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U.S. Bancorp (USB) is in the Financial Services Industry
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U.S. Bancorp Profit Misses View as Loan Losses Mount
By Jonathan Stempel NEW YORK (Reuters) - U.S. Bancorp USB posted a larger-than-expected 18 percent decline in quarterly profit on Tuesday after housing-related losses caused it to triple the amount it set aside for bad loans. "Given the continued stress in the economy,...
U.S. Bancorp Q2 2008 Earnings Call Transcript
U.S. Bancorp USB Q2 2008 Earnings Call
Additional Resources
Dividends at Risk in Bank Stocks: ONN.tv Looks at Wells Fargo
In a special edition of The Options News Network's StreetSmarts program, Kevin Cook talks to veteran option trader and analyst Jud Pyle about what markets are predicting for regional banks CHICAGO -- StreetSmarts, a weekly interview program hosted by www.onn.tv, once again put the microscope on regional banks...
U.S. Bancorp Reports Net Income for the Second Quarter of 2008
MINNEAPOLIS -- U.S. Bancorp (NYSE: USB): [TABLE OMITTED] U.S. Bancorp (NYSE: USB) today reported net income of $950 million for the second quarter of 2008, compared with $1,156 million for the second quarter of 2007. Diluted earnings per common share of $.53 in the second quarter of 2008...
U.S. Bancorp Investments, Inc., and U.S. Bancorp Insurance Services, LLC Names Bill Benjamin New Leader
MINNEAPOLIS -- William "Bill" Benjamin has been named chief executive officer of U.S. Bancorp Investments, Inc., and U.S. Bancorp Insurance Services, LLC. He reports directly to Mark Jordahl, president of the U.S. Bank Wealth Management Group. "Bill brings 25 years of wealth management and sales experience to U.S....
*Revised* Analyst Reports for Ambac Financial Group Inc., Alcatel-Lucent, AMR Corporation, and U.S. Bancorp
MaybachFinancial.com is one of the fastest growingindependent and unbiased research firms in the world. Through our numerouspartnerships with many of the top investment minds in the world, we provideresearch on companies making a move in the markets. Investors seekinggenuine analyst opinions on their investments for Ambac Financial GroupInc. (NYSE: ABK),...
Portland's Capital Pacific Bank hires Jason Hilton
Capital Pacific Bank has hired Jason Hilton as vice president and client services officer. Hilton has 11 years of banking and leasing experience. He previously served as general manager and director of credit in the middle market group of LEAF Financial Corp. in Lake Oswego. In addition,...
U.S. Bancorp Announces Revision to Series B Non-Cumulative Perpetual Preferred Stock Quarterly Dividend Amount
MINNEAPOLIS -- U.S. Bancorp (NYSE: USB) announced today that its board of directors has revised the dividend payment amount for the regular quarterly dividend to be paid on shares of its Series B Non-Cumulative Perpetual Preferred Stock on July 15, 2008. The revised dividend payment amount of $221.18 per share...
eCommerce & Mobile Commerce Solution Provider, Mpayy, Inc., Announces Series B Financing
CHICAGO -- eCommerce and mobile commerce solution provider, Mpayy, Inc. - https://www.mpayy.com & https://mobile.mpayy.com - announced today that it has closed on its Series B financing. Financing was led by US Bancorp (NYSE: USB) and included a number of private investors. All participants from the Series A re-invested to maintain...
Twin Cities Financial Service Leaders Celebrate Community Service 2008 with Kickoff Event at Junior Achievement's BizTown
MINNEAPOLIS -- Several Twin Cities members of The Financial Services Roundtable FSR including U.S. Bancorp, Bank of the West, Wells Fargo, Ameriprise, GMAC Financial Services and RBC Bank, joined nearly 100 Twin Cities school age kids at Junior Achievement's BizTown on July 1 to celebrate the national start of Community...
Students of Junior Achievement's BizTown to Host Twin Cities News Event to Kickoff National 'Community Service 2008' Program
Student Mayor and Student Reporters Are Among 100 Children to Welcome U.S. Bancorp CEO and Other Notable Guests at July 1 News Conference [TABLE OMITTED...
U.S. Bank Now Fully Integrated to RouteOne Platform
Dealer Customers of U.S. Bank may now Electronically Submit Credit Applications to the Finance Source Through RouteOne FARMINGTON HILLS, Mich., June 24 /PRNewswire/ -- RouteOne LLC announced today that U.S. Bank, the sixth largest commercial bank in the United States, is now available to dealers as an...
U.S. Bancorp Second Quarter Earnings Release and Conference Call Set for Tuesday, July 15, 2008
MINNEAPOLIS -- U.S. Bancorp (NYSE: USB) will release its second quarter 2008 earnings before the market opens on Tuesday, July 15, 2008. At 1:00 PM CDT Richard K. Davis, chairman, president and chief executive officer, and Andrew Cecere, vice chairman and chief financial officer, will host a conference call to...
FAF Advisors, Inc., Announces Financial Positions for Closed-End Funds
MINNEAPOLIS -- FAF Advisors, Inc. today announced the financial positions for the following closed-end funds for the month of May 31, 2008. [TABLE OMITTED][TABLE OMITTED][TABLE OMITTED][TABLE OMITTED][TABLE OMITTED] The aforementioned financial data is unaudited. It has, however, been obtained from sources deemed reliable. The funds' investment...
U.S. Bancorp Announces Quarterly Dividends
MINNEAPOLIS -- The board of directors of U.S. Bancorp (NYSE: USB) has declared a quarterly dividend of $0.425 per common share, payable July 15, 2008, to shareholders of record at the close of business on June 30, 2008. At this quarterly dividend rate, the annual dividend is equivalent to $1.70...
Fitch Withdraws Ratings of Mellon 1st Business Bank
NEW YORK -- Fitch Ratings has withdrawn the ratings of Mellon 1st Business Bank, N.A. MFBB after aligning the ratings with those of U.S. Bancorp USB subsidiary, U.S. Bank, N.A., following the completion of USB's acquisition of the former Bank of New York Mellon Corporation subsidiary. The alignment includes the...
U.S. Bank Raises Nearly $60,000 for Minnesota Food Shelves
MINNEAPOLIS -- U.S. Bank (NYSE:USB) has raised nearly $60,000 in food and cash donations to help restock Minnesota's food shelves as a result of the company's partnership with the Minnesota FoodShare March Campaign, the largest food and cash drive in the state. U.S. Bank and its employees, customers...
U.S. Bancorp Completes Acquisition of Mellon 1st Business Bank
MINNEAPOLIS & LOS ANGELES -- U.S. Bancorp (NYSE:USB) today announced that its lead bank, U.S. Bank National Association, has completed the previously announced acquisition of Mellon 1st Business Bank in California. Mellon 1st Business Bank was a wholly-owned subsidiary of The Bank of New York Mellon Corporation (NYSE: BK). As...
U.S. Bank Pays Consumer Fees for Money Transfers to China, Matches Employee Donations in Support of Earthquake Relief
MINNEAPOLIS -- U.S. Bank will refund fees for MoneyGram remittances to China made by U.S. Bank consumer customers from any U.S. Bank branch. The free transfers will be available from May 23 through July 31, 2008 in an effort to support relief efforts for victims of the earthquake that hit...
U.S. Bank Selected to Provide Purchasing Cards and Voyager Fleet Cards to the U.S. Postal Service
WASHINGTON & MINNEAPOLIS -- The U.S. Postal Service USPS has selected U.S. Bank, lead bank of U.S. Bancorp (NYSE: USB), to provide purchasing cards and Voyager fleet cards under the new General Services Administration GSA SmartPay2 contract. The U.S. Postal Service has been a U.S. Bank client for...
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- Incorporated: 1929
- CEO: Mr. Richard K. Davis
- Employees: 52,277
U.S. Bancorp is a financial services holding company. Co. is engaged in providing a range of financial services, including lending and depository services through banking offices principally in 24 states at Dec 31 2007. Co. also engages in credit card services, merchant and ATM processing, mortgage banking, insurance, trust and investment management, brokerage, and leasing activities principally in domestic markets. Co. has five reportable operating segments: Wholesale Banking; Consumer Banking; Wealth Management and Securities Services; Payment Services; and Treasury and Corporate Support. As of Dec 31 2007, Co. had total assets of $237.62 billion and total deposits of $131.45 billion.
Key Competitors
U.S. Bancorp Company Info
Board of Directors
Mr. Richard K. Davis
Chairman
Ms. Olivia F. Kirtley
Mr. Jerry W. Levin
Mr. Richard G. Reiten
Mr. Douglas M. Baker Jr.
Mr. Joel W. Johnson
Mr. David B. O'Maley
Dr. O'Dell M. Owens M.P.H.
Mr. Craig D. Schnuck
Mr. Patrick T. Stokes
Ms. Victoria Buyniski Gluckman
Mr. Arthur D. Collins Jr.
Contact Information
800 Nicollet Mall
Minneapolis, MN
651 466-3000
