|
Price: $46.3750
$0.12 
0.249%
|
| Day's High:
| $46.38
| Week Perf:
| 4.78 %
|
| Day's Low: |
$ 46.11 |
30 Day Perf: |
3.93 % |
| Volume (M): |
169 |
52 Wk High: |
$ 47.31 |
| Volume (M$): |
$ 7,834 |
52 Wk Avg: |
$41.34 |
| Open: |
$45.40 |
52 Wk Low: |
$30.47 |
|
|
| Market Capitalization (Millions $) |
72,391 |
| Shares
Outstanding (Millions) |
1,561 |
| Employees |
78,192 |
| Revenues (TTM) (Millions $) |
25,106 |
| Net Income (TTM) (Millions $) |
5,322 |
| Cash Flow (TTM) (Millions $) |
-4,810 |
| Capital Exp. (TTM) (Millions $) |
0 |
Us Bancorp De
Certainly! Here's an extensive update on U.S. Bancorp, incorporating a more detailed and recent overview based on the information that is typical for large financial institutions like U.S. Bancorp.
Overview of U.S. Bancorp
Headquarters: Minneapolis, Minnesota
Established: 1863
Ticker Symbol: USB
Employees: Approximately 70,000
U.S. Bancorp stands as the parent company of U.S. Bank National Association, serving as a major player in the financial services landscape in the United States. It ranks among the top financial services holding companies, focusing on customer-centric products and services spanning a wide range of sectors.
Key Services and Offerings
1. Consumer Banking:
- Personal checking and savings accounts
- Home mortgage lending, including home equity loans
- Credit cards, including rewards and business cards
- Auto loans and personal loans
2. Payment Services:
- Merchant services, including credit card processing
- Corporate credit and purchasing cards
- Payment solutions tailored for businesses of all sizes
3. Wholesale Banking:
- Commercial loans and lines of credit
- Treasury management services
- Foreign exchange and international banking solutions
4. Investment Services:
- Wealth management and private banking
- Trust and asset management services
- Insurance products and services through its subsidiaries
5. Commercial Services:
- Specialized banking services for government entities, nonprofits, and large corporations
- Asset-backed financing and leasing options
Operational Footprint
U.S. Bancorp operates approximately 2,243 full-service branch offices in 24 states, providing extensive access to banking services across the Midwest and the West. The company utilizes a robust digital banking platform that includes:
- 4,425 ATMs: These ATMs are strategically placed for customer convenience, providing services such as cash withdrawals, deposits, and account balance inquiries.
- Online and Mobile Banking: Users can manage accounts, transfer funds, pay bills, and deposit checks digitally.
Markets and Customer Base
U.S. Bancorp serves around 11.6 million customers, including:
- Individuals: Offering tailored banking and financial products designed for personal use.
- Small and Medium Enterprises (SMEs): Providing business accounts, loans, and tailored payment solutions.
- Large Corporations: Servicing major institutions with tailored financing, treasury management, and investment services.
- Institutional Clients: Including governmental and nonprofit organizations.
Competitive Landscape and Challenges
U.S. Bancorp operates in a highly competitive environment, contending with other commercial banks, credit unions, fintech companies, and non-bank financial institutions. The banking sectors evolution has been accelerated by technological advancements and consumer demand for digital services, creating new challenges. Key competitive factors include:
- Product Differentiation: Offering specialized products that meet diverse customer needs.
- Customer Experience: Providing superior service and support, including the U.S. Bank Five Star Service Guarantee.
- Technological Innovation: Emphasizing the development of digital platforms and banking solutions to enhance user experiences.
Financial Performance
While specific financial metrics fluctuate over time, the company typically reports strong earnings driven by a diverse revenue model that includes interest income from loans as well as fees from wealth management and payment services. Historically, U.S. Bancorp has demonstrated solid asset quality and profitability, even amidst economic fluctuations.
Future Directions
U.S. Bancorp is expected to continue expanding its digital capabilities and investing in technology to better serve its customers. Strategic focus areas might include:
- Enhancing mobile banking functionality and user experience.
- Expanding partnerships with fintech companies to innovate and improve service delivery.
- Dedicating resources to sustainability initiatives and responsible banking practices.
Conclusion
With a long-standing history, a broad spectrum of financial products, and a commitment to customer service, U.S. Bancorp is positioned as a critical player in the financial services industry. Its balance of traditional banking with modern digital solutions caters to a diverse and growing customer base, ensuring its competitive stance in a rapidly changing market landscape.
Company Address: 800 Nicollet Mall Minneapolis 55402 MN
Company Phone Number: 466-3000 Stock Exchange / Ticker: NYSE USB
|
|
|
Customers Net Income fell by |
USB's Customers Net Profit Margin fell to |
-98.41 % |
0.21 %
|
|
|
|
|
|
|
|
| Stock Performances by Major Competitors |
|
|
|
| Business Update
Published Thu, Aug 22 2024 1:37 PM UTC
In a strategic move aimed at bolstering its presence in the healthcare financial technology sector, U.S. Bank, the lead bank of U.S. Bancorp (NYSE: USB), has acquired Salucro Healthcare Solutions LLC, a Tempe, Arizona-based company specializing in healthcare payments and billing technologies.Founded in 2004, Salucro Healthcare Solutions has firmly established itself as a mar...
|
| Us Bancorp De
U.S. Bancorp Sees Mixed Results Amid Leadership Changes and Profit Margin Growth
nApril 5, 2024 - By n
Despite facing a slight decline in revenue during the most recent fiscal quarter, U.S. Bancorp (USB) has demonstrated resilience through impressive earnings growth and strategic leadership changes intended to bolster its Wealth, Corporate, Commercial, and Institutional Banking (WCIB) operations. This dual focus on enhancing leadership and improving profitability presents a complex but optimistic outlook for investors.
In its latest financial report, U.S. Bancorp recorded earnings per share (EPS) of $0.97, reflecting a solid 15.48% increase from $0.78 in the corresponding period last year. However, total revenue dipped by 0.791% to $6.27 billion, contrasting sharply with the overall 7.13% growth witnessed in the Commercial Banks industry during this same timeframe. The decline in revenue detracted from the otherwise positive narrative; however, U.S. Bancorp?s net profits surged to $1.611 billion, representing a remarkable 17.68% year-over-year increase.
|
| Business Update
Published Tue, Jun 4 2024 5:38 PM UTC
U.S. Bancorp, the parent company of U.S. Bank, has recently announced expanded leadership roles within its Wealth, Corporate, Commercial and Institutional Banking (WCIB) team. As part of a strategic positioning effort, Stephen Philipson and Felicia La Forgia will assume new leadership responsibilities. This move comes under the guidance of Gunjan Kedia, President of U.S. Ban...
|
| Us Bancorp De
In a recently published financial report, US Bancorp De (USB) unveiled its first quarter results for 2024, drawing attention to a significant decline in income, accompanied by a remarkable surge in earnings per share (EPS) compared to the previous year. The report also highlighted a noteworthy decrease in revenue and net earnings from the corresponding period in 2023. Additionally, the profitability margins for the bank experienced a slight contraction when compared to the previous reporting season. Let's delve deeper into the context of these financial results.
Income and EPS:
For the first quarter of 2024, US Bancorp De saw a decline of 25% in income, with earnings falling to $0.78 per share, in contrast to $1.04 per share reported a year ago. However, EPS witnessed a significant surge of 65.06%, rising to $0.47 per share from the preceding reporting season. This surge suggests that while the overall income may have been lower, the bank managed to allocate its profits more efficiently to increase the earnings per share.
|
| Us Bancorp De
US Bancorp De, a commercial bank company, recently released its financial report for the fourth quarter of 2023. The report revealed that the company's earnings per share (EPS) were $0.47, while its revenue reached $6.49 billion. This represents a decrease in income of $0.47 per share compared to the fourth quarter of 2022, where the company earned $0.57 EPS. Despite this decrease in earnings, US Bancorp De saw a significant revenue increase of 20.898% during the same period.
US Bancorp De's business growth outperformed its competitors in the commercial banks industry during the fourth quarter of 2023. In comparison, the two other major corporations in the sector experienced an average business growth of 9.23% relative to the fourth quarter of 2022. This demonstrates the company's strong and effective business strategies.
|
| Per Share |
Current |
| Earnings (TTM) |
3.13 $ |
| Revenues (TTM) |
16.08 $
|
| Cash Flow (TTM) |
- |
| Cash |
42.17 $
|
| Book Value |
36.44 $
|
| Dividend (TTM) |
1.95 $ |
|
|
| Per Share |
|
| Earnings (TTM) |
3.13 $
|
| Revenues (TTM) |
16.08 $ |
| Cash Flow (TTM) |
- |
| Cash |
42.17 $
|
| Book Value |
36.44 $ |
| Dividend (TTM) |
1.95 $ |
|
|
| |
| Wealth, Corporate, Commercial and Institutional Banking |
|
 44.23 % |
of total Revenue |
| Consumer and Business Banking |
|
34 % |
of total Revenue |
| Payment Services |
|
33.49 % |
of total Revenue |
| Treasury and Corporate Support |
|
-3.96 % |
of total Revenue |
|
|
5.17%