U.S. Bancorp, a financial services holding company, provides various financial services in the United States. It operates in Corporate and Commercial Banking, Consumer and Business Banking, Wealth Management and Investment Services, Payment Services, and Treasury and Corporate Support segments. The company offers depository services, including checking accounts, savings accounts, and time certificate contracts; lending services, such as traditional credit products; and credit card services, lease financing and import/export trade, asset-backed lending, agricultural finance, and other products. It also provides ancillary services comprising capital markets, 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, the company offers investment and insurance products to its customers principally within its markets, as well as fund administration services to a range of mutual and other funds. Further, it provides corporate and purchasing card, and corporate trust services; and merchant processing services, as well as cash and investment management, ATM processing, mortgage banking, and brokerage and leasing services. As of December 31, 2020, the company provided its products and services through a network of 2,434 banking offices principally operating in the Midwest and West regions of the United States, as well as through online services and over mobile devices; and operated a network of 4,232 ATMs. The company was founded in 1863 and is headquartered in Minneapolis, Minnesota.
IPO Year:
Exchange: NYSE
Website: usbank.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 5/15/2025 | $60.00 | Buy | TD Cowen |
| 4/3/2025 | $43.50 | Neutral → Underweight | Analyst |
| 4/3/2025 | $49.00 | Peer Perform → Outperform | Wolfe Research |
| 1/13/2025 | $58.00 | Neutral → Overweight | Piper Sandler |
| 1/2/2025 | $58.00 → $60.00 | Neutral → Buy | DA Davidson |
| 12/19/2024 | $57.00 | Mkt Perform → Outperform | Raymond James |
| 11/25/2024 | $49.00 → $65.00 | Neutral → Buy | Citigroup |
| 10/24/2024 | $51.00 | Buy → Hold | Deutsche Bank |
| 9/30/2024 | $54.00 → $57.00 | Equal-Weight → Overweight | Morgan Stanley |
| 6/27/2024 | $43.50 | Overweight → Neutral | JP Morgan |
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TD Cowen initiated coverage of U.S. Bancorp with a rating of Buy and set a new price target of $60.00
Analyst downgraded U.S. Bancorp from Neutral to Underweight and set a new price target of $43.50
Wolfe Research upgraded U.S. Bancorp from Peer Perform to Outperform and set a new price target of $49.00
Piper Sandler upgraded U.S. Bancorp from Neutral to Overweight and set a new price target of $58.00
DA Davidson upgraded U.S. Bancorp from Neutral to Buy and set a new price target of $60.00 from $58.00 previously
Raymond James upgraded U.S. Bancorp from Mkt Perform to Outperform and set a new price target of $57.00
Citigroup upgraded U.S. Bancorp from Neutral to Buy and set a new price target of $65.00 from $49.00 previously
Deutsche Bank downgraded U.S. Bancorp from Buy to Hold and set a new price target of $51.00
Morgan Stanley upgraded U.S. Bancorp from Equal-Weight to Overweight and set a new price target of $57.00 from $54.00 previously
JP Morgan downgraded U.S. Bancorp from Overweight to Neutral and set a new price target of $43.50
More Than 400 Merchants Within the Network Gain Access to Jscrambler's Leading Client-Side Protection for Skimming Prevention and Compliance MINNEAPOLIS and PORTO, Portugal, May 7, 2025 /PRNewswire/ -- Elavon, a global leader in payment processing, and Jscrambler, a pioneer in client-side protection and compliance, today announced a partnership to help merchants comply with PCI DSS requirements 6.4.3 and 11.6.1. Through this agreement, Elavon's network of more than 400 merchants can leverage Jscrambler's Client-Side Protection and Compliance Platform to safeguard their business from escalating web skimming attacks. The client-side protection market is growing rapidly due to significant rise
Second partnership for Avvance as point-of-sale (POS) lending continues to scale U.S. Bank Avvance, a real-time, point-of-sale lending solution, has been selected by Pure Finance Group to support the home improvement lender's next growth effort. The integration of Avvance enabled Pure Finance's efforts to expand into the HVAC segment and is the latest fintech platform to leverage Avvance to provide real-time point-of-sale lending for its own clients. "U.S. Bank Avvance supports business growth of our partners by providing financing options at the time of sale to meet customers' demands, coupled with the reliability of the 5th largest commercial bank in the United States," said Rob Seidma
Uneven results across the U.S. in focus as volume drops 21% quarterly in Southwest while Northeast shipments increased During the first three months of the year, U.S. truck freight volume was down 5.8% while spending was off 2.5% compared to the fourth quarter, according to the latest U.S. Bank Freight Payment Index. Performance varied widely among regions, with Southwest volume down 21.2% quarterly while Northeast shipments increased 3.6%. "While there is tremendous focus on the nationwide freight statistics, detailed regional data is very useful – particularly during times of uncertainty like today – for shippers and carriers to incorporate into their planning," said Bobby Holland, U.S.
Jay Martin will lead team comprising Global Fund Services and Global Corporate Trust U.S. Bank today announced that it has united its Global Fund Services and Global Corporate Trust teams into a single Investment Services division led by Jay Martin. As president of Investment Services, Martin leads a global team that offers customized services to middle market, large corporate, government and institutional clients, including fund administration, custody, investor servicing, trustee services and corporate escrow. Martin has led Global Fund Services since joining the bank in 2023. Stephen Philipson, vice chair of Wealth, Corporate, Commercial and Institutional Banking, said, "We have the N
Adam Graves promoted to Managing Committee U.S. Bancorp (NYSE:USB), parent company of U.S. Bank, announced today that Adam Graves has been promoted to serve as senior executive vice president and head of enterprise strategy and administration. Graves, 47, has been the company's head of strategy and corporate development since 2023, having previously served for five years as its head of finance strategy and corporate development. An alumnus of the University of Michigan, Graves spent the majority of his early career in positions of increasing leadership responsibility in the investment banking division of Goldman Sachs. In his new role, he will continue to oversee strategy and corporate de
U.S. Bancorp reported its first quarter 2025 results today. The earnings release, earnings supplement and slide presentation can be accessed online at ir.usbank.com/investor-relations/financial-information. At 8 a.m. Central Time, President and Chief Executive Officer Gunjan Kedia and Senior Executive Vice President and Chief Financial Officer John Stern will host a conference call to review the financial results. The conference call will be available online or by telephone. To access the webcast and presentation, visit U.S. Bancorp's website at usbank.com and click on "About Us," "Investor Relations" and "Webcasts & Presentations." To access the conference call from locations within the U
Best-in-class checking account includes card payment acceptance capabilities and zero-cost same-day funding – with no monthly maintenance fee U.S. Bank has launched a premier all-in-one checking account combined with payments acceptance capabilities for small businesses. Called U.S. Bank Business Essentials®, the account enables businesses to accept card payments with free same-day access to their fundsi and a free mobile card readerii, in addition to checking with unlimited digital transactionsiii and no monthly maintenance fee. Business Essentials features include: This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250414302442/en
Digital platform brings together robust credit card controls, integrated accounting and intuitive receipt capture U.S. Bank today announced a new Spend Management platform to help businesses monitor, track, and control their card-based spending. A leader in business banking and payments, U.S. Bank is introducing the all-in-one spend management platform across its full portfolio of business banking credit cards to give business owners an alternative to using multiple tools. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250414553902/en/Spend Management helps business owners drive down costs, reduce manual work, and save time thro
Payments leader moves from 7th to 5th in latest report, spotlighting payments growth as ranked by Mastercard and Visa purchase volume Elavon, the merchant services payment provider of U.S. Bank, has moved up two spots in the 2025 Nilson Report to become the fifth-largest U.S. merchant acquirer and the second-largest bank-owned acquirer as ranked by Mastercard and Visa purchase volume. The Nilson Report, a stalwart of news and analysis of the global card and mobile payment industry, released the rankings at the beginning of April. Per the Nilson Report (Issue 1282, March 2025), Elavon is the fifth-largest acquirer of Visa and Mastercard volume in the United States, up from seventh in the
U.S. Bancorp (NYSE:USB) will release its first quarter 2025 earnings results before the market opens on Wednesday, April 16, 2025. At 8 a.m. CT, President and Chief Executive Officer Gunjan Kedia and Senior Executive Vice President and Chief Financial Officer John Stern will host a conference call to review the financial results. The live conference call will be available online or by telephone. Via internet: To access the webcast and presentation, visit the U.S. Bancorp website at usbank.com and click on "About Us", "Investor Relations" and "Webcasts & Presentations." Via telephone: To access the conference call from locations within the United States and Canada, please dial 888-210-46
U.S. Bancorp (NYSE:USB), parent company of U.S. Bank, announced today that Felicia La Forgia and Sekou Kaalund will become the newest members of its Managing Committee, a group of top executives who oversee the organization's revenue lines, enabling functions and independent risk teams. "One of the most important tenets of building an organization that thrives for decades and beyond is a leadership team that can advocate for and balance the interests of all our stakeholders in setting policy, defining strategy and making the most critical decisions of the company," said U.S. Bancorp Chairman and CEO Andy Cecere. "Today, we are pleased to announce the appointment of two senior executives t
Company chairman and CEO Andy Cecere to serve in executive chairman role U.S. Bancorp (NYSE:USB) announced today that President Gunjan Kedia will become the company's chief executive officer at the conclusion of the organization's annual meeting of shareholders on April 15. Kedia also was elected to the company's Board of Directors. Current Chairman and CEO Andy Cecere will serve as executive chairman, continuing to lead the Board of Directors and supporting Kedia as she assumes her new role. "One of the hallmarks of U.S. Bancorp is its thorough and measured approach to succession planning. The company's bench is deep, and the talent to grow and promote from within is impressive," said
New role to oversee consumer and small business payments U.S. Bancorp (NYSE:USB) announced today that Courtney Kelso will be joining the company as senior executive vice president and head of Payments: Consumer and Small Business (PCS) effective Feb. 3. In this Managing Committee role, Kelso will be responsible for personal and small business debit and credit cards, Elan, cobrand, and all related functions including business line risk and credit/collections. She will report to company President Gunjan Kedia and be based in New York. "What I enjoyed most about my initial interactions with Courtney was her energy, expertise and vision," Kedia said. "Her deep experience in consumer and sma
Southern California Bancorp (the "Company") (OTC:BCAL), the holding company for Bank of Southern California, N.A. (the "Bank"), announces that the Board of Directors has appointed Executive Chairman David I. Rainer to succeed Nathan Rogge as the President and CEO of the Company and the Bank, effective immediately. "The board and I are confident that David's extensive banking experience and success in Southern California banking make him an ideal choice for President and CEO to continue the implementation of the Bank's commercial banking strategy," said John Farkash, Chairman Emeritus of Southern California Bancorp and Bank of Southern California. "On behalf of the board and the entire comp
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U.S. Bancorp reported its first quarter 2025 results today. The earnings release, earnings supplement and slide presentation can be accessed online at ir.usbank.com/investor-relations/financial-information. At 8 a.m. Central Time, President and Chief Executive Officer Gunjan Kedia and Senior Executive Vice President and Chief Financial Officer John Stern will host a conference call to review the financial results. The conference call will be available online or by telephone. To access the webcast and presentation, visit U.S. Bancorp's website at usbank.com and click on "About Us," "Investor Relations" and "Webcasts & Presentations." To access the conference call from locations within the U
U.S. Bancorp (NYSE:USB) will release its first quarter 2025 earnings results before the market opens on Wednesday, April 16, 2025. At 8 a.m. CT, President and Chief Executive Officer Gunjan Kedia and Senior Executive Vice President and Chief Financial Officer John Stern will host a conference call to review the financial results. The live conference call will be available online or by telephone. Via internet: To access the webcast and presentation, visit the U.S. Bancorp website at usbank.com and click on "About Us", "Investor Relations" and "Webcasts & Presentations." Via telephone: To access the conference call from locations within the United States and Canada, please dial 888-210-46
The Board of Directors of U.S. Bancorp (NYSE:USB) has declared a regular quarterly dividend of $0.50 per common share, payable April 15, 2025, to stockholders of record at the close of business on March 31, 2025. At this quarterly dividend rate, the annual dividend is equivalent to $2.00 per common share. The Board of Directors also declared the following: A regular quarterly dividend of $1,395.898 per share (equivalent to $13.958980 per depositary share) on the Series A Non-Cumulative Perpetual Preferred Stock of U.S. Bancorp, payable April 15, 2025, to stockholders of record at the close of business on March 31, 2025. A regular quarterly dividend of $322.724 per share (equivalent to
U.S. Bancorp reported its fourth quarter 2024 results today. The earnings release, earnings supplement and slide presentation can be accessed online at ir.usbank.com/investor-relations/financial-information. At 8 a.m. Central Time, Chairman and Chief Executive Officer Andy Cecere and Senior Executive Vice President and Chief Financial Officer John Stern will host a conference call to review the financial results. The conference call will be available online or by telephone. To access the webcast and presentation, visit U.S. Bancorp's website at usbank.com and click on "About Us," "Investor Relations" and "Webcasts & Presentations." To access the conference call from locations within the U
U.S. Bancorp (NYSE:USB) will release its fourth quarter 2024 earnings results before the market opens on Thursday, January 16, 2025. At 8 a.m. CT, Chairman and Chief Executive Officer Andy Cecere and Senior Executive Vice President and Chief Financial Officer John Stern will host a conference call to review the financial results. The live conference call will be available online or by telephone. Via internet: To access the webcast and presentation, visit the U.S. Bancorp website at usbank.com and click on "About Us", "Investor Relations" and "Webcasts & Presentations." Via telephone: To access the conference call from locations within the United States and Canada, please dial 888-21
The Board of Directors of U.S. Bancorp (NYSE:USB) has declared a regular quarterly dividend of $0.50 per common share, payable January 15, 2025, to stockholders of record at the close of business on December 31, 2024. At this quarterly dividend rate, the annual dividend is equivalent to $2.00 per common share. The Board of Directors also declared the following: A regular quarterly dividend of $1,517.364 per share (equivalent to $15.173640 per depositary share) on the Series A Non-Cumulative Perpetual Preferred Stock of U.S. Bancorp, payable January 15, 2025, to stockholders of record at the close of business on December 31, 2024. A regular quarterly dividend of $352.508 per share (
U.S. Bancorp (NYSE:USB) will host conference calls to review quarterly financial results on the following dates: First Quarter 2026 – Thursday, April 16, 2026 at 7 a.m. CT Second Quarter 2026 – Thursday, July 16, 2026 at 7 a.m. CT Third Quarter 2026 – Thursday, October 15, 2026 at 8 a.m. CT Fourth Quarter 2026 – Tuesday, January 19, 2027 at 8 a.m. CT U.S. Bancorp previously announced the timing for fourth quarter 2024 and 2025 quarterly financial results conference calls: Fourth Quarter 2024 – Thursday, January 16, 2025 at 8 a.m. CT First Quarter 2025 – Wednesday, April 16, 2025 at 8 a.m. CT Second Quarter 2025 – Thursday, July 17, 2025 at 7 a.m. CT Third Quarter 2025 – Th
U.S. Bancorp reported its third quarter 2024 results today. The earnings release, earnings supplement and slide presentation can be accessed online at ir.usbank.com/investor-relations/financial-information. At 7 a.m. Central Time, Chairman and Chief Executive Officer Andy Cecere and Senior Executive Vice President and Chief Financial Officer John Stern will host a conference call to review the financial results. The conference call will be available online or by telephone. To access the webcast and presentation, visit U.S. Bancorp's website at usbank.com and click on "About Us," "Investor Relations" and "Webcasts & Presentations." To access the conference call from locations within the Uni
U.S. Bancorp (NYSE:USB) will release its third quarter 2024 earnings results before the market opens on Wednesday, October 16, 2024. At 7 a.m. CT, Chairman and Chief Executive Officer Andy Cecere and Senior Executive Vice President and Chief Financial Officer John Stern will host a conference call to review the financial results. The live conference call will be available online or by telephone. Via internet: To access the webcast and presentation, visit the U.S. Bancorp website at usbank.com and click on "About Us", "Investor Relations" and "Webcasts & Presentations." Via telephone: To access the conference call from locations within the United States and Canada, please dial 888-210-46
The Board of Directors of U.S. Bancorp (NYSE:USB) has authorized a share repurchase program for up to $5 billion of the company's outstanding common stock beginning September 13, 2024. The company intends to begin repurchasing shares by early 2025. It also declared a regular quarterly dividend of $0.50 per common share, payable October 15, 2024, to stockholders of record at the close of business on September 30, 2024. This is an increase of 2 percent over the prior quarter. At this quarterly dividend rate, the annual dividend is equivalent to $2.00 per common share. U.S. Bancorp will utilize the share repurchase program at its discretion as it continues to monitor the economic environment
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