BUZZ-Street View: US Bancorp CEO transition occurring more quickly than anticipated
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U.S. Bancorpannounced that Gunjan Kedia will become CEO on April 15, succeeding Andy Cecere. The transition is happening faster than expected, with analysts from Piper Sandler and BofA Global Research commenting on the timing. Kedia's appointment comes as USB shifts from a multi-year investment phase to revenue growth. While some analysts see a need for revitalization in USB's stock performance, others, like Morgan Stanley, do not expect significant strategic changes under Kedia's leadership.
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