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U.S. Bancorp (USB)

- NYSE
  • Nov. 18, 2011, 6:55 PM
    I'd be buying bank stocks "hand over fist," says banking analyst Dick Bove. "On a fundamental basis, it's almost impossible to believe that these stocks are not dramatically underpriced." As he sees it, investors should be taking advantage of the turmoil in Europe to buy, not sell every time the market "freaks out" over fears of the sovereign debt crisis spreading. His picks: Bank of America (BAC), Morgan Stanley (MS), State Street (STT) and US Bancorp (USB).
    | 59 Comments
  • Nov. 14, 2011, 4:26 AM
    Banks may not be charging for debit cards, but they have added or raised other "under-the-radar" fees instead. BofA (BAC) charges $5-$20 for replacing a credit card, while U.S. Bancorp (USB) wants 50 cents a check to deposit money with a mobile phone. "We’ll see if our customers complain and move, or just complain," says USB's CEO.
    | 2 Comments
  • Nov. 3, 2011, 2:05 PM
    TheStreet.com says regional banks are using acquisitions to build market share and grow revenues with European banks exiting the U.S. market to concentrate on their sovereign debt headaches. Despite facing exposure to the U.S. economy and pressure on margins from low interest rates, regionals looks ripe to outperform. Picks: USB, WBS, FITB, EWBC, PNC.
    | 2 Comments
  • Oct. 25, 2011, 11:44 AM
    As big deals become scarce and the financial industry sheds jobs, Wall Street bankers are taking positions at smaller regional banks such as KeyCorp (KEY), Fifth Third (FITB), SunTrust (STI) and US Bancorp (USB). Those banks are having no trouble beefing up their investment banking operations, WSJ reports, despite pay cuts of as much as 75%.
    | 1 Comment
  • Oct. 21, 2011, 8:14 PM
    What happens in Europe is irrelevant to U.S. banks, says Dick Bove. It may mean everything to investors, but it has nothing to do with the operating earnings of these companies. Regional banks, trust banks and national banks are all doing quite well. His top picks: U.S. Bancorp (USB), PNC (PNC), BNY Mellon (BK), State Street (STT) and Northern Trust (NTRS). (video)
    | 25 Comments
  • Oct. 19, 2011, 7:32 AM
    U.S. Bancorp (USB): Q3 EPS of $0.64 beats by $0.02. Revenue of $4.8B (+4.5% Y/Y) beats by $90M. (PR)
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  • Oct. 19, 2011, 12:05 AM
    Notable earnings before Wednesday's open: ABT, APH, APOL, BK, BLK, BPOP, CMA, DRH, FCX, KCG, MS, MTB, NTRS, NYB, PNC, ROC, SEIC, ST, STJ, SVU, TIN, TRV, TXT, USB, UTX
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  • Sep. 26, 2011, 4:57 PM
    Bank stocks were among the day's big winners, fueled by Berkshire Hathaway's (BRK.A +8.1%) buyback and cautious eurozone optimism. JPM +7%. MS +6.5%. C +7%. USB +5%. BAC +4.6%. GS +4.2%. STI +8%.
    | 2 Comments
  • Sep. 20, 2011, 11:11 AM
    Bank stocks (XLF +1.1%) are "extraordinarily undervalued," Oppenheimer's Chris Kotowski writes, arguing that fears over margin pressure from a prolonged cycle of low interest rates ignores positive offsets, such as improvements in asset quality. So long as there are lending opportunities, net interest margin will take care of itself, Kotowski believes.
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  • Sep. 14, 2011, 12:27 PM
    Bank of America's (BAC) difficulties could mean gains for smaller players like PNC, U.S. Bancorp (USB), and Toronto-Dominion (TD). These lenders can pick up market share as well as assets on the cheap that BofA is unloading. "Whoever is most aggressive ... will benefit," says Chris Thornberg.
    | 3 Comments
  • Aug. 30, 2011, 11:04 AM
    US Bancorp (USB) sues Bank of America (BAC), alleging breach of contract on a pool of mortgages it bought from Countrywide in 2005. The suit alleges the mortgages were made in violation of the lender's underwriting standards and quickly turned delinquent, at which point Countrywide refused to buy back the paper.
    | 1 Comment
  • Aug. 15, 2011, 5:15 PM
    Financial stocks recouped some of their early-August losses today. Bank of America (BAC +7.9%) headlined the winners, thanks to its credit card business sale and positive news regarding its Countrywide lawsuits, but other big names also got a lift. MS +6.1%. AIG +6%. C +4.8%. WFC +3.7%. STI +5.9%. USB +3.7%.
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  • Aug. 9, 2011, 12:54 PM
    Faint praise but they'll take it, as Citigroup (C +8.7%) now leads the bounce in financial shares (XLF +3.5%) after Oppenheimer analysts write it is much better positioned to weather a recession now than in 2008. Other banks on the Oppenheimer note’s favored list include Wells Fargo (WFC +5.1%), which was also upgraded earlier, JPM +3.3% and USB +2.5%. BAC now +7.7%.
    | 1 Comment
  • Jul. 20, 2011, 7:30 AM
    More on U.S. Bancorp's (USB) earnings: Tier 1 common ratio of 8.4%. Tier 1 capital ratio of 11%. Provision for credit losses was $572M, $183M lower than Q1 and $567M lower than Q2 2010. (PR)
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  • Jul. 20, 2011, 7:22 AM
    U.S. Bancorp (USB): Q2 EPS of $0.60 beats by $0.06. Revenue of $4.69B (+3.8% Y/Y). (PR)
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  • Jul. 20, 2011, 12:05 AM
    Notable earnings before Wednesday's open: ABT, APH, BLK, BPOP, DGX, EMC, HBI, HCBK, HST, JCI, KCG, MO, MTB, NTRS, PNC, STJ, TEL, TXT, USB, UTX
    | Comment!
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Company Description
U.S. Bancorp is a multi-state financial holding company. It provides financial services through its subsidiaries, including lending and depository services, cash management, foreign exchange and trust and investment management services.