The bank’s Business Essentials platform offers digital accounting management to smaller commercial clients. It comes at a time when banks are hunting for sources of fee income.
U S Bancorp s Unique Payments Business Has Earned It a High Valuation fool.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fool.com Daily Mail and Mail on Sunday newspapers.
Having gained more than 100% since the March 23 lows of last year, at the current price near $61 per share, we believe U.S. Bancorp’s stock is trading above its near-term potential. The bank has seen its stock increase from $29 to $61 off the March 2020 bottom compared to the S&P 500.