+15.7%
Sep 28, 2026ResumedHHSBC SecuritiesBuy$76+25.6%
Jul 20, 2026UpgradeJJP MorganUnderweight → Neutral$67.50+11.6%
Jul 20, 2026UpgradeEEvercore ISIIn-line → Outperform$72+19.0%
Jul 08, 2026ResumedRRaymond JamesStrong Buy$72+19.0%
Jul 06, 2026UpgradeJJefferiesHold → Buy$75+24.0%
Jun 15, 2026ResumedSStephensEqual-Weight
Mar 26, 2026InitiatedJJefferiesHold$55-9.1%
Feb 26, 2026UpgradeTTruistHold → Buy$66+9.1%

Peers

Mkt cap
TickerCompanyMkt cap
PNCPNC Financial Services Group Inc91.53B
TFCTruist Financial Corp60.19B
FITBFifth Third Bancorp49.01B
HBANHuntington Bancshares Inc32.00B
MTBM & T Bank Corp31.64B
RFRegions Financial Corp24.51B
CFGCitizens Financial Group Inc27.17B
KEYKeycorp22.63B
BACBank Of America Corp351.08B
JPMJPMorgan Chase & Co908.22B

Insider trading

latest 14 of 17
InsiderRelationshipDateTransactionCostSharesValueTotal heldForm
Kedia GunjanPresident & CEOAug 28 '26Option Exercise55.0127,2671,499,958453,529Aug 31 04:20 PM
Kedia GunjanPresident & CEOAug 28 '26Sale62.3727,2671,700,670426,262Aug 31 04:20 PM
Kedia GunjanOfficerAug 28 '26Proposed Sale62.3727,2671,700,678Aug 28 02:28 PM
CHOSY JAMES LSenior EVP and General CounselJul 23 '26Option Exercise55.0124,7111,359,352275,652Jul 24 04:34 PM
CHOSY JAMES LSenior EVP and General CounselJul 23 '26Sale63.2822,9681,453,415252,684Jul 24 04:34 PM
CHOSY JAMES LOfficerJul 23 '26Proposed Sale63.2822,9681,453,415Jul 23 03:20 PM
Philipson Stephen LVice ChairJul 20 '26Sale63.0836,9062,327,92074,969Jul 22 05:22 PM
Philipson Stephen LOfficerJul 20 '26Proposed Sale63.0836,9062,327,902Jul 20 02:47 PM
Dilip VenkatachariSEVP & Chief Info & Tech OffMay 05 '26Sale55.5234,5221,916,66151,292May 06 04:31 PM
Dilip VenkatachariOfficerMay 05 '26Proposed Sale55.5234,5221,916,661May 05 10:36 AM
Richard Jodi LVice ChairApr 21 '26Sale57.0040,0002,280,040207,251Apr 22 04:34 PM
Richard Jodi LOfficerApr 21 '26Proposed Sale57.0040,0002,280,059Apr 21 12:55 PM
Runkel Mark G.Vice ChairFeb 06 '26Option Exercise55.0115,339843,798129,923Feb 09 04:39 PM
Runkel Mark G.Vice ChairFeb 06 '26Sale60.6532,1951,952,56297,728Feb 09 04:39 PM

Held by

AUM
TickerCompanyAUM
VTIVanguard Morningstar Total Stock Market ETFAUM: 687.42B
VOOVanguard S&P 500 ETFAUM: 1054.75B
IVViShares Core S&P 500 ETFAUM: 871.38B
SPYSPDR S&P 500 ETF TrustAUM: 793.23B
VTVVanguard Morningstar Value ETFAUM: 196.23B
XLFState Street Financial Select Sector SPDR ETFAUM: 54.05B
RDVYFirst Trust Rising Dividend Achievers ETFAUM: 25.61B
VYMVanguard High Dividend Yield Indx ETFAUM: 83.15B
DVYiShares Select Dividend ETFAUM: 23.68B
KBWBInvesco KBW Bank ETFAUM: 6.81B

News

latest 14 of 206
  • U.S. Bancorp to speak at the BancAnalysts Association of Boston Conference (Business Wire)
  • Healthcare digital payment adoption outpaces revenue cycle performance, Elavon survey finds (Business Wire)
  • Expanding Lending with AI: Pagaya CEO & Co-Founder Gal Krubiner, Live from Money 20/20 2026 (Exec Edge)
  • U.S. Bancorp Reports 10% Rise in Q3 Net Income to $2.2 Billion as Earnings Beat Forecasts (InvestorsHub)
  • U.S. Bancorp beats earnings despite revenue miss (Investing.com)
  • Loading…
  • Bank Stock Facing Chart Pressure Before Earnings (Schaeffer's Research)
  • Better Dividend Stock: U.S. Bancorp vs. Truist (TIKR)
  • U.S. Bancorp Announces Third Quarter Earnings Conference Call Details (Business Wire)
  • FINRA Bars Former LPL Rep For Taking $1.7M From Clients (Wealth Management)
  • Elavon earns TSG's 2026 Best B2B API Award for Innovative Payment Gateway (Business Wire)
  • Coinbase, Citi Team Up to Bring Stablecoin Payments to Businesses (CryptoProwl)
  • Citi Is Rolling Out Higher Rates in New Push for Clients' Assets (Barrons.com)
  • Gen Z Is Getting an Early Start on Investing. Here's How Early. (Barrons.com)

Quarterly earnings

actual against estimate
PeriodReportedEPS actEPS estEPS repSales actSales estAnalysts
2026Q32026-10-151.3401.3191.3407,9707,99621
2026Q22026-07-161.3501.2771.3497,7127,57719
2026Q12026-04-161.1801.1431.1847,2887,28118
2025Q42026-01-201.2601.1891.2637,3627,31621
2025Q32025-10-161.2201.1251.2167,3367,16720
2025Q22025-07-171.1101.0681.1127,0617,04720
2025Q12025-04-161.0300.9791.0286,9586,90919
2024Q42025-01-161.0101.0521.0147,0107,00219
2024Q32024-10-161.0300.9891.0266,9836,90019
2024Q22024-07-170.9700.9460.9726,9036,81020
2024Q12024-04-170.7800.8370.7766,7156,71221
2023Q42024-01-170.4900.6830.4926,8786,85320
2023Q32023-10-180.9100.9610.9127,0327,01722
2023Q22023-07-190.8401.0380.8367,1757,17223
2023Q12023-04-191.0401.0941.0397,1757,14223
2022Q42023-01-250.5701.1200.5686,3686,62413

Annual earnings

PeriodEPS actEPS estEPS repSales actSales est
2018FY4.1404.1004.14222,63722,499
2019FY4.1604.3344.15922,98623,077
2020FY3.0603.0603.06023,32523,321
2021FY5.1005.1375.10422,82722,838
2022FY3.6904.3523.69224,30224,490
2023FY3.2703.5293.27428,14428,216
2024FY3.7903.8423.78527,45527,462
2025FY4.6204.5494.62028,65628,598
2026FY-5.287--31,060
2027FY-5.864--33,341
2028FY-6.461--35,056
2029FY-5.530---

Estimate revisions

last 14 periods
PeriodTypeDateEstimatesUpDownMeanLowHigh
2026Q4S2026-10-3017438,0758,0288,151
2026Q4S2026-10-2917428,0808,0288,151
2026Q4S2026-10-2816428,0778,0288,151
2026Q4S2026-10-1616428,0768,0288,151
2026Q4S2026-10-1517428,0737,9688,149
2026Q4S2026-10-1417208,0737,9688,155
2026Q4S2026-10-0617208,0737,9688,155
2026Q4S2026-10-0316208,0737,9688,155
2026Q4S2026-10-0216308,0737,9688,155
2026Q4S2026-09-3016308,0697,9688,155
2026Q4S2026-09-2916408,0747,9688,155
2026Q4S2026-09-28161308,0697,9688,149
2026Q4S2026-09-23161308,0667,9638,149
2026Q4S2026-09-22161208,0647,9448,149

Estimate history

EPS, annual3.5134.1424.1593.065.1043.6923.2743.7854.6185.1398
Period201720182019202020212022202320242025TTM
EPS, quarterly1.0261.0141.0281.1121.2161.2631.1841.3491.344
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Sales, annual23167255832615422765217842740240029424024222643541
Period201720182019202020212022202320242025TTM
Sales, quarterly104651075210471108081114310846106151090611174
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Shares, annual1655.6461608.3351534.1551507.1081483.5021530.9781557.9931559.7961555.3981558.185
Period201720182019202020212022202320242025MRQ
Shares, quarterly1560.7221559.7961560.2941558.2161556.3561555.3981554.5861557.811558.185
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26

Income statement, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY
Interest Income31,133.0030,970.0031,666.0030,007.0017,945.0013,487.0014,840.0017,494.0016,173.00
Total Interest Expense13,757.0014,321.0015,377.0012,611.003,217.00993.002,015.004,442.003,254.00
Net Interest Income17,376.0016,649.0016,289.0017,396.0014,728.0012,494.0012,825.0013,052.0012,919.00
Loan Loss Provision2,345.002,186.002,238.002,275.001,977.00-1,173.003,806.001,504.001,379.00
Net Interest Income After Loan Loss Provision15,031.0014,463.0014,051.0015,121.0012,751.0013,667.009,019.0011,548.0011,540.00
Non-Interest Income12,408.0011,256.0010,736.0010,022.009,457.008,297.007,925.008,660.009,410.00
Non-Interest Expense16,742.0016,202.0016,723.0017,305.0015,100.0012,686.0011,155.0011,246.0012,071.00
Operating Income10,697.009,517.008,064.007,838.007,108.009,278.005,789.008,962.008,879.00
Unusual Expense0.000.00155.001,009.00329.000.000.000.000.00
Net Income Before Taxes10,473.009,517.007,909.006,865.007,301.0010,166.006,051.008,594.008,678.00
Income Taxes2,081.001,921.001,580.001,407.001,463.002,181.001,066.001,648.001,554.00
Consolidated Net Income8,341.007,549.006,291.005,430.005,810.007,947.004,964.006,917.007,094.00
Net Income From Continuing Operations8,318.007,523.006,261.005,401.005,797.007,925.004,938.006,885.007,066.00
Net Income7,999.007,194.005,909.005,051.005,501.007,605.004,621.006,583.006,784.00
EPS (Recurring)5.134.623.853.733.855.103.064.164.14
EPS (Basic, Before Extraordinaries)5.144.623.793.273.695.113.064.164.15
EPS (Diluted)5.144.623.793.273.695.103.064.164.14
Non-Operating Income (Expense)0.000.000.000.000.000.000.000.000.00
Other After Tax Adjustments-51.00-47.00-38.00-28.00-28.00-38.00-21.00-29.00-30.00
Stock Option Compensation Expense166.73177.00173.00167.00152.00155.00142.00133.00130.00
Price To Earnings Ratio11.8211.8214.6512.9010.4011.0115.2314.2711.03
Price To Sales Ratio2.071.971.761.672.373.843.093.592.93
Operating Margin24.5722.5419.0219.5825.9442.5925.4334.2734.71
Net Margin18.3717.0413.9412.6220.0834.9120.3025.1726.52
Shares Outstanding1,558.191,555.401,559.801,557.991,530.981,483.501,507.111,534.161,608.33
Market Capitalization94,661.2694,661.2674,616.2367,387.3964,796.6183,288.8870,185.0492,602.6873,855.31

Income statement, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q22025Q12024Q4
Interest Income7,774.007,598.007,838.007,923.007,927.007,604.007,516.007,831.00
Total Interest Expense3,306.003,237.003,575.003,639.003,705.003,553.003,424.003,685.00
Net Interest Income4,468.004,361.004,263.004,284.004,222.004,051.004,092.004,146.00
Loan Loss Provision654.00538.00576.00577.00571.00501.00537.00560.00
Net Interest Income After Loan Loss Provision3,814.003,823.003,687.003,707.003,651.003,550.003,555.003,586.00
Non-Interest Income3,400.003,308.002,777.002,923.003,216.003,204.002,955.002,921.00
Non-Interest Expense4,413.004,187.004,045.004,097.003,989.004,090.003,999.004,399.00
Operating Income2,801.002,944.002,419.002,533.002,878.002,664.002,511.002,108.00
Unusual Expense0.000.000.000.000.000.000.000.00
Net Income Before Taxes2,801.002,720.002,419.002,533.002,532.002,293.002,159.002,108.00
Income Taxes593.00537.00469.00482.00524.00472.00443.00438.00
Consolidated Net Income2,194.002,170.001,939.002,038.001,997.001,809.001,705.001,660.00
Net Income From Continuing Operations2,188.002,164.001,934.002,032.001,990.001,803.001,698.001,653.00
Net Income2,095.002,098.001,841.001,965.001,893.001,733.001,603.001,581.00
EPS (Recurring)1.341.351.181.261.221.111.031.01
EPS (Basic, Before Extraordinaries)1.341.351.181.261.221.111.031.01
EPS (Diluted)1.341.351.181.261.221.111.031.01
Non-Operating Income (Expense)0.000.000.000.000.000.000.000.00
Other After Tax Adjustments-14.00-13.00-11.00-13.00-11.00-12.00-11.00-10.00
Stock Option Compensation Expense49.7757.6741.0818.2133.1837.1388.4815.79
Price To Earnings Ratio11.8212.6511.2612.2111.5711.2011.1514.65
Price To Sales Ratio2.072.161.861.921.741.661.551.76
Operating Margin25.0726.9922.7923.3525.8324.6523.9819.61
Net Margin18.7519.2417.3418.1216.9916.0315.3114.70
Shares Outstanding1,558.191,557.811,554.591,555.401,556.361,558.221,560.291,559.80
Market Capitalization94,661.2693,758.9280,807.9482,944.3875,210.6670,500.8665,779.1874,616.23

Balance sheet, annual

Currency USD, millions
Metric2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY
Cash & Due from Banks46,890.0056,502.0061,192.0053,542.0028,905.0062,580.0022,405.0021,453.0019,505.00
Investments178,823.00181,639.00166,131.00170,577.00188,663.00152,718.00135,463.00121,069.00122,144.00
Net Loans383,730.00372,249.00366,456.00381,277.00306,304.00290,393.00292,082.00282,837.00276,507.00
Investment in Unconsolidated Affiliates0.000.000.000.000.000.000.000.000.00
Customer Liability on Acceptances0.000.000.000.000.000.000.000.000.00
Real Estate Assets24.0021.0026.0023.0022.0024.0078.00111.00162.00
Net Property, Plant & Equipment3,768.003,565.003,623.003,858.003,305.003,468.003,702.002,457.002,432.00
Interest Receivables0.000.000.000.000.000.000.000.000.00
Other Intangible Assets79,110.0064,342.0066,063.0065,528.0046,085.0044,722.0041,696.0039,447.0041,290.00
Total Assets692,345.00678,318.00663,491.00674,805.00573,284.00553,905.00495,426.00467,374.00462,040.00
Total Deposits522,216.00518,309.00512,312.00524,976.00456,083.00429,770.00361,916.00345,475.00347,215.00
Total Debt79,345.0073,520.0068,165.0072,545.0045,091.0054,297.0065,232.0055,479.0048,910.00
Long Term Debt46,455.0058,002.0045,846.0036,106.0028,817.0034,975.0037,441.0033,260.0032,259.00
Provision for Risks Charges5,761.005,032.003,619.002,416.001,890.002,334.002,938.002,778.002,770.00
Other Liabilities19,372.0022,417.0023,624.0023,636.0014,833.0013,779.0012,857.0011,985.0013,479.00
Total Liabilities626,694.00619,278.00607,720.00623,573.00517,897.00500,180.00442,943.00415,717.00412,374.00
Preferred Stock - Carrying Value6,808.006,808.006,808.006,808.006,371.005,983.005,984.005,984.005,419.00
Common Equity58,385.0051,770.0048,498.0043,958.0048,547.0047,112.0045,869.0045,045.0043,621.00
Total Shareholders Equity65,193.0058,578.0055,306.0050,766.0054,918.0053,095.0051,853.0051,029.0049,040.00
Accumulated Minority Interest458.00462.00465.00466.00469.00630.00630.00628.00626.00
Total Equity65,651.0059,040.0055,771.0051,232.0055,387.0053,725.0052,483.0051,657.0049,666.00
Total Liabilities & Stockholders Equity692,345.00678,318.00663,491.00674,805.00573,284.00553,905.00495,426.00467,374.00462,040.00
Book Value Per Share37.5433.1931.1328.7132.7231.2629.9028.0126.35
Tangible Book Value Per Share28.2923.7621.3718.4125.2824.2523.1621.8120.30
Tier 1 Capital58,917.0055,129.0052,199.0048,813.0048,516.0044,474.0041,721.0040,741.0039,806.00
Tier 2 Capital9,170.009,246.009,722.0010,202.007,734.008,128.008,023.004,395.004,671.00
Full-Time Employees68,52070,26375,46578,19268,79668,10869,65173,33372,402
Price to Book Ratio1.591.431.461.591.721.491.981.632.06
Return on Assets1.100.930.810.931.410.941.431.521.36
Return on Equity12.1611.0010.1810.9714.679.4113.3814.1212.85
Return on Invested Capital6.745.375.346.679.465.617.718.387.61
Current Ratio0.140.210.180.160.110.220.090.090.09

Cash flow, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY
Funds from Operations11,433.0010,278.009,198.008,598.0014,329.007,442.004,774.004,431.00-21,176.00
Extraordinary Item0.000.000.000.000.000.000.000.000.00
Changes in Working Capital1,366.00-2,308.002,152.00-151.006,790.002,428.00-1,058.00458.001,010.00
Cash from Operating Activities12,799.007,970.0011,350.008,447.0021,119.009,870.003,716.004,889.00-20,166.00
Capital Expenditures0.000.000.000.000.000.000.000.000.00
Net Assets From Acquisitions-247.00-36.00-103.00-330.000.00-167.000.000.000.00
Sale of Fixed Assets and Businesses0.000.000.000.0012,257.000.000.000.000.00
Purchase or Sale of Investments10,961.00-4,763.00-14,699.0012,009.0025,646.00-41,748.00-11,782.00-9,488.00-440.00
Purchase of Investments-29,460.00-25,802.00-39,991.00-11,678.00-31,683.00-100,133.00-68,662.00-41,331.00-19,870.00
Sale Or Maturity of Investments40,421.0021,039.0025,292.0023,687.0057,329.0058,385.0056,880.0031,843.0019,430.00
Other Uses-2,660.00-2,961.00-1,835.00-1,184.00-5,392.00--636.00-1,295.00-471.00
Other Sources-0.000.000.000.003.000.000.00-
Cash from Investing Activities-26,071.00-20,538.00-24,534.0018,925.007,500.00-57,654.00-15,440.00-21,560.0021,753.00
Cash Dividends Paid-3,578.00-3,502.00-3,448.00-3,311.00-3,075.00-2,887.00-2,852.00-2,745.00-2,366.00
Change in Capital Stock-548.00-444.00-141.00889.00-711.00-541.00-1,171.00-4,437.00-2,171.00
Repurchase of Common Pref Stock-600.00-489.00-173.00-62.00-1,169.00-2,805.00-1,672.00-4,525.00-2,822.00
Sale of Common Pref Stock52.0045.0032.00951.00458.002,264.00501.0088.00651.00
Proceedsfrom Stock Options52.0045.0032.00951.00458.002,264.00501.0088.00651.00
Issuance or Reduction of Debt, Net-5,307.002,952.006,214.00-5,009.0017,019.00-8,776.00-11,932.008,364.006,638.00
Change in Long Term Debt-10,675.001,308.005,975.0011,499.001,806.00-8,806.0025.00-1,220.009,150.00
Issuance of Long Term Debt10,322.0010,360.0012,017.0015,583.008,732.002,626.0014,501.009,899.0012,078.00
Reduction of Long Term Debt-20,997.00-9,052.00-6,042.00-4,084.00-6,926.00-11,432.00-14,476.00-11,119.00-2,928.00
Net Financing Active Other Cash Flow-52.00-86.00-55.000.000.000.000.000.000.00
Other Financing Activities Uses-52.00-86.00-55.00------
Cash from Financing Activities-4,339.002,250.008,821.00-19,722.00-3,982.0014,109.0051,899.0017,623.00361.00
Exchange Rate Effect-706.00-327.00------
Net Change in Cash-17,114.00-9,612.00-4,690.007,650.0024,637.00-33,675.0040,175.00952.001,948.00
Free Cash Flow12,799.007,970.0011,350.008,447.0021,119.009,870.003,716.004,889.00-20,166.00
Preferred Dividends (Cash Flow)--334.00-356.00-341.00-299.00-308.00-300.00-302.00-274.00
Price to Free Cash Flow9.7718.619.4513.003.6011.9981.4243.78-
Federal Home Loan Advances Increase (Decrease)-0.000.000.000.000.000.000.000.00

Balance sheet, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q2
Cash & Due from Banks49,523.0066,491.0048,420.0046,890.0066,637.0057,807.00
Investments165,746.00175,961.00181,238.00178,823.00177,727.00190,122.00
Net Loans407,432.00402,655.00392,150.00383,730.00374,960.00372,706.00
Investment in Unconsolidated Affiliates0.000.000.000.000.000.00
Net Property, Plant & Equipment3,894.003,847.003,819.003,768.003,695.003,625.00
Interest Receivables0.000.000.000.000.000.00
Other Intangible Assets76,350.0076,940.0075,349.0079,110.0072,315.0062,089.00
Total Assets702,966.00725,918.00700,998.00692,345.00695,357.00686,370.00
Total Deposits531,705.00532,066.00528,178.00522,216.00526,149.00518,717.00
Total Debt73,040.0096,008.0079,220.0079,345.0077,984.0079,052.00
Long Term Debt51,996.0058,671.0061,361.0046,455.0062,535.0064,013.00
Provision for Risks Charges5,513.005,630.005,978.005,761.005,954.005,532.00
Other Liabilities25,820.0024,319.0021,375.0019,372.0021,472.0021,173.00
Total Liabilities636,078.00658,023.00634,751.00626,694.00631,559.00624,474.00
Preferred Stock - Carrying Value6,808.006,808.006,808.006,808.006,808.006,808.00
Common Equity59,617.0060,624.0058,978.0058,385.0056,532.0054,630.00
Total Shareholders Equity66,425.0067,432.0065,786.0065,193.0063,340.0061,438.00
Accumulated Minority Interest463.00463.00461.00458.00458.00458.00
Total Equity66,888.0067,895.0066,247.0065,651.0063,798.0061,896.00
Total Liabilities & Stockholders Equity702,966.00725,918.00700,998.00692,345.00695,357.00686,370.00
Book Value Per Share38.2638.9237.9437.5436.3235.06
Tangible Book Value Per Share28.5629.2528.7628.2927.0125.68
Tier 1 Capital-60,802.0059,899.0058,917.0057,839.0056,630.00
Tier 2 Capital-10,627.009,264.009,170.008,981.009,122.00
Full-Time Employees---68,520--
Price to Book Ratio1.591.591.391.471.381.32
Return on Assets1.191.151.131.101.031.00
Return on Equity12.8212.6012.3312.1611.6911.64
Return on Invested Capital1.851.721.521.821.581.44
Current Ratio0.490.560.500.140.650.69

Cash flow, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q2
Funds from Operations3,698.002,768.002,290.002,677.002,708.001,984.00
Extraordinary Item0.000.000.000.000.000.00
Changes in Working Capital105.002,052.00-950.00159.00680.0047.00
Cash from Operating Activities3,803.004,820.001,340.002,836.003,388.002,031.00
Capital Expenditures0.000.000.000.000.000.00
Net Assets From Acquisitions0.00-246.000.00-1.00-35.000.00
Sale of Fixed Assets and Businesses0.000.000.000.000.000.00
Purchase or Sale of Investments7,855.006,351.004,029.00-7,274.003,650.00-1,316.00
Purchase of Investments-4,284.00-4,753.00-8,522.00-11,901.00-1,803.00-8,537.00
Sale Or Maturity of Investments12,139.0011,104.0012,551.004,627.005,453.007,221.00
Other Uses476.00-1,170.00-959.00-1,007.00-521.00-799.00
Other Sources--0.000.00--
Cash from Investing Activities2,507.00-6,377.00-5,351.00-16,850.00230.00-1,370.00
Cash Dividends Paid-880.00-904.00-884.00-910.00-853.00-880.00
Preferred Dividends (Cash Flow)-66.00-92.00-68.00-97.00-69.00-96.00
Change in Capital Stock19.00-198.00-260.00-109.00-91.00-100.00
Repurchase of Common Pref Stock-1.00-201.00-276.00-122.00-101.00-106.00
Sale of Common Pref Stock20.003.0016.0013.0010.006.00
Proceedsfrom Stock Options20.003.0016.0013.0010.006.00
Issuance or Reduction of Debt, Net-22,035.0016,865.00761.00-898.00-1,248.001,969.00
Change in Long Term Debt-5,742.00-2,386.0064.00-2,611.00-1,658.004,088.00
Issuance of Long Term Debt2,867.004,097.003,289.0069.00964.005,737.00
Reduction of Long Term Debt-8,609.00-6,483.00-3,225.00-2,680.00-2,622.00-1,649.00
Net Financing Active Other Cash Flow-9.00-11.00-14.00-18.00-21.00-47.00
Other Financing Activities Uses-9.00-11.00-14.00-18.00-21.00-
Cash from Financing Activities-23,268.0019,695.005,673.00-6,439.005,212.007,133.00
Exchange Rate Effect-10.00-67.00-132.00---
Net Change in Cash-16,968.0018,071.001,530.00-19,747.008,830.007,794.00
Free Cash Flow3,803.004,820.001,340.002,836.003,388.002,031.00
Price to Free Cash Flow9.7710.6313.3318.5811.7217.57

Revenue breakdown

United States2024: 27.46B 2025: 28.66B
Consolidation, Policy2024: -953.00M 2025: 293.00M
Consumer and Business Banking2024: 9.23B 2025: 8.87B
Payment Services2024: 7.03B 2025: 7.41B
Wealth Corporate Commercial And Institutional Banking2024: 12.15B 2025: 12.08B

Short interest

shares short against float, oldest to newest
SettlementOf floatShares shortFloatAvg volume
2026-10-301.65%25.7M1555.0M7.30M
2026-10-151.66%25.7M1554.8M7.60M
2026-09-301.67%26.0M1554.8M7.43M
2026-09-151.54%24.0M1554.6M7.75M
2026-08-311.61%25.1M1554.5M8.22M
2026-08-141.63%25.3M1554.6M8.38M
2026-07-311.72%26.7M1554.5M8.90M
2026-07-151.59%24.8M1554.2M8.85M
2026-06-301.52%23.7M1554.2M9.24M
2026-06-151.76%27.3M1547.0M9.21M
2026-05-291.64%25.4M1548.8M9.46M
2026-05-151.46%22.6M1548.8M9.76M
2026-04-301.69%26.2M1548.7M10.34M
2026-04-151.53%23.7M1548.6M10.99M
2026-03-311.71%26.4M1549.8M11.40M
2026-03-131.58%24.5M1549.8M10.81M
2026-02-271.63%25.2M1549.8M10.44M
2026-02-131.78%27.6M1549.8M10.29M
2026-01-301.82%28.2M1550.9M9.36M
2026-01-151.46%22.7M1550.9M9.12M

Option chain

expiry 2026-11-13
TypeStrikeBidAskLastIVOpen intVolumeDeltaThetaVega
call35.000.000.0025.78-8.000.00---
call40.000.000.0020.75-3.000.00---
call44.000.000.0016.78-3.000.00---
call45.000.000.0015.78-6.000.00---
call46.000.000.0014.79-5.000.00---
call47.000.000.0013.80-4.000.00---
call48.000.000.0012.80-10.000.00---
call49.000.000.0011.83-12.000.00---
call50.000.000.0010.83-5.000.00---
call51.000.000.009.74-6.000.00---
call52.000.000.008.68-5.000.00---
call53.000.000.007.69-10.000.00---
call54.000.000.006.72-5.000.00---
call55.000.000.005.79-4.000.00---
call56.000.000.004.70-11.000.00---
call57.000.000.003.72-11.000.00---
call58.000.000.002.11-43.000.00---
call59.000.000.001.35-1040.00---
call60.000.000.001.22-4020.00---
call61.000.000.000.39-8130.00---
call62.000.000.000.19-4900.00---
call63.000.000.000.07-2280.00---
call64.000.000.000.01-2290.00---
call65.000.000.000.02-50.000.00---
call66.000.000.000.13-16.000.00---
call67.000.000.000.06-0.000.00---
call68.000.000.000.00-0.000.00---
call69.000.000.000.00-0.000.00---
call70.000.000.000.00-0.000.00---
call71.000.000.000.00-0.000.00---
call72.000.000.000.00-0.000.00---
call73.000.000.000.00-0.000.00---
call75.000.000.000.00-0.000.00---
put35.000.000.000.00-0.000.00---
put40.000.000.000.00-0.000.00---
put44.000.000.000.00-0.000.00---
put45.000.000.000.00-0.000.00---
put46.000.000.000.10-2.000.00---
put47.000.000.000.00-0.000.00---
put48.000.000.000.12-1.000.00---
put49.000.000.000.15-10.000.00---
put50.000.000.000.49-16.000.00---
put51.000.000.000.03-9.000.00---
put52.000.000.000.04-27.000.00---
put53.000.000.000.03-35.000.00---
put54.000.000.000.07-1580.00---
put55.000.000.000.12-1720.00---
put56.000.000.000.15-1,6500.00---
put57.000.000.000.05-73.000.00---
put58.000.000.000.07-1320.00---
put59.000.000.000.14-1,2140.00---
put60.000.000.000.32-9040.00---
put61.000.000.000.75-44.000.00---
put62.000.000.000.00-0.000.00---
put63.000.000.001.60-0.000.00---
put64.000.000.004.55-1.000.00---
put65.000.000.000.00-0.000.00---
put66.000.000.004.75-0.000.00---
put67.000.000.006.27-3.000.00---
put68.000.000.007.20-3.000.00---
put69.000.000.007.74-0.000.00---
put70.000.000.0010.48-0.000.00---
put71.000.000.009.70-0.000.00---
put72.000.000.0011.71-1.000.00---
put73.000.000.0012.22-3.000.00---
put75.000.000.0014.20-2.000.00---

Latest SEC filings

30
FiledFormDescriptionPeriodLink
2026-11-10424B3SEC
2026-11-10424B3SEC
2026-11-10424B3SEC
2026-11-10424B3SEC
2026-11-06424B2SEC
2026-11-06424B2SEC
2026-11-06424B2SEC
2026-11-06424B3SEC
2026-11-06424B2SEC
2026-11-06424B3SEC
2026-11-06424B3SEC
2026-11-068-KCurrent report2026-11-06SEC
2026-11-058-KCurrent report2026-11-05SEC
2026-11-0513F-HRFurther understand that each of 13F-HR, 13F-NT, and amendments thereto are mandatory electronic filings (hardship exemption exists to submit in paper; never used to the knowledge of IM staff);2026-09-30SEC
2026-11-0510-QQuarterly report pursuant to Section 13 or 15(d)2026-09-30SEC
2026-11-03424B2SEC
2026-11-02424B2SEC
2026-11-02424B2SEC
2026-11-02424B2SEC
2026-11-02424B2SEC
2026-11-023Initial statement of beneficial ownership of securities2026-10-28SEC
2026-11-02FWPFiling under Securities Act Rule 163/433 of free writing prospectuses.SEC
2026-11-02424B3SEC
2026-10-308-KCurrent report2026-10-29SEC
2026-10-29424B3SEC
2026-10-29424B3SEC
2026-10-29424B3SEC
2026-10-29424B3SEC
2026-10-29424B2SEC
2026-10-298-KCurrent report2026-10-23SEC

Insider activity by month

MonthBoughtBuysSoldSells
2026-110000
2026-100000
2026-090000
2026-08001.70M1
2026-07003.78M2
2026-060000
2026-05001.92M1
2026-04002.28M1
2026-030000
2026-02002.96M2
2026-010000
2025-120000
2025-110000

Institutional holders

Manager% owned
BlackRock, Inc.8.19%
VANGUARD CAPITAL MANAGEMENT LLC6.53%
STATE STREET CORP4.71%
JPMORGAN CHASE & CO3.85%
FMR LLC3.18%
MUFG Bank, Ltd.2.85%
GEODE CAPITAL MANAGEMENT, LLC2.58%
MORGAN STANLEY1.97%
VANGUARD PORTFOLIO MANAGEMENT LLC1.93%
PRICE T ROWE ASSOCIATES INC /MD/1.61%

Funds

Fund% owned
VANGUARD TOTAL STOCK MARKET INDEX FUND3.17%
BBH Limited Duration Fund2.76%
VANGUARD 500 INDEX FUND2.59%
iShares Core S&P 500 ETF1.38%
Neuberger Strategic Income Fund1.36%
Fidelity 500 Index Fund1.29%
Invesco BulletShares 2026 Corporate Bond ETF1.24%
SPDR S&P 500 ETF TRUST1.21%
Bond Fund1.20%
PGIM Global Total Return Fund1.16%

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