US Bancorp NYSE: USB piąty bank w USA - głównie środkowe i zachodnie stany USA

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slayer74
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Re: US Bancorp NYSE: USB piąty bank w USA - głównie środkowe i zachodnie stany USA

Postautor: slayer74 » 11 lis 2022 13:15

Buffett's Berkshire sheds large portion of US Bancorp stake

(Reuters) - Berkshire Hathaway (NYSE:BRKa) Inc, the conglomerate run by billionaire Warren Buffett, said on Thursday it has shed more than 91 million US Bancorp (NYSE:USB) shares since the start of the year, reducing its stake in the fifth-largest U.S. bank by 63%.

In a regulatory filing, Berkshire said it owned just over 53 million U.S. Bancorp shares, for a 3.6% stake, on Oct. 31, down from 144.7 million shares, or 9.8%, on Dec. 31, 2021.

Berkshire began investing in the Minneapolis-based bank in 2006, according to regulatory filings.

It not did give a reason for the reduction or say if it has sold more stock in November. Buffett does not discuss his stock purchases and sales while they are ongoing.

U.S. Bancorp and Buffett's assistant did not immediately respond to requests for comment after market hours.

Shares of U.S. Bancorp closed Thursday at $44.87. They have fallen 20% this year.

Banks and other financial services companies normally comprise a large percentage of Berkshire's equity portfolio, which totaled $306.2 billion as of Sept. 30.

The Omaha, Nebraska-based company ended September with a $31.2 billion stake in Bank of America Corp (NYSE:BAC), the second-largest U.S. bank, and recently held large stakes in American Express Co (NYSE:AXP) and Bank of New York Mellon (NYSE:BK) Corp.

It has in recent years also held and sold multi-billion-dollar stakes in Goldman Sachs Group Inc (NYSE:GS), JPMorgan Chase & Co (NYSE:JPM) and Wells Fargo (NYSE:WFC) & Co.

Apple Inc (NASDAQ:AAPL) is Berkshire's largest common stock investment. Berkshire owned $126.5 billion of the iPhone maker's shares on Sept. 30.

On Nov. 14, Berkshire is expected in a regulatory filing to disclose more information about its U.S.-listed stock holdings.

Buffett, 92, has run Berkshire since 1965. The conglomerate also owns several dozen companies including the BNSF railroad, Geico auto insurer, energy and industrial businesses, and consumer products such as Dairy Queen ice cream.

https://www.investing.com/news/stock-ma ... ke-2940845
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slayer74
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Re: US Bancorp NYSE: USB piąty bank w USA - głównie środkowe i zachodnie stany USA

Postautor: slayer74 » 19 mar 2023 14:11

Buy Now: This Dividend Stock is Extremely Undervalued (40% Off 52-Week Highs!)
by Jason Fieber, Mr. Free at 33 • March 18, 2023


https://dailytradealert.com/2023/03/18/ ... eek-highs/
Pieniądz robi pieniądz a bieda robi jeszcze wiekszą biedę !!!

slayer74
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Re: US Bancorp NYSE: USB piąty bank w USA - głównie środkowe i zachodnie stany USA

Postautor: slayer74 » 26 mar 2023 16:42

Buy Now: This Dividend Stock is Extremely Undervalued (40% Off 52-Week Highs!)
by Jason Fieber, Mr. Free at 33 • March 18, 2023


https://dailytradealert.com/2023/03/18/ ... eek-highs/
Undervalued Dividend Growth Stock of the Week: U.S. Bancorp (USB)
by Jason Fieber, Mr. Free at 33 • March 26, 2023

Obrazek

https://dailytradealert.com/2023/03/26/ ... orp-usb-4/
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slayer74
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Re: US Bancorp NYSE: USB piąty bank w USA - głównie środkowe i zachodnie stany USA

Postautor: slayer74 » 11 lip 2023 23:54

Obrazek

Regional banks, which have been closely scrutinized following the banking crisis in the spring, were also in the ascendency, with U.S. Bancorp gaining more than 3.5% after Bank of America upgraded the stock to buy from neutral.

U.S. Bancorp (NYSE:USB) will see "superior” earnings growth and stock outperformance, Bank of America says, as the lender appears “well prepared” to manage headwinds in the sector including the need to bolster capital to cope with financial shocks.
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Re: US Bancorp NYSE: USB piąty bank w USA - głównie środkowe i zachodnie stany USA

Postautor: slayer74 » 08 sie 2023 22:44

Obrazek

Aug 7 (Reuters) - Moody's cut credit ratings of several small to mid-sized U.S. banks on Monday and said it may downgrade some of the nation's biggest lenders, warning that the sector's credit strength will likely be tested by funding risks and weaker profitability.

Moody's cut the ratings of 10 banks by one notch and placed six banking giants, including Bank of New York Mellon (BK.N), US Bancorp (USB.N), State Street (STT.N) and Truist Financial (TFC.N) on review for potential downgrades.

"Many banks' second-quarter results showed growing profitability pressures that will reduce their ability to generate internal capital," Moody's said in a note.

"This comes as a mild U.S. recession is on the horizon for early 2024 and asset quality looks set to decline, with particular risks in some banks’ commercial real estate (CRE)portfolios."

Moody's said elevated CRE exposures are a key risk due to high interest rates, declines in office demand as a result of remote work, and a reduction in the availability of CRE credit.

The agency also changed its outlook to negative for eleven major lenders, including Capital One (COF.N), Citizens Financial (CFG.N) and Fifth Third Bancorp (FITB.O).

The collapse of Silicon Valley Bank and Signature Bank earlier this year sparked a crisis of confidence in the U.S. banking sector, leading to a run on deposits at a host of regional banks despite authorities launching emergency measures to shore up confidence.

Still, Moody's cautioned that banks with sizable unrealized losses that are not reflected in their regulatory capital ratios are vulnerable to a loss of confidence in the current high-rate environment.

The sweeping report comes against the backdrop of tightening monetary conditions after the fastest pace of interest rate increases by the Federal Reserve in decades slows demand and borrowing.

The higher rates have also raised the spectre of recession and put pressure on sectors such as real estate to adjust to post-pandemic realities.

Federal Reserve survey data released last week showed U.S. banks reported tighter credit standards and weaker loan demand from both businesses and consumers during the second quarter.

Morgan Stanley analysts said the loan demand is likely to continue to weaken, with the rate of change slowing further.

Rating agency peer Fitch has downgraded the United States by a notch to AA+ due to fiscal deterioration over the next three years and repeated down-to-the-wire debt ceiling negotiations.

The downgraded banks by Moody's include M&T Bank (MTB.N), Pinnacle Financial Partners (PNFP.O), Prosperity Bank and BOK Financial Corp (BOKF.O).

Reporting by Juby Babu in Bengalurua and Ankur Banerjee in Singapore; Editing by Shri Navaratnam and Stephen Coates

NEW YORK (Reuters) -Ratings agency Moody's (NYSE:MCO) said the U.S. banking sector is still strong even after it downgraded some small- to mid-sized lenders and warned it might cut the ratings of several major banks.

"What we're doing here is recognizing some headwinds - we're not saying that the banking system is broken," Ana Arsov, managing director of financial institutions at Moody's, told Reuters in an interview.

An S&P index of bank stocks slid 2% after Moody's took action on 27 lenders on Monday, highlighting the challenges of higher interest rates, climbing funding costs and a looming recession that would weigh on profits.

"As you look ahead, it doesn't feel like the pressure from interest rates being higher and overall monetary policy tightening is close to abating," said Jill Cetina, an associate managing director at Moody's.

The rating changes stemmed from the likelihood that bank profits will shrink in the coming quarters, Arsov said. As the economy worsens, more borrowers will fall behind on loan payments and eventually default.

"Losses can only go up from now on," Arsov added, in areas such as consumer loans and commercial real estate.

Bank profit margins will continue to be compressed as they pay higher rates to customers to retain deposits.

"We've seen funding strains in the banking sector," Cetina said. "The interest rate risk, I think, was something that the U.S. banking sector was not prepared particularly well for, and because of that, we have some challenges at certain banks."
Pieniądz robi pieniądz a bieda robi jeszcze wiekszą biedę !!!

slayer74
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Re: US Bancorp NYSE: USB piąty bank w USA - głównie środkowe i zachodnie stany USA

Postautor: slayer74 » 19 paź 2023 16:15

Minneapolis-based U.S. Bancorp's third-quarter earnings report revealed a drop in profits to $1.52 billion or 91 cents per share, down from last year's $1.81 billion or $1.16 per share, missing FactSet analysts' prediction of 96 cents per share. This news was reported on Wednesday. According to InvestingPro, U.S. Bancorp's market cap stands at a significant 51.97B USD.

The bank's net interest income, saw a 10% year-over-year increase to $4.27 billion, contributing to a revenue climb from last year's $6.33 billion to $7.03 billion this year, outperforming analyst projections. This aligns with the InvestingPro Tip that U.S. Bancorp's revenue growth has been accelerating. The bank's revenue for the last twelve months, as reported by InvestingPro, was 24.05B USD, indicating a healthy financial state.

Despite the increase in revenue, U.S. Bancorp's stock experienced a 0.6% downturn in premarket trading. This could be attributed to the InvestingPro Tip that points to a declining trend in the company's earnings per share.

Earnings after adjusting for costs associated with the MUFG Union Bank acquisition stood at $1.05 per share, surpassing FactSet's forecast of $1.01 per share. The bank attributed this growth to heightened interest rates and the influence of the MUFG Union Bank acquisition.

The company also recorded a 12% year-on-year increase in average total deposits to a substantial $512.29 billion and allocated $515 million for credit losses, higher than the previous year's $362 million but lower than the $821 million provisioned in the second quarter. It's worth noting that U.S. Bancorp has maintained its dividend payments for 53 consecutive years, as highlighted by InvestingPro Tips, an impressive record that speaks to its financial resilience.

Despite these favorable outcomes, U.S. Bancorp's stock experienced a 0.6% downturn in premarket trading, reflecting a broader 0.3% drop in S&P 500 futures contracts. According to InvestingPro, the company's one-week price total return stands at 7.32%, indicating a potential recovery in the short term. For more valuable insights like these, consider exploring the InvestingPro platform, which offers numerous additional tips and real-time metrics to aid in making informed investment decisions.
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