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U.S. Bancorp Message Board

bushman47 4 posts  |  Last Activity: Jul 16, 2014 10:18 AM Member since: Apr 25, 2008
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  • Reply to

    USB beat revenue estimates

    by mr.schnider Jul 16, 2014 9:26 AM
    bushman47 bushman47 Jul 16, 2014 10:18 AM Flag

    Net income of $1.495B or $0.78 per share vs. $1.484B and $0.76 one year ago. The quarter included the $200M FHA mortgage settlement along with $214M pretax gain from sale of Visa shares - combined, the two had no impact to the headline number.
    Net interest income of $2.744B up 2.7% Y/Y, with NIM of 3.27% down 16 basis points.
    Noninterest income of $2.444B up 7.4% Y/Y, boosted by the previously-mentioned sale of Visa shares. Mortgage banking revenue of $278M fell 30%, but modest gains were seen across nearly all the rest of the bank's other fee categories.
    Noninterest expense of $2.753B up 7.7% Y/Y thanks to the previously-mentioned FHA settlement, along with a 2.5% rise in compensation expense.
    ROA of 1.6%, ROE of 15.1%, and efficiency ratio of 51.3% (after excluding notable items) all continue to lead the industry.

  • Reply to

    USB beat revenue estimates

    by mr.schnider Jul 16, 2014 9:26 AM
    bushman47 bushman47 Jul 16, 2014 10:11 AM Flag

    Mr. Schnider,

    The third quarter conference call is going on now. I recommend it to all investors.


  • Reply to

    schnider, dhau, bushman, anyone

    by keebon Jul 13, 2014 2:58 PM
    bushman47 bushman47 Jul 15, 2014 2:49 AM Flag

    I am fully invested now so not doing much trading lately. I may lighten up just a little on some USB if it gets to $44-$45. Last purchase was some international & emerging markets mutual funds

  • Reply to

    stock ideas?

    by keebon Jul 1, 2014 8:55 PM
    bushman47 bushman47 Jul 11, 2014 1:34 AM Flag

    Hi Dhau,

    Glad to see a post from you. I am still here. Just not posting much as most of the board seems to be about politics and other non stock stuff.

    Are you in either V or MA? I have been wondering for a while what you have been doing with these. I am in both in one of my managed accounts.

    Good Luck,


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