U.S. Bancorp
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Financials : Banks | Large Cap Value
Company profile

U.S. Bancorp is a financial services holding company. The Company provides a range of financial services, including lending and depository services, cash management, capital markets, and trust and investment management services. It also engages in credit card services, merchant and automated teller machine (ATM) processing, mortgage banking, insurance, brokerage and leasing. Its banking subsidiary, U.S. Bank National Association, is engaged in the general banking business and offers commercial and consumer lending, lending services, depository services and ancillary services. Its non-banking subsidiaries offer investment and insurance products to the Company's customers principally within its domestic markets, and fund administration services to a range of mutual and other funds. The Company's bank and trust subsidiaries provide a range of asset management and fiduciary services for individuals, estates, foundations, business corporations and charitable organizations.

Premarket

Last Trade
Delayed
$48.44
0.04 (0.08%)
Bid
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Ask
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B/A Size
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Market Hours

Closing Price
$48.40
Day's Change
0.00 (0.00%)
Bid
--
Ask
--
B/A Size
--
Day's High
--
Day's Low
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Volume
(Light)
Volume:
64

10-day average volume:
6,525,657
64

Pinterest stock gains after Morgan Stanley upgrade

11:19 am ET August 10, 2020 (MarketWatch)
Print

Shares of Pinterest Inc. (PINS) are up 1.4% in Monday morning trading after Morgan Stanley analyst Brian Nowak upgraded the stock to overweight from equal weight and raised his price target to $44 from $34. The company is "driving/benefitting from accelerating e-commerce and social shopping," Nowak wrote in a note to clients. He likened Pinterest and Facebook Inc. (FB) to "social online malls" that could become increasingly important with the COVID-19 crisis changing the way people shop. Pinterest is the "purest play" on this trend, in Nowak's view, as the company saw a big surge in user growth in the second quarter and now is in a place to monetize this heightened engagement with better targeting capabilities and automatic bidding for traffic objectives. Such improvements helped drive "structurally faster ad growth" for Facebook, Amazon.com Inc. (AMZN), and Snap Inc. (SNAP) in the past, and now Nowak expects that Pinterest could see similar trends. Pinterest shares have gained 79% over the past three months as the S&P 500 has increased 14%.

-Emily Bary; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

August 10, 2020 11:19 ET (15:19 GMT)

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