News
USB-PRM
24.99
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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 · 1d 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 · 2d ago
US BANCORP <USB.N>: UBS CUTS TARGET PRICE TO $43 FROM $47
Reuters · 5d 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 · 5d 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 · 5d ago
CORRECTED-U.S. RESEARCH ROUNDUP-Blackstone, Ellington Financial, Netflix
Blackstone, Ellington Financial, Netflix revise their ratings and price targets on several U.S. Companies. Deutsche Bank raises Abbvie Inc target price to $175 from $170, and cuts it to $140 from $145. Blackstone, ellington financial and Netflix also revise their targets on Friday.
Reuters · 5d ago
U.S. BANCORP <USB.N>: OPPENHEIMER CUTS TARGET PRICE TO $54 FROM $55
Reuters · 6d 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 · 6d ago
US BANCORP <USB.N>: BOFA GLOBAL RESEARCH REMOVES STOCK FROM ITS US 1 LIST
Reuters · 6d 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 · 6d 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 · 6d ago
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 · 6d ago
US BANCORP <USB.N>: KBW CUTS TO MARKET PERFORM FROM OUTPERFORM
Reuters · 6d ago
US BANCORP <USB.N>: PIPER SANDLER CUTS TARGET PRICE TO $43 FROM $46
Reuters · 6d ago
US BANCORP <USB.N>: D.A. DAVIDSON CUTS TARGET PRICE TO $44 FROM $45
Reuters · 6d ago
US BANCORP <USB.N>: JEFFERIES CUTS TARGET PRICE TO $43 FROM $46
Reuters · 6d ago
US BANCORP <USB.N>: BARCLAYS CUTS TARGET PRICE TO $52 FROM $56
Reuters · 6d ago
US STOCKS-Stocks decline as interest rate uncertainty, earnings weigh
U.S. Stocks fall as interest rate uncertainty, earnings weigh United Airlines gains on upbeat Q2 profit forecast. Travelers falls after Q1 profit miss, Prologis drops after disappointing quarterly results. Fed's Beige Book shows slight expansion in economic activity. The S&P 500 is on pace for its fourth straight day of declines.
Reuters · 6d ago
GLOBAL MARKETS-US stocks end down, crude slides amid Fed, geopolitical crosscurrents
U.S. Stocks end down, crude slides amid Fed, geopolitical crosscurrents. All three major US stock indexes end the day in the red. Crude prices fall as tensions in the Middle East remain high. European shares follow sell-off with a slight gain. U.s. Treasury yields and the dollar ease back from multi-month highs.
Reuters · 6d ago
GLOBAL MARKETS-US stocks mixed, crude slides amid Fed, geopolitical crosscurrents
All three major U.S. Stock indexes lose early momentum as crude prices slide. European shares follow sell-off with a slight gain. Crude prices slide as tensions in the Middle East remain high. U.s. Treasury yields and the dollar ease back from multi-month highs. Gold backs down from its all-time high.
Reuters · 6d ago
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About USB-PRM
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.