As other banks report decline in deposits, Minneapolis-based U.S. Bancorp experiencing a surge [Yahoo! Finance]
U.S. Bancorp (USB)
Last u.s. bancorp earnings: 4/15 06:45 am
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US:NYSE Investor Relations:
phx.corporate-ir.net/phoenix.zhtml%3fc%3d117565%26p%3dirol-presentations
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Source: Yahoo! Finance
Bank National Association, has experienced a surge in that segment despite an uncertain rate environment. For the bank's first quarter ended March 31, average total deposits increased $279 million, or 0.1%, from the fourth quarter of 2023. PNC, meanwhile, reported Tuesday its average deposits decreased $3.8 billion, or 1%. "reflecting seasonally lower commercial deposits." Chief Executive Andy Cecere told analysts on a conference call Wednesday the bank is seeing consumer deposit growth despite the impact of quantitative tightening on industry deposit levels, which essentially are policies that reduce the Federal Reserve's balance sheet. After a series of interest rate increases to slow high inflation between 2022 and January of this year, Fed policymakers had indicated they planned to start lowering rates this year now that inflation has slowed back down. However, after two months of lower but stubborn inflation, Fed officials have also floated the idea of keeping those rates s
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USB
News
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USB
Earnings
- 4/17/24 - Miss
USB
Sec Filings
- 4/19/24 - Form 4
- 4/19/24 - Form 4
- 4/19/24 - Form 4
- USB's page on the SEC website