U.S. Bancorp shares are trading higher after it received $55 million of New Markets Tax Credit allocation from the U.S. Department of Treasury.
Portfolio Pulse from Benzinga Newsdesk
U.S. Bancorp has received a $55 million New Markets Tax Credit allocation from the U.S. Department of Treasury, leading to a rise in its share prices.
September 29, 2023 | 4:13 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
U.S. Bancorp's stock is trading higher following the announcement of a $55 million New Markets Tax Credit allocation from the U.S. Department of Treasury.
The allocation of the New Markets Tax Credit to U.S. Bancorp by the U.S. Department of Treasury is a positive development for the company. This could potentially increase the company's profitability, leading to a rise in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100