USB looks interesting

This is a bank that is starting to get some respect.  U.S. Bancorp (USB) is a financial services holding company. They operate full-service branch offices and ATMs, and provides a comprehensive line of banking, brokerage, insurance, investment, mortgage, trust and payment services products to consumers, businesses and institutions. U.S. Bancorp is the parent company of Firstar Bank and U.S. Bank.

This is an S&P 100 company with a 100% Barchart short term technical buy signal.  The stock hit 9 new highs in the last month with a 5.02% increase in price,  It recently traded at 23.60 which is above its 50 day moving average of 22.27.  The 14 day Relative Strength Index is 63.69% and rising.

Wall Street brokerage analysts look for an 8.50% increase in revenue next year.  The earning projections are attractive with a 357.50% increase expected for this year, a 16.00% increase next year and a 5 year compounded EPS growth rate of 12.00%.

Investors are high on it too with the CAPS members on Motley Fool voting 1,832 to 137 that the stock will beat the market with the All Stars voting 565 to 25.

If you want a large SP 100 bank consider:

• Recent positive and consistent price action
• Wall Street looking of double digit 5 year EPS growth rate.
• Wide and positive investor sentiment

Jim Van Meerten is an advisor to Marketocracy Capital Management who uses his model portfolios not only to manage their mutual funds but also their clients Separately Managed Accounts. You can read his blogs about those model portfolios and investing here and on Barchart Portfolio Blogs. Please leave a comment below or email JimVanMeerten@gmail.com.

Disclosure: Jim Van Meerten through Marketocracy Capital Management has an interest in the stocks mentioned in this blog.