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Zacks News
U.S. Bancorp was formed in February 2001 with the merger of the former U.S. Bancorp and Firstar Corporation. It provides banking and investment services through a network of 3,018 banking offices principally operating in the Midwest and West regions of the United States through on-line services and over mobile devices. Also, with 70,000 employees and $540 billion in assets as of Sep 30, 2020, U.S. Bancorp is the parent company of U.S. Bank — the fifth-largest commercial bank in the United States.
Stock Market News for Jul 16, 2020
by Zacks Equity Research
Benchmarks edged up on Wednesday as investors cheered promising data for a potential COVID-19 vaccine and few better-than-expected quarterly earnings reports.
U.S. Bancorp (USB) Gains 3.2% as Q2 Earnings Top Estimates
by Zacks Equity Research
U.S. Bancorp's (USB) Q2 results reflect a rise in fee income, loan growth, elevated expenses and higher provisions on account of the coronavirus outbreak-related woes.
Wells Fargo (WFC) Q2 Loss Wider Than Expected, Provisions Up
by Zacks Equity Research
Wells Fargo's (WFC) Q2 results reflect a decline in net interest and fee income along with higher provisions and expenses.
Mortgage Banking to Support U.S. Bancorp's (USB) Q2 Earnings
by Zacks Equity Research
U.S. Bancorp's (USB) Q2 results are likely to reflect higher mortgage banking revenues, muted interest income and increased expenses.
Trading, Underwriting Business to Aid Goldman (GS) Q2 Earnings
by Zacks Equity Research
While a substantial rise in trading activities and solid underwriting business will likely reflect on Goldman's (GS) Q2 results, lower rates and reduced consumer banking activities may have been woes.
The Zacks Analyst Blog Highlights: Bank of America, JPMorgan Chase and U.S. Bancorp
by Zacks Equity Research
The Zacks Analyst Blog Highlights: Bank of America, JPMorgan Chase and U.S. Bancorp
Big Banks Pass Coronavirus Stress Test: 3 Stocks to Keep a Tab On
by Tirthankar Chakraborty
With the Fed saying that big banks are strong enough to weather tough economic situations amid the coronavirus outbreak along with easing of Volcker Rule, the lenders are surely not stressed out at the moment.
JPMorgan, Wells Fargo and Others Under Probe for PPP Procedure
by Zacks Equity Research
Major banks have been asked to submit documents, regarding applications received, and all communications with SBA and Treasury on which application to prioritize.
Banks Issue Mixed Views for Q2, Reserves Likely to Rise
by Priti Dhanuka
Big banks -- Wells Fargo (WFC), Citigroup (C), Morgan Stanley (MS), U.S. Bancorp (USB) and JPMorgan (JPM) -- announce Q2 guidance.
Bank Stock Roundup: Economic Rebound Hopes High Amid Coronavirus Woes, Citi in Focus
by Zacks Equity Research
Banking stocks appreciate as upbeat economic reports perk up markets, boosting investor optimism over an expected economic rebound.
Warren Buffett Cuts Stake in Bank Stocks on Coronavirus Woes
by Zacks Equity Research
Amid a challenging operating backdrop, Warren Buffett is divesting bank stocks from his investment portfolio.
Bank ETFs Rise on Merger Speculations
by Sanghamitra Saha
U.S. bank stocks and ETFs gain on merger speculation. What lies ahead?
Truist Financial's (TFC) Q1 Earnings Beat, Provisions Jump
by Zacks Equity Research
Truist Financial's (TFC) Q1 revenues increase, mainly due to completion of the merger deal between BB&T and SunTrust Banks. Yet, increase in credit costs amid coronavirus concerns is a major headwind.
State Street's (STT) Q1 Earnings Beat on Higher Fee Income
by Zacks Equity Research
Increase in fee income and lower operating costs support State Street's (STT) Q1 earnings amid coronavirus-related mayhem.
Bank Stock Roundup: Q1 Earnings Begins Amid Coronavirus Scare, BAC, JPM & WFC Miss
by Zacks Equity Research
Heightened investors' concerns visible on banks' Q1 earnings, with the major players displaying rise in credit costs, higher expenses and margin pressure on lower rates amid the coronavirus pandemic.
KeyCorp (KEY) Q1 Earnings Beat on Lower Costs, Provisions Up
by Zacks Equity Research
Although decline in operating expenses supports KeyCorp's (KEY) Q1 earnings, a drastic increase in credit costs amid coronavirus mayhem hurts.
U.S. Bancorp (USB) Q1 Earnings Beat Estimates, Costs Rise
by Zacks Equity Research
U.S. Bancorp's (USB) Q1 results reflect rise in fee income, elevated expenses and higher provisions on account of coronavirus-related woes.
JPMorgan (JPM) Q1 Earnings Lag on Coronavirus Credit Costs
by Zacks Equity Research
Amid coronavirus-related woes and economic slowdown, JPMorgan's (JPM) Q1 earnings lag due to a rise in credit costs.
Wells Fargo (WFC) Q1 Earnings Lag, Provisions Rise on Coronavirus
by Zacks Equity Research
Wells Fargo's (WFC) Q1 results reflect reduced net interest and fee income, higher provisions as well as lower expenses.
Fee Income Growth to Aid U.S. Bancorp's (USB) Q1 Earnings
by Zacks Equity Research
U.S. Bancorp's (USB) Q1 results are likely to reflect higher mortgage banking revenues, muted interest income and increased expenses.
First Republic (FRC) Beats Q1 Earnings Estimates, Stock Up
by Zacks Equity Research
First Republic's (FRC) first-quarter 2020 results reflect higher revenues, improved loan balance and elevated expenses.
Big Week of Q1 Earnings Coming Up
by Mark Vickery
Starting with the big banks and moving to companies working of a vaccine for COVID-19, we'll hope for the best and expect the worst.
Q1 Earnings in Focus
by Zacks Equity Research
Q1 Earnings in Focus
Major Regional Bank Stock Outlook Dim on Rate Cuts, Coronavirus
by Swayta Shah
Near-zero interest rates, and coronavirus-induced lockdown and economic slowdown are likely to hurt major regional banks' financials in the next few quarters.
West Virginia Bank Becomes 2nd to Fail in 2020 (revised)
by Swayta Shah
Although a large number of bank failures owing to the coronavirus pandemic is unlikely, less financially sound banks are likely to fail amid recessionary trends.