Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

U.S. Bancorp Sees Mortgage Revenue Falling 20% in Third Quarter

U.S. Bancorp expects its mortgage revenue to drop 20 percent in the third quarter from the second period amid a decline in mortgage applications and mortgage production, Chief Financial Officer Andrew Cecere said.

Mortgage applications will probably decline 40 percent in the three months ending Sept. 30 from the previous quarter, and and mortgage production will drop 20 percent, Cecere said today at the Minneapolis-based bank’s investor day conference in New York. The company’s second-quarter mortgage-banking revenue was $396 million.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.