U.S. Bancorp Buy opportunity setting upU.S. Bancorp is a financial service holding company. The Company’s major lines of business are Wealth, Corporate, Commercial and Institutional Banking, Consumer and Business Banking, Payment Services, and Treasury and Corporate Support. The Company provides a range of financial services, including lending and depository services, cash management, capital markets, and trust and investment management services
FUNDAMENTAL METRICS
Exchange- New York stock exchange
Market capitalization- $75.73B
Basic EPS- $3.27
Total Net revenue- $28.1B
Net Income- $5.4B
Average common shares outstanding- 1.5B
Total assets- $663B
Deposits- $512B
Provision for credit losses -$2.3B
Dividends declared per share- $1.93
Financial metrics as at year ended Dec 31, 2023, Market cap as per 24.10.2024 Q4 EARNINGS SUMMARY (Date of release 16.10.2024) (Next report date Jan 16,2025)
1. Net income of $1,714 million and diluted earnings per common share of $1.03. Revenue missed analyst estimates by 1.0%. Earnings per share (EPS) exceeded analyst estimates by 4.5%.
2. There shall be a share buy back program of $5 billion.
3. The bank is focused on organic growth & broadening their reach. Not interested in mergers & Acquisitions currently. The bank's latest large investment was the acquisition of Union Bank, which closed in December 2022. This meaningfully expanded its presence in California.
4. Net revenue of $6,864 million, including $4,166 million of net interest income on a taxable-equivalent basis
5. Noninterest income of $2,817 million driven by year-over-year increases in:
i. Commercial products revenue of 12.1%
ii. Trust and investment management fees of 6.4%
iii. Payment services revenue of 3.1%
iv. Mortgage banking revenue of 7.6%
6. Non-interest expenses dropped by 1% compared to last year, but increased slightly by 0.4% compared to the last quarter, when accounting for previous notable expenses.
7. The bank's return on common equity was 17.9%, return on assets was 1.03%, and efficiency ratio was 60.2%.
TECHNICAL ANALYSIS RULES
1. Structure drawing (Trend line drawing on past price chart data)
2. Patterns identification (Naming patterns on past price chart data for future wave)- Corrective flag forming
3. Future indication (Reading indicator for future wave)- MACD 0 crossover to signal buys
4. Future wave (Drawing on future price chart using future indication from indicator)- highlighted
5. Future reversal point (Identifying trend reversal point on price chart using structure)- Target price $67.35 (top of bigger correction)
Look for the trade on lower timeframe by identifying impulses & correction as shown
Recommendation:
Buy price range: $44.8- $48
Target price: $67
Top Shareholders
The Vanguard group- 8.64%
BlackRock Institutional Trust Company- 4.85%
State Street Global Advisors- 4.26%
MUFG Bank- 4.22%
Charles Schwab Investment managers- 2.92%
Fidelity Management- 2.66%
USBC trade ideas
$USB with a bullish outlook following its earnings #StocksThe PEAD projected a bullish outlook for NYSE:USB after a positive under reaction following its earnings release placing the stock in drift A with an expected accuracy of 61.45%.
USB Stock Short All timeframes are massively overbought
There is a pattern on H4 and H1
This is a weekly high where there is a lot of resistance
Since it is against the trend I would normally not go for such a trade but stocks look like they need to come down so this could be a trade
tight stop loss and take profit when it hits the H4 trend as this is still very uptrend
USB U.S. Bancorp Options Ahead of EarningsAnalyzing the options chain and the chart patterns of USB U.S. Bancorp prior to the earnings report this week,
I would consider purchasing the $42.5usd strike price Puts with
an expiration date of 2024-9-20,
for a premium of approximately $4.20.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Bull Put Spread Strategy for US Bancorp (USB)The Bull Put Spread is a versatile options strategy that can be used to generate income and limit downside risk. It is a popular strategy among traders who are bullish on a stock but are concerned about a potential decline in price.
What is a Bull Put Spread?
A Bull Put Spread is a strategy that involves selling a put option with a higher strike price and buying a put option with a lower strike price. Both options have the same underlying asset and expiration date.
**Just sold Bull Put Spread by selling a put option with a strike price of $37.50 and buying a put option with a strike price of $36, expiring on January 26, 2024.
Stop Loss
Set a stop-loss order at 3 times the credit received, with a maximum 10% of your capital as the order amount.
This strategy will generate a profit if the stock price remains above $37.50 at expiration.
Great stock, it's a keeperPrice is forming a bullish flag to tempt a breakout of the 37.7 resistance. I already have a long term position and just added. Even if the price drops, just hold it, it pays good dividends. I think that in long term it will break the 40 level and reach 45.
USB U.S. Bancorp Options Ahead of EarningsAnalyzing the options chain and the chart patterns of USB U.S. Bancorp prior to the earnings report this week,
I would consider purchasing the 32.50 usd strike price Puts with
an expiration date of 2023-10-20,
for a premium of approximately $0.77.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
Earnings Journal 💵💵💵📶 S T A T I S T I C A L A N A L Y S I S
Current 50-Day Market Trend: short/sellers/negative.
Next Swing: negative swing to support.
Next Wave: buy wave to the deviation.
Next 50-Day Market Trend: long/buyers/positive.
Trade Type: Touch & Go don't wait for a close.
💵 E A R N I N G S A T A G L A N C E
Release Date: 10/18 BMO
Revenue Anticipations: positive surprise for Revenues.
Revenue Surprise-Confidence: on a scale of 0-9, #4
EPS Anticipations: negative surprise for EPS.
EPS Surprise-Confidence: on a scale of 0-9, #4
EPS & Revenue 2-Year Trend: the company trend in EPS is negative, the company trend in Revenues is positive.
📝 S Y N O P S I S
"I expect the market will buy the surprise if the earnings report hits the Wall Street consensus, or sell the surprise if the earnings report misses the Wall Street consensus."
🔎 R E S E A R C H D E P T H
Technical Analysis: daily chart.
Fundamental Analysis: EPS & Revenue data.
Press/News: none.
Social Media: none.
#USD trade plan up to 15-Sep
Based on our team's research of the options market, we expect buy activity at the support level or sell activity at the resistance.
We primarily consider levels to be activity zones, but not to be a super-fine level for establishing a limit order. Use them in combination with our own strategy, not in alone.
We do the best research as we can to find new opportunities in the massive amount of information every day to help you make data-driven trading decision.
Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read. We appreciate it all!
U.S. Bank (USB) Long on ReentryReentry attempt at $31.48. I'm currently playing charts on the 5D size and reassessing them as each day passes to make sure I'm seeing if the trend turns. Since USB turned fairly tightly from the mid-point a good short could be tried at $32.93 with a tight stop.
100 target USBwith the bank contagion destroing bank shares usb has fallen victim ... but this bank is used by the us gov for many things even unempoyment payouts so you can bet this will recover. not to mention we have already a healthy bounce from the last line of defense. 28.26
im targeting 60$ I expect this around Q1 2025
💾 U.S. Bancorp 2008 Type Of Crash IncomingWe are now at #5 of the TOP10 biggest banks in the USA, this one seems pretty bad as well.
Let's start with the weekly chart and then we move to the monthly for the bigger picture:
✔️ This week USB had the worst week since Feb. 2020, Covid days.
✔️ A major support level failed in the form of 0.618 Fib. which can lead to lower prices.
✔️ We have a bearish cross on the MACD and RSI trending lower; I will show you the charts this time.
USB Weekly MACD:
USB Weekly RSI:
✔️ While the monthly chart lost EMA10 and EMA100, support was found at MA200.
✔️ The MACD is trending down while already bearish.
How far down it goes will depend on the politics, how much money they decide to print, if the banks will get a bailout or not, etc.
We have to see how it all develops.
The side effects of raising interest.
They wanted to crash the economy... It is working.
Namaste.
USB - Horizontal SupportUSB has a strong horizontal support in green that aligns perfectly with the bottom of a downward channel.
I suggest this as a reversal point for price.
The bars pattern shows some thoughts of mine regarding the recovery.
US BANCORP Stock Chart Fibonacci Analysis 051423 Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 28/61.80%
US Bancorp: Bullish Deep Gartley Piercing LineNYSE:USB is showing a big amount of Bullish Divergence on the Daily after printing a Bullish Abandoned Baby on the 1 Day Chart and a Piercing Line on the 2 Day Chart at the 0.886 PCZ of a Bullish Deep Gartley. If we hold above the lows it could eventually come back up to see 45-55 Dollars.
Watchlist 2023-03-16 $GOLD $USB $KBWE $GOLD $SNAP $XOMSPY - had another late session short covering rally to end the day. However, unlike Monday, Shorts were unable to push below 383.50 the whole day. This lead to a rally over 387 and then another retest rally to end the day. IN contrast to PD, we tested the 387 level in PM and held again. Although we are in the middle of the range between 393.50 and 380, if support continues to be bought, bulls could send us higher towards the upper range today.
Regional banks volatility has significantly dried up. The trades over the last few days have been a short after the morning shove and fade until the last hour of the day. No one wants to keep holding these names short O/N, watch for a late session rally again if shorts have been in control and they make the first higher high. $ALLY $USB
Oil names were extremely weak as oil falls 15%. Might be too extended this morning but looking to fade any weak rallies in names that are not near support.
$XOM $SHEL
$SNAP - gapping on news that congress is considering a bank of tiktok. Gapping over some key resistance at 10.50. However, RVOL in the PM is lack luster at only 0.5. Will have to wait to see buyers come in, willing to buy over PM resistance at 11.26 if we really see strength in the market. Else, gap in gap at 10.50.
$GOLD - staying above 17.10 for and showing relative strength. Made the move to 17.50 like I mentioned PD. Look for a retest of 17.20 for dip buys which is the PD high and the high vol node.
Watchlist 2023-03-14 $GOLD $USB $ALLY $KBWE $GOLD $AISPY - had a late session short covering rally to end the day. Shorts were in control coming up this morning as investors remained cautious about the banking crisis and awaited more economic data for guidance on the Federal Reserve's monetary policy. PPI spike at 8:30 AM which was quickly reclaimed to the PM lows past the 387 key level. Now that we are below the rising wedge on the daily, next stop should be 380 lows.
Regional banks continue with volatility. Yesterday's short covering rally would have sucked in longs and flushed out shorts. Showing particular weakness yesterday and again this morning. Looking for names that are trading near Friday's pivot low that do not have a pivot in sight or are trading below the key pivot. Needs to show weakness below the Friday's low, don't want to get caught in a swing failure so be prepared to cut quickly if it goes against you. $ALLY $USB
Also watching $KBWE bank sector EFT for relative weakness against individual names.
$GOLD - breaking above 17.10 for an inside bar play, there is room for possibly another move to 17.50. Only if SPY is showing weakness. Look for a retest of 17.10 which is the PD high and the high vol node.
$AI - gapping right to the triple bottom key 20.30 support pivot. If we see continued weakness in the QQQs, expect a push lower t8.30 support. Wait for the break and then enter on the retest where sellers are present. Don’t want to jump in and have it blow out the 20.30 level as it's come all the way from 30.
USB - Ascending TriangleAn Ascending Triangle, a big one.
Normally considered a bullish continuation pattern
See how this big one plays out
US Bancorp (USB) bullish scenario:The technical figure Channel Down can be found in the daily chart in the US company US Bancorp (USB). U.S. Bancorp is an American bank holding company. It is the parent company of U.S. Bank National Association, and is the fifth largest banking institution in the United States. The company provides banking, investment, mortgage, trust, and payment services products to individuals, businesses, governmental entities, and other financial institutions. The company also owns Elavon, a processor of credit card transactions for merchants, and Elan Financial Services, a credit card issuer that issues credit card products on behalf of small credit unions and banks across the U.S.The Channel Down broke through the resistance line on 30/11/2022. If the price holds above this level, you can have a possible bullish price movement with a forecast for the next 60 days towards 50.00 USD Your stop-loss order, according to experts, should be placed at 38.39 USD if you decide to enter this position.
Investors will be hoping for strength from U.S. Bancorp as it approaches its next earnings release. The company is expected to report EPS of $1.14, up 6.54% from the prior-year quarter. Investors might also notice recent changes to analyst estimates for U.S. Bancorp. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
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$USB with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $USB after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 70%.
ShortAfter a thorough analysis of the graph it seems that the words of the Federal Reserve hit the breakout of the trend line, but I will go with the tunnel and I want to add 0.5 of my size and take my share in 40 price and the stop lose at 49.30
remember this is my only personal opinion.
$USB with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $USB after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 66.67%.
