Analysis-US consumers on lower incomes face loan stress while banks pull back [Yahoo! Finance]
U.S. Bancorp (USB)
Last u.s. bancorp earnings: 4/15 06:45 am
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Source: Yahoo! Finance
to recent data and bank executives, prompting banks to become more cautious about dishing out credit cards and car loans. A growing number of Americans have seen their savings dwindle as rising prices squeeze budgets while interest rates stay high, bankers and economists said. The deterioration in household finances for those earning less than $45,000 contrasts with financial resilience among those on higher incomes. Austan Goolsbee, Chicago Federal Reserve Bank President, said on Friday that consumer delinquencies were one of the most concerning economic data points at the moment. "If the delinquency rate of consumer loans starts rising, that is often a leading indicator things are about to get worse," he said. First-time and low-income borrowers are experiencing higher default rates on their loans than people with larger incomes, said Arijit Roy, who runs the consumer business at U.S. Bancorp. At Bank of America, net charge-offs, or debts that are unlikely to be recovered,
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News
- Brett Barakett's Tremblant Capital Launches Actively Managed ETF [Yahoo! Finance]Yahoo! Finance
- U.S. Bancorp (NYSE: USB) had its price target lowered by analysts at JPMorgan Chase & Co. from $45.00 to $43.50. They now have an "overweight" rating on the stock.MarketBeat
- Investors in U.S. Bancorp (NYSE:USB) have unfortunately lost 24% over the last three years [Yahoo! Finance]Yahoo! Finance
- U.S. Bank Freight Payment Index: Truck freight contraction continues [Yahoo! Finance]Yahoo! Finance
- U.S. Bank Freight Payment Index: Truck freight contraction continuesBusiness Wire
USB
Earnings
- 4/17/24 - Miss
USB
Sec Filings
- 5/1/24 - Form 10-Q
- 4/19/24 - Form 4
- 4/19/24 - Form 4
- USB's page on the SEC website