Us Bancorp - USB STOCK NEWS

U.S. Bank has appointed Tendayi Kapfidze as the new head of economic analysis. Kapfidze will enhance the bank's economic research, supporting client-facing operations, treasury balance sheet management, CCAR stress testing, and CECL modeling processes. Previously, he served as chief economist at Lending Tree and held senior economist positions at Pfizer, Ally Financial, and Bank of America. Kapfidze holds a bachelor’s degree from Saint Louis University and a master’s in applied economics from Johns Hopkins University.

U.S. Bank has signed a definitive agreement to acquire PFM Asset Management LLC, allowing it to broaden its investment solutions and client relationships. As of March 31, 2021, combined assets under management exceeded $325 billion. PFM will maintain its operations independently, focusing on local government investment and outsourced investment services. The acquisition aims to enhance U.S. Bank's national presence, aligning with its focus on client-centric solutions. The transaction, set for closure in Q4 2021 pending regulatory approval, does not disclose financial terms.

U.S. Bancorp (NYSE: USB) announced a 9.5% increase in its dividend to $0.46 per share, effective October 2021, following the expiration of COVID-19 capital restrictions. The company will also adhere to a stress capital buffer requirement of 2.5% from October 1, 2021, maintaining a Common Equity Tier 1 (CET1) ratio above 7%. As of March 31, 2021, U.S. Bancorp's CET1 ratio stood at 9.9%. The firm reassures shareholders of its commitment to value creation amid ongoing economic uncertainties. Dividend payout is projected at an annual rate of $1.84 per share.

U.S. Bancorp (NYSE: USB) will announce its Q2 2021 earnings on July 15 before the market opens. A conference call led by CEO Andy Cecere and CFO Terry Dolan will follow at 8 a.m. CT to discuss results. Investors can access this call online via U.S. Bancorp's website or by telephone. A replay will be available after the call until July 22. As of March 31, 2021, U.S. Bancorp reported $553 billion in assets and employs nearly 70,000 staff, highlighting its diverse business operations in banking and financial services.

The Board of Directors of U.S. Bancorp (NYSE: USB) has announced a quarterly dividend of $0.42 per common share, payable on July 15, 2021, for stockholders on record by June 30, 2021. This annualizes to $1.68 per common share. Additionally, dividends were declared on various series of preferred stocks, including $884.722 for Series A and $221.181 for Series B, among others, all payable on the same date. U.S. Bancorp is recognized for its digital innovation and ethical practices, serving millions globally with assets nearing $553 billion.

U.S. Bancorp (NYSE: USB) will present at the Morgan Stanley Financials Conference on June 16 at 12:30 p.m. ET. The presentation will be led by Chairman, President and CEO Andy Cecere and Vice Chair and CFO Terry Dolan. A live webcast will be available on U.S. Bank's Investor Relations website on the day of the event, with a replay accessible afterward. U.S. Bancorp, headquartered in Minneapolis, has approximately 70,000 employees and $553 billion in assets, providing diverse banking services globally.

U.S. Bancorp (NYSE: USB) announced that Chairman, President and CEO Andy Cecere, along with Vice Chair and CFO Terry Dolan, will present at the Bernstein Strategic Decisions Conference. The virtual event is scheduled for 8 a.m. ET on June 4. A live webcast can be accessed through the U.S. Bank Investor Relations website, with a replay available for one year. U.S. Bancorp is a top financial institution, boasting $553 billion in assets and a commitment to ethical banking practices.

U.S. Bancorp (NYSE: USB) will have Vice Chair of Payment Services, Shailesh Kotwal, and Vice Chair of Consumer and Business Banking, Tim Welsh, presenting at the Deutsche Bank Global Financial Services Conference. The virtual event is scheduled for 2:50 p.m. ET on June 2. A live webcast will be accessible on the U.S. Bank Investor Relations website, with a replay available for one year. U.S. Bancorp, a leading commercial bank, has nearly 70,000 employees and $553 billion in assets as of March 31, 2021.