Welcome to our dedicated page for Us Bancorp news (Ticker: USB), a resource for investors and traders seeking the latest updates and insights on Us Bancorp stock.
U.S. Bancorp (USB) generates a steady flow of news across banking, payments, capital markets and corporate finance. As the parent of U.S. Bank National Association and a large U.S. financial institution headquartered in Minneapolis, its announcements cover topics ranging from earnings and dividends to product launches, partnerships and regulatory matters. Investors and observers following USB news can see how the company’s diversified mix of consumer, business, commercial, institutional, payments and wealth management businesses evolves over time.
Recent press releases highlight several themes. In capital markets, U.S. Bancorp disclosed a definitive agreement to acquire the parent of BTIG, a financial services firm specializing in investment banking, institutional sales and trading, research and prime brokerage. The company presents this transaction as a way to add institutional equity sales and trading, equity capital markets, equity electronic trading and M&A advisory capabilities, reinforcing its presence in investment grade bond and syndicated loan markets and expanding into areas such as commodities, structured credit and subscription finance.
On the banking and payments side, news items include details on quarterly earnings conference calls, changes to the prime lending rate, and regular quarterly dividends on common and preferred shares. U.S. Bancorp also announces new products and partnerships, such as the U.S. Bank Split World Mastercard, the Avvance point-of-sale lending platform, an expanded co-branded credit card relationship with AAA – The Auto Club Group, and an expanded coin deposit partnership with Coinstar.
For corporate and institutional clients, U.S. Bancorp has publicized the launch of U.S. Bank Liquidity Manager powered by Kyriba, an AI-enabled cash forecasting and liquidity management tool accessed through its SinglePoint treasury platform. Conference appearances and investor presentations are also announced through news releases. Together, these updates provide insight into how U.S. Bancorp manages its balance sheet, capital markets strategy, digital initiatives and customer partnerships.
U.S. Bancorp (NYSE:USB) has announced an increase in its prime lending rate from 3.25 percent to 3.50 percent, effective March 17, 2022. This adjustment applies to all U.S. Bank locations. As of December 31, 2021, U.S. Bancorp reported nearly 70,000 employees and $573 billion in assets. The firm is recognized for its customer service, digital innovation, and was named one of the 2021 World’s Most Ethical Companies.
The Board of Directors of U.S. Bancorp (NYSE: USB) declared a quarterly dividend of $0.46 per common share, payable on April 15, 2022, to stockholders of record by March 31, 2022. This amounts to an annual dividend of $1.84 per common share. Additional dividends were announced for preferred stocks, including $875.000 per share for Series A and $218.750 for Series B, all payable on the same date. U.S. Bancorp, with nearly 70,000 employees and $573 billion in assets, provides diverse banking services globally.
The WNBA has announced a multiyear partnership with U.S. Bank, designating it as a WNBA Changemaker. This collaboration will empower women in sports, focusing on diversity, equity, and inclusion. U.S. Bank will become the official bank for marquee events and create financial education programs for players, promoting long-term success post-career. The partnership will also support community initiatives for young women in underserved areas, aiming to enhance financial health and economic advancement across diverse communities.
U.S. Bancorp (NYSE: USB) has announced that CFO Terry Dolan and Vice Chair Tim Welsh will present at the RBC Capital Markets Financial Institutions Virtual Conference on Wednesday, March 9 at 8 a.m. ET. A live webcast will be accessible on the day of the presentation from the Investor Relations website, with a replay available for a year. U.S. Bancorp, headquartered in Minneapolis, boasts nearly 70,000 employees and $573 billion in assets as of December 31, 2021, providing diverse banking services globally.
U.S. Bank has partnered with Microsoft Azure to modernize its technology infrastructure, aiming to enhance customer and employee experiences. The investment includes leveraging artificial intelligence and machine learning to create innovative services and improve operational efficiency. With an increase in digital transactions, U.S. Bank is adapting to changing banking habits post-COVID-19, where 81% of consumer transactions occurred online by 2021. Additionally, the transition will strengthen data security and resilience within the bank.
U.S. Bancorp announced the redemption of all outstanding 3.00% Medium-Term Notes, Series T, due March 15, 2022, on February 15, 2022. The redemption price will be $1,000 per $1,000 original principal amount along with accrued interest up to the redemption date. Payments will be processed through The Depository Trust Company. As of December 31, 2021, U.S. Bancorp holds $573 billion in assets and has nearly 70,000 employees, providing a range of banking services while being recognized for its commitment to digital innovation and social responsibility.
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