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U.S. Bancorp (USB.N)

USB.N on New York Stock Exchange

55.10USD
21 Feb 2018
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$0.19 (+0.35%)
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Latest Key Developments (Source: Significant Developments)

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

U.S. Bancorp says Andy Cecere to succeed Richard Davis as CEO on April 18, 2017
Tuesday, 17 Jan 2017 

U.S. Bancorp : Andy Cecere to succeed Richard Davis as U.S. Bancorp Chief Executive Officer at April annual meeting; Davis to continue as Executive Chairman of the Board .Cecere, currently co's President and Chief Operating Officer, will succeed Richard Davis as CEO on April 18, 2017.  Full Article

U.S. Bancorp issued $1.35 bln principal amount of 2.375 pct notes
Saturday, 23 Jul 2016 

U.S. Bancorp :Issued $1.35 billion aggregate principal amount of its 2.375% medium-term notes, series V (senior) due July 22, 2026- SEC filing.  Full Article

U.S. Bancorp says Q2 earnings per share $0.83
Friday, 15 Jul 2016 

U.S. Bancorp: U.S. Bancorp reports record revenue and net income for the second quarter of 2016 . Q2 earnings per share $0.83 . Q2 earnings per share view $0.80 -- Thomson Reuters I/B/E/S . Qtrly return on average common equity 13.8 percent versus 14.3 percent last year . Net interest income on a taxable-equivalent basis in Q2 of 2016 was $2,896 million, an increase of $126 million . Says company's provision for credit losses for Q2 of 2016 was $327 million, which was $3 million (0.9 percent) lower than prior quarter . Says total net charge-offs in Q2 of 2016 were $317 million, compared with $315 million in Q1 of 2016 .Common equity tier 1 capital ratio was 9.5 percent at June 30, 2016, compared with 9.5 percent at March 31, 2016.  Full Article

U.S. Bancorp says Federal Reserve did not object to capital distribution plan
Thursday, 30 Jun 2016 

U.S. Bancorp : U.S. Bancorp receives results of comprehensive capital analysis and review; Federal Reserve did not object to company's capital distribution plan . At this quarterly dividend rate, annual dividend will be equivalent to $1.12 per common share. . Will recommend in July that its board of directors approve an increase to quarterly dividend rate beginning with q3 dividend payable in October 2016 . Board approved a four-quarter authorization to repurchase up to $2.6 billion of its outstanding stock, beginning on July 1 .Expects to recommend a Q3 dividend of $0.28 per common share, a 9.8 percent increase over current dividend rate.  Full Article

U.S. Bancorp names Terry Dolan CFO
Monday, 13 Jun 2016 

U.S. Bancorp: U.S. Bancorp appoints Terry Dolan as Chief Financial Officer; Dolan is currently Vice Chairman, Wealth Management & Securities Services . Kathy Rogers, currently Vice Chairman and Chief Financial Officer, has made decision to step down from that role . Rogers will remain with company in her previous role, as head of Stress Test Process, and be based in Cincinnati .Rogers will continue in her responsibilities as CFO through transition.  Full Article

UPDATE 2-U.S. Bancorp to pay $613 mln for money-laundering violations

WASHINGTON, Feb 15 The U.S. Justice Department has reached a $613 million settlement with U.S. Bancorp over charges that it willfully failed to have an adequate anti-money-laundering program, the department said on Thursday.