US9029733048 - Common Stock
US BANCORP
NYSE:USB (11/21/2024, 6:30:00 PM)
After market: 51.39 0 (0%)51.39
+0.65 (+1.28%)
U.S. Bancorp operates as a bank holding company, which offers financial services including lending and depository services, cash management, foreign exchange and trust and investment management. The company is headquartered in Minneapolis, Minnesota and currently employs 70,000 full-time employees. The Company’s major lines of business are Wealth, Corporate, Commercial and Institutional Banking, Consumer and Business Banking, Payment Services, and Treasury and Corporate Support. The firm provides a range of financial services, including lending and depository services, cash management, capital markets, and trust and investment management services. The company also engages in credit card services, merchant and ATM processing, and others. Its banking subsidiary, U.S. Bank National Association (USBNA), is engaged in the banking business, principally in domestic markets. USBNA provides a range of products and services to individuals, businesses, institutional organizations, governmental entities, and other financial institutions. Its non-banking subsidiaries offer investment and insurance products to the Company’s customers principally within its domestic markets, and fund administration services to a range of mutual and other funds.
US BANCORP
800 Nicollet Mall
Minneapolis MINNESOTA 55402
P: 16514663000
CEO: Andrew Cecere
Employees: 75465
Website: https://www.usbank.com/
The technical analysis for US BANCORP (NYSE:USB) is highly positive, with a rating of 10 out of 10, suggesting a potential breakout.
US banks added to credit reserves in the first half of 2024 to protect against further losses from commercial real estate and some consumer loans, the Federal Reserve said in its twice-yearly supervision and regulation report Friday.
Stanley Druckenmiller’s family office led investment firms for the world’s rich in boosting allocations to US bank shares last quarter, putting them in line to profit from a rally in financial stocks.
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