|Bid||0.00 x 1400|
|Ask||0.00 x 1000|
|Day's Range||50.74 - 51.58|
|52 Week Range||43.14 - 55.56|
|Beta (3Y Monthly)||1.28|
|PE Ratio (TTM)||12.24|
|Earnings Date||Jul 17, 2019|
|Forward Dividend & Yield||1.48 (2.78%)|
|1y Target Est||55.23|
U.S. Bancorp (USB) announced today that Chairman, President and CEO Andy Cecere along with Vice Chairman and Chief Financial Officer Terry Dolan will present at the Bernstein Annual Strategic Decisions Conference at 1 p.m. ET on Thursday, May 30, in New York City. A live audio-webcast of the session will be available through U.S. Bancorp's website at usbank.com by clicking on “About Us,” “Investor Relations” and “Webcasts & Presentations.” A replay of the webcast will be available for 90 days after the live event at the same location. U.S. Bancorp, with 74,000 employees and $476 billion in assets as of March 31, 2019, is the parent company of U.S. Bank, the fifth-largest commercial bank in the United States.
U.S. Bancorp (USB) announced today that Vice Chairman of Payment Services Shailesh Kotwal will present at the Deutsche Bank Global Financial Services Conference at 10:15 a.m. ET on Tuesday, May 28, in New York City. A live audio-webcast of the session will be available through U.S. Bancorp's website at usbank.com by clicking on “About Us,” “Investor Relations” and “Webcasts & Presentations.” A replay of the webcast will be available for 90 days after the live event at the same location. U.S. Bancorp, with 74,000 employees and $476 billion in assets as of March 31, 2019, is the parent company of U.S. Bank, the fifth-largest commercial bank in the United States.
Warren Buffett is a fan of dividends. Just look at all the dividend stocks that fill Berkshire Hathaway's (NYSE:BRK.B),NYSE:BRK.A) portfolio. Many of his top holdings send plenty of cash flowing back into BRK.B's coffers, inflating them by billions of dollars each quarter. And for decades, BRK.B has been using those dollars to reinvest and drive the future returns of Berkshire Hathaway stock.Source: Shutterstock However, despite Buffett's love of stocks that pay dividends, Berkshire Hathaway stock doesn't pay one of its own, with Buffett preferring to use the money for other purposes. Over the years, that's been a fine approach. But these days, Buffett and BRK.B may want to rethink that stance. * 7 High-Yield REITs to Buy (Even When the Market Tanks) A huge cash pile, underperformance in recent years by Berkshire Hathaway stock and a lack of appealing elephant-sized takeover targets make the idea of paying a dividend- even a one-time special one- worthwhile for Berkshire Hathaway.InvestorPlace - Stock Market News, Stock Advice & Trading Tips A Growing Problem for Berkshire HathawayCalling BRK.B a cash-generating machine would be an understatement. By design, the organization is set up to produce copious amounts of cash flows from its underlying holdings. Its insurance companies pull in billions from their investments, while Buffett receives billions each quarter in dividends from BRK.B's massive stakes in companies like Coca-Cola (NYSE:KO) and U.S. Bancorp (NYSE:USB). And we can't forget about the dividends/distributions that Berkshire Hathaway's subsidiaries send back to their parent.Historically, Buffett has used this cash primarily to invest in its current businesses, buy new businesses and repurchase Berkshire Hatahaway stock when its shares are cheap enough.The problem is that BRK.B may be producing too much cash these days. At the end of 2018, BRK.B had about $112 billion in cash and equivalents on its balance sheet. That balance has only grown as more of its positions have paid their quarterly dividends into the firm's coffers.The issue is that Buffett and Berkshire are having trouble finding ways to spend that cash.With stocks surging over the last year or so, valuations aren't as cheap as Buffett would like. After all, he is a value investor. As a result, it's difficult for Berkshire to buy more shares of companies in which it already has stakes .Meanwhile, expensive valuations make buying companies outright an expensive proposition. Since Berkshire Hathaway is so big, it takes a large deal to really move the needle for Berkshire Hatahawau stock. Unfortunately, Buffett and the team at Berkshire Hathaway recently haven't found any major company that they like. It's been more than three years since BRK.B carried out a substantial buyout. So, its cash keeps piling up.That could explain Buffett's recent bout of underperformance.Over the long haul, Berkshire Hathaway stock has been a great investment. Since Buffett took over, Berkshire Hathaway has managed to produce a compound annual gain of 21% , versus a compound annual gain of just 9.7% for the S&P 500 during that time.However, the last decade hasn't been so kind for Buffett. BRK.B stock has risen by 259% over the last ten years. That's not bad at all. However, the S&P has returned a total of 314% during that time. This year alone ,the S&P 500 has risen more than twice as rapidly as Berkshire Hatahaway stock. Berkshire Hathaway Should Give It All AwayThere is a relatively easy solution to the problem for Berkshire: enact a dividend of its own. Buffett has notoriously been stubborn on this issue and has said that in 10 or 20 years, the company may decide to institute a dividend. BRK has only paid a dividend once, back in 1967. However, it might be a good idea for for Berkshire Hathaway stock to start paying one.For one thing, Buffett's argument that it's better to use the money for investments is only valid if he actually puts the cash to work. Handing some of the cash back to investors as a dividend would certainly remove some of the drag on the performance. of Berkshire Hathaway stock.And Buffett wouldn't have to get rid of all of the cash. If Berkshire Hathaway last year- after kicking out the issues with Kraft Heinz (NYSE:KHC) - put 42% of its profits into dividends, it would have spent about $20 billion on the payouts. In that scenario, Buffett would still have had plenty of cash to play with. In fact, about five years ago, Buffett had only about $42 billion in cash on Berkshire's balance sheet, and he was perfectly content and performed better.By paying a dividend, BRK.B would remove one of Buffett's main complaints about Berkshire Hathaway as well. That is, that Berkshire Hathaway stock constantly trades at a huge discount to book value. If Buffett was to pay an annual dividend or even a one-time large special payout and remove some of the excess cash, the owners of Berkshire Hathaway stock would receive an improved return on their investment. Most likely, they would enjoy higher share prices and higher net asset value. Here's Hoping Berkshire Hathaway Starts Paying UpBuffett is an amazing investor and has steered Berkshire Hathaway towards enviable returns that may have been too good. BRK just throws off too much cash these days. It's a great problem to have, but it is starting to significantly hinder the performance of BRK.B stock. Initiating a one-time, special dividend or annual payout would go a long way towards removing that excess cash from Berkshire's balance sheet, while improving the performance of BRK.B stock. At the time of writing, author Aaron Levitt did not hold a position in any of the stocks mentioned. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 High-Yield REITs to Buy (Even When the Market Tanks) * 5 Great Blue-Chip Stocks to Buy Today * 7 Tech Stocks to Buy That Are Also Perfect for Retirement Compare Brokers The post Berkshire Hathaway Stock Should Pay a Special Dividend appeared first on InvestorPlace.
The Zacks Analyst Blog Highlights: Walmart, American Tower, U.S. Bancorp, Humana and Royal Caribbean
U.S. Bancorp (USB) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Investment company Tweedy Browne CO LLC buys US Bancorp, sells AutoZone Inc, Union Pacific Corp during the 3-months ended 2019Q1, according to the most recent filings of the investment company, Tweedy ...
The big shareholder groups in U.S. Bancorp (NYSE:USB) have power over the company. Insiders often own a large chunk of...
U.S. Bank welcomes spring with the launch of a comprehensive suite of industry-leading digital tools that will benefit homeowners – simple, smart and secure digital applications for home mortgages, home equity loans and home equity lines of credit, or HELOCs. The enhanced digital experiences include simplified applications that can be self-guided or completed in consultation with a U.S. Bank professional, and capable of generating loan approval recommendations within minutes.
The veteran banker will continue to live in the East Bay as he leads the Sacramento-based Western Bankers Association.
U.S. Bancorp (USB) announced today that Andy Cecere, chairman, president and chief executive officer, and Terry Dolan, vice chairman and chief financial officer, will present at the Barclays Americas Select Franchise Conference 2019. To access a live audio webcast of the presentation, visit U.S. Bancorp’s website at usbank.com and click on “About Us,” “Investor Relations” and “Webcasts & Presentations.” A replay of the webcast will be available after the live event at the same location on the website and will remain posted for 90 days. U.S. Bancorp, with 74,000 employees and $476 billion in assets as of March 31, 2019, is the parent company of U.S. Bank, the fifth-largest commercial bank in the United States.
U.S. Bank and Chrome River today introduced the U.S. Bank Expense Wizard – a new payment product combining both virtual payments and expense reporting in a mobile app powered by chatbots and Artificial Intelligence (AI) – at the Finovate Spring Show in San Francisco. Expense Wizard is a travel expense management tool with a one-of-a-kind mobile app and a virtual assistant that makes it easy for employees to arrange travel within company policies, pay with a virtual card in a mobile wallet and capture and file receipts for expense reports as they go through their trip. It also is the first to offer a virtual card into an infrequent traveler’s mobile wallet.
U.S. Bank also places on specialty lists for Employee Resource Groups, Philanthropy and Top Companies for LGBT Employees. U.S. Bank has been named to DiversityInc’s Top 50 Companies for Diversity List. Since 2001, the list has recognized companies for their exceptional commitment to diversity and inclusion.
With customers valuing convenience and experience, Paul DiPaola and U.S. Bank believe the bank's modifications fall in line with their demands.
U.S. Bancorp NYSE:USBView full report here! Summary * Perception of the company's creditworthiness is neutral * Bearish sentiment is low * Economic output in this company's sector is expanding Bearish sentimentShort interest | PositiveShort interest is extremely low for USB with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting USB. Money flowETF/Index ownership | NeutralETF activity is neutral. The net inflows of $6.07 billion over the last one-month into ETFs that hold USB are not among the highest of the last year and have been slowing. Economic sentimentPMI by IHS Markit | PositiveAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Financials sector is rising. The rate of growth is strong relative to the trend shown over the past year. Credit worthinessCredit default swap | NeutralThe current level displays a neutral indicator. USB credit default swap spreads are within the middle of their range for the last three years.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Billionaire Warren Buffett is currently in the news cycle for potentially financing Occidental's takeover bid for Anadarko to the tune of $10 billion. Although Chevron previously made a bid for Anadarko, Occidental has made a higher bid with the help of Buffett. In return Warren Buffett will receive 100,000 shares of cumulative perpetual preferred stock […]
The U.S. Bank Freight Payment Index, a quarterly analysis of freight shipment volumes and spend by companies shipping goods, revealed mixed results for the first quarter of 2019 and moderation after record highs in 2018.
Dee O’Dell is the Charlotte-based consumer and business banking regional executive for the eastern region. He shared more details on what's to come for U.S. Bank in the Charlotte market.
It's the second bank to recently announce plans of adding a retail presence in the Charlotte market.
Bank of America posted its first-quarter earnings on April 16. Revenue was down slightly from last year, totaling $23 billion, but net income rose to $7.3 billion from $6.9 billion last year. Earnings per share were 70 cents, beating expectations of 66 cents.
In fall 2019, U.S. Bank will expand its retail banking presence to a new state with the opening of its first branch in Charlotte, N.C. Retail banking expansion complements an already strong U.S. Bank presence in Charlotte, which is home to roughly 800 employees across several business areas, including Corporate & Commercial Banking, Investment Services, Risk & Compliance and Mortgage. U.S. Bank is in the process of filing its application for expansion in North Carolina with the Office of the Comptroller of the Currency. “U.S. Bank operates across the country with a commitment to community vibrancy and economic vitality.
A judge on Thursday ordered banks to comply with a request from Puerto Rico's federally created financial oversight board to disclose customer information related to certain debt issued by the bankrupt U.S. commonwealth. The ruling boosts a potential effort by the board to recover billions of dollars in payments made to bondholders should a federal court hearing Puerto Rico's bankruptcy cases choose to invalidate disputed debt issued by the government and its agencies. U.S. Magistrate Judge Judith Gail Dein's order said "good cause exists" to grant the board's motion, which seeks to compel banks to submit bondholder names and addresses along with Puerto Rico debt payments the bondholders received between 2013 and 2017.