U.S. Bancorp (USB) - NYSE
  • Jul. 17, 2013, 12:05 AM
    Notable earnings before Wednesday’s open: ABT, ASML, BAC, BK, FCFS, FRC, GWW, IGTE, MAT, MTB , NTRS, NVS, PNC, STJ, TXT, USB
    | Jul. 17, 2013, 12:05 AM
  • Jul. 16, 2013, 5:30 PM
    Notable earnings before Wednesday’s open: ABT, ASML, BAC, BK, FCFS, FRC, GWW, IGTE, MAT, MTB , NTRS, NVS, PNC, STJ, TXT, USB
    | Jul. 16, 2013, 5:30 PM | 2 Comments
  • Jul. 10, 2013, 1:22 PM

    If you've got to buy a bank, says KBW's Chris Mutascio, make it JPMorgan (JPM) for its relative undervaluation, but the banking sector (KBE -1.4%) overall is overvalued. The recent run-up in regional shares (KRE -1.2%) on the belief they stand to benefit most from higher rates is particularly misguided, he says. Banks are far more levered to short rates which haven't budged. Bullet-proof of late, regionals are being sold today: Huntington (HBAN -3.1%), New York Community (NYCB -1.1%), BB&T (BBT -1.1%), PNC Financial (PNC -2.8%), First Niagara (FNFG -2.5%), Synovus (SNV -3.4%), People's (PBCT -1.6%), Comerica (CMA -2.7%), U.S. Bancorp (USB -1%).

    | Jul. 10, 2013, 1:22 PM | 3 Comments
  • Jul. 3, 2013, 1:03 PM

    The results of the first-ever "mid-cycle" stress tests of the big banks are due Friday. Unlike the Fed exams completed in March, these tests are self-administered and based on scenarios of the banks' own choosing. Will any fail themselves? Worth watching are BB&T (BBT) and Ally Financial - both of whom failed the Fed test. Others required to submit: GS, JPM, BAC, BK, AXP, COF, C, FITB, MS, PNC, RF, STT, STI, USB, WFC.

    | Jul. 3, 2013, 1:03 PM | 8 Comments
  • Jul. 2, 2013, 11:35 AM

    JPMorgan (JPM), PNC Financial, and U.S. Bancorp (USB) all have the earnings power to have grown book value in Q2 despite price declines in their securities portfolios due to rising interest rates, says Credit Suisse. Wells Fargo (WFC) could take the biggest hit, says the team, due to the relatively long 3.5 year duration of its portfolio.

    | Jul. 2, 2013, 11:35 AM
  • Jun. 27, 2013, 2:55 PM

    U.S. Bancorp (USB +0.2%) agrees to pay $6.5M to settle CFPB allegations it failed to disclose fees and misrepresented the costs of certain auto loans. The program in question was an auto-loan scheme for the military run by a subsidiary of DFC Global <DLLR>>, and USB has been the program's preferred lender since 2001.

    | Jun. 27, 2013, 2:55 PM | 1 Comment
  • Jun. 21, 2013, 3:32 PM

    The Fed's been continually over-optimistic about the economy throughout the recovery, says Sterne Agee and this time may prove no different. Expecting rates to retreat, the team spies opportunity in a basket of 4 large cap banks - C, JPM, USB, and WFC - as well as a group of regionals: PNC, MTB, RF, KEY. MTB is especially attractive given the roadblock now removed from its Hudson City (HCBK) purchase. A couple of smaller names of interest are First BanCorp (FBP) and PacWest (PACW) following the closing of its First California purchase.

    | Jun. 21, 2013, 3:32 PM | 1 Comment
  • Jun. 20, 2013, 12:36 PM
    Mostly in the green along with the life insurers today is much of the regional banking sector (KRE +0.5%) as a steeper yield curve is sure to boost their barely visible net interest margins. U.S. Bancorp (USB +0.1%), Huntington (HBAN +2.2%), New York Community (NYCB -0.1%), Regions (RF +0.7%), BB&T (BBT +1.2%), PNC (PNC +0.7%), SunTrust (STI +0.7%), KeyCorp (KEY +1.5%), People's Untied (PBCT +1.3%), Zions (ZION +1.9%), Comerica (CMA +1%).
    | Jun. 20, 2013, 12:36 PM
  • Jun. 18, 2013, 1:05 PM
    U.S. Bancorp (USB) declares $0.23/share quarterly dividend, 18% increase from prior dividend of $0.19. Forward yield 2.60 %. For shareholders of record June 28.Payable July 15.Ex-div date June 26. (PR)
    | Jun. 18, 2013, 1:05 PM
  • Jun. 18, 2013, 12:57 PM

    As expected following the Fed stress test results in March, U.S. Bancorp (USB +0.3%) ups its quarterly dividend 18% to $0.23/share. The annualized yield is 2.6%. (PR)

    | Jun. 18, 2013, 12:57 PM
  • Jun. 12, 2013, 11:19 AM

    Wells Fargo (WFC -0.2%) and U.S. Bancorp (USB -0.2%) are both downgraded to Sell by Atlantic Equities' Richard Staite, who says valuations and earnings expectations are already high, leaving little room for upside surprises. Wells is likely "overearning" relative to normal capacity thanks to previously high (now, not so much) refinance volumes. His top pick is Bank of America (BAC -0.4%), currently "underearning" by as much as 50% thanks to high legal and asset servicing costs.

    | Jun. 12, 2013, 11:19 AM | 2 Comments
  • Jun. 5, 2013, 2:49 PM
    A unit of U.S. Bancorp (USB -1.1%) is sued by the CFTC for allegedly knowingly facilitating Russ Wasendorf's embezzlement of customer funds from Peregrine Financial. The bank calls the charges without merit and claims it is a victim of the fraud, "one that the CFTC failed to detect."
    | Jun. 5, 2013, 2:49 PM
  • May 31, 2013, 3:21 PM

    Large-cap banks are poised for multiple expansion, says Sterne Agee, as discussions with managements along with data points from recent investor presentations suggest business in Q2 is doing better than expectations. The team is recommending a basket of C, JPM, MS, and GS. In a similar vein, they like a basket of "discounted regionals" - PNC, MTB, RF, USB, and STI.

    | May 31, 2013, 3:21 PM
  • May 21, 2013, 12:24 PM

    Low rates and sluggish loan growth will continue to pressure profits of the big banks in 2013, writes Credit Suisse. At the top of the list of those best-positioned to grow revenue, manage expenses, and deploy capital: Citigroup (C), JPMorgan (JPM), and U.S. Bancorp (USB). JPMorgan has already tipped that trading results are looking good in Q2. Look to upcoming investor conferences for more pre-earnings clues.

    | May 21, 2013, 12:24 PM
  • May 21, 2013, 5:40 AM
    Goldman Sachs lifts its forecasts for the S&P 500 (SPY), as David Kostin and company now say they expect the index to gain 5% by year-end to 1,750, 9% to 1,900 in 2014, and 10% to 2,100 in 2015. The rationale: expectations of above-trend real GDP growth beginning next year (Mr. Evans' "escape velocity" ?) coupled with P/E multiple expansion to 16x. Furthermore, dividends should rise ~30% over the next two years, bolstering the firm's claim that dividend-paying equities (DVY) are one of the only places U.S. investors can look to for income-generation. Some of GS's dividend picks, as listed on MarketWatch: Mattel (MAT), Ford (F), Philip Morris (PM), Walgreen (WAG), Chevron (CVX), U.S. Bancorp (USB), GE, Western Union (WU), Dow Chemical (DOW), and AT&T (T).
    | May 21, 2013, 5:40 AM | 11 Comments
  • May 15, 2013, 9:26 PM

    Four U.S. Bancorp (USB) executives took advantage of a nice run to unload more than $2.5M worth of stock in the week beginning May 7. A bank spokesman notes execs have a small window to sell stock following earnings (April 16) and it closed in mid-May. It should be noted that insiders buy for just one reason, but sell for any number of motivations. Still InsiderInsights' Jon Moreland notes the sales are contrary to the action he's seeing at numerous other banks both big and small.

    | May 15, 2013, 9:26 PM | 1 Comment
Company Description
U.S. Bancorp operates as a bank holding company, which through its subsidiary provides banking services. It provides a full range of financial services, including lending and depository services, cash management, foreign exchange and trust and investment management services. The company also... More
Sector: Financial
Industry: Regional - Midwest Banks
Country: United States