U.S. Bancorp (USB) Stock Climbs As Q3 Earnings Reinforce Resilience

U.S. Bancorp stock closed up 2.3% at about $58.70 on Friday, a firm vote of confidence just one day after releasing Q3 2026 results. The headline was clean. Earnings per share came in around $1.41 on revenue of roughly $7.3b, with profitability holding up and credit quality described as healthy. The short term story is a relief rally. The longer view is about whether a bank with a P/E near 11x, solid net income and improving efficiency can justify a valuation gap that still appears wide...