|Bid||52.50 x 4000|
|Ask||53.36 x 800|
|Day's Range||53.05 - 53.40|
|52 Week Range||48.49 - 58.50|
|PE Ratio (TTM)||13.91|
|Earnings Date||Oct 17, 2018|
|Forward Dividend & Yield||1.20 (2.24%)|
|1y Target Est||57.15|
CNBC's Leslie Picker reports on which companies Berkshire Hathaway has increased or decreased its stake in, based on its latest 13F filing.
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.
The Business Journal's 20th annual Best Places to Work awards honor 59 Minnesota employers and four individuals for fostering engaging workplaces.
Warren Buffett, chairman and CEO of Berkshire Hathaway (BRK.B, $205.83), wasn't kidding when he said he couldn't get enough bites of Apple's (AAPL) stock. The Oracle of Omaha added to Berkshire Hathaway's already hefty stake in the iPhone maker during the three months ended June 30. Apple has since gone on to become the first U.S. company to top $1 trillion in market value. Buffett has made his ardor for Apple well-known, but the world's greatest value investor made a number of other noteworthy moves in the second quarter, according to a new 13F regulatory filing. (Large investors such as Berkshire are required to disclose their holdings to the Securities and Exchange Commission every three months.) The big picture remains the same. Buffett is, as always, bullish. In total, Berkshire spent $6.1 billion on stocks in the second quarter. And since it can be instructive to see what Buffett has been up to, we took a closer look at what Berkshire has been buying and selling. Keep in mind that bigger investments are thought to be made by Warren Buffett himself, while smaller positions are believed to be handled by lieutenants Ted Weschler and Todd Combs. With that caveat in mind, here are the most notable recent changes to Berkshire Hathaway's stock holdings. SEE ALSO: 20 Dividend Stocks to Fund 20 Years of Retirement
One of the most hotly anticipated 13F filings each quarter is the report from billionaire investment guru Warren Buffett and Berkshire Hathaway. Buffett has long been seen as an investment icon, and his company's stellar performance year after year only helps to cement this status. One of the very most important stakes in the Berkshire portfolio is surely Apple Inc. ( AAPL).
U.S. Bank announced today that industry veteran Jodi Richard will become its new vice chairman and chief risk officer, succeeding P.W. (Bill) Parker, who previously announced his intention to retire this fall. In her new role, Richard will oversee the company’s Risk Management and Compliance efforts as it continues its legacy of developing and maintaining strong risk management capabilities. Richard will join the company’s Managing Committee and will report to Chairman, President and CEO Andy Cecere in her new role.
New public disclosures detail the median employee compensation figures for many of Minnesota's largest public companies.
The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. The current level displays a neutral indicator.
According to The Wall Street Journal, Facebook Inc. ( FB) is seeking to acquire financial data on its users. The social media company has reportedly asked U.S. banks to share financial information about their customers, including checking-account balances and card transactions. The information would be used to offer new services to Facebook account holders.
Despite the current environment over concerns about privacy issues, Facebook is reportedly asking big U.S. banks to share detailed information about their customers' financial information.
Facebook Inc. (fb) has asked big U.S. banks to share financial information on their customers that includes checking account balances and card transactions, as it seeks to expand its own service offer and stem slowing growth, The Wall Street Journal reported on Monday. Citing people familiar with the matter, the paper said Facebook is aiming to become a platform where people buy and sell goods and services, and has asked JPMorgan Chase & Co. (jpm) Wells Fargo & Co. (wfc) Citigroup Inc. (c) and U.S. Bancorp (usb) to discuss ways it could serve bank customers on Facebook Messenger.
In the United States, cannabis legalization has moved at an incremental pace, with individual states adopting different approaches to marijuana for either medical or recreational purposes, or both. While advocates continue to push for nationwide legalization, even the piecemeal road to legal cannabis that has already developed has generated a sizable new industry. For many investors, the idea of a regulated, legal marijuana industry suggests ample new opportunities for investment and growth.
The U.S. Bank Freight Payment Index™ rose in the second quarter, tracking a strong U.S. economy and marking the fourth consecutive gain since the first Index was published in July 2017. The National Shipment Index increased 1.2 percent from the first quarter and 7.8 percent year-over-year to a record high, showing that the level of freight transportation continues to be strong. “The continued rise in the National Spend Index reflects a tight truck market – perhaps the tightest ever in the post-deregulation era,” said Bob Costello, chief economist for American Trucking Associations.
Helen Langer Smith grew up hearing her parents talk about the family bank over dinner. After Langer Smith’s father died in 1952, her mother was elected president of the Port Orchard-based bank, becoming the first woman bank president west of the Mississippi River. Langer Smith, who was already working in the banking industry, was appointed to the board of directors.
Facebook (NASDAQ:FB) plunged 19% in response to an alarming slowdown in growth, while Advanced Micro Devices (NASDAQ:AMD) rallied 14% (and continued to edge higher in after-hours trading) after the tech company swung to an impressive second quarter profit. The S&P 500 ended the day down to the tune of 0.3%, while the tech-heavy Nasdaq lost 1% of its value. To that end, U.S. Bancorp (NYSE:USB), DowDuPont (NYSE:DWDP) and Mcdonalds (NYSE:MCD) are shaping up as the better bets, not so much because they’re explosive, but because they’re working on better-founded moves.
U.S. Bank Wealth Management has named John Zimmerman as president of Ascent Private Capital Management, the company’s family office advisory and wealth management business for ultra high net worth clients. Zimmerman has served as Ascent regional managing director for the Denver region since 2016.
This could indicate that investors who seek to profit from falling equity prices are not currently targeting USB. Over the last one-month, outflows of investor capital in ETFs holding USB totaled $1.59 billion.
U.S. Bancorp this week was the latest to say it will build a nationally available checking-account product as lenders introduce mobile offerings that let consumers do their full banking without a branch. The move follows similar announcements by some of the country’s largest banks including JPMorgan Chase & Co., Citigroup Inc. and PNC Financial Services Group Inc. “All banks are in a push to monetize their digital capabilities,” said Bryce VanDiver, a consultant to financial institutions with CapCo.
Investor sentiment upbeat on banks' Q2 earnings, with the major players displaying top-line strength on the back of higher rates and improved trading.