Last $43.10 USD
Change Today -0.28 / -0.65%
Volume 5.2M
USB On Other Exchanges
Symbol
Exchange
New York
Mexico
As of 6:40 PM 07/10/14 All times are local (Market data is delayed by at least 15 minutes).

us bancorp (USB) Snapshot

Open
$43.08
Previous Close
$43.38
Day High
$43.19
Day Low
$42.88
52 Week High
06/20/14 - $43.92
52 Week Low
10/8/13 - $35.69
Market Cap
78.2B
Average Volume 10 Days
6.2M
EPS TTM
$3.01
Shares Outstanding
1.8B
EX-Date
06/26/14
P/E TM
14.3x
Dividend
$0.98
Dividend Yield
2.17%
Current Stock Chart for US BANCORP (USB)

us bancorp (USB) 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 (USB) 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 (USB) Key Developments

Blackrock, PIMCO Sue Six Trustees over Mortgage Securities Losses

Filed in the New York State Supreme Court, the lawsuits alleges that the trustees, including Deutsche Bank, HSBC, US Bancorp, Citibank, Wells Fargo, and Bank of New York Mellon, failed to properly oversee payments and enforce terms on more than $2 trillion in residential mortgage-backed securities. The trustees are claimed to have breached their duties to protect investors by failing to force lenders and sponsors of the securities to repurchase the loans that failed to meet the quality standard previously described to potential buyers. A complaint against Citibank says the bank was aware of 'industrywide abandonment of underwriting guidelines' for the loans, while the lawsuit against BNYM alleges that the trustee and its responsible officers knew of pervasive, material breaches of originators, 'yet did nothing to protect the trusts. A person familiar with the lawsuits was quoted by Reuters as saying that the investors are seeking damages for losses that surpassed $250 billion and relate to more than 2,200 residential mortgage-backed securities trusts issued between 2004 and 2008. The lawsuits address bonds that were not included in the previous $8.5 billion and $4.5 billion settlements reached with Bank of America and JPMorgan Chase, respectively, over mortgage-backed securities. Apart from BlackRock and PIMCO, the lawsuits were also filed on behalf of Charles Schwab, DZ Bank and other institutional investors, including Bernstein Litowitz Berger & Grossmann. Meanwhile, spokesmen for all defendants refused to comment on the lawsuits, while Blackrock and PIMCO public affairs also failed to immediately respond to a request for comments.

U.S. Bancorp Elects Scott W. Wine as Board of Director, Effective from July 14, 2014

U.S. Bancorp announced that its board of directors has elected Scott W. Wine as a director of the company effective as of July 14, 2014. Wine is the Chairman and Chief Executive Officer of Polaris Industries Inc.

U.S. Bancorp Declares Quarterly Common and Non-Cumulative Perpetual Preferred Stock Series A, B, F, G, and H Dividend, Payable July 15, 2014

The Board of Directors of U.S. Bancorp has approved a 6.5% increase in the dividend rate on U.S. Bancorp common stock to $0.98 on an annualized basis, or $0.245 on a quarterly basis, payable July 15, 2014, to shareholders of record at the close of business on June 30, 2014. The Board of Directors has also declared a regular quarterly dividend of $884.722 per share (equivalent to $8.84722 per depositary share) on the Series A Non-Cumulative Perpetual Preferred Stock of U.S. Bancorp, payable July 15, 2014, to stockholders of record at the close of business on June 30, 2014. A regular quarterly dividend of $221.18 per share (equivalent to $0.22118 per depositary share) on the Series B Non-Cumulative Perpetual Preferred Stock of U.S. Bancorp, payable July 15, 2014, to stockholders of record at the close of business on June 30, 2014. A regular quarterly dividend of $406.25 per share (equivalent to $0.40625 per depositary share) on the Series F Non-Cumulative Perpetual Preferred Stock of U.S. Bancorp, payable July 15, 2014, to stockholders of record at the close of business on June 30, 2014. A regular quarterly dividend of $375.00 per share (equivalent to $0.37500 per depositary share) on the Series G Non-Cumulative Perpetual Preferred Stock of U.S. Bancorp, payable July 15, 2014, to stockholders of record at the close of business on June 30, 2014. A regular quarterly dividend of $321.88 per share (equivalent to $0.32188 per depositary share) on the Series H Non-Cumulative Perpetual Preferred Stock of U.S. Bancorp, payable July 15, 2014, to stockholders of record at the close of business on June 30, 2014.

 

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USB Competitors

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Industry Analysis

USB

Industry Average

Valuation USB Industry Range
Price/Earnings 14.4x
Price/Sales 4.5x
Price/Book 2.1x
Price/Cash Flow 13.6x
TEV/Sales 0.6x
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