Is US Bancorp Stock a Buy?
The unexpected events that have occurred with SVB Financial, Signature Bank, and First Republic Bank have sparked contagion in the broader industry, taking down other regional bank stocks that have nothing to do with the troubled capital providers. Just look at U.S. Bancorp (NYSE: USB), whose shares are down a jaw-dropping 24% this month (as of March 29), despite no material news flow coming from the business. Amid the turmoil, is U.S. Bank stock a buy at this point?