Last $658.90 MXN
Change Today 0.00 / 0.00%
Volume 0.0
USB* On Other Exchanges
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As of 4:08 PM 01/5/15 All times are local (Market data is delayed by at least 15 minutes).

us bancorp (USB*) Snapshot

Open
$658.90
Previous Close
$658.90
Day High
$658.90
Day Low
$658.90
52 Week High
01/5/15 - $658.90
52 Week Low
02/5/14 - $520.74
Market Cap
1.2T
Average Volume 10 Days
0.0
EPS TTM
--
Shares Outstanding
1.8B
EX-Date
12/29/14
P/E TM
--
Dividend
$0.96
Dividend Yield
1.99%
Current Stock Chart for US BANCORP (USB*)

us bancorp (USB*) Details

U.S. Bancorp, a financial services holding company, provides a range of financial services in the United States. Its services include lending and depository, cash management, capital market, and trust and investment management services, as well as merchant and ATM processing, mortgage banking, and brokerage services. The company’s lending services include traditional credit products, as well as credit card services, leasing, financing and import/export trade, asset-backed lending, agricultural finance, and other products. Its depository services comprise checking accounts, savings accounts, and time certificate contracts. The company also offers ancillary services, such as capital market, treasury management, and receivable lock-box collection services to corporate customers; and a range of asset management and fiduciary services for individuals, estates, foundations, business corporations, and charitable organizations. In addition, it provides Visa corporate and purchasing card, and corporate trust services. Further, the company offers investment and insurance products to the company’s customers principally within its markets, as well as fund processing services to a range of mutual and other funds. It serves individuals, institutional organizations, governmental entities, estates, business corporations, foundations, charitable organizations, and other financial institutions. As of December 31, 2014, the company had a network of 3,176 banking offices in 25 states, and 5,022 ATMs. U.S. Bancorp was founded in 1929 and is headquartered in Minneapolis, Minnesota.

Founded in 1929

us bancorp (USB*) Top Compensated Officers

Chairman, Chief Executive Officer, President,...
Total Annual Compensation: $1.1M
Vice Chairman, Chief Financial Officer and Ch...
Total Annual Compensation: $675.0K
Vice Chairman of Payment Services
Total Annual Compensation: $675.0K
Vice Chairman of Wholesale Banking
Total Annual Compensation: $500.0K
Vice Chairman and Chief Risk Officer
Total Annual Compensation: $475.0K
Compensation as of Fiscal Year 2013.

us bancorp (USB*) Key Developments

U.S. Bank to Open New U.S. Bank Branch at San Jose’s Bustling Santana Row

U.S. Bank is expanding its presence in the market with a new, branch in San Jose’s bustling Santana Row. The new branch, located at 377 Santana Row, opened for business this week and will host a series of events leading up to the grand opening and ribbon cutting on February 4. U.S. Bank at Santana Row is staffed with specialists in home loans, retirement planning, wealth management and small business as well as a customer advisor who is a seasoned banker, focused on assisting the customers with whatever needs have brought them into the branch.

U.S. Bancorp Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014; Announces Net Charge-Offs for the Fourth Quarter of 2014; Provides Net Charge-Offs Guidance for the First Quarter of 2015

U.S. Bancorp announced unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company's net interest income was $2,744 million compared with $2,677 million a year ago. The increase in net interest income year-over-year was the result of an increase in average earning assets and continued growth in lower cost core deposit funding, partially offset by lower loan fees due to the previously communicated wind down of the short-term, small-dollar deposit advance product, Checking Account Advance. Income before income taxes was $2,022 million compared with $1,874 million a year ago. Net income applicable to the company’s common shareholders was $1,420 million or $0.79 per diluted share compared with $1,389 million or $0.76 per diluted share a year ago. The increase in net income year-over-year was principally due to an increase in total net revenue, driven by increases in net interest income and fee-based revenue, and the net impact of notable items. Return on average assets was 1.50% compared with 1.62% a year ago. Return on average common equity was 14.4% compared with 15.4% a year ago. Total net revenue was $5,169 million compared with $4,889 million a year ago. For the year, the company's net interest income was $10,775 million compared with $10,604 million a year ago. Income before income taxes was $7,995 million compared with $7,764 million a year ago. Net income was $5,908 million compared with $5,732 million a year ago. Net income applicable to the company’s common shareholders was $5,583 million or $3.08 per diluted share compared with $5,552 million or $3.00 per diluted share a year ago. Return on average assets was 1.54% compared with 1.65% a year ago. Return on average common equity was 14.7% compared with 15.8% a year ago. As on December 31, 2014, the company's book value per common share was $21.68 against $19.92 a year ago. Total net revenue was $20,161 million compared with $19,602 million a year ago. The company’s net charge-offs for the fourth quarter of 2014 were $308 million, compared with $312 million in the fourth quarter of 2013. The company announced that given current economic conditions, the company expects the level of net charge-offs to remain relatively stable in the first quarter of 2015.

U.S. Bank Announces Management Changes

U.S. Bank announced that Andrew Cecere, currently Vice Chairman and Chief Financial Officer (CFO), has been promoted to Vice Chairman and Chief Operating Officer (COO) and will be responsible for U.S. Bank's core lines of business: Consumer and Small Business Banking, Wholesale Banking and Commercial Real Estate, Payment Services, and Wealth Management and Securities Services. Cecere will continue to report to Richard Davis, Chairman, President, and Chief Executive Officer, U.S. Bank. Kathy Ashcraft Rogers, currently Executive Vice President, Business Line Planning & Reporting, will succeed Cecere as Vice Chairman and Chief Financial Officer. Rogers has been with U.S. Bank for 28 years and has served in a variety of leadership roles within the Finance organization. She will report to Davis and join the Managing Committee, which consists of the 14 most senior leaders at U.S. Bank. Kate Quinn, Executive Vice President of Strategy and Corporate Affairs, U.S. Bank, has also been promoted and will join the Managing Committee and report to Davis. Cecere has been with U.S. Bank since 1985. He has served as Vice Chairman and CFO since 2007.

 

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Industry Analysis

USB*

Industry Average

Valuation USB* Industry Range
Price/Earnings 13.6x
Price/Sales 4.0x
Price/Book 1.9x
Price/Cash Flow 12.8x
TEV/Sales NM Not Meaningful
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