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U.S. Bancorp (USB.N)

USB.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Mastercard Nominates 14 Candidates For Election To Board
Saturday, 28 Apr 2018 

April 27 (Reuters) - Mastercard Inc ::MASTERCARD NOMINATES 14 CANDIDATES FOR ELECTION TO BOARD OF DIRECTORS.MASTERCARD INC - RICHARD DAVIS PROPOSED TO BE ADDED TO BOARD.MASTERCARD INC - RICHARD DAVIS, FORMERLY OF U.S. BANCORP, HAS BEEN ADDED TO SLATE ALONG WITH COMPANY'S EXISTING DIRECTORS.  Full Article

U.S. Bancorp CFO Says Recent Rate Hike Had Little Impact On Deposit Pricing - Conf Call
Wednesday, 18 Apr 2018 

April 18 (Reuters) - U.S. Bancorp ::U.S. BANCORP CFO SAYS AFTER MOST RECENT RATE HIKE, HAVE SEEN VERY LITTLE MOVEMENT IN TERMS OF DEPOSIT PRICING - CONF CALL.  Full Article

U.S. Bancorp CFO Expects 2018 Loan Growth To Pick Up In Second Half Of Year- Conf Call
Wednesday, 18 Apr 2018 

April 18 (Reuters) - U.S. Bancorp ::U.S. BANCORP CFO SAYS EXPECTS 2018 LOAN GROWTH TO PICK UP IN THE SECOND HALF OF THE YEAR - CONF CALL.U.S. BANCORP CFO SAYS FOR Q2 EXPECT NET INTEREST INCOME TO INCREASE IN MID-SINGLE DIGIT RANGE - CONF CALL.U.S. BANCORP CFO SAYS FOR Q2 EXPECT CREDIT QUALITY TO REMAIN RELATIVELY STABLE COMPARED WITH Q1 - CONF CALL.U.S. BANCORP CFO SAYS EXPECTS 2018 EXPENSES TO BE IN HIGHER END OF LONG TERM RANGE - CONF CALL.  Full Article

U.S. Bancorp Reports First Quarter 2018 Results
Wednesday, 18 Apr 2018 

April 18 (Reuters) - U.S. Bancorp ::REPORTS FIRST QUARTER 2018 RESULTS.Q1 EARNINGS PER SHARE $0.96.Q1 EARNINGS PER SHARE VIEW $0.94 -- THOMSON REUTERS I/B/E/S.NET INTEREST INCOME ON A TAXABLE-EQUIVALENT BASIS IN Q1 OF 2018 WAS $3,197 MILLION, AN INCREASE OF $167 MILLION.FULLY IMPLEMENTED COMMON EQUITY TIER 1 CAPITAL RATIO AT MARCH 31 WAS 9.0%.PROVISION FOR CREDIT LOSSES FOR Q1 OF 2018 WAS $341 MILLION, WHICH WAS $6 MILLION HIGHER THAN PRIOR QUARTER.QTRLY RETURN ON AVERAGE COMMON EQUITY OF 14.9 PERCENT VERSUS 14.7 PERCENT IN Q4 2017.TOTAL NET CHARGE-OFFS IN Q1 OF 2018 WERE $341 MILLION, COMPARED WITH $325 MILLION IN Q4 OF 2017.  Full Article

U.S. Bank Mobile Payment Expands To Mastercard Business Travel Cards
Wednesday, 11 Apr 2018 

April 11 (Reuters) - U.S. Bank ::MOBILE PAYMENT EXPANDS TO MASTERCARD BUSINESS TRAVEL CARDS.CLIENTS WHOSE BUSINESS TRAVEL CARDS RUN ON MASTERCARD NETWORK CAN NOW PAY FOR PURCHASES VIA MOBILE DEVICES.  Full Article

U.S. Bancorp Names Andy Cecere Board Chairman
Wednesday, 17 Jan 2018 

Jan 16 (Reuters) - U.S. Bancorp ::U.S. BANCORP NAMES ANDY CECERE CHAIRMAN OF THE BOARD OF DIRECTORS, EFFECTIVE APRIL 2018.U.S. BANCORP - DAVID O'MALEY WILL CONTINUE IN HIS ROLE AS BOARD'S LEAD INDEPENDENT DIRECTOR.  Full Article

U.S. Bancorp To Give Bonus For 60,000 Employees Due To Tax Reform Package
Tuesday, 2 Jan 2018 

Jan 2 (Reuters) - U.S. Bancorp ::U.S. BANCORP - DECIDED ‍ SPECIAL $1,000 BONUS FOR NEARLY 60,000 EMPLOYEES AS A RESULT OF TAX REFORM PACKAGE​.U.S. BANCORP - ‍RAISING MINIMUM WAGE TO $15 FOR ALL HOURLY EMPLOYEES AS A RESULT OF TAX REFORM PACKAGE​.U.S. BANCORP - TO MAKE ONE-TIME $150 MILLION CONTRIBUTION TO U.S. BANK FOUNDATION DUE TO TAX REFORM PACKAGE.  Full Article

U.S. Bank Announces Redemption Of Senior Notes
Friday, 15 Dec 2017 

Dec 15 (Reuters) - U.S. Bancorp ::U.S. BANK ANNOUNCES REDEMPTION OF SENIOR NOTES.U.S. BANK NATIONAL ASSOCIATION SAYS PAYMENT OF REDEMPTION PRICE FOR EACH OF SENIOR NOTES WILL BE MADE THROUGH FACILITIES OF DEPOSITORY TRUST COMPANY.U.S. BANK NATIONAL ASSOCIATION-REDEMPTION ON DEC 26 OF ALL OUTSTANDING FLOATING RATE SENIOR NOTES DUE JAN 26 2018 & 1.35 PCT SENIOR NOTES DUE JAN 26 2018.  Full Article

U.S. Bancorp reports Q3 earnings per share of $0.88
Wednesday, 18 Oct 2017 

Oct 18 (Reuters) - U.S. Bancorp :U.S. Bancorp reports record revenue and net income for the third quarter of 2017.Q3 earnings per share $0.88.Q3 earnings per share view $0.88 -- Thomson Reuters I/B/E/S.U.S. Bancorp - common equity tier 1 capital ratio was 9.6 percent at sept 30, compared with 9.5 percent at june 30.U.S. Bancorp - ‍net interest income on a taxable-equivalent basis in Q3 of 2017 was $3,186 million, an increase of $243 million over Q3 of 2016​.U.S. Bancorp - ‍provision for credit losses for Q3 of 2017 was $360 million, which was $10 million (2.9 percent) higher than prior quarter​.U.S. Bancorp - ‍total net charge-offs in Q3 of 2017 were $330 million, compared with $340 million in Q2 of 2017​.U.S. Bancorp - qtrly return on average common equity 13.6 ‍​percent versus. 13.5 percent last year.  Full Article

Jamie Walker to lead U.S. Bancorp subsidiary, Elavon as CEO
Thursday, 16 Mar 2017 

Elavon Inc: Jamie Walker to lead U.S. Bancorp subsidiary, Elavon Inc as CEO .Walker is transitioning to ceo from his current role as chief administrative officer for U.S. Bank's payment services division.  Full Article

BRIEF-The Bancorp Names Jennifer Terry Chief Human Resources Officer

* THE BANCORP NAMES JENNIFER TERRY CHIEF HUMAN RESOURCES OFFICER Source text for Eikon: Further company coverage: