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U.S. Bancorp - USB STOCK NEWS

Welcome to our dedicated page for U.S. Bancorp news (Ticker: USB), a resource for investors and traders seeking the latest updates and insights on U.S. Bancorp stock.

U.S. Bancorp (symbol: USB) is a diversified financial services provider and one of the largest regional banks in the United States. With a strong presence in 26 states, primarily in the Western and Midwestern U.S., U.S. Bancorp offers a comprehensive range of banking services. These include retail banking, commercial banking, trust and wealth management services, credit cards, mortgages, and various payment solutions.

A commitment to putting people first and making ethical decisions is at the heart of U.S. Bancorp's operations, earning recognition as one of the World's Most Ethical Companies by Ethisphere in 2017. With over 4,800 ATMs and 3,088 branch locations, along with 24-hour phone support and advanced mobile and online banking platforms, U.S. Bancorp ensures convenient access to accounts and financial services for their customers.

In recent developments, U.S. Bancorp has been involved in significant community projects. One notable achievement is the financing of a substantial affordable housing and commercial space project in Los Angeles' Little Tokyo. This development will offer 248 units of affordable housing and 40,000 square feet of commercial space dedicated to minority-owned businesses. Additionally, U.S. Bancorp has supported this community with $466,000 through charitable giving since 2009.

U.S. Bancorp also celebrates its employees' achievements and contributions. During Women's History Month, they highlighted trailblazing women within the organization, such as Jody Clark, Senior Vice President in the IAS Division, who has significantly contributed to the growth and development of the bank’s investment advisory services.

Another initiative by U.S. Bancorp is the Access Home program, which trains bilingual employees to become mortgage loan officers, helping to serve underbanked communities, particularly the Hispanic community. This initiative is part of the broader U.S. Bank Access Commitment® aimed at closing the wealth gap for underserved communities.

Financial stability and community support remain central to U.S. Bancorp's mission, making it a reliable partner for both personal and business banking needs. Equal housing lender and member of FDIC, U.S. Bancorp continues to uphold its ethical standards while driving financial and social progress.

News

Breaking Ground in LA’s Little Tokyo

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U.S. Bank partners with Little Tokyo Service Center for a large affordable housing project in Los Angeles, providing 248 units of affordable housing and commercial space for minority-owned businesses. The project involves complex financing with over $85 million in equity financing and $83 million in debt. Construction is expected to be completed by 2026.
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U.S. Bancorp to speak at the RBC Capital Markets Global Financial Institutions Conference

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U.S. Bancorp (NYSE: USB) executives to present at RBC Capital Markets Global Financial Institutions Conference. Gunjan Kedia and John Stern will discuss key insights on March 5 in New York.
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First U.S. Bank Black Heritage Community Branch Unveiled in Los Angeles

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U.S. Bank donates $100,000 in grant funding to support Crenshaw District revitalization. The bank celebrated Black History Month with a block party and ribbon cutting event at the renovated Slauson and Crenshaw branch, featuring design upgrades reflecting the community's heritage. Guest speaker Maxine Waters attended. Destination Crenshaw and LISC LA received $50,000 each for community programs. U.S. Bank has been supporting Destination Crenshaw since 2022 with investments in a reparative development project. The branch hosts a mural by local artist Moses Ball and engages in community events.
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U.S. Bank Adds New Division to Serve Private Capital Asset Managers

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U.S. Bank launches Private Capital and Global Asset Management division led by Stephen Jeselson to serve over 200 private capital clients, offering fund custody, lending, and capital markets services. The division aims to grow offerings to private equity and credit firms, enhancing financial services and expertise.
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Collin Morikawa, Young Golfers Participate in U.S. Bank Access Open Event

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U.S. Bank celebrates partnership with PGA Tour golfer Collin Morikawa and Youth on Course, donating 1,585 memberships in 2023. The event included a golf tournament at Maggie Hathaway Golf course in Los Angeles, with U.S. Bank donating $200,000 for course revitalization. The partnership aims to increase access to golf for youth from all backgrounds.
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U.S. Bancorp to speak at the Bank of America 2024 Financial Services Conference

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U.S. Bancorp (USB) executives to present at Bank of America 2024 Financial Services Conference in Miami Beach, Florida.
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Fortune names U.S. Bank One of the 2024 World’s Most Admired Companies

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U.S. Bank has been recognized by Fortune magazine as one of the 2024 World's Most Admired Companies, topping the Superregional Banks category for the 14th consecutive year. The company excelled in various key attributes of reputation and ranked highly in financial soundness, quality of management, and social responsibility.
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Meet U.S. Bank Chief Economist Beth Ann Bovino

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Beth Ann Bovino, Chief Economist at U.S. Bank, brings extensive experience in macroeconomic and financial analysis to forecast the U.S. economy for the months and years ahead. Originally published on the U.S. Bank company blog, Bovino's journey from the Great Recession of 2008 to her current role is a testament to her dedication and expertise in the field.
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Five Students Win $45,000 in Scholarships in U.S. Bank Sweepstakes

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The U.S. Bank Student Scholarship Program awards a $20,000 grand prize to the winner, with a history of over a decade. Samuel Sievers is the latest recipient of this scholarship.
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U.S. Bank Index: Truck freight market ends 2023 with double-digit drops in volume, spending

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The U.S. truck freight market saw a decline in shipment volume and spending in the fourth quarter of 2023 compared to the same period in 2022. Shipment volume was down 15.7% and spending by shippers contracted 13.5%. The largest drop in volume in the history of the Index was observed. All regions experienced a slowdown in volume and spending, with the Southeast and Northeast being the most affected. However, the West was one of the two regions to see an increase in spending on a quarter-over-quarter basis. The Midwest shipment volumes contracted the least among all regions compared to the fourth quarter of 2022.
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FAQ

What is the current stock price of U.S. Bancorp (USB)?

The current stock price of U.S. Bancorp (USB) is $52.49 as of November 22, 2024.

What is the market cap of U.S. Bancorp (USB)?

The market cap of U.S. Bancorp (USB) is approximately 82.0B.

What services does U.S. Bancorp offer?

U.S. Bancorp offers retail banking, commercial banking, trust and wealth management services, credit cards, mortgages, and various payment solutions.

How many branches and ATMs does U.S. Bancorp have?

U.S. Bancorp has over 4,800 ATMs and 3,088 branch locations across 26 states in the U.S.

What recent projects has U.S. Bancorp been involved in?

U.S. Bancorp financed a major affordable housing and commercial space project in Los Angeles' Little Tokyo, providing 248 units of affordable housing and 40,000 square feet of commercial space.

How does U.S. Bancorp support underserved communities?

Through initiatives like Access Home, which trains bilingual employees as mortgage loan officers, and charitable contributions, U.S. Bancorp aims to close the wealth gap for underserved communities.

What recognition has U.S. Bancorp received for its ethical practices?

U.S. Bancorp was named one of the World's Most Ethical Companies by Ethisphere in 2017.

Who is Jody Clark and what is her role at U.S. Bancorp?

Jody Clark is the Senior Vice President in U.S. Bancorp's IAS Division within Global Fund Services, where she oversees business development, relationship management, and sales support.

What is U.S. Bancorp's commitment to ethical banking?

U.S. Bancorp is dedicated to ethical decision-making and putting people first, which is central to their operations and community involvement.

What products are offered by Amapola Markets, a U.S. Bancorp client?

Amapola Markets offer Latin American food products, including fresh masa, natural juices, salsas, and more. They are the region's largest producer of fresh masa.

What is the Access Home initiative?

The Access Home initiative trains bilingual employees to become mortgage loan officers to better serve the Hispanic community and help increase homeownership.

How does U.S. Bancorp ensure customer convenience?

With a network of branches, ATMs, 24-hour phone support, and advanced mobile and online banking, U.S. Bancorp provides easy access to financial services.

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U.S. Bancorp

NYSE:USB

USB Rankings

#170 Ranked by Market Cap
#783 Ranked by Dividends

USB Stock Data

82.01B
1.56B
0.14%
79.87%
1.18%
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