投资银行观点调整 - 摩根大通证券将美国合众银行评级从“减持”上调至“中性” [3] - 评级上调主要基于公司手续费收入的增长 [3] 目标价与股价变动 - 投资银行将该股票目标价从65.00美元上调至67.50美元 [3] - 消息发布后，该股在早盘交易中上涨0.55%，报63.49美元 [3]

Rob O'Dwyer - Specialist Sales - US Financials AC rob.odwyer@jpmorgan.com J.P. Morgan Securities LLC North America Specialist Sales J P M O R G A N 20 July 2026 My 2c on Financials 1 Rob O'Dwyer +1 2126222673 rob.odwyer@jpmorgan.com Key Highlights Morning – this week in fins is about regional banks, consumer finance, exchanges, info services and insurance + a couple of high profile outliers (BX & SCHW). That probably makes it a bit harder for thematics to work but fins in general remain a net beneficiary to ...

Action | 20 Jul 2026 09:06:40 ET │ 15 pages US Bancorp (USB.N) 2Q26 Review - Strong Quarter with Better Earnings Visibility; Raise PT to $72 CITI'S TAKE USB outperformed the bank index on earnings day (up ~1.6% vs BKX flat), though recently lagged peers as strong 2Q results (but largely in-line implied core PPNR guidance) seemed to fall short of a lofty bar. Even still, we believe fundamental story continues to strengthen and bull case remains, with our '26 estimates moving ~2% higher, driven primarily by a ...

North America Equity Research U.S. First to Market 20 July 2026 The ins and outs of a cyclical lift US Equity Strategy (Dubravko Lakos-Bujas/Bhupinder Singh) Hyperscalers vs. AI Hardware, AI Capex & Monetization, Momentum Unwind, 2Q Earnings The AI cycle remains intact. The key theme this reporting season remains centered on the hyperscaler capex guide, but with a greater focus on more tangible evidence of monetization. This includes incremental use cases such as Meta's move to sell excess AI compute capaci ...

J P M O R G A N North America Equity Research 20 July 2026 U.S. Bancorp Better Growth In Revenues Led By Fees, Upgrading To N US Bancorp is seeing better growth in fee income led by strong capital markets. We expect the bank's guidance could have upside especially in fee income given the strong momentum in the markets, notably equity markets, which could boost BTIG's revenues. In addition, earnings should benefit from the acquisition of Amazon small business credit card in 3Q although there will be some noi ...