Us Bancorp Stock Price, News & Analysis

U.S. Bancorp has announced the redemption of its outstanding 2.35% Medium-Term Notes, Series V, on December 29, 2020, and all 3.00% Senior Notes due February 4, 2021, on January 4, 2021. The redemption price for these notes will be $1,000 per $1,000 original principal amount, plus any accrued interest. Payments will be made via The Depository Trust Company. U.S. Bancorp is a major financial institution with over 70,000 employees and $540 billion in assets as of September 30, 2020, and is recognized for its ethical practices.

U.S. Bancorp has announced the redemption of all outstanding Series H Non-Cumulative Perpetual Preferred Stock on January 15, 2021, at a price of $25,000 per share. The Series H Depositary Shares will also be redeemed, with the redemption price excluding any unpaid dividends. Holders can expect a regular quarterly dividend payment of $321.88 per share, paid separately on the same date. Following redemption, these shares will be delisted from the New York Stock Exchange. This release serves as notification, not an official redemption notice.

U.S. Bancorp (NYSE: USB) has declared a regular quarterly dividend of $0.42 per common share, payable on January 15, 2021, for stockholders of record by December 31, 2020. The annualized dividend stands at $1.68 per common share. Additionally, dividends were declared for various series of non-cumulative perpetual preferred stock, with payments ranging from $203.13 to $894.44 per share, also payable on January 15, 2021. This signifies a commitment to shareholder returns amid strong asset management, with U.S. Bancorp managing over $540 billion in assets.

U.S. Bancorp (NYSE: USB) announced that Chairman and CEO Andy Cecere, alongside CFO Terry Dolan, will present at the virtual Goldman Sachs U.S. Financial Services Conference. The presentation is scheduled for 10:40 a.m. ET on December 9. A live webcast of the event will be accessible on the Investor Relations website under the Webcasts and Presentations section. U.S. Bancorp is the parent company of U.S. Bank National Association, one of the largest commercial banks in the U.S., boasting over $540 billion in assets and a commitment to ethical banking practices.

U.S. Bank has announced the launch of its Luxembourg office, enhancing its Global Fund Services. The office will provide fund accounting, administration, and custody services for Luxembourg-based funds. Didier Delvaux, who leads the office, has over 25 years of related experience. U.S. Bank aims to focus on private equity and private debt funds, citing the need for expertise in a complex regulatory environment. The bank holds over $7.7 trillion in assets under custody globally and is committed to maintaining a strong ethical reputation in the fund servicing industry.

U.S. Bank has launched AP Optimizer, a digital tool designed to streamline invoice processing and payments for businesses. This tool aims to reduce costs and manage working capital more effectively.

By connecting to the Bottomline Paymode-X network of 425,000 suppliers, clients can start paying suppliers immediately. The tool integrates with ERP platforms, facilitating a shift from manual processes to electronic payments, including virtual cards and ACH, enhancing fraud protection.

U.S. Bank announced key organizational changes within its Fixed Income & Capital Markets (FICM) business to enhance client focus and operational efficiency. Notable appointments include Jonathan York overseeing Derivatives and Foreign Exchange Products, Chris Braun as head of Foreign Exchange, and Jeanne Rudelius leading Loan Capital Markets. The bank aims to build a stronger product suite and deliver specialized expertise, reinforcing its position as a leading financial partner in various sectors.

U.S. Bancorp (NYSE: USB) announced that Vice Chair and CFO Terry Dolan, along with Sr. EVP and Chief Credit Officer Mark Runkel, will present at the BancAnalysts Association of Boston Conference on November 6 at 8:50 a.m. ET. A live webcast of the event will be accessible via the Investor Relations section of the U.S. Bank website. As of September 30, 2020, U.S. Bancorp holds over $507 billion in assets and employs more than 70,000 individuals, making it the fifth-largest commercial bank in the U.S.

U.S. Bank has appointed Andrew Aye as the new Colorado market president, effective October 13. Aye, returning to U.S. Bank after a stint at BOK Financial, brings extensive experience from prior roles including market president at Guaranty Bank and Trust. His leadership skills and local knowledge are expected to enhance the bank's commercial middle market operations in Colorado. U.S. Bank employs over 2,700 people in the state and has contributed $8 million in corporate grants to local nonprofits over the past three years.