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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)

U.S. Bank Announces Retirement Of Vice Chairman John Elmore
Wednesday, 5 Sep 2018 

Sept 5 (Reuters) - U.S. Bancorp ::U.S. BANK ANNOUNCES RETIREMENT OF BANKING VETERAN, VICE CHAIRMAN JOHN ELMORE.U.S. BANK SAYS WILL COMBINE COMMUNITY BANKING & BRANCH DELIVERY AND CONSUMER BANKING SALES & SUPPORT ORGANIZATIONS.U.S. BANK - ALSO ANNOUNCES NEW, ENTERPRISE-FOCUSED CHIEF DIGITAL OFFICER ROLE THAT WILL REPORT TO THE CEO.U.S. BANK - TIM WELSH WILL LEAD NEW COMMUNITY BANKING & BRANCH DELIVERY-CONSUMER BANKING SALES & SUPPORT ORGANIZATION.  Full Article

U.S. Bancorp Board Declared Regular Qtrly Dividend Of $0.30 Per Common Share
Monday, 19 Mar 2018 

March 19 (Reuters) - U.S. Bancorp ::BOARD DECLARED REGULAR QTRLY DIVIDEND OF $0.30 PER COMMON SHARE, PAYABLE APRIL 16.  Full Article

U.S. Bancorp Reports Q4 Earnings Per Share Of $0.97
Wednesday, 17 Jan 2018 

Jan 17 (Reuters) - U.S. Bancorp ::REPORTS FOURTH QUARTER AND FULL YEAR 2017 EARNINGS.Q4 EARNINGS PER SHARE $0.88 EXCLUDING ITEMS.Q4 EARNINGS PER SHARE $0.97.Q4 EARNINGS PER SHARE VIEW $0.87 -- THOMSON REUTERS I/B/E/S.- TOTAL NET CHARGE-OFFS IN Q4 OF 2017 WERE $325 MILLION, COMPARED WITH $330 MILLION IN Q3 OF 2017.- CO'S PROVISION FOR CREDIT LOSSES FOR Q4 OF 2017 WAS $335 MILLION, WHICH WAS $25 MILLION LOWER THAN PRIOR QUARTER.- QTRLY RETURN ON AVERAGE COMMON EQUITY WAS 14.7‍​ PERCENT VERSUS 13.1 PERCENT LAST YEAR.- ‍NET INTEREST INCOME ON A TAXABLE-EQUIVALENT BASIS IN Q4 OF 2017 WAS $3,197 MILLION, AN INCREASE OF $193 MILLION (6.4 PERCENT) OVER Q4 OF 2016​.- COMMON EQUITY TIER 1 CAPITAL RATIO WAS 9.3‍​ PERCENT AT DEC 31, 2017 VERSUS 9.6 PERCENT AT SEP 30, 2017.- Q4 RESULTS INCLUDED BENEFIT OF $910 MILLION RELATED TO ESTIMATED IMPACT OF TAX REFORM ON CO'S TAX RELATED ASSETS AND LIABILITIES.  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

U.S. Bancorp announces 7.1 pct increase in qtrly common stock dividends
Tuesday, 19 Sep 2017 

Sept 19 (Reuters) - U.S. Bancorp ::U.S. Bancorp announces a 7.1 percent increase in quarterly common stock dividends.Sets regular half year dividend of $26.50/depositary share on co's Series J non-cumulative perpetual preferred stock .Approved a 7.1 percent increase in dividend rate on U.S. Bancorp common stock to $0.30 on a quarterly basis​.  Full Article

U.S. Bancorp reports Q2 earnings per share $0.85
Wednesday, 19 Jul 2017 

July 19 (Reuters) - U.S. Bancorp -:U.S. Bancorp reports second quarter 2017 earnings.Q2 earnings per share $0.85.Q2 earnings per share view $0.84 -- Thomson Reuters I/B/E/S.U.S. Bancorp - provision for credit losses for q2 of 2017 was $350 million, which was $5 million (1.4 percent) higher than prior quarter.U.S. Bancorp - net interest income on a taxable-equivalent basis in Q2 of 2017 was $3.1 billion, an increase of $172 million (5.9 percent) over Q2 of 2016.U.S. Bancorp - total net charge-offs in Q2 of 2017 were $340 million, compared with $335 million in q1 of 2017, and $317 million in Q2 of 2016.U.S. Bancorp - Q2 return on average common equity 13.4 percent versus. 13.8 percent last year.U.S. Bancorp - common equity tier 1 capital ratio was ‍​9.5 percent at June 30, 2017, compared with 9.5 percent at march 31, 2017.  Full Article

U.S. Bank announces redemption of senior notes
Thursday, 13 Jul 2017 

July 13 (Reuters) - U.S. Bancorp ::U.S. Bank announces redemption of senior notes.U.S. Bank National Association says redemption on July 23, 2017, of all of its outstanding floating rate senior notes due August 23, 2017​.U.S. Bank National Association says redemption price will be equal to $1,000 per $1,000 original principal amount, plus any accrued and unpaid interest​.  Full Article

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Federal Reserve unveils proposal to ease regulations for larger banks

WASHINGTON The Federal Reserve said on Wednesday it wants to ease regulations for U.S. lenders with less than $700 billion in assets, a way to lessen the burden on big commercial lenders that do not have volatile Wall Street businesses.