Stock research: U.S. Bancorp (NYSE:USB)

Here is the article. 

Two facts and arguments to look into:

U.S. Bancorp doesn't have an investment banking business

Investment banking business tends to do well in turbulent times

Here is the content about banking business:

There's certainly a good reason for this. U.S. Bancorp is one of the most profitable and efficient banks in the United States. In 2019, U.S. Bancorp's 55.8% efficiency ratio was significantly better than those of most of its peers, and its return on equity (ROE) and return on assets (ROA) were among the best among any brick-and-mortar banks.

More importantly, U.S. Bancorp has a fantastic track record of responsible lending and solid financial management. In fact, during the 2008-09 financial crisis, U.S. Bancorp's earnings never went negative, something few banks can claim.

So, why has U.S. Bancorp been so beaten-down now? The short answer is that the COVID-19 pandemic has created a ton of uncertainty. We just don't know how long a recession will last, and there's no way to know if consumers will be able to pay their bills after government support stops flowing. And unlike most of its big-bank peers, U.S. Bancorp doesn't have an investment banking business (which tends to do well in turbulent times).