Last €31.76 EUR
Change Today +0.278 / 0.88%
Volume 0.0
UB5 On Other Exchanges
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Exchange
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As of 9:11 AM 10/24/14 All times are local (Market data is delayed by at least 15 minutes).

us bancorp (UB5) Snapshot

Open
€31.82
Previous Close
€31.48
Day High
€31.84
Day Low
€31.72
52 Week High
09/19/14 - €33.84
52 Week Low
12/6/13 - €27.00
Market Cap
57.2B
Average Volume 10 Days
32.8
EPS TTM
--
Shares Outstanding
1.8B
EX-Date
09/26/14
P/E TM
--
Dividend
€0.98
Dividend Yield
2.19%
Current Stock Chart for US BANCORP (UB5)

us bancorp (UB5) Details

U.S. Bancorp, a financial services holding company, provides a range of financial services in the United States. Its services include lending and depository, cash management, capital market, and trust and investment management services, as well as merchant and ATM processing, mortgage banking, and brokerage services. The company’s lending services include traditional credit products, as well as credit card services, leasing, financing and import/export trade, asset-backed lending, agricultural finance, and other products. Its depository services comprise checking accounts, savings accounts, and time certificate contracts. The company also offers ancillary services, such as capital market, treasury management, and receivable lock-box collection services to corporate customers; and a range of asset management and fiduciary services for individuals, estates, foundations, business corporations, and charitable organizations. In addition, it provides Visa corporate and purchasing card, and corporate trust services. Further, the company offers investment and insurance products to the company’s customers principally within its markets, as well as fund processing services to a range of mutual and other funds. It serves individuals, institutional organizations, governmental entities, estates, business corporations, foundations, charitable organizations, and other financial institutions through a network of 3,081 banking offices and 4,906 ATMs in the Midwest and west regions of the United States. U.S. Bancorp was founded in 1929 and is headquartered in Minneapolis, Minnesota.

65,565 Employees
Last Reported Date: 02/21/14
Founded in 1929

us bancorp (UB5) Top Compensated Officers

Chairman, Chief Executive Officer, President,...
Total Annual Compensation: $1.1M
Vice Chairman and Chief Financial Officer
Total Annual Compensation: $675.0K
Vice Chairman of Payment Services
Total Annual Compensation: $675.0K
Vice Chairman of Wholesale Banking
Total Annual Compensation: $500.0K
Vice Chairman and Chief Risk Officer
Total Annual Compensation: $475.0K
Compensation as of Fiscal Year 2013.

us bancorp (UB5) Key Developments

State of Washington Chooses U.S. Bank as Fiscal Agent on Bond Issuances

U.S. Bank announced that it has been selected as the Fiscal Agent for the State of Washington. In this capacity, the U.S. Bank Global Corporate Trust Services division will oversee over 2,500 bond issuances by more than 250 bond issuing entities within the state including school districts, cities, water and sewer authorities, and counties. U.S. Bank will maintain records of registered bondholders, make principal and interest payments to bondholders, and provide additional services to participating bond financing issuers. The addition of fiscal agent services complements an already strong relationship U.S. Bank has with the State of Washington, where it also currently provides other trust, general banking services and local government investment pool services.

U.S. Bancorp Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Reports Net Charge-Offs for the Third Quarter of 2014; Provides Net Charge-Offs Guidance for the Fourth Quarter of 2014

U.S. Bancorp reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported net interest income of $2,692 million against $2,658 million a year ago. Income before income taxes was $2,009 million against $1,972 million a year ago. Net interest income after provision for credit losses was $2,381 million against $2,360 million a year ago. Net income was $1,486 million against $1,430 million a year ago. Net income attributable to company’s was $1,471 million against $1,468 million a year ago. Net income applicable to company common shareholders was $1,405 million against $1,400 million a year ago. Diluted earnings per common share were $0.78 against $0.76 a year ago. Return on average assets and return on average common equity were 1.51% and 14.5%, respectively, for the third quarter of 2014, compared with 1.65% and 15.8%, respectively, for the third quarter of 2013. Book value per common share was $21.38 against $19.31 per share a year ago period. The $3 million or 0.2% increase in net income year-over-year was principally due to an increase in total net revenue, driven by increases in both net interest income and fee-based revenue. The company also achieved positive operating leverage on a year-over-year basis. Net income was lower on a linked-quarter basis by $24 million or 1.6%, mainly due to the increase of noninterest expense, partially offset by a decrease in the provision for credit losses. The company reported total net revenue in the third quarter of $5 billion, a 2% increase from the prior year. The increase was due to higher net interest income, as well as higher revenue in most key businesses, partially offset by a reduction in mortgage banking revenue. Net interest income was up 1.3% year-over-year, as an increase in average earning assets was partially offset by a lower net interest margin including lower loan fees. For the nine months, the company reported net interest income of $8,031 million against $7,927 million a year ago. Net interest income after provision for credit losses was $7,090 million against $6,864 million a year ago. Income before income taxes was $5,973 million against $5,890 million a year ago. Net income was $4,407 million against $4,261 million a year ago. Net income attributable to company was $4,363 million against $4,380 million a year ago. Net income applicable to company common shareholders was $4,163 million against $4,163 million a year ago. Diluted earnings per common share were $2.29 against $2.25 a year ago. Return on average assets and return on average common equity were 1.56% and 14.7%, respectively, for the nine months of 2014, compared with 1.67% and 16.0%, respectively, for the nine months of 2013. The company’s net charge-offs in the third quarter of 2014 were $336 million, compared with $349 million in the second quarter of 2014, and $328 million in the third quarter of 2013. The company announced that given current economic conditions, the company expects the level of net charge-offs to remain relatively stable in the fourth quarter of 2014.

US Bank and US Bancorp Investments Launch New Retirement Planning Process

US Bank and its affiliate, US Bancorp Investments have launched RealSteps>Retirement, a retirement planning process that provides tools, resources and knowledge to help individuals, families and business owners move closer to their retirement goals. This new process seeks to bring clarity and confidence to retirement planning by breaking down a complex process into three actionable steps: real understanding, real answers and real progress. The RealSteps>Retirement process offers a path forward and seeks to bring clarity and confidence to a complex process.

 

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Industry Analysis

UB5

Industry Average

Valuation UB5 Industry Range
Price/Earnings 13.4x
Price/Sales 4.1x
Price/Book 1.9x
Price/Cash Flow 12.7x
TEV/Sales 0.1x
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