[Business Wire] – U.S. Bancorp announced today that Richard K. Davis, chairman and CEO, will participate in a discussion regarding the Company at the Morgan Stanley 2016 Financials Conference. Read more on this. U.S. Bancorp (USB) , with a current market cap of $73.65B, started the session at $42.94. Looking at today’s market, USB one day range is $42.66 to $43.00 with the price of the stock fluctuating between $37.07 to $46.26 over the last 52 weeks. USB shares are currently priced at 13.07x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 14.96x earnings multiple. And for passive income investors, the company pays shareholders $1.02 per share annually in dividends, yielding 2.41%. According to a consensus of 29 analysts, the earnings estimate of $0.81 per share would be $0.01 better than the year-ago quarter and a $0.02 sequential decrease. The full-year EPS estimate is $3.28, which would be a $0.13 better than last year. The quarterly earnings estimate is predicated on a consensus revenue forecast of $5.20 Billion. If reported, that would be a 4.21% increase over the year-ago quarter. More recently, Robert W. Baird downgraded USB from Outperform to Neutral (Apr 21, 2016). Previously, Guggenheim downgraded USB from Buy to Neutral. The average price target for USB shares by the analysts covering the stock is $45.50, which is 5.96% above where the stock opened this morning. See more in (NYSE:USB) Similar Articles: Company Update (NYSE:USB): U.S. Bancorp to Release First Quarter Earnings Results and Host Conference Call Wednesday, April 20, 2016 Company Update (NYSE:MS): Jonathan Pruzan to Speak at the Annual Morgan Stanley European Financials Conference Market Update: U.S. Bancorp (NYSE:USB) – U.S. Bancorp to Speak at the Credit Suisse Financial Services Forum