Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

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.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


Last $43.60 USD
Change Today -0.02 / -0.05%
Volume 6.1M
USB On Other Exchanges
Symbol
Exchange
Berlin
New York
Mexico
Sao Paulo
As of 6:40 PM 07/6/15 All times are local (Market data is delayed by at least 15 minutes).

us bancorp (USB) Key Developments

U.S. Bancorp Unit Invests $5.6 Million to Build New Health Facility in Reno, Nevada

U.S. Bancorp announced its U.S. Bank unit is investing $5.6 million in the construction of a new $20 million medical facility in Reno Nevada. The new clinic will be 'Reno's first integrated care facility, where patients will have access to a wide range of medical and wellness services in one location'.

U.S. Bancorp to Pay $44.5 Million to Settle Peregrine Lawsuit

U.S. Bancorp has agreed to pay $44.5 million to settle a class-action lawsuit by Peregrine Financial Group customers who lost money in long-running fraud. The $410 billion-asset company's settlement agreement would resolve claims that U.S. Bancorp allowed Peregrine founder Russell Wasendorf to divert funds to himself using a U.S. Bank account. The proposed settlement requires court approval. The settlement also would result in about 14,000 former Peregrine customers being repaid more than 20% of the money Wasendorf diverted, before attorneys' fees and expenses, the court filing said. They could seek up to 31% of the settlement fund in attorneys' fees.

U.S. Bank Names Reba Dominski as Senior Vice President of U.S. Bank Foundation and Community Relations

U.S. Bank has hired Reba Dominski as senior vice president of the U.S. Bank Foundation and Community Relations. Dominski brings a wealth of corporate giving and community relations experience to this role, which oversees the U.S. Bank Foundation and employee volunteerism. Dominski joins U.S. Bank from Target Corporation, where she spent more than 20 years, including the past six years as senior director of community relations focused on education. Prior to this role, Dominski worked within several businesses at Target including: merchandising, sourcing, stores, and merchandise planning.

U.S. Bancorp Declares Quarterly Common and Preferred Stock Dividend, Payable on July 15, 2015

The Board of Directors of U.S. Bancorp has approved a 4.1% increase in the dividend rate on U.S. Bancorp common stock to $1.02 on an annualized basis, or $0.255 on a quarterly basis, payable July 15, 2015, to shareholders of record at the close of business on June 30, 2015. The Board of Directors also declared a regular quarterly dividend of $884.722 per share (equivalent to $8.84722 per depositary share) on U.S. Bancorp’s Series A Non-Cumulative Perpetual Preferred Stock, payable July 15, 2015, to stockholders of record at the close of business on June 30, 2015. A regular quarterly dividend of $221.18 per share (equivalent to $0.22118 per depositary share) on U.S. Bancorp’s Series B Non-Cumulative Perpetual Preferred Stock, payable July 15, 2015, to stockholders of record at the close of business on June 30, 2015. A regular quarterly dividend of $406.25 per share (equivalent to $0.40625 per depositary share) on U.S. Bancorp’s Series F Non-Cumulative Perpetual Preferred Stock, payable July 15, 2015, to stockholders of record at the close of business on June 30, 2015. A regular quarterly dividend of $375.00 per share (equivalent to $0.37500 per depositary share) on U.S. Bancorp’s Series G Non-Cumulative Perpetual Preferred Stock, payable July 15, 2015, to stockholders of record at the close of business on June 30, 2015. A regular quarterly dividend of $321.88 per share (equivalent to $0.32188 per depositary share) on U.S. Bancorp’s Series H Non-Cumulative Perpetual Preferred Stock, payable July 15, 2015, to stockholders of record at the close of business on June 30, 2015.

General Electric To Sell Its US Lending Assets

General Electric Company (NYSE: GE) has launched the sales process for a roughly $40 billion portion of its U.S. commercial lending assets as a part of its broad retreat from its finance businesses, a source familiar with the situation said. GE spokesman declined to comment. U.S. Bancorp (NYSE:USB), Wells Fargo & Company (NYSE:WFC), Ally Financial Inc. (NYSE:ALLY), General Electric Company (NYSE:GE), The Toronto-Dominion Bank (TSX:TD), Capital One Financial Corporation (NYSE:COF) and CIT Group Inc. (NYSE:CIT) are among the potential bidders for the GE assets, the paper said, citing people familiar with the matter. GE is working with Credit Suisse Group AG and Goldman Sachs Group Inc on the sale, while J.P. Morgan Chase & Co is overseeing all of the sales processes, according to the source.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
USB:US $43.60 USD -0.02

USB Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Australia & New Zealand Banking Group Ltd A$32.21 AUD -0.25
Banco Bilbao Vizcaya Argentaria SA €8.55 EUR -0.287
Bank of Nova Scotia/The C$63.93 CAD -0.28
Toronto-Dominion Bank/The C$53.23 CAD -0.35
Westpac Banking Corp A$32.49 AUD -0.27
View Industry Companies
 

Industry Analysis

USB

Industry Average

Valuation USB Industry Range
Price/Earnings 14.0x
Price/Sales 4.2x
Price/Book 2.0x
Price/Cash Flow 13.1x
TEV/Sales NM Not Meaningful
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact US BANCORP, please visit . Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.