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U.S. Bancorp Preferred Shares Downgrade On Interest Rate Risk (NYSE:USB)

The article from Seeking Alpha discusses a downgrade of U.S. Bancorp's preferred shares from Buy to Hold due to concerns over interest rate risk. The author highlights that the recent rise in interest rates has negatively impacted the valuation of these preferred shares, leading to the downgrade. The article also mentions that while U.S. Bancorp remains a strong institution, the current environment of rising rates poses a risk to the preferred shares' performance. The author suggests that investors should hold onto their shares but not buy more at the current time, anticipating potential further rate increases that could continue to pressure the shares' value.

Read the Full Seeking Alpha Article at:
[ https://seekingalpha.com/article/4785424-us-bancorp-preferred-shares-downgrade-on-interest-rate-risk-downgrade-to-hold ]