U.S. Bancorp lifts 2026 revenue outlook after BTIG deal and Amazon card win

EarningsCorporate Action

โดย American Banker·Read original

Summary · why it matters

U.S. Bancorp raised its 2026 net revenue growth guidance to between 7% and 9%, up from a prior range of 4% to 6%, driven by its acquisition of investment bank BTIG and a new credit card partnership with Amazon. The Minneapolis-based regional bank completed the roughly $1 billion BTIG purchase on June 1, and the unit generated a record $98 million in revenue that month, with a target of $200 million in quarterly contributions that would push capital markets past 10% of total revenue. The Amazon Business and Business Prime card handoff from American Express, set for mid-August, is expected to add $75 million in quarterly revenue. U.S. Bank also plans to increase annual branch spending by $100 million to $300 million to expand in high-growth markets such as Nashville, Phoenix, Provo, and Des Moines. The company reported second-quarter net income of $2.18 billion, up 20% from a year earlier, and a net charge-off ratio of 0.53%, down six basis points, with Chief Financial Officer John Stern saying he does not think problem loans have hit the bottom yet.

U.S. Bancorp ▲

American Express Company ▼

Amazon.com Inc ▲

Impact on stocks 3

Financials▲ · 1 stocks

▲ PositiveCapitalrelevance

U.S. Bancorp raised its 2026 revenue guidance due to the BTIG acquisition and Amazon card win, and reported strong Q2 earnings.

Digital Finance & Tokenization▼ · 1 stocks

American Express Company

▼ NegativeCompetitionrelevance

American Express lost the Amazon Business and Business Prime card handoff to U.S. Bancorp, losing a revenue source.

Artificial Intelligence▲ · 1 stocks

▲ PositiveDemandrelevance

Amazon's new credit card partnership with U.S. Bancorp is expected to generate revenue for Amazon through the card program.

Off-coverage companies 1

BTIG, LLCPrivate▲ Positive

Capitalrelevance

BTIG was acquired by U.S. Bancorp for ~$1 billion, generating record revenue in June and expected to contribute significantly.