|Bid||27.09 x 1000|
|Ask||27.10 x 800|
|Day's Range||27.06 - 27.12|
|52 Week Range||25.99 - 28.18|
|Beta (3Y Monthly)||-0.00|
|PE Ratio (TTM)||6.36|
|Forward Dividend & Yield||1.62 (6.00%)|
|1y Target Est||N/A|
U.S. Bancorp is releasing a new advertising campaign created by Carmichael Lynch. The new ads showcase the bank's new mobile app that launched this spring, as well as commercial banking services. "We partner with our customers at every stage of their financial journeys — helping them in the big moments and being there during the small steps in between those milestones," Beth McDonnell, U.S. Bank's executive vice president and chief marketing officer, said in a statement.
Denver and Colorado as a whole remain a “growth market” for U.S. Bank, despite its recent bank closures.
The five-year investment makes U.S. Bank a part of the Corporate Leadership Council, a group of corporate donors committed to diversity, equity and inclusion.
One of the biggest of those tenants, the law firm Fredrikson & Byron, confirmed to the Business Journal that it’s begun a site search in downtown.
I believe the outcome of the past 6+ months with regards to global trade, currency devaluations, and consumer sentiment will result in weaker US earnings in Q2 than at any time over the past 3+ years.
Banking regulators said large banks will not get an exemption from the Volcker rule, months after Yahoo Finance reported that large banks were consulting with a former Trump regulator on a possible workaround.
U.S. Bancorp NYSE:USBView full report here! Summary * Perception of the company's creditworthiness is positive * Bearish sentiment is low * Economic output for the sector is expanding but at a slower rate 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 $4.89 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 | NegativeAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Financials sector is rising. The rate of growth is weak relative to the trend shown over the past year, however, and is easing. Credit worthinessCredit default swap | PositiveThe current level displays a positive indicator. USB credit default swap spreads are near the lowest level of the last one year and indicate improvement in the market's perception of the company's credit worthiness.Please send all inquiries related to the report to firstname.lastname@example.org.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.
Dee O’Dell started as U.S. Bank's regional executive for consumer and business banking in the east region on April 1. Here's why that newly created role is important.
Insider Monkey tracks hedge funds, billionaires, and prominent value investors for a very simple reason: their consensus picks generally outperform the market. We aren’t the only research shop broadcasting this fact using a bullhorn. Here is what strategist Ben Snider said in Goldman Sachs’ periodic hedge fund report: “Despite the strong track record of popular […]
The U.S. Supreme Court on Friday agreed to consider reviving a class action lawsuit against U.S. Bancorp that accused it of mismanaging an employee pension plan in a manner that violated the Employee Retirement Income Security Act (ERISA). The justices took up an appeal by the bank's pension plan beneficiaries of a lower court ruling that threw out the lawsuit because the plan's participants had not suffered any personal financial harm and lacked the necessary legal standing to sue. The plaintiffs said the plan's administrators pursued an investment strategy that, beginning with the 2008 financial crisis, led to nearly $750 million in losses.
(Bloomberg) -- The U.S. Supreme Court agreed to consider giving workers who participate in pension plans more ability to sue when they believe the money is being mismanaged.The justices will hear arguments in their next term from retired U.S. Bancorp employees who say their plan lost more than $1 billion during the 2008 market crash because the company invested all the plan’s assets in high-risk equities.The case affects workers in defined-benefit plans, in which retirees are entitled to a specific level of income and don’t have individual accounts.A federal appeals court said two retired workers couldn’t sue because the U.S. Bancorp plan had become overfunded, meaning the employees weren’t at any imminent risk of financial loss. That was at least in part because the company injected more than $300 million into the plan after the suit was filed in 2013.The retired workers, James J. Thole and Sherry Smith, say a federal employee-benefits law allows suits as a way to police misconduct among plan managers, even when plans are overfunded. The Trump administration joined the retirees in asking the court to take up the case, calling the issue “an important question that arises with some frequency.”U.S. Bancorp urged the court to reject the appeal, saying Congress didn’t intend for plans to face costly litigation when participants haven’t been injured. The company said Thole and Smith have received their full benefits every month since their retirements.The case is Thole v. U.S. Bank, 17-1712.To contact the reporter on this story: Greg Stohr in Washington at email@example.comTo contact the editors responsible for this story: Joe Sobczyk at firstname.lastname@example.org, Laurie AsséoFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
The new top executive for the bank in the state has worked in the Phoenix office for the past two years and previously had jobs with two other banks in the Valley market.
Ryan Cos. US Inc. plans to demolish a U.S. Bank corporate building in Edina and replace it with 200 apartments, a new bank branch and retail space.
Charlotte, North Carolina is the focal point of a brewing war between the big banks, as BB&T and SunTrust merge and giants Chase and U.S. Bank move in.
Hedge funds run by legendary names like George Soros and David Tepper make billions of dollars a year for themselves and their super-rich accredited investors (you’ve got to have a minimum of $1 million liquid to invest in a hedge fund) by spending enormous resources on analyzing and uncovering data about small-cap stocks that the […]
If you're a U.S. Bank customer, there's a good chance you hold Ankit Bhatt's handiwork in your hands every day. Bhatt, senior vice president of Omnichannel Experience for U.S. Bank, was tasked with overseeing the company's new mobile banking app. He and his team released the app in early April, less than a year after starting the project and at a time when the Minneapolis-based bank is focused on mobile and technological capabilities. Bhatt's work was so successful he was just named Digital Banker of the Year in June by American Banker. U.S. Bank's new app provides users with more real-time analytics on spending, cashflow and trends.