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Us Bancorp

All articles tagged with #us bancorp

business8 hours ago

U.S. Bancorp to Acquire BTIG, Expanding Institutional Capital Markets

U.S. Bancorp announced a definitive agreement to acquire BTIG, expanding its capital-markets capabilities with BTIG’s institutional trading, investment banking, research and prime brokerage. The deal is valued at up to $1 billion, with about $725 million in base consideration ($362.5 million cash and 6.6 million U.S. Bancorp shares) and up to $275 million in additional cash over three years, and is expected to close in Q2 2026 subject to regulatory approvals. BTIG leadership will remain in place; the transaction is expected to have negligible 2026 EPS impact and a roughly 12 basis point decrease in the CET1 capital ratio, with no near-term change to capital returns.

via U.S. Bank|
#acquisition#btig#business
finance1 year ago

"Top 3 Dividend Compounders for Super-Safe Income in February 2024"

Analyst recommends Realty Income and U.S. Bancorp as potential additions to diversified dividend portfolios due to their attractive combination of dividend income and growth, along with favorable valuations. Realty Income, a real estate investment trust, offers a strong balance sheet and 5.68% dividend yield, while U.S. Bancorp, a financial services holding company, provides a 4.80% dividend yield and solid dividend growth. The analyst suggests overweighting Realty Income and underweighting U.S. Bancorp in a long-term investment portfolio to optimize risk-reward profiles, with a maximum allocation of 5% and 2.5% respectively.

via Seeking Alpha|
#dividend-yield#finance#investment
finance2 years ago

Fed's Regulatory Easing Boosts U.S. Bancorp's Surge

U.S. Bancorp's stock surged after the Federal Reserve released the bank from its commitment to meet requirements for larger banks by the end of next year. The regional lender will no longer have to satisfy requirements for Category II financial institutions, which would have brought stricter liquidity requirements and a more complex methodology for determining its capital requirements. U.S. Bancorp's shares rose 5.1% following the news.

via Yahoo Finance|
#category-ii#federal-reserve#finance
business2 years ago

"Top Pre-market Movers: JetBlue, Zillow, JPMorgan Chase, 3M, and Others"

JetBlue Airways and Zillow Group experience mixed premarket trading following analyst upgrades and downgrades, while JPMorgan Chase and U.S. Bancorp see gains after receiving positive ratings. Amazon's stock ticks higher as the company launches its Prime Day summer sale, and WD-40 reports a 15% increase in total net sales. Bank of America upgrades 3M to neutral, citing positive catalysts ahead, but Jefferies downgrades Zions Bancorp and Truist, causing their stocks to decline. Iovance Biotherapeutics falls over 11% after announcing the pricing of its underwritten public offering.

via CNBC|
#amazon#business#jetblue-airways
finance2 years ago

Buffett shifts focus to Capital One, sells other bank holdings.

Berkshire Hathaway, led by Warren Buffett, purchased 9.9 million shares of Capital One Financial Corp. worth $954 million, while dropping its stakes in Bank of New York Mellon and U.S. Bancorp, according to a regulatory filing. The company was a net seller of stocks in the quarter, buying $2.87 billion and selling $13.28 billion as it devoted resources elsewhere, including $8.2 billion to boost its stake in truck stop operator Pilot Travel Centers to 80% from 38.6%.

via Fox Business|
#bank-of-new-york-mellon#berkshire-hathaway#capital-one
finance2 years ago

Insider Buying Amid Bank Sector Turmoil Raises Questions.

Executives and directors at various-sized banks, including Zions Bancorp, US Bancorp, Lakeland Financial, and Unity Bancorp, have been buying up stock on the open market in late April and early May. These stocks have slid more than 20% so far in 2023, but most are ahead of the 39% drop in the SPDR S&P Regional Banking exchange-traded fund. Insiders are motivated by depressed prices and believe that the banking sector will prosper again when the events causing pressure on regional-bank stocks have receded.

via Barron's|
#banking#finance#insider-trading
finance2 years ago

Regional and Big Banks Struggle with Deposit Declines Amid Economic Turmoil.

Deposits at US Bancorp and Citizens Financial Group dropped during the first quarter, while Western Alliance saw a surge in deposits by $2 billion since the end of the first quarter. US Bancorp's net income was up from a year ago, while Citizens Financial's net income was down 7% from the year-ago quarter. Western Alliance's net interest income jumped more than 35% from the year-earlier period, but its deposits fell by $6 billion during the first quarter.

via Yahoo Finance|
#citizens-financial-group#deposits#fdic