Edition:
United Kingdom

U.S. Bancorp (USB.N)

USB.N on New York Stock Exchange

54.92USD
16 Nov 2018
Change (% chg)

$0.26 (+0.48%)
Prev Close
$54.66
Open
$54.34
Day's High
$55.21
Day's Low
$54.34
Volume
2,645,827
Avg. Vol
1,832,772
52-wk High
$58.50
52-wk Low
$48.49

Latest Key Developments (Source: Significant Developments)

U.S. Bank Partners With StoneCastle
Friday, 26 Oct 2018 

Oct 26 (Reuters) - U.S. Bancorp ::U.S. BANK PARTNERS WITH STONECASTLE TO PROVIDE HIGH NET WORTH INSURED CASH SOLUTION.  Full Article

U.S. Bancorp Announces Redemption Of Medium-Term Notes
Friday, 5 Oct 2018 

Oct 5 (Reuters) - U.S. Bancorp ::U.S. BANCORP ANNOUNCES REDEMPTION OF MEDIUM-TERM NOTES.U.S. BANCORP - REDEMPTION OF ALL OF ITS OUTSTANDING 1.95% MEDIUM-TERM NOTES, SERIES T (SENIOR), DUE NOVEMBER 15, 2018.U.S. BANCORP - REDEMPTION ALSO INCLUDES FLOATING RATE MEDIUM-TERM NOTES, SERIES T (SENIOR), DUE NOVEMBER 15, 2018.U.S. BANCORP - REDEMPTION PRICE FOR EACH OF MEDIUM-TERM NOTES WILL BE EQUAL TO $1,000 PER $1,000 ORIGINAL PRINCIPAL AMOUNT.  Full Article

U.S. Bancorp To Sell Third-Party ATM, Debit Servicing Business
Tuesday, 25 Sep 2018 

Sept 25 (Reuters) - U.S. Bancorp ::PRESS RELEASE - U.S. BANCORP ANNOUNCES PLANS TO SELL THIRD-PARTY ATM AND DEBIT SERVICING BUSINESS.U.S. BANCORP - U.S. BANCORP RETAINS ELAN CREDIT CARD ISSUING BUSINESSES.U.S. BANCORP - SALE INCLUDES BUSINESS ASSETS AND A DEBIT CARD PROCESSING NETWORK PREVIOUSLY ACQUIRED BY COMPANY.U.S. BANCORP - TRANSACTION IS NOT MATERIAL TO 2018 FINANCIAL RESULTS.U.S. BANCORP - DEAL FOR APPROXIMATELY $690 MILLION.U.S. BANCORP - NO CHANGE TO CARD ISSUING, CORPORATE PAYMENTS AND MERCHANT SERVICES PAYMENTS BUSINESSES.  Full Article

Fiserv To Acquire Third-Party Debit Processing Solutions Of Elan Financial Services
Tuesday, 25 Sep 2018 

Sept 25 (Reuters) - Fiserv Inc ::FISERV TO ACQUIRE THIRD-PARTY DEBIT PROCESSING SOLUTIONS OF ELAN FINANCIAL SERVICES.FISERV INC - AT CLOSING, FISERV WILL PAY A PURCHASE PRICE OF APPROXIMATELY $690 MILLION.FISERV INC - ANTICIPATES DEAL TO BE ACCRETIVE TO ADJUSTED EARNINGS PER SHARE IN 2019.FISERV INC - AGREED TO ACQUIRE DEBIT CARD PROCESSING, ATM MANAGED SERVICES AND MONEYPASS SURCHARGE FREE NETWORK OF ELAN FINANCIAL SERVICES.  Full Article

U.S. Bancorp Raises Quarterly Common Stock Dividends To $0.37
Tuesday, 18 Sep 2018 

Sept 18 (Reuters) - U.S. Bancorp ::U.S. BANCORP ANNOUNCES A 23 PERCENT INCREASE IN QUARTERLY COMMON STOCK DIVIDENDS.U.S. BANCORP - APPROVED A 23 PERCENT INCREASE IN DIVIDEND RATE ON U.S. BANCORP COMMON STOCK TO $0.37 ON A QUARTERLY BASIS.  Full Article

U.S. Bancorp Q2 Earnings Per Share $1.02
Wednesday, 18 Jul 2018 

July 18 (Reuters) - U.S. Bancorp ::REPORTS SECOND QUARTER 2018 RESULTS.Q2 EARNINGS PER SHARE $1.02.Q2 EARNINGS PER SHARE VIEW $1.00 -- THOMSON REUTERS I/B/E/S.QTRLY RETURN ON AVERAGE COMMON EQUITY 15.3 PERCENT VERSUS. 13.4 PERCENT REPORTED LAST YEAR.NET INTEREST INCOME ON A TAXABLE-EQUIVALENT BASIS IN Q2 OF 2018 WAS $3.23 BILLION, AN INCREASE OF $126 MILLION (4.1 PERCENT) OVER Q2 OF 2017.BASED ON 2018 STRESS TEST RESULTS, BOARD APPROVED AN INCREASE OF QUARTERLY DIVIDEND OF 23% TO $0.37 PER COMMON SHARE BEGINNING IN Q3.QTRLY BASEL III STANDARDIZED CET1 WAS 9.1 PERCENT AT Q2 END VERSUS 9 PERCENT AT END OF Q1.TOTAL NET CHARGE-OFFS IN Q2 OF 2018 WERE $332 MILLION, COMPARED WITH $341 MILLION IN Q1 OF 2018.QTRLY PROVISION FOR CREDIT LOSSES $327 MILLION VERSUS $350 MILLION A YEAR AGO.  Full Article

Mastercard Nominates 14 Candidates For Election To Board
Friday, 27 Apr 2018 

April 27 (Reuters) - Mastercard Inc ::MASTERCARD NOMINATES 14 CANDIDATES FOR ELECTION TO BOARD OF DIRECTORS.MASTERCARD INC - RICHARD DAVIS PROPOSED TO BE ADDED TO BOARD.MASTERCARD INC - RICHARD DAVIS, FORMERLY OF U.S. BANCORP, HAS BEEN ADDED TO SLATE ALONG WITH COMPANY'S EXISTING DIRECTORS.  Full Article

U.S. Bancorp CFO Says Recent Rate Hike Had Little Impact On Deposit Pricing - Conf Call
Wednesday, 18 Apr 2018 

April 18 (Reuters) - U.S. Bancorp ::U.S. BANCORP CFO SAYS AFTER MOST RECENT RATE HIKE, HAVE SEEN VERY LITTLE MOVEMENT IN TERMS OF DEPOSIT PRICING - CONF CALL.  Full Article

U.S. Bancorp CFO Expects 2018 Loan Growth To Pick Up In Second Half Of Year- Conf Call
Wednesday, 18 Apr 2018 

April 18 (Reuters) - U.S. Bancorp ::U.S. BANCORP CFO SAYS EXPECTS 2018 LOAN GROWTH TO PICK UP IN THE SECOND HALF OF THE YEAR - CONF CALL.U.S. BANCORP CFO SAYS FOR Q2 EXPECT NET INTEREST INCOME TO INCREASE IN MID-SINGLE DIGIT RANGE - CONF CALL.U.S. BANCORP CFO SAYS FOR Q2 EXPECT CREDIT QUALITY TO REMAIN RELATIVELY STABLE COMPARED WITH Q1 - CONF CALL.U.S. BANCORP CFO SAYS EXPECTS 2018 EXPENSES TO BE IN HIGHER END OF LONG TERM RANGE - CONF CALL.  Full Article

U.S. Bancorp Reports First Quarter 2018 Results
Wednesday, 18 Apr 2018 

April 18 (Reuters) - U.S. Bancorp ::REPORTS FIRST QUARTER 2018 RESULTS.Q1 EARNINGS PER SHARE $0.96.Q1 EARNINGS PER SHARE VIEW $0.94 -- THOMSON REUTERS I/B/E/S.NET INTEREST INCOME ON A TAXABLE-EQUIVALENT BASIS IN Q1 OF 2018 WAS $3,197 MILLION, AN INCREASE OF $167 MILLION.FULLY IMPLEMENTED COMMON EQUITY TIER 1 CAPITAL RATIO AT MARCH 31 WAS 9.0%.PROVISION FOR CREDIT LOSSES FOR Q1 OF 2018 WAS $341 MILLION, WHICH WAS $6 MILLION HIGHER THAN PRIOR QUARTER.QTRLY RETURN ON AVERAGE COMMON EQUITY OF 14.9 PERCENT VERSUS 14.7 PERCENT IN Q4 2017.TOTAL NET CHARGE-OFFS IN Q1 OF 2018 WERE $341 MILLION, COMPARED WITH $325 MILLION IN Q4 OF 2017.  Full Article

UPDATE 3-Berkshire invests in JPMorgan, Oracle as Buffett puts cash to work

Nov 14 Warren Buffett's Berkshire Hathaway Inc deepened its commitment to the U.S. financial industry, announcing a $4.02 billion stake in JPMorgan Chase & Co and new investments in PNC Financial Services Group Inc and Travelers Companies Inc, plus a stake in Oracle Corp .