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U.S. Bancorp (USB)

NYSE - Nasdaq Real-time price. Currency in USD
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57.01-0.09 (-0.16%)
At close: 4:00PM EDT
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  • J
    JHB
    For those who use this for financial info.

    U.S. Bancorp Has A Solid Track Record
    The company has a sustained record of paying dividends with very little fluctuation. Since 2011, the dividend has gone from US$0.20 to US$1.84. This implies that the company grew its distributions at a yearly rate of about 25% over that duration. Rapidly growing dividends for a long time is a very valuable feature for an income stock.

    U.S. Bancorp Could Grow Its Dividend
    Investors who have held shares in the company for the past few years will be happy with the dividend income they have received. We are encouraged to see that U.S. Bancorp has grown earnings per share at 7.8% per year over the past five years. A low payout ratio and decent growth suggests that the company is reinvesting well, and it also has plenty of room to increase the dividend over time. FWIW

    Simply wall st.
  • J
    JHB
    Warrens holdings in USB. FWIW

    7. U.S. Bancorp

    Symbol: USB

    Holdings: 149,590,275

    Share price: $39.74

    Value: $5,944,717,529

    Sorry for the off topic post.

    Share of portfolio: 2.616%
  • J
    JHB
    This might be of interest to those who use this forum for financial information.

    "U.S. Bancorp (NYSE: USB) is placed tenth on our list of 10 stocks Warren Buffett is selling. The company operates from Minnesota as a financial services holding firm. According to the latest filings, Berkshire Hathaway owned more than 128 million shares in the firm at the end of June. These represent 2.5% of the portfolio and are worth $7.3 billion. The firm has decreased stake in the financial services firm by 1% when compared to the filings for the first quarter of 2021.

    On July 16, investment advisory Oppenheimer maintained an Outperform rating on U.S. Bancorp (NYSE: USB) stock and raised the price target to $73 from $70, noting that the ongoing loan growth would help drive net interest income and revenue for the firm.

    At the end of the second quarter of 2021, 41 hedge funds in the database of Insider Monkey held stakes worth $8.30 billion in U.S. Bancorp (NYSE: USB), down from 43 the preceding quarter worth $8.33 billion."

    FWIW
  • J
    JHB
    good comments on USB from MF. FWIW
  • M
    Mike
    Got in today; switched from WFC. Based my decision on Jim Cramer’s book “Get Rich Carefully” and his take on ETF influence on individual stocks. Per his book, financial managers use ETF in large, thus the best and the worst (banks in ETF) are together up or down in sync. So, WFC went lately up (thank you), and USB kept the same pace, all the way held down by ETFs.
    Completing a cup-n-handle pattern lately, USB is bound to spring up - my take. Financials are in trend lately, so switching for the first class managed USB was easy.
    Looking for a decent dividend and $70+ SP in the future.
    Best to all longs.
  • J
    JHB
    More USB news.

    "8. U.S. Bancorp (NYSE: USB)
    Number of Hedge Fund Holders: 41

    U.S. Bancorp (NYSE: USB) is a Minnesota-based financial services holding company. It is placed eighth on our list of 10 best stocks to buy according to Warren Buffett. Regulatory filings show that Berkshire Hathaway owned more than 128 million shares of the finance firm at the end of June 2021 that are worth $7.3 billion. This represents 2.5% of the entire investment portfolio of the investment firm. Buffett has trimmed stake in the firm by 1% compared to the previous quarter.

    On July 16, investment advisory Oppenheimer kept an Outperform rating on U.S. Bancorp (NYSE: USB) stock and raised the price target to $73 from $70, noting that the ongoing loan growth would help drive net interest income and revenue for the company.

    At the end of the second quarter of 2021, 41 hedge funds in the database of Insider Monkey held stakes worth $8.30 billion in U.S. Bancorp (NYSE: USB), down from 43 the preceding quarter worth $8.33 billion."

    FWIW
  • M
    Mike
    Divi time is closing upon us!
    Then, one way forward - north!
  • d
    demetrios
    This is going to 70. Buffett is never wrong
  • J
    JHB
    For those who read this forum for financial news. From MF

    "U.S. Bancorp: 3.3% yield

    Speaking of interest-rate sensitivity, another dividend stock that can be bought hand over fist in August is regional banking-giant U.S. Bancorp (NYSE:USB).

    To again keep things simple, bank stocks are cyclical and perform their best when the economy is growing. Since the U.S. economy spends a disproportionate amount of time expanding, relative to contracting, bank stocks are bound to benefit from increased loan and deposit activity over the long run. In other words, as this economic recovery gains steam, stronger growth and eventually higher interest rates will help drive profits higher for major players like U.S. Bancorp.

    What really differentiates U.S. Bancorp from the seemingly hundreds of banks investors can choose from is its historically superior return on assets (ROA). Whereas most banks target a 1% ROA, U.S. Bancorp has seemingly managed a 1.6% ROA in its sleep. The company's secret sauce is its digitization efforts.

    In the May-ended quarter, 80% of the company's transactions, including over 60% of total sales, were conducted digitally (online or via mobile app). That compares to 67% of all transactions completed digitally in the comparable quarter two-years prior. Since online and mobile transactions cost a fraction of what phone and branch transactions run, this shift has allowed U.S. Bancorp to consolidate some of its branches in order to reduce its noninterest expenses.

    The icing on the cake for U.S. Bancorp is that its management team has avoided the riskier derivative investments that've sunk larger money-center banks during recessions. By sticking with the bread and butter of banking -- loans and deposits -- U.S. Bancorp and its 3.3% yield are a steal."

    FWIW
  • d
    demetrios
    Best American bank and Buffetts favorite bank. Easy 70 dollars a share
  • T
    Troy
    Would like to see $61.50 resistance.
  • 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
  • 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
  • d
    demetrios
    Great earnings best bank
  • R
    Rex
    This is a winner!
  • 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.
  • s
    stancill
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