CLAIM #61428 · U.S. Bancorp (USB) · 2026Q2 earnings call · Jul 16, 2026 · due Dec 31, 2026
“I don't anticipate being that strong in the back half of the year, but it's still going to be strong.”
John Stern · CFO
How to check this claim
Look at: Capital markets fees organic revenue growth (YoY %), third and fourth quarter
It came true if: Q3 and Q4 organic growth each positive but below 30%
Where: Company quarterly earnings release / 10-Q segment or fee revenue disclosure
In context
“John Stern: is what we anticipate. I think there's some seasonality in the third and fourth. They had a record month in June. A lot of transactions. Could it go higher than 200? It could. Capital markets fees can swing and things of that nature. We'll see how that goes. Going back, I would just point back to Gunjan's comments she just made on, we're 7% of revenue right now, anticipating to get to 10. I think that's the right trajectory. We expect strong growth. Organically, the capital markets grew 30% both first and second quarter. I don't anticipate being that strong in the back half of the year, but it's still going to be strong. Based on everything we see and based on the new business and all the different pieces that we've been building on our legacy products, not to mention the BTIG synergies that we anticipate. That's what gives us all that positivity and momentum that we think for this business.”
Verify independently
SEC filings for USB ↗ · Claim quote is verbatim from the 2026Q2 earnings call.