U.S. Bancorp Doing Fine, With Opportunities To Counterbalance Spread Pressure [Seeking Alpha]
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: Seeking Alpha
U.S. Bancorp Doing Fine, With Opportunities To Counterbalance Spread Pressure Summary U.S. Bancorp's second quarter earnings were a little better than expected, with a stronger contribution from fee-based businesses offsetting some yield pressure. Between branch consolidation, digital-driven de novo expansion, and fee-based businesses, U.S. Bancorp seems better-prepared to offset the oncoming spread pressure from lower rates. U.S. Bancorp shares look fairly valued today but may do better than peers more dependent upon spread revenue. For the most part, USB U.S. Bancorp might have more going for it than you'd think at first glance. With net interest margins likely to narrow even more over the next year, investors will do well to find banks that can offset that pressure. For U.S. Bancorp, growing fee-based businesses, organic de novo branch growth, and branch consolidation can all help offset that pressure. Like PNC Financial Not Much Drama, Good Or Bad, But A Slightly Better Quarter U.
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News
- Meet the ‘Air Traffic Controller' for U.S. Bank Wealth Management [Yahoo! Finance]Yahoo! Finance
- U.S. Bancorp Announces First Quarter Earnings Conference Call Details [Yahoo! Finance]Yahoo! Finance
- U.S. Bancorp Announces First Quarter Earnings Conference Call DetailsBusiness Wire
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USB
Earnings
- 1/17/24 - Miss
USB
Sec Filings
- 3/6/24 - Form 4
- 3/6/24 - Form 4
- 3/6/24 - Form 4
- USB's page on the SEC website