BofA Lifts PT on US Bancorp (USB) to $54 From $49, Maintains a Buy Rating

US Bancorp (NYSE:USB) is one of the best cheap stocks under $50 to buy now. On July 13, BofA raised the firm’s price target on US Bancorp (NYSE:USB) to $54 from $49, keeping a Buy rating on the shares.

The firm told investors that it adjusted its price targets on regional banks as part of a preview of the Q2 earnings season.

On June 18, US Bancorp’s (NYSE:USB) Board of Directors announced a regular quarterly dividend of $0.50 per common share to stockholders of record at the close of business on June 30, 2025. The annual dividend at this quarterly dividend rate comes up to $2.00 per common share.

US Bancorp (NYSE:USB) is a bank holding company that offers financial services including cash management, lending and depository services, foreign exchange, and trust and investment management.

It also offers refinance, mortgage, boat, and RV loans, credit card services, credit lines, auto, merchant, checking, and savings accounts, ATM processing, debit cards, insurance, and more.

While we acknowledge the potential of USB as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.