|Bid||55.02 x 4000|
|Ask||55.94 x 1800|
|Day's Range||54.83 - 55.44|
|52 Week Range||43.14 - 55.56|
|Beta (3Y Monthly)||1.19|
|PE Ratio (TTM)||12.98|
|Earnings Date||Oct 16, 2019|
|Forward Dividend & Yield||1.48 (2.69%)|
|1y Target Est||56.65|
U.S. Bancorp and a fancy foreign car company are going into the credit card business together. The Minneapolis-based U.S. Bank announced on Monday that it's struck a credit card partnership with automaker BMW, according to a release. Users will be able to redeem points for BMW products and services.
U.S. Bank, the fifth-largest bank in the United States, has entered into a co-brand agreement with BMW Financial Services NA, LLC to issue credit cards that will deliver enhanced digital experiences and greater value to BMW, MINI and BMW Motorrad enthusiasts. U.S. Bank has also acquired the existing credit card portfolio from BMW Bank of North America, LLC, as part of this agreement. “We are thrilled to have the opportunity to serve customers of BMW, a brand and company that is recognized and respected around the world,” said John Steward, president of U.S. Bank Retail Payment Solutions.
U.S. Bank Depositary Services was recently named depositary services provider for the Leadenhall UCITS ILS Fund PLC. In this role, U.S. Bank provides core depositary services of asset safekeeping, fiduciary oversight and cash monitoring to Leadenhall Capital Partners LLP. U.S. Bank introduced its full depositary services offering in Europe in 2018. The offering supports regulated investment funds domiciled in the EU that are required to appoint a depositary to comply with the Alternative Investment Fund Managers Directive (AIFMD) and the Undertakings for Collective Investments in Transferable Securities Directive (UCITS).
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.
Citizens Financial's (CFG) Q2 earnings reflect capital strength and higher fee income, partially offset by escalating expenses and provisions.
Webster Financial's (WBS) second-quarter 2019 results reflect higher revenues and growth in loans. However, elevated expenses pose a concern.
U.S. Bank scored 100 on the Disability Equality Index (DEI) and has been named a “Best Place to Work for Disability Inclusion” by the American Association of People with Disabilities (AAPD) and Disability:IN. This is the second time U.S. Bank has been recognized for its efforts to ensure an inclusive workplace for people with disabilities. “When we hire employees who bring diverse perspectives and abilities to the table, we become a better company,” said Andy Cecere, chairman, president and CEO.
M&T Bank Corp's (MTB) Q2 performance highlights higher provisions and expenses, partly muted by growth in revenues, aided by higher loan and deposit balances.
U.S. Bancorp (NYSE:USB) unveiled its latest quarterly earnings results on Wednesday, which were stronger than what analysts expected, while also coming in ahead of the same metric during the business' year-ago quarter.Source: Shutterstock The bank holding company -- based out of Minneapolis, Minn. -- said that for its second quarter of the current fiscal year, it amassed earnings of $1.09 per share, which was good for a 6.9% surge when compared to the year-ago period. This period is also better than the Wall Street consensus profit guidance of $1.07 per share.U.S. Bancorp added that it amassed sales of $5.82 billion during the period, which is better than the $5.73 billion that analysts predicted. This also marked a 3.2% increase when compared to the $5.64 billion it gained during the same period a year ago.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe company's quarter raked the benefits of diverse loan and fee income growth during the three-month period even though it faced an interest rate environment that made life difficult for its net interest margin. During the previous quarter, the business raked in a profit of $1 per share, as well as sales of $5.58 billion.USB stock is up about 2.9% on Wednesday following the company's quarterly earnings results, which saw profit and revenue impress.U.S. Bancorp was first established in Portland, Oregon back in 1891, and it has gone through a series of name changes since then. More From InvestorPlace * 10 Best Dividend Stocks to Buy for the Rest of 2019 and Beyond * 7 Dependable Dividend Stocks to Buy * 7 Dependable Dividend Stocks to Buy * 10 Stocks to Sell for an Economic Slowdown The post U.S. Bancorp Earnings: USB Stock Jumps on Q2 Profit Beat appeared first on InvestorPlace.
U.S. Bancorp's (USB) Q2 performance reflects higher revenues, aided by growth in loan balances, partly offset by elevated expenses and provisions.
U.S. Bancorp reported its second quarter 2019 results today. The earnings release, business line schedules and slide presentation can be accessed online at ir.usbank.com or by clicking the links below.
Investing.com - US Bancorp (NYSE:USB) reported second quarter earnings that beat analysts' expectations on Wednesday and revenue that topped forecasts.
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.
Loan growth, relatively higher rates and lower credit costs support JPMorgan's (JPM) Q2 earnings. However, operating expenses increase.