Us Bancorp Stock Price, News & Analysis

U.S. Bancorp (NYSE: USB) announced that its Chairman, President, and CEO, Andy Cecere, along with Vice Chair and CFO, Terry Dolan, will present at the Bernstein Annual Strategic Decisions Conference in New York on Friday, June 3, at 10 a.m. ET. A live video webcast will be accessible on the day of the event and will be available for replay on the U.S. Bank Investor Relations website for one year.

U.S. Bancorp has approximately 70,000 employees and $587 billion in assets as of March 31, 2022.

U.S. Bancorp (NYSE: USB) announced that Vice Chair of Wealth Management, Gunjan Kedia, will present at the Deutsche Bank Global Financial Services Conference in New York on May 31 at 3:15 p.m. ET. A live audio webcast will be available for listeners, and a replay can be accessed for one year on the U.S. Bank Investor Relations website. U.S. Bancorp, based in Minneapolis, has approximately 70,000 employees and $587 billion in assets, serving millions through its varied financial services.

U.S. Bank National Association has announced the redemption of all its outstanding Floating Rate Senior Notes due on June 2, 2023. The redemption, scheduled for June 2, 2022, will be at a price of $1,000 per $1,000 principal amount, including any accrued interest. Payment will be processed through The Depository Trust Company. As of March 31, 2022, U.S. Bancorp holds approximately $587 billion in assets and operates through various banking sectors, recognized for its ethical practices and customer service.

U.S. Bank has announced a collaboration with fintech LiquidX to streamline supply-chain transactions, addressing cash-flow challenges for businesses. This partnership combines U.S. Bank's strong financial backing with LiquidX's technology, enabling suppliers to receive payments quickly while offering buyers extended payment terms. The initiative aims to enhance existing financing solutions and support supply chains during global disruptions. U.S. Bank's services include the Receivables Purchase Program and Approved Payables Financing Program, providing liquidity and improving cash flow.

U.S. Bancorp (NYSE: USB) has unveiled a five-year community benefits plan (CBP) as part of its acquisition of MUFG Union Bank, in collaboration with the National Community Reinvestment Coalition and California Reinvestment Coalition. The CBP commits at least $100 billion to enhance capital access for low- and moderate-income communities and communities of color, targeting a 20% increase in mortgage lending units and a 15% increase in small business lending nationally. The plan emphasizes racial equity and community development, with a significant focus on California.

U.S. Bancorp has raised its prime lending rate to 4.00% from 3.50%, effective May 5, 2022, across all U.S. Bank locations. This adjustment reflects the bank's response to market conditions and may influence borrowing costs for consumers and businesses. With around 70,000 employees and $587 billion in assets as of March 31, 2022, U.S. Bancorp continues to serve a diverse customer base through multiple financial services.

U.S. Bank has introduced Asistente Inteligente, a Spanish-language version of its mobile app's Smart Assistant, enhancing accessibility for Spanish-speaking customers. This first-of-its-kind service allows users to interact with the app using voice commands or text in Spanish, managing tasks like balance checks and money transfers. The initiative aligns with U.S. Bank's Access Commitment to support diverse customers, particularly as 13% of the U.S. population speaks Spanish. The app's development focused on accurate language use, ensuring a user-friendly experience for Hispanic customers.

U.S. Bank has partnered with Apex Fintech Solutions to launch a new real-time payments solution for individual investors. The collaboration aims to enhance the speed and security of money transfers between brokerage accounts and bank accounts. Users will benefit from instant funding and withdrawals, available 24/7, reducing operational risks for broker dealers. The service is set to launch in the third quarter of 2022, using The Clearing House’s RTP® Network, which allows for instant payments.

Elavon, a subsidiary of U.S. Bank (NYSE: USB), has appointed Pari Sawant as Chief Product Officer. He brings over 20 years of experience in technology and financial product management, including leadership roles at Adobe and Fiserv. Sawant will lead global product management efforts to align with customer needs. His expertise encompasses AI, analytics, and financial services, supporting Elavon's goal of providing innovative payment solutions to over 1.3 million customers worldwide.