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U.S. Bancorp Add to portfolio

INX:USB, Jan 20, 09:54 UTC

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Wednesday, January 15


News

Jan 15, 2020 - Investors Asset Management Of Georgia Inc Buys Truist Financial Corp, Tesla Inc, Nuveen AMT-Free Municipal Income Fund, Sells SunTrust Banks Inc, Nuveen North Carolina Quality Municipal Income Fun, Chimera Investment Corp

USB STI +1 more USB STI TSLA

Investors Asset Management Of Georgia Inc Buys Truist Financial Corp, Tesla Inc, Nuveen AMT-Free Municipal Income Fund, Sells SunTrust Banks Inc, Nuveen North Carolina Quality Municipal Income Fun, Chimera Investment Corp. Investment company Investors Asset Management Of Georgia Inc (Current Portfolio) buys Truist Financial Corp, Tesla Inc, Nuveen AMT-Free Municipal Income Fund, U.S. Bancorp, Alerian MLP ETF, sells SunTrust Banks Inc, Nuveen North Carolina Quality Municipal Income Fun, Chimera Investment Corp, Nuveen Municipal Value Fund Inc during the 3-months ended 2019Q4, according to the most recent filings of the investment company, Investors Asset Management Of Georgia Inc . As of 2019Q4, Investors Asset Management Of Georgia Inc owns 150 stocks with a total value of $164 million. Fidelity National Information Services Inc (FIS) - 98,731 shares, 8.37% of the total portfolio. Intelligent Systems Corp (INS) - 269,743 shares, 6.56% of the total portfolio. JPMorgan Chase & Co (JPM) - 32,374 shares, 2.75% of the total portfolio.

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News

Dow Finishes Above 29000 as U.S., China Sign Trade Deal

USB

The Dow Jones Industrial Average closed above 29000 for the first time Wednesday after President Trump signed an initial trade pact with China, halting a two-year trade dispute between the world’s two largest economies. The blue-chip index advanced 90.55 points, or 0.3%, to 29030.22. Both the Dow and the S&P closed at records, while the Nasdaq is within 0.2% of Monday’s high. As part of the trade deal, signed in a pomp-filled ceremony at the White House, Washington suspended planned tariff increases on Chinese imports and cut the rate of some existing tariffs. The pact also included provisions to protect intellectual-property rights of U.S. companies in China, though it fell short of what the U.S. had wanted.

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  • Financial
News

US Bancorp (USB) Q4 2019 Earnings Call Transcript

USB

On a core basis, we delivered an 18.1% return on tangible common equity in the fourth quarter. For the full year, our core return on tangible common equity was 18.8%. In C&I, paydown activity muted overall growth in the fourth quarter, primarily reflecting the rate environment and robust capital market conditions. Fourth quarter 2019 notable items included restructuring charges including severance and certain asset impairments and an increased derivative liability related to Visa shares previously sold by the company. As a reminder, we recognized several notable items during the fourth quarter of 2018, including a gain on the sale of our ATM servicing business and the sale of a majority of the company's covered loans as well as charges related to severance, asset impairments and an accrual for certain legal matters. Net interest income on a fully taxable equivalent basis declined by 3% year-over-year, in line with our expectations as the impact of loan growth and higher yields on reinvestment of securities was more than offset by the impact of our flatter yield curve and deposit funding mix.

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News

Stocks Rise as U.S., China Prepare to Sign Trade Deal

USB

U.S. stocks rose to new highs as President Trump prepared to sign an initial trade pact with China, halting a two-year trade dispute between the world's two largest economies. Mr. Trump convened with U.S. and Chinese officials at the White House for the signing ceremony around midday. Although details of the deal weren't fully clear, Washington was expected to suspend planned tariff increases on Chinese imports, in exchange for commitments by Beijing to step up orders of a range of U.S. products. Still, a continuing battle over technology may keep relations on edge as the Trump administration focuses on tightening restrictions on Huawei Technologies Co., which U.S. officials view as a national-security threat. President Trump "wants the U.S. economy to be humming along going into the presidential election," said Lyn Graham-Taylor, fixed-income strategist at Rabobank.

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US Bancorp Earnings inline, Revenue Misses In Q4

USB

Investing.com - US Bancorp (NYSE:USB) reported fourth quarter earnings that matched analysts' expectations on Wednesday and revenue that fell short of forecasts. Analysts polled by Investing.com forecast EPS of $1.08 on revenue of $5.8B. On Tuesday, JPMorgan reported fourth quarter EPS of $2.57 on revenue of $29.21B, compared to forecasts of EPS of $2.35 on revenue of $27.87B. Bank of America earnings beat analysts' expectations on Wednesday, with fourth quarter EPS of $0.74 on revenue of $22.35B.

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Monday, January 13


News

Muted Interest Income to Mar U.S. Bancorp (USB) Q4 Earnings

USB

Muted Interest Income to Mar U.S. Bancorp (USB) Q4 Earnings. Also, the Fed’s accommodative policy stance with decline in interest rates and steadily rising deposit betas are likely to have hurt its net interest margin. However, the Zacks Consensus Estimate for average interest earning assets of $441 billion for the quarter indicates 4.9% year-over-year improvement. Payment Services Revenues to Grow: With increasing demand for online payment of products and services, fees charged to merchants for electronic processing of transactions are expected to have flared up. Zacks Rank: U.S. Bancorp currently carries a Zacks Rank of 3, which increases the predictive power of ESP. But we need to have positive earnings ESP to be sure of an earnings beat.

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Wednesday, December 25


News

Hedge Fund Consensus Stocks vs. U.S. Bancorp (USB) In 2019

USB

That's why we believe it isn't a waste of time to check out hedge fund sentiment before you invest in a stock like U.S. Bancorp (NYSE:USB). Our calculations also showed that USB isn't among the 30 most popular stocks among hedge funds (click for Q3 rankings and see the video at the end of this article for Q2 rankings). So, why do we pay attention to hedge fund sentiment before making any investment decisions? Our research has shown that hedge funds' small-cap stock picks managed to beat the market by double digits annually between 1999 and 2016, but the margin of outperformance has been declining in recent years. The following funds were also among the new USB investors: Michael Gelband's ExodusPoint Capital, Gregg Moskowitz's Interval Partners, and Paul Tudor Jones's Tudor Investment Corp. Let's check out hedge fund activity in other stocks - not necessarily in the same industry as U.S. Bancorp (NYSE:USB) but similarly valued.

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Friday, December 13


News

Placing the 0.047874 Earnings Yield in Perspective for Diageo plc (LSE:DGE)

USB DGE

Earnings Yield helps investors measure the return on investment for a given company. The Earnings Yield Five Year average for Diageo plc (LSE:DGE) is 0.038422. Some investors may be bemoaning the stock choices they have made over the last year. Investors who make the proper preparations and put in the extra time may be able to get themselves headed on the right track to realizing profits. At times, stock market volatility can wreak havoc on investors. When the market becomes highly volatile, investors may get the jitters and think they need to rush to action.

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Tuesday, December 10


News

John P. Wiehoff Joins U.S. Bancorp Board of Directors

USB

U.S. Bancorp announced today that its board of directors has elected John P. Wiehoff as a director of the company, effective Jan. 20. Robinson Worldwide, Inc., a multimodal transportation services and logistics solutions company with annual revenues greater than $16 billion and operations on four continents. Robinson, Wiehoff serves on the boards of directors of Donaldson Company, Inc., and Polaris Industries, Inc. "John is an experienced business leader who is known and respected for exceptional performance," said Andy Cecere, U.S. Bancorp chairman, president and CEO. "Much like the banking industry, logistics has transformed significantly by rapidly incorporating new and evolving technology into its business model. John’s experience in this area, and his belief that technology is put to best use by blending with human relationships and interactions, will be an excellent complement to our board, resource to our management team, and asset to our company."

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  • Science

Saturday, November 30


News

Reviewing U.S. Bancorp (NYSE:USB) & Bank of America (NYSE:BAC) – Riverton Roll

USB BAC

U.S. Bancorp (NYSE:USB) and Bank of America (NYSE:BAC) are both large-cap finance companies, but which is the superior stock? We will contrast the two businesses based on the strength of their institutional ownership, profitability, dividends, valuation, earnings, risk and analyst recommendations. This is a breakdown of current recommendations for U.S. Bancorp and Bank of America, as provided by MarketBeat. Given Bank of America’s stronger consensus rating and higher probable upside, analysts plainly believe Bank of America is more favorable than U.S. Bancorp.

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