U.S. Bancorp - USB STOCK NEWS

U.S. Bank has launched new ETF services in Europe, marking a significant expansion of its offerings. The bank will support Horizon Kinetics in launching the European version of its Inflation Beneficiaries ETF (Ticker: INFBN NA), aimed at capitalizing on inflationary trends. This actively managed fund focuses on businesses that can thrive under inflation. U.S. Bank will also leverage its relationship with Intercontinental Exchange (ICE), utilizing the ICE ETF Hub for efficient market operations. With $9.8 trillion in assets under custody as of December 31, 2022, U.S. Bank aims to cater to both U.S. and European ETF clients.

U.S. Bank highlights its partnership with Technovation, a tech education nonprofit, which encourages young women to pursue careers in STEM. This initiative has inspired former participants, including members of the Computer Glitz team, who presented innovative mobile app ideas in 2018. Five years later, these women have embarked on academic paths in fields like medicine, computer science, and cybersecurity. Their experiences in Technovation played a pivotal role in shaping their career aspirations. U.S. Bank continues to foster diversity in tech through various programs that support young women in technology-related fields.

The Board of Directors of U.S. Bancorp (NYSE: USB) has declared a quarterly dividend of $0.48 per common share, payable on April 17, 2023, to stockholders recorded by March 31, 2023. This annualizes to $1.92 per share. Additional dividends for preferred stocks include: $1,462.428 for Series A, $339.357 for Series B, with similar payments for Series J, K, L, M, N, and O stocks also set for April 17, 2023.

U.S. Bancorp holds approximately $675 billion in assets, serving millions through diverse banking services.

U.S. Bank has partnered with the Girl Scouts of Northeast Kansas and Northwest Missouri to support young entrepreneurs during their cookie sales. This initiative aims to provide better banking solutions, including in-person support and merchant services, which the troops struggled to find with their previous bank. Led by small business banking specialist Steven Sickmeyer, U.S. Bank facilitates non-profit checking accounts and digital solutions like the mobile app. The collaboration has proven successful, enabling troops to efficiently manage finances and enhance their cookie sale experience, demonstrating U.S. Bank's commitment to community support.

U.S. Bank recently participated in the inaugural Play for Inclusion 3v3 Wheelchair Basketball Charitable Tournament in Milwaukee. The event aimed to foster understanding of disabilities through inclusive sports. A team of employees, sponsored by the bank's Global Disability business resource group, competed alongside others to experience the challenges faced by athletes with disabilities. Although they ended with a mixed record of two wins and two losses, the real victory was in gaining respect and understanding for the skills of disabled athletes. The event aligns with U.S. Bank's commitment to accessibility and inclusion.

U.S. Bank highlights the journey of Cesar Alejandro Roman Gonzalez, a branch manager who immigrated from Venezuela to Ohio in 2015. Initially facing challenges, Roman rapidly advanced from branch teller to manager, leading his team at the Route 4 location in Fairfield. His branch has earned top performance awards in 2022, focusing on serving the local Latino community by offering tailored financial products and support. Roman emphasizes the importance of building trust with customers and aims to enrich their banking experience while aiding various paths to citizenship.

U.S. Bank is investing in increasing Black representation in its mortgage loan officer workforce through the Access Home initiative. This initiative aims to enhance Black homeownership by providing financial education and partnering with community organizations. Tracy Egerson, part of a yearlong training program, emphasizes the importance of accessible resources in dispelling myths around home buying, such as the need for a 20% down payment. The program seeks to empower the community, making homeownership attainable and addressing the significant gap in homeownership rates between Black and white individuals.

U.S. Bank's recent research reveals significant trends in payment technology adoption among finance leaders, emphasizing its role in driving profitability and consumer loyalty. The 2023 Payments Transformation Report, which surveyed 300 executives across five sectors, found that 62% view modern payment options as a competitive differentiator. Notably, 60% anticipate contactless payments will dominate in two years. Enhanced payment experiences are seen to improve liquidity and reduce operational costs, with 78% believing checkout experiences are crucial for competitiveness.