New U.S. Bank CEO Gunjan Kedia plans to focus on growth and restoring investor confidence.

From Yahoo Finance: 2025-04-17 09:50:00

Gunjan Kedia, newly appointed CEO of U.S. Bank, aims to restore investor confidence with cost control, organic growth, and transforming the payments business after surpassing Q1 expectations. Despite posting revenues of $6.96 billion and EPS of $1.30, the stock fell 2% after the earnings call.

Kedia takes over U.S. Bank at a challenging time for the finance industry, emphasizing urgency, discipline, and growth in her first earnings call. She has been with the bank since 2016 and served as president before becoming CEO.

With increasing tensions impacting global markets, Kedia seeks to instill confidence in U.S. Bank’s future. The bank exceeded market expectations in Q1, but the stock price remains a concern, down 21% year to date at approximately $38.

Kedia expresses dissatisfaction with U.S. Bank’s stock performance and outlines priorities for improvement, including expense discipline and organic growth. The focus on costs follows questions of over leverage after acquiring MUFG in December 2022.

Andrew Cecere, the previous CEO, highlights investments in technology and new services, anticipating positive results. Kedia aims to drive faster results and a culture shift towards growth, emphasizing the importance of risk management for competitive advantage.

U.S. Bank’s future outlook under Kedia’s leadership focuses on revenue growth, loan and fee growth, and strategic investments. With macroeconomic uncertainty, Kedia’s immediate priorities include expense management, organic growth, and transforming the payments business.

Emphasizing a commitment to high returns and risk management, Kedia outlines strategic priorities to achieve growth goals. While focusing on organic growth, U.S. Bank remains dedicated to disciplined risk management and high returns.

Read more: Urgency, discipline, and growth will be key to her tenure