BNET Industries
Market Cap:$46.5B
Last Fiscal Year Sales:$20.3B
- Public
- US
Dow Jones Description
U.S. Bancorp (NYSE: USB), with $247 billion in assets, is the parent company of U.S. Bank, the 6th largest commercial bank in the United States. The company operates 2,769 banking offices and 5,159 ATMs, and provides a comprehensive line of banking, brokerage, insurance, investment, mortgage, trust and payment services products to consumers, businesses and institutions. U.S. Bancorp is home of the Five Star Service Guarantee, which assures customers of certain key banking benefits and services or customers will be paid for their inconvenience.
Number of Employees 52,277
Peer Companies
NAICS Code Commercial Banking: 522110
Recent Events
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OfficeMax partners with U.S. Bank for Visa card portfolio
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The local, public face of Chase, Phyllis Campbell is trading on trust
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FDIC Seizes, Sells Cal National, Eight Others
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Union Trust developer awaits news as FDIC takes over lender
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United Commercial Bank is shut down, sold to East West Bancorp
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U.S. Bank bulks up branches
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U.S. Bank to operate branch, ATMs at UCD
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Regulators Close Down Nine More Institutions
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U.S. Bank to open UC Davis branch
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US Bancorp, SunTrust, BB&T Upgraded by Sandler O'Neill
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U.S. Bank Assumes Deposits & Assets of Nine Failed Banks
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US Bank acquires FBOP's banking subsidiaries from FDIC
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FDIC seizes 9 banks operated by FBOP
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Nine U.S. banks seized in largest one-day haul (Reuters)
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Banks see big profits from overdraft fees
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Analyst downgrades Fifth Third stock
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Banks slip farther, dragging sector down
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Sector Snap: Regional banks slump after downgrades
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STOCKS NEWS US-Martixx says FDA unwilling to change stance
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HEADLINE STOCKS-Some U.S. stocks on the move on Oct. 26
News & Analysis
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u.s. bancorp - All News and Analysis
U.S. Bancorp Looks to Expand Credit Card Business
Reuters
- 2009-11-10
NEW YORK (Reuters) - U.S. Bancorp USB, the sixth-largest U.S. bank by assets, is looking to expand its credit card business and is actively marketing its cards nationally, Chief Executive Richard Davis said at a conference on Tuesday.The Minneapolis-based bank, which has so far avoided serious loan losses during the...
Unsexy U.S. Bancorp Knocks Investors and Customers Dead
BNET
- 2009-11-02
U.S. Bancorp's slow-and-steady growth strategy has allowed it surge while other banks slide by Alain Sherter
FBOP Shuttered, as U.S. Bancorp Swoops in
BNET
- 2009-11-01
Time finally ran out on FBOP. The FDIC on Friday seized the $18.2 billion banking company, whose nine subsidiary banks will be absorbed by U.S. Bancorp USB. The nine shuttered banks are Bank USA of Phoenix; California National Bank of Los Angeles; San Diego National Bank of...
Record 9 U.S. Banks Seized in One Day
ReutersUK
- 2009-10-31
By Sam Mircovich and Edwin ChanLOS ANGELES (Reuters UK) - U.S. authorities seized nine failed banks on Friday, the most in a single day since the financial crisis began and the latest stark sign that substantial parts of the nation's banking industry are being crippled by bad loans.The move brought...
Nine U.S. Banks Seized in Largest One-day Haul
Reuters
- 2009-10-30
By Sam Mircovich and Edwin ChanLOS ANGELES (Reuters) - U.S. authorities seized nine failed banks on Friday, the most in a single day since the financial crisis began and the latest stark sign that substantial parts of the nation's banking industry are being crippled by bad loans.The move brought the...
U.S. Bancorp Gets $18 Billion Seized Bank Assets
BNET
- 2009-10-30
By Sam Mircovich and Edwin Chan LOS ANGELES (Reuters) - U.S. Bancorp on Friday acquired nine banks held by FBOP Corp, picking up $18.4 billion in assets after regulators seized a major Los Angeles lender and eight other banks in the latest failures to emerge from the financial crisis. Among...
For Banks, Good Blend Makes for Potent Brew
BNET
- 2009-10-22
Regional bank U.S. Bancorp, whose loans are moldering like last week's leftovers, on Wednesday reported third-quarter earnings of $603 million and growing revenue. Regional bank Keycorp, whose loans are moldering like last week's leftovers, on Wednesday reported third-quarter losses of $422 million and shrinking revenue. What gives?...
Financials Slam Wall Street; EBay Drops Late
BNET
- 2009-10-21
By Ellis Mnyandu NEW YORK (Reuters) - U.S. stocks fell on Wednesday, hurt by a late sell-off in financial shares after an influential bank analyst recommended selling Wells Fargo WFC shares and a wider-than-expected loss from Boeing BA disappointed investors. For most of the session, stocks had traded higher as...
Wells, U.S. Bancorp Get Big Boost From Mortgages
Reuters
- 2009-10-21
By Dan WilchinsNEW YORK (Reuters) - Wells Fargo & Co WFC and U.S. Bancorp USB posted earnings that trounced Wall Street expectations, helped by outsized revenue from underwriting mortgages.But it is not clear how long that bonanza will last.U.S. mortgage applications have fallen 15 percent so far this month, according...
U.S. Bancorp Q3 2009 Earnings Call Transcript
Seeking Alpha
- 2009-10-21
Question-and-Answer SessionOperator Operator instructions Your first question comes from the line of Matt O'Connor of Deutsche Bank. Matt O'Connor – Deutsche Bank Hi Richard, Andy. Richard Davis Good morning Matt. Matt O'Connor – Deutsche Bank You point to a lot of small acquisitions that you have done this quarter....
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