NYSE - Delayed Quote ? USD U.S. Bancorp (USB-PH) Follow Compare 22.11 -0.07 (-0.32%) At close: November 6 at 3:57 PM EST All News Press Releases SEC Filings All SEC Filings Corporate Changes & Voting Matters Periodic Financial Reports Proxy Statements Tender Offer/Acquisition Reports Offering Registrations 3 reasons bank stocks soared after Trump's reelection Bank stocks popped after former President Donald Trump secured a second term in the White House. The financial select sector SPDR fund (XLF) rose more than 6% in intraday trading on Wednesday, with names like JPMorgan Chase (JPM), Bank of America (BAC), Wells Fargo (WFC), and Goldman Sachs (GS) gaining. KBW managing director David Konrad joins Josh Lipton on Asking for a Trend to discuss why Trump's win sent the sector higher and what bank investors are looking for from his second term. Konrad says, "There's three main factors, all kind of surrounding deregulation to some extent," that sent bank stocks higher: less antitrust regulation leading to more mergers, lower capital constraints, and less pressure from the Consumer Financial Protection Bureau (CFPB) on consumer fees. "The other factor would be a little bit of the concern of the inflationary ramifications of the Trump administration, potentially, and so people are looking for more asset-sensitive names for kind of a higher for longer, and those are really the true outperformers that we saw today." Watch the video above for more about Konrad's expectations for the banking sector under Trump. To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here. This post was written by Naomi Buchanan. Yahoo Finance Video ? 8 hours ago GS BAC MS Decoding U.S. Bancorp (USB): A Strategic SWOT Insight Insightful Analysis of U.S. Bancorp's Financial Health and Strategic Position GuruFocus.com ? yesterday USB U.S. Bancorp (USB) is a Great Momentum Stock: Should You Buy? Does U.S. Bancorp (USB) have what it takes to be a top stock pick for momentum investors? Let's find out. Zacks ? yesterday USB Operation HOPE, U.S. Bank Partner To Serve Crenshaw Community in L.A. NORTHAMPTON, MA / ACCESSWIRE / November 1, 2024 / U.S. BankNew HOPE Inside Financial Wellness Coach set to support South Los Angeles small businesses and consumers Originally published on U.S. Bank company blog U.S. Bank partner Operation HOPE has ... ACCESSWIRE ? 5 days ago USB USB-PR U.S. Bancorp to speak at the BancAnalysts Association of Boston Conference MINNEAPOLIS, October 31, 2024--U.S. Bancorp to speak at the BancAnalysts Association of Boston Conference Business Wire ? 6 days ago USB USB-PR U.S. Bank Freight Payment Index: Truck freight volume, spend decline at slower pace MINNEAPOLIS, October 31, 2024--Truck freight shipments and spending continued to contract in the third quarter, albeit at a slower pace than earlier this year, according to the latest U.S. Bank Freight Payment Index. Shipments were down 1.9% compared to the previous quarter while spending dropped 1.4%. This was the ninth consecutive quarterly decrease in volume, but the smallest drop in more than a year. Business Wire ? 6 days ago USB USB-PR U.S. Bancorp announces planned leadership, structural changes for payments business MINNEAPOLIS, October 30, 2024--U.S. Bancorp announces planned leadership, structural changes for payments business Business Wire ? 7 days ago USB USB-PR U.S. Bancorp (USB) Upgraded to Buy: Here's Why U.S. Bancorp (USB) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy). Zacks ? 7 days ago USB U.S. Bancorp price target raised to $59 from $57 at Oppenheimer Oppenheimer raised the firm’s price target on U.S. Bancorp to $59 from $57 and keeps an Outperform rating on the shares. While USB has long steadily ground out some of the industry’s best returns, the trends in net interest income and operating leverage have been adverse over the past five quarters, the firm notes. NII declined for four straight quarters between Q1 2023 and Q1 2024, down a total of 14% before turning a 0.9% quarter-over-quarter gain in Q2 2024. This was followed by a 1.7% quarte TipRanks ? 19 days ago USB USB-PR Stock Market News for Oct 17, 2024 U.S. stock markets closed higher on Wednesday buoyed by strong third-quarter 2024 earnings results. Zacks ? 20 days ago ^GSPC ^VIX COMP USB Stock Up 4.7% as Q3 Earnings Beat on Lower Non-Interest Expenses A decline in non-interest expenses supports U.S. Bancorp's third-quarter 2024 earnings amid lower NII and non-interest income, and poor credit quality. Zacks ? 20 days ago USB U.S. Bank and PGA Pro Collin Morikawa Expand Access for Youth Golfers NORTHAMPTON, MA / ACCESSWIRE / October 17, 2024 / U.S. Bank: Through the Birdie Challenge, the golf pro and U.S. Bank are providing more than 1,600 memberships to nonprofit Youth on Course Originally published on U.S. Bank company blog Golf is a tough ... ACCESSWIRE ? 20 days ago USB USB-PR US Bancorp Reports Strong Q3 and Strategic Moves An update from US Bancorp ( (USB) ) is now available. U.S. Bancorp reported a strong third quarter with a net income of $1,714 million, reflecting a robust return on tangible common equity of 17.9%. The company saw a rise in net interest income driven by favorable loan mixes and disciplined liability management, while noninterest income increased across various sectors such as commercial products and mortgage banking. As U.S. Bancorp strengthens its capital position, it plans to resume share buy TipRanks ? 20 days ago USB USB-PR U.S. Bancorp (USB) Q3 2024 Earnings Call Highlights: Strong Profitability Amidst Deposit and ... U.S. Bancorp (USB) showcases robust net interest income growth and improved efficiency, despite facing headwinds in deposit and loan growth. GuruFocus.com ? 21 days ago USB Q3 2024 US Bancorp Earnings Call Q3 2024 US Bancorp Earnings Call Thomson Reuters StreetEvents ? 21 days ago USB Investment banking activity rises, bitcoin rallies: Catalysts On today's episode of Catalysts, Hosts Seana Smith and Brad Smith break down some of the biggest stories of the trading day. Major US banks have all reported their earnings. Morgan Stanley (MS) closed out the group, topping analysts' expectations and delivering a big boost in investment banking revenue. American Banker editor-in-chief Chana Schoenberger explains that her biggest takeaway from bank earnings is that "investment banking is up and trading is up." She attributes this trend to two factors: the markets being up and an increase in dealmaking. She notes that M&A (mergers and acquisitions) activity has increased this year and will continue its momentum as interest rates fall. Regional banks Citizens Financial Group (CFG) and US Bancorp (USB) have posted their third quarter results. Citizens Bank posted revenue that fell just short of Wall Street's expectations of lower net interest income. On the other hand, US Bancorp's net interest income topped estimates, as it benefited from higher borrowing costs. Major indexes (^DJI, ^IXIC, ^GSPC) are rallying amid third quarter earnings season. However, questions remain about the sustainability of these gains in the current bull market, which is entering its third year. IG North America CEO J.J. Kinahan expresses optimism about the market's broad-based rally, viewing it as a positive indicator. "We're at a wall of worry. Nobody believes in the rally," he says, suggesting this skepticism could fuel further gains. However, he highlights some sector-specific concerns, particularly in semiconductor stocks. Kinahan points to Intel (INTC) as "an outlier" among semiconductor names, noting the stock's difficulty maintaining momentum. Bitcoin (BTC-USD) prices have climbed above $67,000 on Wednesday — its highest since July. The jump was influenced by Vice President Kamala Harris's newly announced proposals to establish a clearer regulatory framework for digital assets. The cryptocurrency's upward momentum has triggered a broader rally across crypto-related stocks, including Coinbase (COIN), MicroStrategy (MSTR), Riot Platforms (RIOT), and CleanSpark (CLSK). The US government is reportedly considering capping chip sales to certain countries. The move would affect chipmakers like Nvidia (NVDA) and Advanced Micro Devices (AMD). Macrolens chief strategist and managing principal Brian McCarthy tells Yahoo Finance, "It's unclear whether yesterday's news suggesting there could be tightened restrictions on the UAE and Saudi Arabia is or isn't related to those countries possibly funneling chips to China because it's very hard to sort of bottle up China's access to these chips through third parties." He explains that despite the US limiting chip exports to China due to national security risks, widespread smuggling of the tech persists. This post was written by Melanie Riehl Yahoo Finance Video ? 21 days ago CFG CFG-PE COIN U.S. Bancorp Q3 Earnings Surpass Estimates on Lower Expenses USB's third-quarter 2024 earnings benefit from a decline in expenses. Lower NII and weakening asset quality act as spoilsports. Zacks ? 21 days ago USB U.S. Bancorp Delivers Strong Q3 2024 Results with 12.5% Net Income Growth Net Interest Income and Disciplined Expense Management Propel Earnings; Capital Ratios Strengthen GuruFocus.com ? 21 days ago USB Citizens Financial, US Bancorp report third quarter earnings Regional banks Citizens Financial Group (CFG) and US Bancorp (USB) have posted their third quarter results. Citizens Bank posted revenue that fell just short of Wall Street's expectations of lower net interest income. On the other hand, US Bancorp's net interest income topped estimates, as it benefited from higher borrowing costs. Catalysts Hosts Seana Smith and Brad Smith dig into each bank's earnings and break down how results are weighing on their stocks. To watch more expert insights and analysis on the latest market action, check out more Catalysts here. This post was written by Melanie Riehl Yahoo Finance Video ? 21 days ago USB USB-PR CFG US Bancorp Stock Surges as Profit Tops Expectations Shares of U.S. Bancorp rose Wednesday as its third-quarter profit exceeded analysts' estimates. Investopedia ? 21 days ago USB Performance Overview Trailing total returns as of 11/6/2024, which may include dividends or other distributions. Benchmark is S&P 500 Return USB-PH S&P 500 YTD +14.95% +24.30% 1-Year +20.67% +36.04% 3-Year +7.77% +26.22%
