Us Bancorp Stock Price, News & Analysis

U.S. Bancorp (NYSE: USB) is set to announce its Q3 2022 earnings on October 14, 2022, before market opening. A conference call will be held at 8 a.m. CT, featuring Chairman Andy Cecere and CFO Terry Dolan, to discuss the results. The call will be accessible via the company’s website and by phone. A replay will be available later that day. As of June 30, 2022, U.S. Bancorp has approximately $591 billion in assets and 70,000 employees, serving customers through various banking and financial services.

U.S. Bancorp has announced an increase in its prime lending rate from 5.50% to 6.25%, effective September 22, 2022, across all U.S. Bank locations. The organization, which employs approximately 70,000 staff and holds $591 billion in assets as of June 30, 2022, provides a diverse range of financial services including Consumer and Business Banking, Payment Services, and Wealth Management. U.S. Bancorp has been recognized for its commitment to digital innovation and social responsibility, being listed among the 2022 World’s Most Ethical Companies.

U.S. Bancorp and Mitsubishi UFJ Financial Group (MUFG) have agreed to extend the termination date of their acquisition deal for MUFG Union Bank's regional banking franchise to December 31, 2022. Both companies are actively pursuing regulatory approvals and planning for the transaction's integration.

This acquisition will strengthen U.S. Bank's market presence, enhance customer service, and support low-income communities, backed by a $100 billion community benefits plan. The deal is significant for both institutions as they work towards closing the transaction in the second half of 2022.

The Board of Directors of U.S. Bancorp has declared a quarterly dividend of $0.48 per share, payable on October 17, 2022, to stockholders of record as of September 30, 2022. This dividend marks a 4.3% increase from the previous dividend of $0.46, bringing the annual total to $1.92 per share. Additional dividends were also declared for various series of preferred stocks, all payable on the same date to shareholders of record.

Elavon Merchant Services has announced an enhancement to its Transaction Risk Analysis (TRA) solution, allowing Strong Customer Authentication (SCA) exemptions for low-risk transactions up to €500, which is above the industry standard of €100-250. This change is projected to increase transaction approval rates by 3.5% over the industry average of 88%. Major retailers like Puma have reported significant improvements in approval rates, with some soaring to 100%. The TRA solution aims to reduce cart abandonment while maintaining security in e-commerce.

U.S. Bancorp (NYSE: USB) announced that Chairman and CEO Andy Cecere and Vice Chair and CFO Terry Dolan will present at the Barclays Global Financial Services Conference in New York on September 12 at 8:15 a.m. ET. A live audio webcast will be accessible on the U.S. Bank Investor Relations website, with a replay available for one year. U.S. Bancorp, based in Minneapolis, has approximately 70,000 employees and $591 billion in assets as of June 30, 2022, serving customers through diverse financial services.

U.S. Bank has announced a strategic collaboration with Opendorse to enhance financial literacy among over 80,000 student-athletes in the wake of new NCAA NIL policies. The program, called U.S. Bank Financial Fitness, aims to educate athletes on budgeting, tax management, and wealth creation. Opendorse CEO Blake Lawrence emphasized the importance of financial education for athletes navigating new revenue streams. The partnership will provide digital access to financial resources, with initial content focusing on essential financial concepts.

U.S. Bank has launched a new real-time payment solution for auto dealers, allowing them to receive funds instantly after loan finalization. Following a successful pilot in June, over 800 dealers have begun utilizing this service, enhancing cash flow management and operational efficiency. Unlike traditional ACH transactions that can take days, this solution offers funding seven days a week. The bank aims to expand this service further, meeting the growing interest among dealers for faster financing options.

U.S. Bancorp has raised its prime lending rate from 4.75% to 5.50%, effective July 28, 2022, across all U.S. Bank locations. This decision reflects the company's ongoing adjustments to market conditions. As of June 30, 2022, U.S. Bancorp operates with approximately 70,000 employees and manages $591 billion in assets. The company is recognized for its commitment to digital innovation and customer service, having been named one of the 2022 World’s Most Ethical Companies.