USB Stock Recent News
USB LATEST HEADLINES
In the closing of the recent trading day, U.S. Bancorp (USB) stood at $41.96, denoting a +1.8% change from the preceding trading day.
U.S. Bancorp (USB) reachead $41.22 at the closing of the latest trading day, reflecting a -0.36% change compared to its last close.
U.S. Bancorp is a financial services holding company founded in 1863 and headquartered in Minneapolis, Minnesota. The company has experienced a lot of growth throughout the years and has a healthy solvency profile. Its Series B Non-Cumulative Perpetual Preferred Stock offers a high dividend yield but carries risks such as the possibility of redemption and a lower dividend yield in the future.
If I Could Only Buy 2 High Dividend Yield Companies In February 2024
A new group of Wall Street firms has agreed to pay more than $81 million in civil penalties to settle SEC charges of record-keeping failures, the regulator said.
Dividend stock U.S. Bancorp is the seventh largest bank in the U.S., with $668 billion in assets.
U.S. Bancorp has been affected by higher interest rates, but net interest income remains higher than pre-pandemic levels. The bank is facing challenges in attracting deposits and loan demand, but has a strong cash buffer and low loan to deposit ratio. U.S. Bancorp's Series A preferred shares offer an 8% dividend yield and selling put options on its common shares can provide attractive premiums.
U.S. Bancorp represents a buy the dip opportunity based on price action, momentum, and relative strength. USB has rallied off its low, recaptured its rising 30-week EMA, and put in a series of higher highs and higher lows. Momentum is bullish, indicated by the PPO line being above the center line and above the signal line. Relative strength is also trending higher.
U.S. Bancorp's (USB) Q4 earnings gain from a rise in revenues and an improvement in credit quality. However, higher expenses and lower NII act as headwinds.
U.S. Bancorp (NYSE:USB) has reported a decline in fourth-quarter earnings after it booked several notable charges including $734 million to the Federal Deposit Insurance Corporation (FDIC).