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 |
|---|---|---|---|
| 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 |
| 4/18/2024 | $52.00 → $45.00 | Outperform → Mkt Perform | Keefe Bruyette |
| 3/28/2024 | $47.00 → $53.00 | Hold → Buy | HSBC Securities |
| 3/22/2024 | $46.00 → $49.00 | Neutral → Buy | Compass Point |
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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
Acquisition further expands bank's focus on healthcare industry U.S. Bank, lead bank of U.S. Bancorp (NYSE:USB), has acquired Salucro Healthcare Solutions LLC. The Tempe, Arizona-based company provides healthcare financial technology, focused on patient payments and billing. Founded in 2004, Salucro is a market leader in providing online billing and payments offerings for healthcare providers across the United States. Salucro had previously been a partner of Elavon, the merchant acquiring unit within U.S. Bank. U.S. Bank initially invested in Salucro in 2022, and Salucro's platform is sold through Elavon as MedEpay. "U.S. Bank is a leader in providing banking and payments services to
U.S. Bancorp reported its second 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 U
U.S. Bancorp (NYSE:USB) commented on the results of the Federal Reserve's Dodd-Frank Act Stress Test (DFAST) conducted in accordance with the Dodd-Frank Wall Street Reform and Consumer Protection Act. Based on its 2024 stress test results, the company expects to be subject to a preliminary stress capital buffer (SCB) of 3.1 percent, for the period beginning October 1, 2024, and ending on September 30, 2025. The Federal Reserve has stated that it expects to finalize the SCB for all firms by August 31, 2024. The SCB, when added to the Basel III Common Equity Tier 1 (CET1) capital to risk-weighted assets ratio minimum of 4.5 percent, requires the company to maintain a CET1 ratio at or above
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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
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
Keefe Bruyette downgraded U.S. Bancorp from Outperform to Mkt Perform and set a new price target of $45.00 from $52.00 previously
HSBC Securities upgraded U.S. Bancorp from Hold to Buy and set a new price target of $53.00 from $47.00 previously
Compass Point upgraded U.S. Bancorp from Neutral to Buy and set a new price target of $49.00 from $46.00 previously
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
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
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
U.S. Bancorp (NYSE:USB) announced it has decreased its prime lending rate to 7.50 percent from 7.75 percent, effective tomorrow, December 19, 2024, at all U.S. Bank locations. About U.S. Bancorp: U.S. Bancorp, with more than 70,000 employees and $686 billion in assets as of September 30, 2024, is the parent company of U.S. Bank National Association. Headquartered in Minneapolis, the company serves millions of customers locally, nationally and globally through a diversified mix of businesses including consumer banking, business banking, commercial banking, institutional banking, payments and wealth management. U.S. Bancorp has been recognized for its approach to digital innovation, commu
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) announced today that Chairman and CEO Andy Cecere and Senior Executive Vice President and Chief Financial Officer John Stern will present at the Goldman Sachs Financial Services Conference. The presentation will begin at 9:20 a.m. ET on Wednesday, December 11 in New York. A live webcast will be available on the day of the conference, at the "Webcasts and Presentations" section of the U.S. Bank Investor Relations website. A replay will be made available on the same site following the event. About U.S. Bancorp U.S. Bancorp, with more than 70,000 employees and $686 billion in assets as of September 30, 2024, is the parent company of U.S. Bank National Associatio
Five-time American Banker Most Influential Women in Payments honoree will also lead bank's prepaid card business U.S. Bank announced Kristy Carstensen as the new leader of its Global Treasury Management business. In this position, Carstensen heads the unit that provides comprehensive treasury management and payment solutions to the bank's business, government and institutional clients. In addition to Global Treasury Management, Carstensen will also oversee the bank's prepaid card organization. "Kristy's leadership has been instrumental in our ability to continually improve the payment experience for our clients and their customers," said Shailesh Kotwal, vice chair of Payment Services,
New alliance offers comprehensive payment technology and a range of banking services One Inc, the leading payments network for the insurance industry, announced today a partnership with U.S. Bank aimed at delivering a comprehensive, unified payment experience for Property & Casualty (P&C) and Life insurers. The collaboration will provide the seamless integration of U.S. Bank's leading money movement and banking capabilities with One Inc's best-in-class ClaimsPay® and PremiumPay® solutions to optimize claims and premium processing experiences for customers. U.S. Bank is one of the largest commercial banks in the United States. Its strength, stability and deep experience in payments and i
New travel platform for credit cardholders elevates U.S. Bank Travel Center with Booking.com as a preferred choice for cardholders U.S. Bank has unveiled a new travel booking platform for U.S. Bank credit cardholders to reserve hotels, flights and rental cars. The U.S. Bank Travel Center with Booking.com, powered by Rocket Travel by Agoda, elevates travel planning and booking experiences through Rocket Travel by Agoda's advanced booking technology and global online travel planning expertise and support. "Whether paying for travel with points or cash, our cardholders will enjoy the convenience of planning their travel through a robust, easy-to-navigate online booking experience," said St
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
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