GreedIsGood

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    • Wed Jan 16th 17:07 PM | Rating: 0 0
      Commented on:
      US Bancorp Is Whistling Through the Graveyard
      This blog has no substance. I love it how everyone is worried about the bank stocks cutting their dividends...then you have USB that increases their dividends and this guy is critical. I guess you can't please everyone. 111% return to shareholders is a very good thing. Remember, a large portion of that 111% comes in the form of share buybacks. Obviously, that is a signal that senior management believes they are undervalued. Doesn't that give you more comfort than other bank stocks?

      I also love how he questions the loan loss provision and says it needs to be scrutinized. OK, fine...go ahead and analyze it and tell us if you are concerned. USB has a strong credit culture. Very little subprime exposure. I wouldn't try to lump them in with the Citis, Wamus or Countrywides.

      To Reinko: Good stuff, but what does that have to do with USB?
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