Us Bancorp Stock Price, News & Analysis

U.S. Bancorp (NYSE: USB) has announced its participation in the upcoming RBC Capital Markets Global Financial Institutions Conference 2025. The bank will be represented by Senior Executive Vice President and CFO John Stern along with Senior Executive Vice President and Head of Consumer and Business Banking Products Arijit Roy.

The presentation is scheduled for Wednesday, March 5 at 11:20 a.m. ET in New York. Investors and interested parties can access a live webcast through the 'Webcasts and Presentations' section of U.S. Bank's Investor Relations website. A replay of the presentation will be made available on the same platform after the event.

U.S. Bank has been named an official banking partner of the LA Clippers and secured a founding level sponsorship of the new Intuit Dome arena. The long-term sponsorship includes brand integrations, a U.S. Bank lounge premium club space, broadcast elements, digital assets, and card member benefits.

The partnership reflects both organizations' commitment to the Los Angeles community, where U.S. Bank maintains a significant presence with over 9,000 employees and nearly 600 branches. The bank's Sports Finance Group has a history of providing capital markets and corporate banking services to major U.S. professional sports leagues for more than two decades.

To mark the partnership launch, the organizations have introduced the Power Forward sweepstakes, offering fans a chance to win courtside seats for upcoming games.

U.S. Bancorp (NYSE: USB) has announced its participation in two major financial conferences in February 2025. President Gunjan Kedia and Senior Executive Vice President and CFO John Stern will present at the UBS Financial Services Conference on February 11 at 10:30 a.m. ET in Key Biscayne, Florida.

The following day, February 12, Chairman and CEO Andy Cecere along with CFO Stern will present at the Bank of America Securities Financial Services Conference at 10:30 a.m. ET in Miami Beach, Florida.

Both presentations will be accessible via live webcast through the 'Webcasts and Presentations' section of U.S. Bank's Investor Relations website, with replays available after the events.

U.S. Bank's Freight Payment Index reveals continued contraction in the truck freight market during Q4 2024, with shipment volume declining 4.7% quarter-over-quarter and spending dropping 2.2%. The Southeast experienced the steepest regional decline of 6.7% in both shipments and spending, impacted by hurricanes and weaker auto production.

Regional performance varied, with the Northeast showing the smallest shipment decline at 1.2% and a 0.9% increase in spending. Three regions avoided spending contractions: Northeast (+0.9%), West (+0.1%), and Southwest (flat). The index, which processes over $43 billion in annual freight payments, indicates tighter capacity as shipments fell more than spending despite lower fuel surcharges.

Year-over-year comparisons show significant declines, with national shipments down 15.7% and spending down 22.0%. Factory output softness and structural challenges continue to impact the industry, particularly affecting truck freight volumes.

U.S. Bank has announced a strategic partnership between its Avvance point-of-sale lending solution and Magwitch, a Jacksonville-based fintech company. Through this integration, Avvance will provide point-of-sale lending services to merchants using Magwitch's lending-as-a-service platform, which serves 1,100 merchants directly and over 2,000 indirectly through white label technology services across the United States.

Avvance, launched in October 2023 as U.S. Bank's first real-time consumer lending product, offers flexible installment loans with APR-based terms at the point of sale. This partnership aims to help merchants meet consumer demand for flexible financing options while expanding U.S. Bank's lending reach through Magwitch's established merchant network.

U.S. Bancorp (NYSE: USB) has announced the appointment of Felicia La Forgia and Sekou Kaalund to its Managing Committee, a group of top executives overseeing revenue lines, enabling functions, and independent risk teams. La Forgia, 56, heads the company's Institutional Client Group with 35 years of industry experience. Kaalund, 49, leads the Branch and Small Business Banking team and joined U.S. Bank in late 2022.

La Forgia, who joined U.S. Bank in 2008, previously held leadership roles at The Bank of New York and WestLB. Kaalund's background includes positions at JPMorganChase, CitiGroup, and the Federal Reserve Bank of New York. Both executives will report directly to Kedia, and their appointments are effective immediately.

U.S. Bancorp (NYSE: USB) has announced that President Gunjan Kedia will become the company's CEO on April 15, following the annual shareholders meeting. Current Chairman and CEO Andy Cecere will transition to executive chairman, continuing to lead the Board of Directors while supporting Kedia's transition.

Kedia, 54, who joined U.S. Bancorp in 2016, has been elected to the company's Board of Directors. She brings nearly 30 years of financial services experience, including executive positions at State Street Financial and BNY. Cecere, 64, has spent almost 40 years with U.S. Bancorp, serving as chairman since 2018 and CEO since 2017.

During Cecere's tenure, he led significant investments in technology, payments, and digital capabilities, guided the organization through the COVID-19 pandemic, and oversaw major acquisitions, including the recent Union Bank transaction that expanded the company's California presence.

U.S. Bank has established a new Global Transaction Services group, appointing Tarek El-Yafi as its head to enhance international banking and payment solutions. El-Yafi brings over 25 years of experience from Standard Chartered Bank and Citi, with expertise in transaction banking, payments, foreign exchange, treasury management, and trade services across the U.S., UK, Asia, Africa, and Middle East.

The new group will collaborate with various bank segments to commercialize international capabilities, focusing on helping U.S.-based clients manage cross-border payment costs across more than 60 currencies and 100 countries. The initiative builds on U.S. Bank's growing global presence, which includes doubled FX hedging business, European fund administration services, and Elavon's payment processing operations in 36+ countries.

U.S. Bank has launched a new advertising campaign for its Smartly™ Visa Signature® Card featuring NFL Hall of Fame quarterback Peyton Manning. The campaign debuted during the College Football Playoff National Championship game on January 20, with plans for a second TV spot in 2025.

The commercial showcases Manning pursuing bird watching as a hobby, purchasing supplies and gear using the Smartly card. The card, launched in late 2024, offers cash back on every purchase with no spending caps when paired with a U.S. Bank Smartly® Savings account. The product combination provides credit card rewards while offering competitive savings rates based on total eligible U.S. Bank balances.

The campaign includes television, digital, and social media advertisements, featuring the tagline "No matter what you buy, earn more, Smartly with the U.S. Bank Smartly Visa Signature Card."