Stephen L. Philipson, U.S. Bancorp’s vice chair, sold 36,000 shares worth $2.3M shortly after the bank’s strong Q2 earnings—revenue up 10%, EPS up 22%, with a revised bullish forecast. His sale, at market price, likely reflects portfolio rebalancing amid his recent leadership transition, not market timing. With a $99B market cap and solid fundamentals, the move signals confidence in the company’s future, not alarm.
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