Is U.S. Bancorp Stock a Buy?
Banks have had a tough go of it in 2023. U.S. Bancorp (NYSE: USB), the fifth-largest bank in the U.S. by assets, has been under the microscope since the failure of a few regional banks earlier this year.
Some of U.S. Bancorp's regulatory capital ratios fell after it made a recent acquisition, placing it on the low end of its peer group on those metrics. Those falling capital ratios helped spark one prominent asset management firm that follows the banking sector to label it "the unsafest and unsoundest of them all" earlier this year.
Admittedly, U.S. Bancorp has made progress in improving its regulatory ratios. But is it enough? Here's what you need to consider before deciding if its stock is right for your portfolio.
Source Fool.com
