James L. Chosy, Senior Executive Vice President and General Counsel at US Bancorp, executed a notable transaction in the company's equity on July 23, 2026. Chosy sold 22,968 shares of common stock, realizing proceeds totaling $1,453,415. This disposition followed the exercise of employee stock options, through which he acquired 24,711 shares valued at $1,359,352.
The acquisition of shares occurred via the exercise of options that had vested in four equal installments starting from February 16, 2018. The exercise price for these options was $55.01 per share. Immediately after acquiring the shares, Chosy disposed of 22,968 shares at a price of $63.28 per share.
At the time of the sale, US Bancorp's stock was trading near its 52-week high of $64.84. The stock has experienced a 43% gain over the past year. According to InvestingPro analysis, the stock remains undervalued relative to its Fair Value. The company has maintained its dividend for 56 consecutive years. This dividend continuity is one of 8+ ProTips available to subscribers, alongside a comprehensive Pro Research Report.
Following these transactions, Chosy directly holds 252,684 shares of US Bancorp common stock.
In other recent news, U.S. Bancorp reported its second-quarter 2026 earnings, surpassing expectations with earnings per share of $1.35 and revenue of $7.71 billion. This performance exceeded Wall Street's forecasts of $1.27 per share and $7.57 billion in revenue, reflecting a significant increase in profit and revenue from the previous year. Additionally, the bank raised its full-year revenue outlook, indicating continued confidence in its financial trajectory.
Analyst firms have responded positively to these developments. JPMorgan upgraded U.S. Bancorp's stock rating to Neutral from Underweight, citing improved fee income growth driven by strong capital markets performance. The firm also raised its price target to $67.50, anticipating potential upside in fee income. Meanwhile, DA Davidson maintained a Buy rating and increased its price target to $74, highlighting the bank's 400 basis points of positive operating leverage in the second quarter, driven by broad-based revenue growth.
These recent developments underscore U.S. Bancorp's strong financial performance and the favorable outlook from analysts.