billion, yahoo runs this forum for advertisement revenue and not to control spam and harassment. They will tolerate whatever it takes to make money.
VSW, "I would disagree. the greatest laughing stock was probably "Gus" (Mickey) on the old WB and now WFC board. He is gone but not forgotten and still has a warm but nauseus spot in our hearts."
Gus would have to still be King of clowns on all yahoo forums. I spent hours playing with the dude but he was fun. Wonder what ever happened to the fantasy man?
uncle KOH, I realize there was a mistake and I admit it. It was neither a typo or grammar, it was a lack of thinking. The correct word would be you're.
I will be the first to admit I make a lot of mistakes.
"Four reasons to invest in U.S. Bancorp
U.S. Bancorp has a long operating history, dated back to 1863, having more than 3,000 branches and nearly 5,000 ATMs. Most of its business, around 47% of its total revenue, was generated from consumer and small business banking while the payment services and wholesale banking & commercial real estate sections accounted for 26% and 19%, respectively, of its total revenue.
First, in terms of profitability and growth, in the past five years, U.S. Bancorp has managed to grow its book value consistently, despite the recent global economic crisis. Its book value increased by 75% from $10.47 per share in 2008 to $18.31 per share in 2012, while its market value per share grew only 28% during the same period. Since 2008, its net interest margin has remained quite high, ranging from 3.58% to 3.88% while the return on equity stayed in the range of 8.2%-16.2%.
Second, in terms of deposits, U.S. Bancorp has managed to attract low-cost deposit types, including interest checking and money market savings. Those two deposit types accounted for nearly 55% of the total interest-bearing deposits while the time certificates of deposit less than $100,000, the most expensive one, represented only 8.6% of the interest-bearing deposits. Actually the largest type of U.S. Bancorp deposit was a noninterest-bearing one, worth $67.2 billion in 2012.
Third, U.S. Bancorp is not so heavy in real estate lending, but rather focusing on retail lending and commercial loans. While the commercial loan is the biggest loan category, accounting for roughly 30% of the total portfolio, other retail loans ranked second, representing 21% of the total loan portfolio. Thus, the recent crisis in the real estate market did not affect the bank as much as its peers such as Wells Fargo and Bank of America . " FWIW
Sorry for the financial post on the USB harassment, political and religious forum.
uncle KOH, you continue to amaze me with your simple post. " How can you make a statement about age difference when you have no idea how old I am?"
I just do some addition based on your post, 42 years at USB, retired for 18 years, gets me to 60. If you were only 18 when you went to work, you were just out of high school and that would make you 78. I know how old I am.
I would suggest you think before you post and the responses you get might be different.
"NEW YORK (MarketWatch) — It’s not an obvious time for it, with the negative news surrounding the country’s largest bank, but J.P. Morgan Chase is trading at its highest-ever level under Chairman and CEO Jamie Dimon.
Shares of J.P. Morgan Chase & Co. JPM +0.09% were nearing $58 early Monday, a level never seen under Dimon’s tenure, which started on the last day of 2005. At only one other time has the stock been this high, and that was for short bursts in 1999 and 2000, when the Internet bubble was still, well, a bubble. In that other bubble, the run-up to the financial crisis, the highest J.P. Morgan’s stock ever got was $53.20 on May 9, 2007." FWIW
Sorry for the financial post on this USB harassment, political and religious forum.
uncle KOH, are you saying this is not the USB harassment forum¿ I will agree that there are some politics and religion mixed in but I see no financial news.
uncle KOH, " Most democrats are normally stupid" Most would imply something over 50%. I don't think there is anyway you can prove that statement to be true.
"Lou Simpson is an investor with an outstanding track record: He returned 24.7% on average annually in his 17 years at GEICO before it was purchased by Warren Buffett’s Berkshire Hathaway (BRK.A)(BRK.B). Simpson stayed on working for Buffett for another decade following the acquisition before retiring in 2011 and opening his own investment-advisory firm, SQ Advisors LLC.
Simpson’s firm began with approximately $1.3 billion in assets under management which had grown to approximately $1.64 billion at March 31, 2013.
U.S. Bancorp (USB)
Simpson increased his holding of U.S. Bancorp by 13,328% in the third quarter. This meant adding 1,865,955 shares at an average price of $37 per share to his existing holding of 14,000 shares purchased at an average of $25 per share in the fourth quarter of 2011, for a total of 1,879,955 shares at quarter-end. U.S. Bancorp shares now comprise 3.7% of his portfolio.
Simpson in the third quarter increased his Wells Fargo position by 20.25%, adding 731,356 shares trading at an average price of $42 to his existing holding of 3,611,414 shares of a holding initiated in the fourth quarter of 2011. His total share count at quarter-end was 4,342,770, comprising 9.6% of his portfolio. "
Sorry for the financial post on the USB harassment and political forum.
"Despite a spectacular sector run-up this year, stocks of major U.S. banks are trading at just half their historical average levels to tangible book value, according to Oppenheimer analyst Chris Kotowski. FWIW
Sorry for the off topic post.
"Recently, U.S. Bancorp Fund Services, LLC, which is a subsidiary of U.S. Bancorp (USB), announced an agreement to acquire Irish-based Quintillion Limited. The deal is consistent with U.S. Bancorp Fund Services’ strategy to develop its securities services operations in Europe.
The deal will result in the addition of $18 billion in hedge fund assets under administration and 53 Dublin-based staff to U.S. Bancorp Fund Services’ present alternative investment operation.
On completion of the deal, U.S. Bancorp Fund Services will have more than 1,100 employees in the offices in Milwaukee, New Jersey, Cayman Islands, London and Dublin. The unit will support $832 billion in assets under administration for around 2,900 funds, including $84 billion of alternative investment assets for investment managers." FWIW
Sorry to interrupt billions bible lesson on this USB harassment forum.
uncle KOH, "gillie: You also can take you sarcasm and shove it."
Would you suggest shoving it plain or with vaseline¿
uncle KOH, "vsw: You really are ignorant."
Your post would be a bit more credible if you could make up your mind and be consistent
You posted this 6 days ago.
"democratlol•Nov 15, 2013 4:19 PM
vsw: I will see what I can find out. Keep up your great posts."
One day it is great and a few days later it is ignorant.