Latest news with #U.S.Bancorp
Business Wire
5 days ago
- Business
- Business Wire
U.S. Bancorp to speak at the Morgan Stanley US Financials Conference
MINNEAPOLIS--(BUSINESS WIRE)--U.S. Bancorp (NYSE: USB) announced today that President and Chief Executive Officer Gunjan Kedia and Vice Chair and Chief Financial Officer John Stern will present at the Morgan Stanley US Financials Conference. The presentation will begin at 8:15 a.m. ET on Wednesday June 11 in New York. A live audio webcast will be available on the day of the conference, at the ' Webcasts and Presentations ' section of the U.S. Bank Investor Relations website. A replay will be made available on the same site following the event. About U.S. Bancorp U.S. Bancorp, with approximately 70,000 employees and $676 billion in assets as of March 31, 2025, is the parent company of U.S. Bank National Association. Headquartered in Minneapolis, the company serves millions of customers locally, nationally and globally through a diversified mix of businesses including consumer banking, business banking, commercial banking, institutional banking, payments and wealth management. U.S. Bancorp has been recognized for its approach to digital innovation, community partnerships and customer service, including being named one of the 2025 World's Most Ethical Companies and one of Fortune's most admired superregional banks. To learn more, please visit the U.S. Bancorp website at and click on ' About Us.'
CNBC
15-05-2025
- Business
- CNBC
Ole Andreas Halvorsen's Viking Global bet on banks and more than doubled its stake in Nvidia in the first quarter
Ole Andreas Halvorsen's Viking Global increased its bets on U.S. financial stocks in the first quarter and more than doubled its position in Nvidia , according to the latest regulatory filing. Viking loaded up on shares of U.S. Bancorp , Charles Schwab and Bank of America , making them the hedge fund's three largest holdings, in that order. The fund also loaded up on a new position in Capital One , worth $823 million at the end of March. The Norwegian-American billionaire increased his stake in U.S. Bancorp by 43% after reducing its holding in the fourth quarter. Viking now holds more than 34.8 million shares of the Minneapolis-based bank in a position worth about $1.5 billion, according to the latest 13F filing with the Securities and Exchange Commission. Shares of U.S. Bancorp are down 6.8% this year, but have jumped 15.4% over the past month. Halvorsen, an alumnus of the late Julian Robertson 's Tiger Management, also raised his position in Charles Schwab by nearly 21%, and in Bank of America by 30.3%, as well as buying a new stake in Capital One Financial worth roughly $823 million. Viking also took a bet on embattled UnitedHealth , raising its position in the health care provider by 12.5% after the company faced multiple setbacks in 2024, ranging from the murder of the CEO at its largest division to higher-than-expected medical costs to a cyberattack. UnitedHealth was Viking's fourth largest position at the end of the first quarter, but there's no way to tell what, if anything, the fund has done since then. In addition to financials, Viking also bet on a several major semiconductor stocks and apparel companies. Viking loaded up on shares of Nvidia, more than tripling its stake in the company to about $709 million at the end of the latest quarter, and raised its holding in Qualcomm further after adding the chipmaker to its portfolio in the fourth quarter. Halvorsen also increased his positions in discount retailer Ross Stores and shoemaker Skechers by about 153% and 60%, respectively, while adding a new position in beaten-down Nike worth roughly $350 million. Viking also bought into new positions in Meta Platforms , Chubb and Singapore-based tech conglomerate Sea . The fund owned about $845 million worth of Meta shares by the end of the first quarter, making it the largest new buy in the quarter and Viking's seventh largest holding overall. Shares of Sea, the owner of e-commerce marketplace Shopee and popular gaming platform Garena, have soared more than 55% this year. Viking slashed its stakes in JPMorgan , Monster Beverage , Philip Morris , Progressive , Visa and Spotify , while entirely dissolving positions in Lululemon , KKR , Salesforce , Vistra and ZScaler .
Yahoo
14-05-2025
- Business
- Yahoo
U.S. Bancorp (USB): One of the Best Dividend Growth Stocks with High Yields
We recently published a list of the . In this article, we are going to take a look at where U.S. Bancorp (NYSE:USB) stands against other best dividend growth stocks. Dividend-paying stocks have been gaining popularity among investors due to their long-term advantages. According to Jeremy Zirin, who leads the US equity team for private clients at UBS Asset Management, companies with a consistent track record of increasing dividends are a smart choice for investors seeking a balanced approach in the current market environment. When markets dipped in April after President Donald Trump announced new tariff policies, investors gravitated toward high-yield dividend stocks. However, as trade tensions began to ease and negotiations progressed, markets recovered. Stocks surged particularly after the US and China agreed to temporarily reduce tariffs. He made the following comment about dividend stocks: 'The higher-dividend-yielding strategies tend to do better when markets are in real turmoil and declining, but if there's more chop, more volatility and potentially upside … you don't want to be overly defensive.' Historically, companies that consistently increase their dividends have tended to be less volatile and often delivered stronger returns than the broader market, including benchmarks like the S&P Equal Weight Index. According to a report by Guggenheim, from May 2005 through December 2024, firms that either initiated or raised their dividends generated an average annual return of 10.5%. In contrast, companies that cut or suspended their payouts posted just 5.5% annually. The overall market returned 10.4% during this timeframe, slightly behind the dividend growers. The report also highlighted that dividend growth strategies have historically performed well in both rising and falling markets, making them an attractive option for investors focused on long-term gains and downside protection. According to a report by S&P Global, the growth of global dividend payments had been slowing since the post-COVID recovery, but that trend reversed last year. In 2024, the growth rate unexpectedly accelerated to 8%, with shareholders receiving approximately $180 billion more than the previous year. This increase came as a surprise given the persistent geopolitical and economic challenges. The report also highlighted that several sectors and regions saw record dividend initiations, including the US technology, media, and telecom (TMT) sector, banks in Italy and Spain, Japan's automotive industry, and a general rise in payouts from Mainland China. Even with extreme price fluctuations, dividend payments from the oil and gas sector remained strong. Looking ahead, the report suggested that this high level of dividends is likely to hold steady, with global payouts expected to remain at $2.3 trillion in 2025. With growing investor appetite for dividend-paying stocks, many companies have responded by gradually increasing their dividend payouts. A report by Janus Henderson revealed that global dividend payments reached a record $1.75 trillion in 2024, reflecting a 6.6% rise on an underlying basis. The overall growth rate came in at 5.2%, slightly held back by a drop in special one-time dividends and the effect of a stronger U.S. dollar. Out of the 49 countries covered in the report, 17—including major economies such as the US, Canada, France, Japan, and China—posted record-high dividend levels. In total, 88% of companies either raised or held their dividends steady over the year. An experienced banker on the trading floor, monitoring financial markets in real time. For this list, we screened for dividend stocks with yields higher than 3% as of May 13. From this group, we further refined our selection criteria by identifying stocks with a dividend growth streak of 10 years or more. The stocks are ranked in ascending order of their dividend yields. At Insider Monkey, we are obsessed with hedge funds. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). Dividend Yield as of May 13: 4.52% U.S. Bancorp (NYSE:USB) is an American bank holding company, headquartered in Minnesota. It operates mainly as a commercial bank, generating nearly all of its revenue from loans and various consumer banking services. The company maintains a strong focus on consumer banking and is known for consistently delivering some of the highest profitability and efficiency figures in the industry. The stock has surged by nearly 7% in the past 12 months. In the first quarter of 2025, U.S. Bancorp (NYSE:USB) reported $6.93 billion in revenue, reflecting a 3.7% year-over-year increase and surpassing analyst estimates by $18.6 million. Net income for the quarter reached $1.7 billion, while the net interest margin rose to 2.72%, up slightly from both the previous year and the prior quarter. As of March 31, 2025, U.S. Bancorp (NYSE:USB)'s Common Equity Tier 1 (CET1) capital ratio improved to 10.8%, compared to 10.6% at the end of 2024. Average total loans grew 2.1% from a year earlier and 0.9% from the previous quarter. On March 11, the company declared a quarterly dividend of $0.50 per share, holding steady with its prior payout. With 14 consecutive years of dividend increases and a yield of 4.52% as of May 13, USB remains one of the best dividend stocks to invest in. Overall, USB ranks 10th on our list of the best dividend growth stocks with high yields. While we acknowledge the potential of USB as an investment, our conviction lies in the belief that some deeply undervalued dividend stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for a deeply undervalued dividend stock that is more promising than USB but that trades at 10 times its earnings and grows its earnings at double digit rates annually, check out our report about the . READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at . Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
05-05-2025
- Business
- Business Wire
U.S. Bank Avvance Added to Pure Finance Group's Home Improvement Lending Platform
MINNEAPOLIS--(BUSINESS WIRE)--U.S. Bank Avvance, a real-time, point-of-sale lending solution, has been selected by Pure Finance Group to support the home improvement lender's next growth effort. The integration of Avvance enabled Pure Finance's efforts to expand into the HVAC segment and is the latest fintech platform to leverage Avvance to provide real-time point-of-sale lending for its own clients. 'U.S. Bank Avvance supports business growth of our partners by providing financing options at the time of sale to meet customers' demands, coupled with the reliability of the 5 th largest commercial bank in the United States,' said Rob Seidman, head of U.S. Bank Avvance. 'We're excited to support Pure Finance's expansion into a new segment with Avvance, as we continue to discover partners who want the flexibility that real-time point-of-sale lending brings.' Founded in 2018, the Maryland-based Pure Finance has provided financing for more than 20,000 homeowners through its lending platform developed to support home improvement contractors. 'We're thrilled to leverage the kind of innovative lending product like Avvance from an innovative and reliable banking partner in U.S. Bank,' said Ed Meister, CEO at Pure Finance Group. Avvance is the latest addition to U.S. Bank's deep capabilities that bring together banking and payments. Launched in October 2023 as U.S. Bank's first real-time consumer lending product, Avvance provides APR-based consumer term loans at the point-of-sale. Focused at launch on providing real-time financing for home improvement and healthcare clients, the Avvance team is continuing to explore how to further expand the innovative point of sale solution to additional segments. To learn more about Avvance, visit About U.S. Bancorp U.S. Bancorp, with approximately 70,000 employees and $676 billion in assets as of March 31, 2025, is the parent company of U.S. Bank National Association. Headquartered in Minneapolis, the company serves millions of customers locally, nationally and globally through a diversified mix of businesses including consumer banking, business banking, commercial banking, institutional banking, payments and wealth management. U.S. Bancorp has been recognized for its approach to digital innovation, community partnerships and customer service, including being named one of the 2025 World's Most Ethical Companies and one of Fortune's most admired superregional banks. Learn more at
Associated Press
30-04-2025
- Business
- Associated Press
U.S. Bank Announces Official Sponsorship of the 2026 Special Olympics USA Games
Originally published on U.S. Bank company blog U.S. Bank today announced it has committed to be a partner of the 2026 Special Olympics USA Games, to be held in Minnesota from June 20-26, 2026. U.S. Bank is both the Official Volunteer Sponsor and the Official Competitive Cheer Sponsor of the USA Games. As the Official Volunteer Sponsor, U.S. Bank will help lead and mobilize more than 10,000 incredible volunteers who are vital to the success of the games. As the Official Competitive Cheer Sponsor, U.S. Bank will support this exciting event, which will take place at Ridder Arena at the University of Minnesota campus. Competitive Cheer was introduced to the USA Games in 2022 featuring 150 athletes and unified partners, and now more than 14,000 cheer athletes and unified partners annually train and compete in the United States. 'Hosting the Special Olympics USA Games here in our headquarters market of Minneapolis is such an honor,' said Reba Dominski, senior executive vice president and chief social responsibility officer for U.S. Bank. 'We are looking forward to showing these amazing athletes and their families just how supportive this community is and how excited we are to welcome them to the Twin Cities.' U.S. Bank joins a growing list of passionate partners for the 2026 Special Olympics USA Games. As a proud partner, U.S. Bank will also have many of its own employees playing a significant role in supporting the games through volunteering at various venues and helping to champion inclusion throughout the games. 'We are deeply thankful for U.S. Bank's collaboration in making the 2026 Special Olympics USA Games a reality,' said Christy Sovereign, chief executive officer of the 2026 Special Olympics USA Games. 'Their contribution empowers us to highlight the incredible human spirit, where competitive cheer and, most importantly, the tireless dedication of our many volunteers will unite to celebrate the extraordinary abilities of our athletes. The 2026 Special Olympics USA Games will be one of the largest sporting events in the U.S. that year, bringing together thousands of athletes of all abilities, coaches, volunteers and fans from all 50 states. To learn more about the 2026 Special Olympics USA Games, please visit About U.S. Bank U.S. Bancorp, with approximately 70,000 employees and $676 billion in assets as of March 31, 2025, is the parent company of U.S. Bank National Association. Headquartered in Minneapolis, the company serves millions of customers locally, nationally and globally through a diversified mix of businesses including consumer banking, business banking, commercial banking, institutional banking, payments and wealth management. U.S. Bancorp has been recognized for its approach to digital innovation, community partnerships and customer service, including being named one of the 2025 World's Most Ethical Companies and one of Fortune's most admired superregional banks. Learn more at About Special Olympics USA Games The 2026 Special Olympics USA Games—scheduled for June 20-26, 2026, across Minnesota's Twin Cities with sports competitions at the University of Minnesota and the National Sports Center in Blaine—is a national celebration of inclusivity, changing perceptions and the ability of the human spirit rising above limitations. The USA Games, with co-presenting partners Jersey Mike's Subs and United Healthcare, will be one of the biggest U.S. sporting events of the year, drawing tens of thousands of fans to celebrate the ability of over 3,000 incredible athletes from all 50 states as they compete in 16 Olympic-type team and individual sports. As a state with a long history of championing inclusion, the USA Games now bring an unrivaled opportunity to Minnesota to spark new energy around the Special Olympics movement and create a lasting legacy of positive change. Visit 3BL Media to see more multimedia and stories from US Bank
