Us Bancorp Stock Price, News & Analysis

U.S. Bancorp announced the redemption of all outstanding 3.25% Medium-Term Notes, Series X, on August 17, 2021, with a redemption price of $1,000 per $1,000 principal amount, plus accrued interest. The payment will be processed through The Depository Trust Company. As of June 30, 2021, U.S. Bancorp had nearly 70,000 employees and assets amounting to $559 billion, offering a diverse range of banking and financial services, recognized for digital innovation and social responsibility.

U.S. Bank Foundation has announced a $1 million investment in 20 nonprofit organizations led by emerging leaders focused on addressing economic disparities. These organizations operate in both rural and urban areas, emphasizing support for entrepreneurs, workforce development, and financial inclusion. Reba Dominski, executive vice president of social responsibility, highlighted the bank's commitment to empowering communities through funding and network-building initiatives. The partnerships aim to create sustainable solutions to wealth building and address racial and economic inequities.

U.S. Bancorp announced its second quarter 2021 results today with a significant financial reporting update. The company boasts approximately $553 billion in assets as of March 31, 2021, and employs nearly 70,000 staff. U.S. Bancorp operates various businesses including Consumer and Business Banking, Payment Services, and Wealth Management. The company has gained accolades for its digital innovation and customer service, recognized as one of the World’s Most Ethical Companies in 2021. Further details and discussion will be provided during a conference call hosted by CEO Andy Cecere and CFO Terry Dolan.

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.