News
USB-PRO
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US BANCORP <USB.N>: JP MORGAN CUTS TARGET PRICE TO $43.50 FROM $45
Reuters · 1d ago
U.S. RESEARCH ROUNDUP- Air Products and Chemicals, Geron, PayPal
Wall Street analysts revise ratings and price targets on several U.S.-listed companies. Air Products and Chemicals, Geron, PayPal, and PayPal among those revised. 3M Co, Amazon, and other companies also see price targets cut by Wall Street analysts. Some analysts raise target prices for some companies.
Reuters · 1d ago
U.S. BANCORP TO SPEAK AT THE BARCLAYS AMERICAS SELECT FRANCHISE CONFERENCE 2024
Reuters · 2d ago
UPDATE 4-GM in talks with Barclays to replace Goldman Sachs in credit card partnership -source
GM in talks with Barclays to replace Goldman Sachs in credit card partnership -source. Goldman Sachs had planned to scrap its co-branded credit cards with GM last November. Source says GM is in talks to replace existing partner Goldman Sachs GS.N. The credit card program was launched in 2022.
Reuters · 2d ago
UPDATE 3-Goldman Sachs in talks to transfer GM credit card partnership to Barclays, WSJ reports
Goldman Sachs in talks to transfer GM credit card partnership to Barclays, WSJ reports. Barclays is the leading candidate to take over issuance of the credit cards, report says. Goldman Sachs had planned to scrap its co-branded credit cards with GM last November. The credit card program has about $2 billion of outstanding balances.
Reuters · 2d ago
BUZZ-Microsoft, Oracle among potential TikTok buyers, Wedbush says
Brokerage Wedbush says potential buyers for TikTok could include Microsoft and Oracle. House of Representatives passed a bill that would ban TikTok in US if it is sold. China may retaliate against U.S. Companies if forced sale or ban of TikTok is forced.
Reuters · 04/22 15:55
ANALYSIS-US consumers on lower incomes face loan stress while banks pull back
US consumers on lower incomes face loan stress while banks pull back. Bank of America's charge-offs rose to $1.5 billion in first quarter from $807 million a year earlier. Household finances for those earning less than $45,000 are deteriorating. Banks are becoming more cautious about lending to consumers on higher incomes.
Reuters · 04/22 10:30
US BANCORP <USB.N>: UBS CUTS TARGET PRICE TO $43 FROM $47
Reuters · 04/19 14:13
WRAPUP 2-Wall St sees more pain ahead for US mid-sized lenders after dull Q1
U.S. Mid-sized banks' profits to remain under pressure for most of 2024, analysts say. Regions Financial, Fifth Third Bancorp and others reported smaller first-quarter profits on Friday. Net interest margin contracted across regional lenders for the second straight quarter. High interest rates have stymied loan growth and pushed up deposit costs.
Reuters · 04/19 13:04
Fifth Third Bancorp's quarterly profit falls on lower interest income
Fifth Third Bancorp's quarterly profit falls on lower interest income. Higher deposit costs weighed on the lender's interest income in the first quarter. Regional banks have increased the interest rates they offer on deposit accounts to retain customers. The bank's total average deposits rose 5% to $168.12 billion.
Reuters · 04/19 11:35
U.S. BANCORP <USB.N>: OPPENHEIMER CUTS TARGET PRICE TO $54 FROM $55
Reuters · 04/18 12:06
CORRECTED-BREAKINGVIEWS-Wells Fargo has worn its dunce cap long enough
Wells Fargo was prohibited from getting bigger for a series of flagrant customer abuses. John Foley says the bank has worn its dunce cap long enough. He says the $2 trillion cap on assets is costly to Wells Fargo. The bank missed out on $540 billion of deposit growth, he says.
Reuters · 04/18 12:00
US BANCORP <USB.N>: BOFA GLOBAL RESEARCH REMOVES STOCK FROM ITS US 1 LIST
Reuters · 04/18 10:04
MORNING BID AMERICAS-Recoiling oil and dollar sow calm as tech earnings loom
Recoiling oil and dollar sow calm as tech earnings loom in U.S. And global markets. Sharp retreat in oil prices and a joint warning from major economies against excessive dollar strength have helped calm markets. The dollar has fallen back in tandem after four straight days of losses for Wall St stocks. Big Tech earnings start to hit as Netflix kicks off the US Big Tech reporting season on Thursday.
Reuters · 04/18 10:00
BUZZ-Street View: Investors to adopt 'wait-and-see' approach for U.S. Bancorp's NII
U.S. Bancorp USB.N cut its forecast for full-year interest income and reported a 22% fall in first-quarter profit. Higher deposit costs and a larger corpus of rainy-day funds continue to weigh on the sector. KBW says investors to adopt 'wait-and-see' approach for bank's NII.
Reuters · 04/18 09:37
U.S. RESEARCH ROUNDUP- Builders Firstsource, Eli Lilly, Northern Trust
Wall Street analysts revise their ratings and price targets on several U.S.-listed companies. Builders Firstsource, Eli Lilly, Northern Trust and Abbott Laboratories are among those. Alphabet Inc raises its target price to $165 from $160. TenX Genomics Inc, a maker of DNA sequencing equipment, is downgraded to hold from sell.
Reuters · 04/18 07:33
US BANCORP <USB.N>: KBW CUTS TO MARKET PERFORM FROM OUTPERFORM
Reuters · 04/18 05:47
US BANCORP <USB.N>: PIPER SANDLER CUTS TARGET PRICE TO $43 FROM $46
Reuters · 04/18 05:03
US BANCORP <USB.N>: D.A. DAVIDSON CUTS TARGET PRICE TO $44 FROM $45
Reuters · 04/18 04:37
US BANCORP <USB.N>: JEFFERIES CUTS TARGET PRICE TO $43 FROM $46
Reuters · 04/18 04:36
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About USB-PRO
U.S. Bancorp is a financial services holding company. The Company provides a range of financial services, including lending and depository services, cash management, capital markets, and trust and investment management services. It also engages in credit card services, merchant and automated teller machine (ATM) processing, mortgage banking, insurance, brokerage and leasing. Its banking subsidiary, U.S. Bank National Association, is engaged in the general banking business and offers commercial and consumer lending, lending services, depository services and ancillary services. Its non-banking subsidiaries offer investment and insurance products to the Company's customers principally within its domestic markets, and fund administration services to a range of mutual and other funds. The Company's bank and trust subsidiaries provide a range of asset management and fiduciary services for individuals, estates, foundations, business corporations and charitable organizations.