News
USB
41.61
+1.56%
0.64
Main Street Banking Model Is Being Squeezed
Regional banks posted steep profit declines in the first quarter. Profit fell by more than a fifth from a year earlier. Higher interest rates have taken a toll on regional banks. One bright spot for some regional banks: a rebound in fee businesses. Banks are still under scrutiny after three high-profile failures.
The Wall Street Journal · 1d ago
U.S. Bancorp: Headwinds Persist
Seeking Alpha · 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 · 3d ago
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 · 3d ago
Weekly Report: what happened at USB last week (0415-0419)?
Weekly Report · 3d ago
Analysts Offer Insights on Financial Companies: US Bancorp (USB), Blackstone Group (BX) and AIA Group (OtherAAIGF)
TipRanks · 3d ago
US Bancorp Price Target Cut to $43.00/Share From $47.00 by UBS
Dow Jones · 6d ago
US Bancorp Is Maintained at Neutral by UBS
Dow Jones · 6d ago
UBS Maintains Neutral on U.S. Bancorp, Lowers Price Target to $43
Benzinga · 6d ago
US BANCORP <USB.N>: UBS CUTS TARGET PRICE TO $43 FROM $47
Reuters · 6d 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 · 6d 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 · 6d ago
Banks Believe They Are Well Prepared for Commercial Real Estate Fallout -- Heard on the Street
Large banks that are office lenders are avoiding big hits to their earnings. Banks have already set aside sizable reserves for future losses on office loans. Bank of America recorded 16 office loan charge-offs in the first quarter. Banks are mostly keeping their office-loan reserve ratios elevated.
The Wall Street Journal · 6d ago
US Bancorp Shareholders Endorse Directors and Strategic Plans
TipRanks · 6d ago
USB Dividend Yield Pushes Past 5%
NASDAQ · 6d ago
These Analysts Cut Their Forecasts On U.S. Bancorp Following Q1 Results
U.S. Bancorp reported upbeat first-quarter FY24 earnings on Wednesday. Revenue stood at $6.7 billion and adjusted earnings per share came in at 90 cents. USB shares fell 0.2% to trade at $39.43 on Thursday.
Benzinga · 6d ago
US Bancorp Is Maintained at Neutral by DA Davidson
Dow Jones · 6d ago
US Bancorp Price Target Cut to $44.00/Share From $45.00 by DA Davidson
Dow Jones · 6d ago
DA Davidson Maintains Neutral on U.S. Bancorp, Lowers Price Target to $44
Benzinga · 6d ago
US Bancorp Is Maintained at Overweight by Wells Fargo
Dow Jones · 04/18 16:38
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About USB
U.S. Bancorp is a financial service holding company. The Company’s major lines of business are Wealth, Corporate, Commercial and Institutional Banking, Consumer and Business Banking, Payment Services, and Treasury and Corporate Support. 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 ATM processing, and others. Its banking subsidiary, U.S. Bank National Association (USBNA), is engaged in the banking business, principally in domestic markets. USBNA provides a range of products and services to individuals, businesses, institutional organizations, governmental entities, and other financial institutions. 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.