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United States

U.S. Bancorp (USB)

USB on New York Consolidated

42.47USD
26 Sep 2016
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Fri, Sep 23 2016

Fitch: Yield Curve Flattening Remains a Risk to US Bank Margins

(The following statement was released by the rating agency) NEW YORK/CHICAGO, September 23 (Fitch) A flattening yield curve could continue to pressure US bank margins following the latest Federal Reserve open market committee (FOMC) meeting where the medium-term projection for the Fed funds target rate was lowered again, says Fitch Ratings. The uncertainty over the rate trajectory and terminal rate, coupled with the unprecedented length of this low rate period, remain key challenges and sou

BRIEF-U.S. Bancorp issued $1.35 bln principal amount of 2.375 pct notes

* Issued $1.35 billion aggregate principal amount of its 2.375% medium-term notes, series V (senior) due July 22, 2026- SEC filing Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1-646-223-8780)

Fitch: Solid 2Q16 Earnings for U.S. Bancorp

(The following statement was released by the rating agency) CHICAGO, July 15 (Fitch) U.S. Bancorp's (USB) second quarter 2016 (2Q16) earnings continued to be strong and near the top of the banking industry, according to Fitch Ratings. This level of operating performance continues to support USB's ratings of 'AA/F1+', which are the highest in Fitch's Global Bank Ratings Universe. USB's annualized return on average assets (ROAA) remained strong at 1.43% in 2Q16, up from 1.32% in the sequenti

BRIEF-Fitch: Flat yield curve will pressure U.S. Bank margins in second half 2016

* Fitch: Flat yield curve will pressure U.S. Bank margins in second half 2016

BRIEF-U.S. Bancorp says Federal Reserve did not object to capital distribution plan

* U.S. Bancorp receives results of comprehensive capital analysis and review; Federal Reserve did not object to company's capital distribution plan

BRIEF-U.S. Bancorp names Terry Dolan CFO

* U.S. Bancorp appoints Terry Dolan as Chief Financial Officer; Dolan is currently Vice Chairman, Wealth Management & Securities Services

BRIEF-Fitch says Basel proposals could impact U.S. Bank credit card lines

* Basel committee's proposal could impact internationally active U.S. Credit card banks CET1 ratios on average by 375 basis points Source text (http://bit.ly/1UVswAo) (Bengaluru Newsroom: +1 646 223 8780)

BRIEF-Fitch: weaker 1Q US bank results reflect macro-challenges

* Given U.S. macroeconomic environment, number of future rate hikes is looking less certain

Fitch: Good Earnings for U.S. Bancorp Despite Higher Energy Provisioning

(The following statement was released by the rating agency) CHICAGO, April 20 (Fitch) U.S. Bancorp's (USB) first quarter 2016 (1Q16) earnings continued to be strong and near the top of the industry despite some higher provision expenses related to the company's energy loan portfolio, which Fitch Ratings notes represents only 1.3% of the company's total loans outstanding. Overall, USB's annualized return on average assets (ROAA) was a good 1.32% in 1Q16, though down from 1.41% in the sequent

U.S. Bancorp profit slips on energy loan provisions

Regional lender U.S. Bancorp reported a 3 percent fall in quarterly profit, weighed down by higher costs and increased reserves for bad loans to the energy industry.

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