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.
U.S. Bancorp announced its second quarter 2021 results today with a significant financial reporting update. The company boasts approximately $553 billion in assets as of March 31, 2021, and employs nearly 70,000 staff. U.S. Bancorp operates various businesses including Consumer and Business Banking, Payment Services, and Wealth Management. The company has gained accolades for its digital innovation and customer service, recognized as one of the World’s Most Ethical Companies in 2021. Further details and discussion will be provided during a conference call hosted by CEO Andy Cecere and CFO Terry Dolan.
U.S. Bank has appointed Tendayi Kapfidze as the new head of economic analysis. Kapfidze will enhance the bank's economic research, supporting client-facing operations, treasury balance sheet management, CCAR stress testing, and CECL modeling processes. Previously, he served as chief economist at Lending Tree and held senior economist positions at Pfizer, Ally Financial, and Bank of America. Kapfidze holds a bachelor’s degree from Saint Louis University and a master’s in applied economics from Johns Hopkins University.
U.S. Bank has signed a definitive agreement to acquire PFM Asset Management LLC, allowing it to broaden its investment solutions and client relationships. As of March 31, 2021, combined assets under management exceeded $325 billion. PFM will maintain its operations independently, focusing on local government investment and outsourced investment services. The acquisition aims to enhance U.S. Bank's national presence, aligning with its focus on client-centric solutions. The transaction, set for closure in Q4 2021 pending regulatory approval, does not disclose financial terms.
U.S. Bancorp (NYSE: USB) announced a 9.5% increase in its dividend to $0.46 per share, effective October 2021, following the expiration of COVID-19 capital restrictions. The company will also adhere to a stress capital buffer requirement of 2.5% from October 1, 2021, maintaining a Common Equity Tier 1 (CET1) ratio above 7%. As of March 31, 2021, U.S. Bancorp's CET1 ratio stood at 9.9%. The firm reassures shareholders of its commitment to value creation amid ongoing economic uncertainties. Dividend payout is projected at an annual rate of $1.84 per share.
U.S. Bancorp (NYSE: USB) will announce its Q2 2021 earnings on July 15 before the market opens. A conference call led by CEO Andy Cecere and CFO Terry Dolan will follow at 8 a.m. CT to discuss results. Investors can access this call online via U.S. Bancorp's website or by telephone. A replay will be available after the call until July 22. As of March 31, 2021, U.S. Bancorp reported $553 billion in assets and employs nearly 70,000 staff, highlighting its diverse business operations in banking and financial services.
The Board of Directors of U.S. Bancorp (NYSE: USB) has announced a quarterly dividend of $0.42 per common share, payable on July 15, 2021, for stockholders on record by June 30, 2021. This annualizes to $1.68 per common share. Additionally, dividends were declared on various series of preferred stocks, including $884.722 for Series A and $221.181 for Series B, among others, all payable on the same date. U.S. Bancorp is recognized for its digital innovation and ethical practices, serving millions globally with assets nearing $553 billion.
U.S. Bancorp (NYSE: USB) will present at the Morgan Stanley Financials Conference on June 16 at 12:30 p.m. ET. The presentation will be led by Chairman, President and CEO Andy Cecere and Vice Chair and CFO Terry Dolan. A live webcast will be available on U.S. Bank's Investor Relations website on the day of the event, with a replay accessible afterward. U.S. Bancorp, headquartered in Minneapolis, has approximately 70,000 employees and $553 billion in assets, providing diverse banking services globally.
U.S. Bancorp (NYSE: USB) announced that Chairman, President and CEO Andy Cecere, along with Vice Chair and CFO Terry Dolan, will present at the Bernstein Strategic Decisions Conference. The virtual event is scheduled for 8 a.m. ET on June 4. A live webcast can be accessed through the U.S. Bank Investor Relations website, with a replay available for one year. U.S. Bancorp is a top financial institution, boasting $553 billion in assets and a commitment to ethical banking practices.
U.S. Bancorp (NYSE: USB) will have Vice Chair of Payment Services, Shailesh Kotwal, and Vice Chair of Consumer and Business Banking, Tim Welsh, presenting at the Deutsche Bank Global Financial Services Conference. The virtual event is scheduled for 2:50 p.m. ET on June 2. A live webcast will be accessible on the U.S. Bank Investor Relations website, with a replay available for one year. U.S. Bancorp, a leading commercial bank, has nearly 70,000 employees and $553 billion in assets as of March 31, 2021.
FAQ
What is the current stock price of U.S. Bancorp (USB)?
What is the market cap of U.S. Bancorp (USB)?
What services does U.S. Bancorp offer?
How many branches and ATMs does U.S. Bancorp have?
What recent projects has U.S. Bancorp been involved in?
How does U.S. Bancorp support underserved communities?
What recognition has U.S. Bancorp received for its ethical practices?
Who is Jody Clark and what is her role at U.S. Bancorp?
What is U.S. Bancorp's commitment to ethical banking?
What products are offered by Amapola Markets, a U.S. Bancorp client?
What is the Access Home initiative?
How does U.S. Bancorp ensure customer convenience?
