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Business Wire (Wed, 2:08PM)
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Banking Round-Up: Price-To-Book Ratio ComparisonsTrefis • Mon, May 20
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Business Wire (Fri, 12:15PM)
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Business Wire (May 16, 2013)
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Business Wire (May 13, 2013)
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Business Wire (Apr 29, 2013)
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Downgraded U.S. Bancorp Still Presents Excellent OpportunitySmart Equity • Fri, Dec 7, 2012
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U.S. Bancorp: Low Risk, High Growth ProspectsCris Frangold • Wed, Nov 28, 2012
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U.S. Bancorp: Rising Earnings MomentumZacks Investment Research • Thu, Oct 25, 2012
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U.S. Bancorp Churns Out Record Results As Mortgage Revenue SoarsTrefis • Fri, Oct 19, 2012
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U.S. Bancorp: A Strong Long-Term BuyTrading Maven • Fri, Oct 5, 2012
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Buy Top Rated US Bancorp At Dip For Best ResultsValueMax • Tue, Sep 25, 2012
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Value Investors: New Reasons To Buy U.S. Bancorp NowCris Frangold • Mon, Aug 27, 2012
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Earnings Preview: U.S. BancorpVytautas Drumelis • Mon, Jul 16, 2012
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U.S. Bancorp's CEO Discusses Q1 2012 Results - Earnings Call TranscriptTue, Apr 17, 2012 • 1 Comment
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U.S. Bancorp's CEO Discusses Q4 2011 Results - Earnings Call TranscriptWed, Jan 18, 2012
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U.S. Bancorp's CEO Discusses Q3 2011 Results - Earnings Call TranscriptWed, Oct 19, 2011 • 3 Comments
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U.S. Bancorp's CEO Discusses Q2 2011 Results - Earnings Call TranscriptWed, Jul 20, 2011
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U.S. Bancorp's CEO Discusses Q1 2011 Results - Earnings Call TranscriptTue, Apr 19, 2011
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U.S. Bancorp's CEO Discusses Q4 2010 Results - Earnings Call TranscriptWed, Jan 19, 2011
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U.S. Bancorp CEO Discusses Q3 2010 Results - Earnings Call TranscriptWed, Oct 20, 2010
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U.S. Bancorp Q1 2010 Earnings Call TranscriptTue, Apr 20, 2010
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U.S. Bancorp Q4 2009 Earnings Call TranscriptWed, Jan 20, 2010
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U.S. Bancorp Q3 2009 Earnings Call TranscriptWed, Oct 21, 2009
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U.S. Bancorp Q2 2009 Earnings Call TranscriptWed, Jul 22, 2009
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U.S. Bancorp Q1 2009 Earnings Call TranscriptTue, Apr 21, 2009
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U.S. Bancorp Q4 2008 Earnings Call TranscriptWed, Jan 21, 2009
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U.S. Bancorp Q3 2008 Earnings Call TranscriptTue, Oct 21, 2008
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Business Wire (Fri, 10:00AM)
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Business Wire (Wed, 2:08PM)
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Business Wire (Fri, 12:15PM)
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Business Wire (May 16, 2013)
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Business Wire (May 13, 2013)
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at Fox Business (May 2, 2013)
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Business Wire (Apr 29, 2013)
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Business Wire (Apr 24, 2013)
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at CNBC.com (Apr 22, 2013)
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at MarketWatch.com (Apr 16, 2013)
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at MarketWatch.com (Apr 16, 2013)
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at MarketWatch.com (Apr 16, 2013)
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at CNBC.com (Apr 16, 2013)
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at MarketWatch.com (Apr 16, 2013)
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Business Wire (Apr 16, 2013)
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Business Wire (Apr 15, 2013)
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at CNBC.com (Apr 14, 2013)
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at CNBC.com (Apr 12, 2013)
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at Fox Business (Apr 12, 2013)
USB vs. ETF Alternatives
Company Description
U.S. Bancorp and its significant subsidiaries occupy headquarter offices under a long-term lease in Minneapolis, Minnesota. The Company also leases seven freestanding operations centers in Cincinnati, Denver, Milwaukee, Minneapolis, Portland and St. Paul. The Company owns 11 principal operations... More
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- | Earnings
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- | On the move
- Tuesday, May 21, 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. Comment! [Financials]
- Tuesday, May 21, 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). 11 Comments
- Wednesday, May 15, 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. 1 Comment [Financials]
- Wednesday, May 8, 10:43 AM KeyCorp's (KEY) big move (up 22% YTD vs. 14% for KBE) is unjustified, according to KBW's Chris Mutascio, who's had a Sell on the stock for most of the run. Four other large regionals - WFC, USB, BBT, FITB - are better bargains as they sport lower P/E multiples despite higher ROAs and (for 3 of the 4) far larger ROEs. 3 Comments [Financials]
- Saturday, May 4, 1:34 PM More from Omaha: Andrew Ross Sorkin asks if Dodd-Frank banking rules will affect the profitability of Berkshire Hathaway's (BRK.B) investments. Buffett says investments in US Bancorp (USB), M&T Bank (MTB), and similar holdings are not likely to be disproportionately affected, although returns on tangible equity at some holdings will be lower going forward. Buffett also opines on speculation, saying subsequent bubbles will not likely be the fault of the financial sector. Munger: "I do not see why massive derivative books should be mixed up with insured deposits ... [I don't like] bankers acting like investment bankers." (NY Times, WSJ) 9 Comments [Financials]
- Monday, April 29, 10:26 AM Citigroup's (C) reluctance to pare its mortgage assets at fire-sale prices could pay off, says KBW, as it now stands to greatly benefit from rising home prices. It's a flow vs. stock argument as Citi - compared to WFC, JPM, or USB - does a relatively small amount of (now under profit-pressure) mortgage origination volume, but still has loads of questionable paper on its books. Also positioned to benefit is BAC. 3 Comments [Financials]
- Tuesday, April 16, 7:41 AM More on U.S. Bancorp (USB) Q1 earnings: Loan growth of 5.8% Y/Y vs. deposit growth of 7.3%. Loan growth sequentially slowed to 1%. Fee income from mortgage banking drops to $401M from $452M a year ago, $476M in Q4. Net interest margin drops to 3.48% from 3.60 in Q4. Provision for credit losses drops to $403M from $443M in Q4 (just above $0.02/share). Shares +1.1% premarket. (PR) Comment! [Earnings, Financials]
- Tuesday, April 16, 7:02 AM U.S. Bancorp (USB): Q1 EPS of $0.73 in-line. Revenue of $4.87B (-3.3% Y/Y) misses by $0.16B. (PR) Comment! [Earnings, Breaking News, Financials]
- Tuesday, April 16, 12:05 AM Notable earnings before Tuesday’s open: AMTD, BLK, CMA, GS, GWW, JNJ, KO, NTRS, USB, WWW Comment! [Earnings]
- Monday, April 15, 5:30 PM Notable earnings before Tuesday’s open: AMTD, BLK, CMA, GS, GWW, JNJ, KO, NTRS, USB, WWW Comment! [Earnings]
- Friday, April 12, 6:00 AM A break-up of the big banks is on the minds of none other than analysts at the banks themselves. Wells Fargo reckons shareholders might "intensify demands" for it, especially as the likes of Bank of America (BAC), Citigroup (C) and JPMorgan (JPM) trade at discounts of 25-30% to more-focused rivals. JPM's analysts have questioned the viability of running an investment bank "as part of a universal banking business." 7 Comments [Financials, Top Stories]
- Thursday, April 11, 6:38 PM With no. 1 U.S. mortgage lender Wells Fargo (WFC) set to report Q1 earnings tomorrow and several regional banks reporting in coming days, analysts expect results to take a hit from an expected drop in mortgage revenue. Jefferies estimates banks' revenue from originating mortgages could decline 15%-20% Q/Q; "the magnitude of potential declines could catch some [investors] off-guard." 1 Comment [Financials]
- Tuesday, April 9, 11:29 AM Banks this Friday will begin making payments to ~4.2M borrowers whose homes were in any stage of foreclosure in 2009-10. The payments, which will range from $300 to $125K, are compensation for the robo-signing scandal when bank employees said foreclosure documents were correct without reviewing them. Part of the settlement: BAC, C, GS, HBC, JPM, MET, MS, PNC, SAN, STI, USB, WFC. 34 Comments [Financials, U.S. Economy]
- Friday, April 5, 11:40 AM Avoid the "origination-reliant" bank names ahead of Q1 earnings, says FBR's Paul Miller, as the strong mortgage results from the past few reports will likely weaken. Most at risk: BAC, FITB, FBC, USB, STI, and WFC. That mortgage profits have worsened isn't news, but Miller suggests things have gotten worse than previous muted expectations. 16 Comments [Financials]
- Thursday, March 14, 5:22 PM After hours movers in the regional banks: COF +0.6%, FITB +0.9%, KEY - which just announced an increase in the dividend to $0.055 from $0.05 and $426M in share repurchases - up 1%, PNC +0.4%, RF +1.6%, STI -0.3%, USB +0.2%. BBT - whose plan was rejected - off 2.8%. Comment! [On the Move, Financials]
- Thursday, March 14, 5:00 PM More on bank capital return plans: Regions Financial (RF) an increase in the dividend to $0.03 from $0.01, $350M in share repurchases, and the redemption of about $500M in trust preferreds. SunTrust (STI) an increase in the dividend to $0.10 from $0.05 and $200M in share repurchases. U.S. Bancorp (USB) an expected increase in the dividend to $0.23 from $0.19 and $2.25 in share repurchases, 20% more than 2012's total. Comment! [Financials]
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