Seeking Alpha

The senior debt of U.S. Bancorp (USB) is downgraded to A1 from Aa3 by Moody's, "reflecting the...

The senior debt of U.S. Bancorp (USB) is downgraded to A1 from Aa3 by Moody's, "reflecting the inescapable challenges that even a well-managed and diverse banking franchise currently faces." Among those challenges are the Fed's ZIRP, Twist, and QE∞ which have crushed net interest margins. Also noted is the bank's increasing reliance on mortgage banking income, i.e., HARP.
From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs