Us Bancorp Stock Price, News & Analysis

U.S. Bank has established a new Global Transaction Services group, appointing Tarek El-Yafi as its head to enhance international banking and payment solutions. El-Yafi brings over 25 years of experience from Standard Chartered Bank and Citi, with expertise in transaction banking, payments, foreign exchange, treasury management, and trade services across the U.S., UK, Asia, Africa, and Middle East.

The new group will collaborate with various bank segments to commercialize international capabilities, focusing on helping U.S.-based clients manage cross-border payment costs across more than 60 currencies and 100 countries. The initiative builds on U.S. Bank's growing global presence, which includes doubled FX hedging business, European fund administration services, and Elavon's payment processing operations in 36+ countries.

U.S. Bank has launched a new advertising campaign for its Smartly™ Visa Signature® Card featuring NFL Hall of Fame quarterback Peyton Manning. The campaign debuted during the College Football Playoff National Championship game on January 20, with plans for a second TV spot in 2025.

The commercial showcases Manning pursuing bird watching as a hobby, purchasing supplies and gear using the Smartly card. The card, launched in late 2024, offers cash back on every purchase with no spending caps when paired with a U.S. Bank Smartly® Savings account. The product combination provides credit card rewards while offering competitive savings rates based on total eligible U.S. Bank balances.

The campaign includes television, digital, and social media advertisements, featuring the tagline "No matter what you buy, earn more, Smartly with the U.S. Bank Smartly Visa Signature Card."

U.S. Bancorp (USB) announced the release of its fourth quarter 2024 financial results. The company will host a conference call at 8 a.m. Central Time, led by Chairman and CEO Andy Cecere and Senior Executive Vice President and CFO John Stern, to discuss the results. The earnings release, supplement, and presentation materials are available on the company's investor relations website at ir.usbank.com.

Interested parties can access the conference call via webcast through U.S. Bancorp's website or by phone using the following numbers: 888-210-4659 (US and Canada) or 646-960-0383 (international), with conference ID 7269933.

U.S. Bancorp (NYSE: USB) has announced the appointment of Courtney Kelso as senior executive vice president and head of Payments: Consumer and Small Business (PCS), effective Feb. 3. Kelso, 47, will oversee personal and small business debit and credit cards, Elan, cobrand, and related functions including business line risk and credit/collections.

Reporting to company President Gunjan Kedia, Kelso brings over 17 years of experience from American Express and previous roles at McKinsey and Accenture. The appointment follows Shailesh Kotwal's announced retirement planned for the first half of 2025. As part of a strategic reorganization, U.S. Bancorp is splitting its Payment Services division into two units: Consumer and Small Business (PCS) and Merchant and Institutional (PMI), reflecting the growing importance of this business segment.

U.S. Bank has distributed over $9 million in Community Possible grants to 400+ nonprofits focused on creating stable housing environments. The grants support organizations working to provide opportunities for people to work, live and play. Notable recipients include Humility Homes & Services, Inc. (HHSI) in Davenport, Iowa, which maintains over 130 rental housing units and provides rapid rehousing services, and The Housing Fund (THF) in Nashville, Tennessee, which offers capital and loans to support low-income communities.

The grants are part of a larger initiative, with the U.S. Bank Foundation providing more than $47 million in total grants in 2024, including giving through the Community Possible program and the U.S. Bank Foundation Opportunity Fund. The foundation focuses on closing gaps between people and possibility in areas of work, home, and play.

U.S. Bancorp (NYSE: USB) has announced its upcoming fourth quarter 2024 earnings conference call, scheduled for Thursday, January 16, 2025. The earnings results will be released before market opening, followed by a conference call at 8 a.m. CT.

Chairman and CEO Andy Cecere and Senior Executive Vice President and CFO John Stern will host the call to review financial results. Investors can access the call via webcast on the U.S. Bancorp website or by telephone. U.S. and Canada participants should dial 888-210-4659, while international callers should use 646-960-0383, with access code 7269933.

A replay will be available at approximately 11 a.m. CT on the same day through the company's website.

U.S. Bancorp (NYSE: USB) has announced a reduction in its prime lending rate from 7.75% to 7.50%, representing a 25 basis points decrease. The new rate will be effective from December 19, 2024, and will be implemented across all U.S. Bank locations.

U.S. Bank addresses the challenges of discussing financial matters with aging parents, highlighting findings from a recent survey showing 45% of Americans are unaware of their parents' financial situation. Sarah Darr, head of financial planning at U.S. Bank, provides guidance on initiating these conversations, emphasizing the importance of approaching discussions with care and respect.

The guide recommends taking inventory of important documents, understanding assets and liabilities, ensuring proper estate planning, and maintaining open communication about future intentions. Key recommendations include choosing appropriate timing for discussions, keeping conversations brief, and involving financial advisors to facilitate dialogue. The survey also reveals that 53% of affluent Americans credit their financial advisors with helping navigate uncomfortable money conversations with family members.

U.S. Bancorp (NYSE: USB) has announced its quarterly dividend payments. The company declared a regular quarterly dividend of $0.50 per common share, equivalent to an annual dividend of $2.00 per share. The payment is scheduled for January 15, 2025, for stockholders of record as of December 31, 2024.

Additionally, the bank declared quarterly dividends for various series of preferred stock, including Series A ($1,517.364 per share), Series B ($352.508), Series K ($343.750), Series L ($234.375), Series M ($250.000), Series N ($231.250), and Series O ($281.250). All preferred stock dividends will be paid on the same date as the common stock dividend.