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.
The Board of Directors of U.S. Bancorp (NYSE: USB) has declared a quarterly dividend of $0.42 per common share, payable April 15, 2021, to shareholders on record as of March 31, 2021. This results in an annual dividend of $1.68 per common share. Additionally, dividends declared for various non-cumulative perpetual preferred stocks include amounts ranging from $202.778 to $875.000 per share, all payable on the same date to eligible shareholders.
U.S. Bank National Association announced the redemption of all outstanding 3.15% Senior Notes and Floating Rate Senior Notes on March 26, 2021. Each note will be redeemed at $1,000 per $1,000 principal, plus accrued interest, excluding the redemption date. Payments will be processed through The Depository Trust Company. As of December 31, 2020, U.S. Bancorp had nearly 70,000 employees and $554 billion in assets, making it the fifth-largest commercial bank in the U.S. The bank is known for its commitment to ethical practices and climate action.
U.S. Bancorp (NYSE: USB) will announce its Q1 2021 earnings results before market open on April 15, 2021. A conference call hosted by CEO Andy Cecere and CFO Terry Dolan will follow at 9 a.m. CT to discuss the financial performance. Investors can access the call online via U.S. Bancorp's website or by phone using provided numbers. The company, with $554 billion in assets as of year-end 2020, continues to be recognized for its ethical practices and climate action.
U.S. Bank has entered into a multi-year sponsorship agreement with professional golfer Collin Morikawa, winner of the 2020 PGA Championship. Morikawa, currently ranked 4th in the Official World Golf Rankings, will feature U.S. Bank branding on his golf bag. The partnership includes the production of marketing campaigns across various media platforms. Morikawa has achieved four PGA TOUR titles, the most by any player under 25. U.S. Bank aims to align its brand with Morikawa's success and community-driven initiatives.
U.S. Bancorp will redeem all outstanding Series I Non-Cumulative Perpetual Preferred Stock on April 15, 2021, at a price of $25,000 per share. Holders will also receive a separate payment for the regular quarterly dividend for the period ending April 15, 2021. The redemption will occur through The Depository Trust Company, and all rights related to the stock will cease upon completion. This announcement does not serve as a formal notice of redemption, which is detailed in the certificate of designations.
U.S. Bancorp serves as a significant player in the banking industry with $554 billion in assets.
U.S. Bancorp (NYSE: USB) will have Vice Chair and CFO Terry Dolan and Vice Chair of Technology and Operations Services Jeff von Gillern present at the RBC Capital Markets Conference.
The virtual presentation is scheduled for 2 p.m. ET on Wednesday, March 10.
A live webcast will be available on the U.S. Bank Investor Relations website, with a replay following the event.
As of December 31, 2020, U.S. Bancorp has nearly 70,000 employees and assets totaling $554 billion, making it the fifth-largest commercial bank in the U.S.
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U.S. Bank launched its Access Commitment initiative aimed at enhancing wealth-building opportunities in diverse communities. This effort includes a $25 million microbusiness fund for women of color, a mortgage program to promote homeownership, and improved career opportunities for diverse employees. Building on a prior $116 million investment, the initiative targets systemic change by providing access to capital and financial education to address the racial wealth gap, particularly within the Black community.
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U.S. Bank appoints Scott Ford as president of Wealth Management Affluent, enhancing its integrated wealth management services for affluent clients. Ford brings over 20 years of experience from JP Morgan Chase and Citibank, where he focused on team leadership and growth strategies. He will lead a nationwide network of wealth management professionals, aiming to deliver value-added solutions. U.S. Bank continues to expand its comprehensive financial services, which include wealth planning, investment management, and trust services.