Last $547.20 MXN
Change Today 0.00 / 0.00%
Volume 0.0
USB* On Other Exchanges
Symbol
Exchange
Berlin
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As of 4:09 PM 07/22/14 All times are local (Market data is delayed by at least 15 minutes).

us bancorp (USB*) Snapshot

Open
$547.20
Previous Close
$547.20
Day High
$547.20
Day Low
$547.20
52 Week High
06/23/14 - $570.87
52 Week Low
08/15/13 - $470.74
Market Cap
993.2B
Average Volume 10 Days
58.0
EPS TTM
--
Shares Outstanding
1.8B
EX-Date
06/26/14
P/E TM
--
Dividend
$0.99
Dividend Yield
2.23%
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.

67,000 Employees
Last Reported Date: 07/16/14
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

U.S. Bancorp. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Reports Net Charge-Offs for the Second Quarter of 2014

U.S. Bancorp. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported total interest income was $3,047 million against $3,038 million a year ago. Net interest income was $2,689 million against $2,616 million a year ago. Net interest income after provision for credit losses was $2,365 million against $2,254 million a year ago. Income before income taxes was $2,056 million against $1,973 million a year ago. Net income was $1,509 million against $1,444 million a year ago. Net income attributable to U.S. Bancorp was $1,495 million against $1,484 million a year ago. Net income applicable to U.S. Bancorp common shareholders was $1,427 million or $0.78 per diluted share against $1,405 million or $0.76 per diluted share a year ago. Return on average assets of 1.60% against 1.70% a year ago. Return on average common equity of 15.1% against 16.1% a year ago. Book value per common share was $20.98 against $18.94 a year ago. For the six months, the company reported total interest income was $6,069 million against $6,149 million a year ago. Net interest income was $5,339 million against $5,269 million a year ago. Net interest income after provision for credit losses was $4,709 million against $4,504 million a year ago. Income before income taxes was $3,964 million against $3,918 million a year ago. Net income was $2,921 million against $2,831 million a year ago. Net income attributable to U.S. Bancorp was $2,892 million against $2,912 million a year ago. Net income applicable to U.S. Bancorp common shareholders was $2,758 million or $1.51 per diluted share against $2,763 million or $1.49 per diluted share a year ago. Return on average assets of 14.9% against 16.1% a year ago. Return on average common equity of 14.9% against 16.1% a year ago. The company reported total net charge-offs in the second quarter of 2014 were $349 million compared with $392 million in the second quarter of 2013. The $8 million (2.3%) increase in net charge-offs on a linked quarter basis was due to higher charge-offs in commercial loan portfolios, partially offset by improvements in the home equity and second mortgages portfolio, while the $43 million (11.0%) decrease in net charge-offs on a year-over-year basis reflected improvements in residential mortgages and home equity and second mortgages, partially offset by higher commercial loan charge-offs and lower recoveries in commercial real estate.

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.

 

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Industry Analysis

USB*

Industry Average

Valuation USB* Industry Range
Price/Earnings 13.9x
Price/Sales 4.3x
Price/Book 2.0x
Price/Cash Flow 13.1x
TEV/Sales 0.2x
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