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US BANCORP <USB.N>: UBS CUTS TARGET PRICE TO $43 FROM $47
Reuters · 3h ago
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 · 4h ago
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 · 5h ago
U.S. BANCORP <USB.N>: OPPENHEIMER CUTS TARGET PRICE TO $54 FROM $55
Reuters · 1d ago
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 · 1d ago
US BANCORP <USB.N>: BOFA GLOBAL RESEARCH REMOVES STOCK FROM ITS US 1 LIST
Reuters · 1d ago
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 · 1d ago
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 · 1d ago
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