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usbman

usbman
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  • Two months into 2013, U.S. Bancorp (USB) CEO Richard Davis is seeing nothing to change his expectation this will be a difficult year for growing revenue. Is he laying people off? No, but he's not hiring only to find out the business isn't there. USB plans to remain active in acquisitions, but not purchases of other banks as owners have too fanciful an idea of what they're worth. (presentation slides[View news story]
    I think every bank will have a hard time growing revenue this year. Except for the ones taking too much risk. USB will not take that unneeded risk which makes them the top bank in the US today.
    Mar 5 01:12 PM | Likes Like |Link to Comment
  • U.S. Bancorp (USB) declares $0.195/share quarterly dividend, in line with previous. Forward yield 2.28%. For shareholders of record Sep 28. Payable Oct 15. Ex-div date Sep 26. (PR[View news story]
    I am a retired bank exec (not USB), and invest small sums in undervalued companies. I was disappointed that USB didn't raise their dividend now, instead of in December, which I think they have done in the past. They have the cash, they have the reputation of sharing good earnings with their shareholders, and they have control of a good portion of their market. I think the stock is fully valued right now in the $34 range. Long-term value in 3-4 years is probably in the $50 range. This comes from an amateur, not a professional, so don't beat me up!
    Sep 18 10:46 PM | Likes Like |Link to Comment
  • Can These 6 Financials Hike Dividends In 2012? [View article]
    I'd bet on USB raising their dividend before any of these mentioned.
    Feb 22 01:50 AM | Likes Like |Link to Comment
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