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After a Tough Fourth Quarter, Is This Longtime Warren Buffett Stock Still a Buy?

·4-min read
After a Tough Fourth Quarter, Is This Longtime Warren Buffett Stock Still a Buy?

U.S. Bancorp (NYSE: USB), the fifth-largest bank in the country, probably didn't finish 2021 the way it wanted to. The bank reported fourth-quarter earnings per share (EPS) of $1.07 on revenue of nearly $5.7 billion, missing on both EPS and revenue estimates. There wasn't much to really like in the quarterly report from this longtime Warren Buffett and Berkshire Hathaway holding, which already trades at a high valuation.

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