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U.S. Bancorp (USB)

NYSE - Nasdaq Real-time price. Currency in USD
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56.44+0.40 (+0.71%)
At close: 4:00PM EDT
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  • T
    Tambo210
    Buying at <55 is an easy 10% gain in a few weeks/months.
  • B
    BJ
    Early Q2 numbers: EPS 1.28, well above estimates of 1.14.
    Revenue also beat at 5.78, above estimates of 5.62.
    An EPS beat was expected by many. Revenue beat was a nice surprise. Hopefully the market recognizes these nice numbers, and this strong bank.
  • C
    Captain Hairpiece
    I hope the dividend hit before this pop for my reinvestment
  • J
    JHB
    comments from from a stock advisor on usb

    "The bank remains exceptionally well managed, has attractive payments, investment management and other services businesses and a dividend yield (2.8%) that is modestly above market"

    FWIW
  • D
    Daryl
    USB has an earnings beat, jumps 6% and it’s all gone after 2 trading days
  • d
    demetrios
    This is going to 70. That’s why Buffett owns it. The old man is never wrong
  • J
    JHB
    divy news:

    June 28 (Reuters) - Morgan Stanley, JPMorgan Chase & Co and Bank of America Corp. said on Monday they were hiking their capital payouts after the U.S. Federal Reserve gave them a clean bill of health following their annual "stress tests" last week.

    Morgan Stanley said it was doubling its quarterly dividend to 70 cents per share and increasing its share buy-back to $12 billion through June 30, 2022.

    JPMorgan Chase & Co said it intends to increase its quarterly dividend to $1 per share, up from 90 cents per share, for the third quarter of 2021.

    Bank of America said it planned a 17% increase in its dividend.

    FWIW
  • j
    jmdbro
    JPM was sitting on 142 billion in cash. Anyone know how much USB had? I know we're not exactly comparing apples to apples, but just curious how this is going to shake out. Guessing USB will opt for buybacks rather than tossing out big cookie dividends in September and going forward.
  • j
    jmdbro
    Unlike JHB's irrelevant news, here's something worthwhile, USB is recommending a 9.5% dividend increase!!
  • J
    JHB
    more irrelevant news for jmd. This stock has produced strong, consistent earnings over the past decade, and also showed in recent stress testing that it would perform resiliently in a severe recession.

    t's no secret that U.S. Bancorp (NYSE:USB) is one of the stronger super regional bank stocks, if not the strongest. That's likely one of the main reasons that legendary investor Warren Buffett's company Berkshire Hathaway (NYSE:BRK.A) (NYSE:BRK.B) has essentially maintained its position in the bank while selling most of its other bank holdings over the past year.

    U.S. Bancorp currently trades around 260% of tangible book value (TBV) (equity minus goodwill and intangible assets), a very strong valuation that has largely stood the test of time over the past decade.

    The bank got this valuation by consistently generating strong earnings. Between 2015 and 2019, return on average assets at the bank never fell below 1.36%, while return on average common equity never fell below 13.4%, both of which are strong thresholds to maintain. Even during 2020, the bank still generated a 0.93% return on average assets and a 10% return on average common equity, which is very respectable.

    Sorry for the off topic financial post jmd.
  • j
    jmdbro
    USB declared a regular quarterly dividend of $0.42 per common share, payable July 15, 2021, to stockholders of record at the close of business on June 30, 2021.
  • R
    Rex
    This is a winner!
  • d
    demetrios
    Great earnings best bank
  • S
    Sunshine Design
    Dividend hike maybe coming!🤓
  • T
    Too many rubes
    So June 24 takes on some decent importance. If USB is declared to pass the Fed’s financial testing, as it should, a dividend jack is likely in September. And the stock will act accordingly.
  • S
    Shorting This Stock
    All the bank stocks seem to be selling off after earnings regardless of outcome. I'll be keeping an eye on a short position.
  • T
    Tambo210
    OK guys.

    less than 48 hours before latest stress results announced.

    What do we think USB will close at on Friday?

    Of course you can choose whether its able to resume buybacks at any level and raise the divi.

    I'm going to say 61
  • f
    fred
    What just happened??
  • d
    demetrios
    Us bank is the bluest chip bank. Very conservative management and no surprises. Easily 100 dollars a share
  • s
    stancill
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