U.S. Bancorp (USB)
22 Aug 2017
(The following statement was released by the rating agency) CHICAGO, July 19 (Fitch) U.S. Bancorp's (USB) second quarter 2017 (2Q17) net income of $1.5 billion was down 1.4% year-over-year as growth in net interest income (NII) amid higher short-term interest rates was offset by a decline in non-interest income and incrementally higher expenses, according to Fitch Ratings. USB's return on average assets (ROAA) was a still strong 1.35% in 2Q17 but down 8 basis points from 1.43% in the prior year'
U.S. Bancorp reported a better-than-expected quarterly profit on Wednesday as the largest U.S. regional bank benefited from higher interest rates.
July 19 U.S. Bancorp reported a better-than-expected quarterly profit on Wednesday as the largest U.S. regional bank benefited from higher interest rates.
July 19 U.S. Bancorp reported a better-than-expected quarterly profit on Wednesday as the largest U.S. regional bank benefited from higher interest rates, following rate increases by the Federal Reserve.
* Q2 earnings per share view $0.84 -- Thomson Reuters I/B/E/S
* U.S. Bank National Association says redemption on July 23, 2017, of all of its outstanding floating rate senior notes due August 23, 2017
(The following statement was released by the rating agency) NEW YORK/CHICAGO, June 29 (Fitch) The results of the 2017 Comprehensive Capital Adequacy Review (CCAR), alongside the earlier Dodd-Frank Stress Test (DFAST) results, highlight continued capital strength among large U.S. bank holding companies (BHCs) and will enable many of them to significantly increase capital payouts, says Fitch Ratings. Fitch has anticipated increased payout ratios and, therefore, they should not have near-term credi
* U.S. Bancorp - company expects to recommend a q3 dividend of $0.30 per common share, a 7.1 percent increase over current dividend rate
* u.s. Bank names Tim Welsh vice chairman of consumer banking sales and support
June 7 U.S. Bank Wealth Management, a unit of U.S. Bancorp, named Eric Contreras senior private banker for the Private Client Reserve of U.S. Bank in San Francisco.
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