|Bid||0.00 x 4000|
|Ask||0.00 x 800|
|Day's Range||50.35 - 50.66|
|52 Week Range||49.03 - 58.50|
|PE Ratio (TTM)||14.40|
|Forward Dividend & Yield||1.20 (2.36%)|
|1y Target Est||N/A|
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.
Warren Buffett, the billionaire investor and famed Oracle of Omaha, saw the stock portfolio of his Berkshire Hathaway decline by about $2 billion in Q1, according to recent filings with the SEC. The top five positions in Buffett's portfolio represent a whopping two thirds of the entire 13F investment package for the company. As of the end of March, AAPL was the largest portfolio stake for Berkshire Hathaway, accounting for more than 21% of the company's investments, according to its 13F filing.
Wells Fargo, Kroger, Intel, Tesla, CBS and Fox are the companies to watch.
Citigroup’s (C) balance sheet expansion continued in 1Q18 helped by deposits, growth in assets under management, and credit card lending partially offset by the disposal of legacy assets and repurchases. The bank is targeting higher ROE (return on equity) by improving operating performance and engaging in buybacks. Its return on average equity rose to 9.7% in 1Q18 from 7.4% in 1Q17 mainly due to higher revenues, lower credit costs, and lower taxes.
Moody's Investors Service has confirmed the ratings on 65 tranches in 33 structured note transactions, which were previously placed on review for downgrade on March 5, 2018. The actions are prompted by the rating actions on U.S. Bancorp and U.S. Bank National Association (the "Underlying Banks") announced on May 9, 2018. Please click on this link http://www.moodys.com/viewresearchdoc.aspx?docid=PBS_SF471374 for the List of Affected Credit Ratings.
US banks (XLF) have seen subdued credit offtake amid rising interest rates over the past few quarters. Thus, bankers are looking to business outside of the US to expand their lending books, credit card business, and add new assets under management. Europe, the Middle East, and emerging markets have seen strong growth in recent quarters with stable growth in strategic transactions, fundraising, and joint ventures. Citigroup’s (C) Global Consumer Banking segment’s revenue grew 7% to $8.4 billion in 1Q18.
U.S. Bank has no retail-banking footprint here, but its corporate clients here know the name well. The company’s presence has exploded over the last decade in Charlotte, where it now employs almost 800 people.
Moody's Investors Service ("Moody's") has confirmed the long-term ratings of U.S. Bancorp and its subsidiaries (USB), including its bank subsidiary, U.S. Bank National Association (U.S. Bank). The senior unsecured and subordinated debt ratings of U.S. Bancorp were confirmed at A1.
The Zacks Analyst Blog Highlights: Berkshire Hathaway, Pfizer, U.S. Bancorp, Tesla and Celgene
When you discuss bank stocks, the ones to cover are the four ‘too big to fail’ money center banks and the five largest super regional banks. Citigroup faces fines of up to $335 million for raising credit card rates on consumers who missed monthly payments. Throughout the "Great Credit Crunch" and the recovery that followed, these big banks as well as super regional banks BB&T (BBT), M&T Bank (MTB), PNC Financial (PNC), SunTrust Banks (STI) and U.S. Bancorp (USB) have been stifling homeowners, consumers and small businesses on Main Street USA.
Two of the big banks behind person-to-person payment system Zelle said this week they're committed to keeping their customers' accounts secure, after a report of scams aimed at Zelle users.
The Federal Reserve’s new proposals to update its stress test will likely lead to lower capital levels for regional U.S. banks, and could result in a ratings downgrade for some, according to a S&P Global Ratings report released Tuesday. Fed officials had said the stress test reform proposal was aimed at making capital regulation more efficient.
Synchrony Financial's (SYF) better-than-expected Q1 earnings impress with solid loan receivable and deposit growth. However, the rising level of loan loss provision poses a risk to the stock.
Investor sentiment remained upbeat on banks' Q1 earnings, with the major players displaying top-line strength on the back of higher rates and improved trading.
The company reported higher lending income, but fee-based income was lower and some investors worried about rising expenses.
BancorpSouth's (BXS) Q1 results reflect rise in revenues and robust loan growth. Yet, worsening of capital position and higher expenses were major drags.
U.S. Bancorp reported a 13% rise in first-quarter earnings, helped by higher interest rates and a lower tax levy. The Minneapolis-based bank, which is the largest regional bank and the seventh-largest bank in the U.S. by assets, said Wednesday that profit increased to $1.68 billion. Per-share earnings were 96 cents, beating the 94 cents expected by analysts polled by Thomson Reuters.