MLQ.ai | Stocks

U.S. Bancorp (USB) News

Price: $47.885
Market Cap: $74.73B
Avg Volume: 7.91M

Country: US
Industry: Banks - Regional
Sector: Financial Services

Beta: 1.05
52W Range: $30.47-50.47
Website: U.S. Bancorp

Related Tools

🗞️ Stock News Assistant

Get concise summaries, analyze trends, and ask questions about stock-related news.

Use Tool

✍️ AI Journalist

Input a topic and GPT will search the web, find relevants articles, and write an article based on the research.

Use Tool

USB Stock Up 4.7% as Q3 Earnings Beat on Lower Non-Interest Expenses

A decline in non-interest expenses supports U.S. Bancorp's third-quarter 2024 earnings amid lower NII and non-interest income, and poor credit quality.

zacks.com

U.S. Bancorp Q3 Earnings Surpass Estimates on Lower Expenses

USB's third-quarter 2024 earnings benefit from a decline in expenses. Lower NII and weakening asset quality act as spoilsports.

zacks.com

Dow Jumps 250 Points; U.S. Bancorp Earnings Top Views

U.S. stocks traded higher midway through trading, with the Dow Jones index gaining over 250 points on Wednesday.

benzinga.com

Quarterly Earnings Reports Summary

This morning, we see a new print on international trade as well as further articulation on Q3 earnings, particularly in banking/finance and Big Pharma. Pre-market futures are slightly up at this hour: the Dow +22 points, the S&P 500 +1 and the Nasdaq +5 points.

zacks.com

US Bancorp Sees Stable Card Delinquencies and Commercial Revenue Boost

US Bancorp's latest quarter showed continued growth in card balances, resilience in what it has termed its “differentiated business model” and credit quality metrics that were in line with expectations.

pymnts.com

U.S. Bancorp's EPS Rises 13.2% in Q3

The bank's earnings and net income rose despite headwinds on noninterest income and credit charge-offs.

fool.com

US Bancorp Stock Surges as Profit Tops Expectations

U.S. Bancorp (USB) shares jumped Wednesday as its profit got a boost from higher-than-anticipated net interest income.

investopedia.com

Imports/Exports Lower; Morgan Stanley, Abbott Beat in Q3

Both Imports and Exports were deeper into the negative than expected. Meanwhile, MS, ABT and USB all beat of Q3 earnings.

zacks.com

U.S. Bancorp (USB) Q3 2024 Earnings Call Transcript

U.S. Bancorp (NYSE:USB ) Q3 2024 Earnings Call Transcript October 16, 2024 8:00 AM ET Company Participants George Andersen - SVP and Director of IR Andy Cecere - Chairman and CEO John Stern - CFO Gunjan Kedia - President Conference Call Participants Scott Siefers - Piper Sandler John Pancari - Evercore ISI Betsy Graseck - Morgan Stanley Erika Najarian - UBS Mike Mayo - Wells Fargo Securities Gerard Cassidy - RBC Capital Markets Vivek Juneja - JPMorgan Ebrahim Poonawala - Bank of America Matt O'Connor - Deutsche Bank Operator Hello, and welcome to the U.S. Bancorp Third Quarter 2024 Earnings Conference Call. Following a review of the results, there will be a formal question-and-answer session.

seekingalpha.com

U.S. Bancorp (USB) Reports Q3 Earnings: What Key Metrics Have to Say

While the top- and bottom-line numbers for U.S. Bancorp (USB) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

zacks.com

U.S. Bancorp (USB) Q3 Earnings Beat Estimates

U.S. Bancorp (USB) came out with quarterly earnings of $1.03 per share, beating the Zacks Consensus Estimate of $1 per share. This compares to earnings of $1.05 per share a year ago.

zacks.com

U.S. Bancorp Reports Third Quarter 2024 Results

MINNEAPOLIS--(BUSINESS WIRE)--U.S. Bancorp Reports Third Quarter 2024 Results.

businesswire.com

I Remain Cautious About U.S. Bancorp Ahead Of Earnings

U.S. Bancorp will report third quarter results on Wednesday and we can expect similar results as in the second quarter. While results are still solid, we see earnings per share constantly decline in the last few quarters. In the same time, delinquency rates for U.S. Bancorp (as well as for the entire banking sector) are increasing and we have strong warning signal for a potential recession.

seekingalpha.com

U.S. Bancorp: I'm Buying This Undervalued Stock That Just Raised Its Dividend

U.S. Bancorp offers an attractive value proposition, trading below historical valuation with a forward P/E of 12.0 and a solid 4.3% dividend yield. USB's strong risk management, steady loan and deposit growth, and rising non-interest income, particularly in payments and investment management, bolster its positive outlook. USB remains well-capitalized, recently raised its dividend, and has a positive outlook with 9%-12% annual EPS growth forecasted.

seekingalpha.com

Unveiling U.S. Bancorp (USB) Q3 Outlook: Wall Street Estimates for Key Metrics

Beyond analysts' top -and-bottom-line estimates for U.S. Bancorp (USB), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended September 2024.

zacks.com

Regional US banks favored by analysts going into quarterly earnings

US banks' third quarter earnings are expected to benefit from upcoming Federal Reserve rate cuts, Bank of America analysts believe. Reduced rates could be a positive development for banks, particularly in a scenario where customer activity rebounds contributing to an economic soft landing, the analysts wrote in a note to clients.

proactiveinvestors.com

Earnings Preview: U.S. Bancorp (USB) Q3 Earnings Expected to Decline

U.S. Bancorp (USB) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

zacks.com

USB Sink Controllers from Diodes Incorporated Offer Versatile PD EPR Solutions for Battery-Powered Devices

PLANO, Texas--(BUSINESS WIRE)--Diodes Incorporated (Diodes) (Nasdaq: DIOD) today releases two USB Type-C® Power Delivery (PD) 3.1 extended power range (EPR) sink controllers. These can be embedded into battery-powered devices and other types of equipment using a USB Type-C socket as a power source, including routers, wireless speakers, power banks, and power tools. The AP33771C and AP33772S support product designers transitioning from proprietary charging ports, legacy USB ports, and barrel-jac.

businesswire.com

Zacks Industry Outlook JPMorgan, U.S. Bancorp,Truist Financial and The Bank of New York Mellon

JPMorgan, U.S. Bancorp,Truist Financial and The Bank of New York Mellon have been highlighted in this Industry Outlook article.

zacks.com

Lower NII to Hurt U.S. Bancorp's Q3 Earnings, Fee Income to Aid

USB's third-quarter performance is likely to have been impacted by lower NII. Nonetheless, a rise in non-interest income might offer some support.

zacks.com

4 Major Regional Bank Stocks to Watch as Fed Cuts Interest Rates

High funding costs and poor asset quality will hurt Zacks Major Regional Banks. Yet, interest rate cuts, modest loan demand, decent economic growth and business restructuring efforts are likely to aid industry players like JPM, USB, TFC and BK.

zacks.com

Dividends Don't (Usually) Lie

September 30, 2024 (Maple Hill Syndicate) – Geraldine Weiss, who died two years ago at age 96, was a successful investment newsletter writer at a time when few women were prominent in finance. She wrote a book called Dividends Don't Lie.

gurufocus.com

Value Investor Chris Davis Cut All of His Bank Stock Holdings Except These Two

Famed value investor Chris Davis runs Davis Selected Advisors, a hedge fund with $19.9 billion in assets under management.

247wallst.com

USB Devices Market is Expected to Reach USD 79.41 Billion by 2032, Driven by the Rising Demand for Improved Connectivity Solutions

The rise of remote work and content creation is driving the demand for versatile USB devices, including hubs and docking stations, to enhance connectivity. The rise of remote work and content creation is driving the demand for versatile USB devices, including hubs and docking stations, to enhance connectivity.

globenewswire.com

13 Upcoming Dividend Increases Including 2 Kings

Next week features 13 dividend increases, including Illinois Tool Works (7.4%) and Federal Realty Investment Trust (0.9%), both Dividend Kings. My strategy focuses on buying, holding, and adding companies with consistent dividend growth and market outperformance, using data from U.S. Dividend Champions and NASDAQ. I use SCHD and RNP as benchmarks; if a stock can't outperform these, I prefer investing in the ETFs.

seekingalpha.com

Why Matrix CIO is chasing Becton Dickinson and US Bancorp

David Katz, chief investment officer at Matrix Asset Advisors, joins 'The Exchange' to discuss his picks in the markets, how to position for the future, and more.

youtube.com

Why I Am Buying U.S. Bancorp Despite Lower Interest Rate Expectations

The article explains why investing in banks in a declining interest rate environment isn't a bad idea. U.S. Bancorp should do very well in the currently expected environment, for a number of reasons discussed herein. USB stock has rallied strongly over the last year, but its valuation remains compelling.

seekingalpha.com

Buy These 5 S&P 500 Blue Chips Today and You Also Grab the Big Dividends

24/7 Wall St. Insights Quality dividend stocks will be in favor as rates trend lower.

247wallst.com

U.S. Bancorp: Share Repurchase Plan, Dovish Fed Give Compelling Arguments To Buy

U.S. Bancorp set to increase the share of income distributed to shareholders to around 75%. USB's net interest income might be near an inflection point, as it grew by 0.9% q/q in Q2. Rate cuts could actually be a tailwind for net interest income in the short term.

seekingalpha.com

Going Ex-Dividend

Just over a tenth of the stocks in the S&P 500 are going ex-dividend in the next two weeks. If the ex-dividend date is 9/20/24, for example, you'd need to own shares as of the close on 9/19/24 to capture the dividend. Some of the highest-yielding stocks going ex-dividend in the next two weeks include Eversource Energy, Philip Morris International, Franklin Resources, US Bancorp, and Host Hotels.

seekingalpha.com

Big Banks Could Be Getting Very Good News From Regulators. Here's What You Need to Know.

The largest banks in the U.S. are looking at more favorable capital rules under a proposal laid out last year. The new framework relaxes previously stringent capital rules for banks with assets between $100 billion and $250 billion.

fool.com

U.S. Bancorp Announces New Buyback Plan, Gives Medium-Term Outlook

USB announces a new share repurchase plan of up to $5 billion of the company's outstanding common stock. The company also provides a medium-term outlook.

zacks.com

Keep an Eye on 3 S&P 500 Bank Stocks With Biggest Weekly Declines

The S&P 500 Index sees the worst weekly declines, and bank stocks are not untouched. Investors must keep KEY, WFC & USB stocks on the radar.

zacks.com

U.S. Bancorp's Arm Expands Credit Card Line With 2 New Launches

USB's banking arm, U.S. Bank, unveils news products under its U.S. Bank Smartly line to attract and retain clients by rewarding both spending and saving habits.

zacks.com

USB Implementers Forum (USB-IF) Launches New Conformity Test Program for OEMs/ODMs in Support of EU Common Charger Directive

BEAVERTON, Ore.--(BUSINESS WIRE)--USB Implementers Forum (USB-IF), the support organization for the advancement and adoption of USB technology, today announced the launch of the USB-IF Conformity to IEC 62680 (USB) Specifications Program. This new initiative is designed to assist Original Equipment Manufacturers (OEMs)/Original Device Manufacturers (ODMs) in conforming to the basic requirements of the European Union (EU) Common Charger Directive, which mandates the use of standardized charging.

businesswire.com

U.S. Bancorp (USB) Rises 12% in 3 Months: More Upside Left?

U.S. Bancorp's (USB) strategic expansion efforts, diversified revenue sources and solid balance sheet position are tailwinds. Yet, rising costs are a concern.

zacks.com

Pulsiv CPO explains the opportunity for its new super-efficient USB charger - ICYMI

Tim Moore, the chief product officer at Pulsiv, a Frontier IP Group PLC (AIM:FIPP) portfolio company, talks about the opportunity for its new 65-watt USB-C reference design charger. Tim Moore: At Pulsiv, we've been working on developing groundbreaking technology to improve the efficiency of power conversion.

proactiveinvestors.co.uk

U.S. Bancorp (USB) Unit Announces Partnership With Edward Jones

U.S. Bancorp's ((USB) banking division U.S. Bank's collaboration is in line with its alliance strategy to broaden the company's regional reach and better serve its customers.

zacks.com

U.S. Bancorp's (USB) Arm Acquires Healthcare Payment Platform

U.S. Bancorp's (USB) banking subsidiary, U.S. Bank, acquires Salucro Healthcare Solutions. This is likely to enhance its healthcare payment solutions.

zacks.com

Global Automotive USB Power Delivery System Market Size To Worth USD 11.65 Billion By 2033 | CAGR Of 18.08%

The Global Automotive USB Power Delivery System Market Size was Valued at USD 2.21 Billion in 2023 and the Worldwide Automotive USB Power Delivery System Market Size is Expected to Reach USD 11.65 Billion by 2033, according to a research report published by Spherical Insights & Consulting. Companies covered: Cypress Semiconductor Corporation, Infineon Technologies AG, Lattice Semiconductor, NXP Semiconductors N.V, Renesas Electronics Corporation, Delphi Technologies, Continental AG, Denso Corporation, Bosch Group, Yazaki Corporation, Texas Instruments Incorporated, Aptiv PLC, Lear Corporation, ROHM Semiconductor, and Others key Vendors. The Global Automotive USB Power Delivery System Market Size was Valued at USD 2.21 Billion in 2023 and the Worldwide Automotive USB Power Delivery System Market Size is Expected to Reach USD 11.65 Billion by 2033, according to a research report published by Spherical Insights & Consulting. Companies covered: Cypress Semiconductor Corporation, Infineon Technologies AG, Lattice Semiconductor, NXP Semiconductors N.V, Renesas Electronics Corporation, Delphi Technologies, Continental AG, Denso Corporation, Bosch Group, Yazaki Corporation, Texas Instruments Incorporated, Aptiv PLC, Lear Corporation, ROHM Semiconductor, and Others key Vendors.

globenewswire.com

U.S. Bank acquires healthcare payments platform Salucro Healthcare Solutions

MINNEAPOLIS--(BUSINESS WIRE)--U.S. Bank, lead bank of U.S. Bancorp (NYSE: USB), has acquired Salucro Healthcare Solutions LLC. The Tempe, Arizona-based company provides healthcare financial technology, focused on patient payments and billing. Founded in 2004, Salucro is a market leader in providing online billing and payments offerings for healthcare providers across the United States. Salucro had previously been a partner of Elavon, the merchant acquiring unit within U.S. Bank. U.S. Bank initi.

businesswire.com

Shailesh Kotwal to retire from U.S. Bank in first half of 2025

MINNEAPOLIS--(BUSINESS WIRE)--U.S. Bancorp (NYSE: USB), parent company of U.S. Bank, announced today that Shailesh Kotwal, vice chair of Payment Services, intends to retire from the company in the first half of 2025. “For nearly a decade, Shailesh has been a forward-looking champion of payments and money movement and a leader who has inspired our organization to expand its capabilities in a rapidly evolving area of the industry,” said Andy Cecere, U.S. Bancorp chairman and CEO. “He has been an.

businesswire.com

10 Great Dividend Stocks For The Next 10 Years

The focus of this article is to provide a select list of 10 dividend stocks that, in our view, are currently undervalued and should provide an average of 4.5% plus yield for the foreseeable future. We use a simple and easy-to-implement filtering method to narrow down our list to probable candidates. In our view, these dividend stocks will provide sustainable yields with decent dividend growth that will likely meet and exceed the rate of inflation.

seekingalpha.com

UPDATE -- Cyber Acoustics Announces AC-6014 USB-C Headset for Classrooms

VANCOUVER, Wash., Aug. 14, 2024 (GLOBE NEWSWIRE) -- Cyber Acoustics , the leading manufacturer of edtech for all classroom environments, today announced the AC-6014 USB-C Headset, further expanding its line of technology solutions for all K-12 and virtual classrooms.

globenewswire.com

Cyber Acoustics Announces AC-6014 USB-C Headset for Classrooms for

globenewswire.com

7 Financial Stocks That Could Benefit from Rising Interest Rates

While interest rates remain high, it offers a good opportunity to investors to consider these financial stocks for rising interest rates. An increase in interest rates often results in increased net interest margins for banks and other financial institutions.

investorplace.com

Here's Why You Should Buy U.S. Bancorp (USB) Stock Right Now

U.S. Bancorp (USB) is well-poised to benefit from its diversified revenue streams and solid loan and deposit growth. Its strategic partnerships and buyouts are set to aid its footprint expansion.

zacks.com

Bank of America: Buffett's Selling Activity Could Be a Bad Sign

Warren Buffett (Trades, Portfolio)'s Berkshire Hathaway (BRK.A, Financial) (BRK.B, Financial) sold about 34 million shares of Bank of America Corp. (BAC, Financial) between July 17 and July 19, 19 million shares between July 22 and 24 and another 18.40 million shares between July 30 and Aug. 1, according to recent Form 4 filings.

gurufocus.com

Zacks Industry Outlook JPMorgan,U.S. Bancorp and Truist Financial

JPMorgan,U.S. Bancorp and Truist Financial have been highlighted in this Industry Outlook article.

zacks.com

3 Stocks From the Prospering Major Regional Banks Industry

High funding costs and weakening asset quality will hurt Zacks Major Regional Banks. Yet, interest rate cuts, modest loan demand, decent economic growth and business restructuring efforts are likely to aid industry players like JPMorgan (JPM), U.S. Bancorp (USB) and Truist (TFC).

zacks.com

Silicon Labs Enables SONOFF Micro Zigbee USB Smart Adaptor to Elevate Smart Home Connectivity

EFR32 MG21 SoC Tailored for Zigbee Applications Offers Several Advantages for ZBMicro AUSTIN, Texas , Aug. 1, 2024 /PRNewswire/ -- Silicon Labs (NASDAQ: SLAB), a leader in secure, intelligent wireless technology for a more connected world, today announced that its MG21 2.4 GHz wireless SoC had been selected by SONOFF for its new ZBMicro smart switch, SONOFF's Micro Zigbee USB Smart Adaptor. ZBMicro is a groundbreaking addition to the realm of smart home technology.

prnewswire.com

U.S. Bancorp: Still Banking On 7.8% Floating Preferred Yield

U.S. Bancorp's Series A preferred shares are a good option for income investors, despite potential interest rate risks. The bank's earnings results for the second quarter showed stable net interest income and loan growth. Risks facing U.S. Bancorp include loan performance problems, but the bank has a large allowance for credit losses to mitigate these risks.

seekingalpha.com

2 Great Preferred Stocks, +7% Yield, For A Safer Retirement

We discuss three essential criteria for steady passive income from investments. My investment strategy seeks regular and recurring income from lower-risk preferred securities. With fixed income, I am using the interest rate uncertainties to my advantage.

seekingalpha.com

U.S. Bancorp: Get Out Before The Fed Pivot

U.S. Bancorp beat Q2 earnings estimates, and revenues also exceeded expectations. However, the lender's NII declined 8.9% year over year. The lender has good balance sheet quality and credit metrics, but it faces risks of cyclically declining net interest income due to the Fed's upcoming rate pivot. Shares of USB are fully valued at a 41% premium to book value, with limited upside potential and an unappealing risk profile for long-term investors.

seekingalpha.com

U.S. Bancorp (USB) Upgraded to Buy: Here's What You Should Know

U.S. Bancorp (USB) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

zacks.com

The Global Market for Wireless USB (WUSB) Devices 2024-2030 - Rising Levels of Remote Work Spurs Demand for Clutter-Free Home Office Setups

Dublin, July 22, 2024 (GLOBE NEWSWIRE) -- The "Wireless USB (WUSB) Devices - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering. The global market for Wireless USB (WUSB) Devices is estimated at 18 million devices in 2023 and is projected to reach 38 million devices by 2030, growing at a CAGR of 11% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

globenewswire.com

U.S. Bancorp Stock Pops on Q2 Earnings Beat

U.S. Bancorp (USB) shares surged in intraday trading Wednesday after the bank holding company's second-quarter results beat analysts' expectations on the top and bottom lines.

investopedia.com

US Bancorp: Credit Card Volumes Surge, Loan Delinquencies Stabilize

Bank earnings continue to show credit remains a key payments choice. U.S. Bancorp's earnings, released Wednesday (July 17) indicated that within the company's payment services segment, credit card payment volumes came in at $36.5 billion, up 4.6% year on year.

pymnts.com

U.S. Bancorp's (USB) Q2 Earnings Beat on Lower Expenses

U.S. Bancorp's (USB) second quarter 2024 results are aided by lower expenses and higher deposits. Yet, a decline in NII is a concern.

zacks.com

U.S. Bancorp, Citizens Financial shares rise as positive bank sentiment continues

Upbeat sentiment toward bank stocks continued Wednesday as U.S. Bancorp and Citizens Financial Group Inc. both rose on mostly positive quarterly results.

marketwatch.com

US banks see high deposit costs, investment banking boost

U.S. lenders' second-quarter profits were squeezed by dampening loan demand and the high interest they paid to hold on to deposits, but a flurry of bond sales boosted their investment banking units.

reuters.com

U.S. Bancorp (USB) Reports Q2 Earnings: What Key Metrics Have to Say

Although the revenue and EPS for U.S. Bancorp (USB) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

zacks.com

U.S. Bancorp (USB) Q2 Earnings and Revenues Top Estimates

U.S. Bancorp (USB) came out with quarterly earnings of $0.98 per share, beating the Zacks Consensus Estimate of $0.96 per share. This compares to earnings of $1.12 per share a year ago.

zacks.com

U.S. Bancorp's adjusted profit falls as deposit costs hurt interest income

U.S. Bancorp's adjusted profit fell about 10% in the second quarter on Wednesday, hurt by a decline in interest income due to higher deposit costs and muted loan demand.

reuters.com

Innocn Redefines Viewing Experience with 4K Monitors Featuring USB Type-C Connectivity

SHENZHEN CHINA, July 16, 2024 (GLOBE NEWSWIRE) -- July 16, 2024 - In the rapidly evolving tech landscape, Shenzhen Century Joint Innovation Technology Company Limited (INNOCN) stands out with its latest 4K monitors featuring USB Type-C connectivity, redefining visual clarity and connectivity for professionals and enthusiasts alike.

globenewswire.com

U.S. Bancorp Looks Bullish Before Earnings (Technical Analysis)

U.S. Bancorp is headquartered in Minneapolis, MN and has an upcoming earnings release on 17 July. Technical analysis shows bullish price action for USB, with momentum and volume indicators supporting a potential 34% gain. Relative strength of USB has been bearish but improving, with potential for outperformance of the major index if bullish momentum continues.

seekingalpha.com

INNOCN Offers a Special Prime Day Price on the 32-inch 4K Laptop USB C Display

SHENZHEN, CHINA, July 14, 2024 (GLOBE NEWSWIRE) -- July 14,2024 – With great pleasure, INNOCN announces a special Prime Day offer on its highly regarded 32-inch 4K laptop USB C monitor. Customers can take advantage of a substantial $85 discount off the standard price of the monitor from July 16 to July 17. This limited-time offer drops the monitor's original $349.97 price to just $264.99.

globenewswire.com

Lower NII, High Costs to Hurt U.S. Bancorp (USB) in Q2 Earnings

U.S. Bancorp's (USB) second-quarter 2024 results are expected to be hurt by a softer real estate loan demand and a rise in expenses. Yet, a decent fee income growth is likely to offer some support.

zacks.com

U.S. Bancorp Stock: Multiple Red Flags Make Me Downgrade To Hold

U.S. Bancorp stock has rallied notably over the last twelve months, which means that my initial 'Buy' recommendation aged well. Nevertheless, I am very cautious ahead of the upcoming Q2 earnings release because the monetary environment remains unfavorable for banks. Moreover, USB has a very poor earnings surprise track record over the last six quarters, which adds to my pessimism.

seekingalpha.com

Curious about U.S. Bancorp (USB) Q2 Performance? Explore Wall Street Estimates for Key Metrics

Evaluate the expected performance of U.S. Bancorp (USB) for the quarter ended June 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.

zacks.com

U.S. Bancorp: Why I'm Buying This Big Yielding Bank

U.S. Bancorp stock has returned over 17% since March, but lags the S&P 500's 40% increase. The Commercial Real Estate downturn impacts USB, but the bank's conservative underwriting and diversification are strengths. USB's acquisition of Union Bank boosts its presence on the West Coast, while maintaining solid credit ratings and dividend growth.

seekingalpha.com

Earnings Preview: U.S. Bancorp (USB) Q2 Earnings Expected to Decline

U.S. Bancorp (USB) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

zacks.com

Yielding An Average Of 4%, My Top 3 Buys For July

The highlighted companies are currently out of favor with the market, offering an opportunity to invest in undervalued stocks with high yields. Medtronic is a leader in medical devices, U.S. Bancorp is the largest regional bank, and Comcast is a dominant player in broadband and entertainment. Each stock has investment grade credit ratings, growing dividends, and projected 5-year PEG ratios below historical averages, making them attractive buys.

seekingalpha.com

Encore Unveils Cutting-Edge USB-C Audio Solutions to Meet Modern Tech Demand

Lafayette, July 02, 2024 (GLOBE NEWSWIRE) -- Lafayette, Colorado - Encore Data Products has announced the addition of new USB-C compatible audio products to their extensive technology supplies. This new range features the Cyber Acoustics ACM-6005C Headphones, HamiltonBuhl USB-C Earbuds, and the AVID AE-36 Headphone/Headset with USB-C Plug.

globenewswire.com

The 3 Best Bank Stocks To Buy In July 2024

The banking sector has a reputation for being a lucrative space for investors. Not only do bank stocks pay out massive dividends and yield impressive returns, but they are also great options for investors looking to build strong portfolios.

investorplace.com

Going Beyond Morningstar's 10 Best Value Stocks List

Morningstar published 10 Best Value Stocks to Buy for the Long Term, undervalued blue-chip stocks with low price to fair value. Valuation and future return of each stock analyzed, compared to the S&P 500, Bristol-Myers has the highest potential rate of return. In comparison to Morningstar's 10 Best Value Stocks with 10 Best Dividend Stocks, Bristol-Myers stands out as undervalued with a high potential return.

seekingalpha.com

This is how much the largest 20 U.S. banks raised dividends after stress tests

With another round of Federal Reserve stress tests in the books, many large U.S. banks have already announced dividend increases. Analysts at Jefferies compiled the data in a report sent to clients early Monday.

marketwatch.com

Yard Force Introduces the 21W Portable Solar Charger with Dual USB Ports and 13000 mAh Built-in Battery

DÜSSELDORF, Germany--(BUSINESS WIRE)--Yard Force is excited to announce the launch of the 21W Portable Solar Charger, a revolutionary device designed to provide reliable and efficient power for all your USB devices, whether you are indoors or outdoors. This innovative product combines the functionality of a powerful 13000 mAh power bank with high-efficiency solar panels, offering a seamless and eco-friendly solution for all your charging needs. The Yard Force 21W Portable Solar Charger is now a.

businesswire.com

U.S. Bancorp's (USB) Arm Launches New Cloud Payments Interface

U.S. Bancorp's (USB) subsidiary, Elavon, launches a new Elavon Cloud Payments Interface API. The API is set to streamline digital and in-person payments for hotels and other hospitality entities.

zacks.com

Elavon Launches New Payments Interface for Hospitality Industry

ATLANTA--(BUSINESS WIRE)--Elavon, one of the world's largest payments processors, today announces the launch of Elavon Cloud Payments Interface, a new API that simplifies managing the digital and in-person payments experience for hotels and other hospitality-related businesses. “Elavon Cloud Payments Interface helps continue digital transformation across the hospitality industry by enhancing guest experiences, streamlining operations and providing real-time safe and secure data synchronization.

businesswire.com

Tap to Pay on iPhone Takes Flight for Elavon, Delta Air Lines

ATLANTA--(BUSINESS WIRE)--Buying a snack or premium beverage on Delta Air Lines flights just became quicker and easier for both flight attendants and passengers. Delta Air Lines and Elavon, a wholly owned subsidiary of U.S. Bank and one of the largest payments processors globally, now offer Tap to Pay on iPhone across all U.S.-based domestic flights, allowing travelers to pay simply and easily with contactless credit cards credit and debit cards, Apple Pay and other digital wallets. With the in.

businesswire.com

U.S. Bancorp announces quarterly dividends

MINNEAPOLIS--(BUSINESS WIRE)--U.S. Bancorp announces quarterly dividends.

businesswire.com

Cyber Acoustics Expands Line of USB-C Headsets for K-12 Schools, Will Be On Display at ISTE 2024

VANCOUVER, Wash., June 18, 2024 (GLOBE NEWSWIRE) -- Cyber Acoustics , the leading manufacturer of edtech for all classroom environments, will be showcasing its complete line of education solutions at ISTE 2024 in booth #776, including its newest USB-C offering, the AC-4014.

globenewswire.com

U.S. Bancorp Series A Preferred: A Good Source Of Income

U.S. Bancorp's series A preferred shares still offer the most income compared to other options. The bank has managed the higher interest rate environment well, with net interest income remaining strong despite some easing. While there are risks such as potential loan losses and lower interest rates, U.S. Bancorp's management and liquidity position make it a solid investment choice.

seekingalpha.com

U.S. Bancorp (USB) Morgan Stanley US Financials, Payments & CRE Conference (Transcript)

U.S. Bancorp (NYSE:USB ) Morgan Stanley US Financials, Payments & CRE Conference June 11, 2024 10:15 AM ET Company Participants Andrew Cecere - Chairman and CEO John Stern - CFO Conference Call Participants Betsy Graseck - Morgan Stanley Betsy Graseck All righty. I will read my disclaimer and then we'll get into it.

seekingalpha.com

U.S. Bancorp (USB) Rides on Solid Deposit Base, High Costs Ail

U.S. Bancorp (USB) is gaining from an increase in total deposits balance. However, its escalated expense base continues to be a concern.

zacks.com

Elavon to Enable Contactless Payments for SEPTA Commuters

ATLANTA--(BUSINESS WIRE)--Elavon, a wholly-owned subsidiary of U.S. Bank and one of the largest payments processors globally, is partnering with Southeastern Pennsylvania Transportation Authority (SEPTA) to offer contactless payment acceptance from any enabled card or mobile device across transit services. SEPTA is one of the ten largest transit systems in the United States. “With an average daily ridership of more than one-half million, SEPTA needed a payments partner equipped to make payments.

businesswire.com

U.S. Bank, Greenlight Partner to Bring Financial Empowerment to Families

MINNEAPOLIS--(BUSINESS WIRE)--U.S. Bank announced today a partnership with Greenlight® Financial Technology, Inc. (“Greenlight”), the leading family fintech company on a mission to help parents raise financially-smart kids, to provide an innovative banking solution for families. Eligible U.S. Bank clients will now have complimentary access to Greenlight's award-winning debit card and money app, helping more families teach their kids and teens critical financial skills. U.S. Bank is the first fi.

businesswire.com

U.S. Bancorp announces new leaders for its WCIB business, forms new Institutional Client Group

MINNEAPOLIS--(BUSINESS WIRE)--U.S. Bancorp (NYSE: USB), parent company of U.S. Bank, today announced expanded leadership roles for Stephen Philipson and Felicia La Forgia as part of an effort to strategically position the bank's Wealth, Corporate, Commercial and Institutional Banking (WCIB) team. They will continue to report to Gunjan Kedia, who was recently named president of U.S. Bancorp, overseeing the company's revenue lines of business, including Consumer and Business Banking (CBB), Paymen.

businesswire.com

U.S. Bancorp to speak at the Morgan Stanley US Financials, Payments & CRE Conference 2024

MINNEAPOLIS--(BUSINESS WIRE)--U.S. Bancorp to speak at the Morgan Stanley US Financials, Payments & CRE Conference 2024.

businesswire.com

U.S. Bancorp: Gradual NIM Improvement Can Boost Shares

U.S. Bancorp's shares have performed well over the past year, benefiting from the recovery in the regional banking sector. The bank's average deposits have remained stable, though a shift in deposit mix towards interest-bearing accounts has been a headwind. The bank's net interest margin has been under pressure due to higher interest-bearing liabilities, but the headwinds are likely to fade, enabling high-single digit earnings growth.

seekingalpha.com

Silicon Motion Unveils New USB Display Interface SoC Enabling Cost-Effective Universal Docking Stations with Support for Multiple Ultra-High Definition Displays.

The SM770 supports up to three 4K 60Hz UHD displays and up to 144Hz display, allowing flexible connections with PC notebooks, ideally for commercial use, shared office users, and gamers. TAIPEI and MILPITAS, Calif.

prnewswire.com

U.S. Bancorp (USB) Bernstein's 40th Annual Strategic Decisions Conference

U.S. Bancorp (NYSE:USB ) Bernstein's 40th Annual Strategic Decisions Conference May 30, 2024 9:00 AM ET Company Participants Andy Cecere - Chairman and Chief Executive John Stern - Senior Executive Vice President and Chief Financial Conference Call Participants John McDonald - Bernstein John McDonald Okay, good morning. Thanks everyone.

seekingalpha.com

U.S. Bank Launches “The Power of Us” Campaign, Highlighting Life's Important Moments

MINNEAPOLIS--(BUSINESS WIRE)--For 161 years, U.S. Bank and its clients have walked hand-in-hand together at the center of life's financial milestones, both big and small. And today, the financial institution launched a new campaign, “The Power of Us,” highlighting that very connection to daily life and the relationship between its clients, its people and its products. The campaign is centered around a brand film and three subsequent spots that tell the stories of what U.S. Bank, its employees a.

businesswire.com

U.S. Bancorp to speak at the Bernstein 40th Annual Strategic Decisions Conference 2024

MINNEAPOLIS--(BUSINESS WIRE)--U.S. Bancorp to speak at the Bernstein 40th Annual Strategic Decisions Conference 2024.

businesswire.com

U.S. Bancorp Stock Is Trailing S&P500 By 17% YTD, What's Next?

U.S. Bancorp's stock (NYSE: USB) has lost approximately 6% YTD as compared to the 11% gain in the S&P500 index over the same period. Further, it is currently trading at $41 per share, which is 15% below its fair value of $48 – Trefis' estimate for U.S. Bancorp's valuation.

forbes.com

Acer Announces Its First Copilot+ PC, the Swift 14 AI Laptop

Powered by Snapdragon X Series Platforms, the Swift 14 AI ushers in a new AI era with brand new experiences Editor's Summary: TAIPEI, May 20, 2024 /PRNewswire/ -- Acer today launched its first Copilot+ PC with the Swift 14 AI laptop, in collaboration with Microsoft and Qualcomm Technologies, Inc., ushering in a new AI era with brand new user experiences and AI capabilities on Windows 11. The Swift 14 AI has multiple device models, powered by Snapdragon X Elite and Snapdragon X Plus platforms[1], and both feature one of the world's fastest NPUs for laptops to enable on-device AI processing. Users can streamline everyday tasks with smarter PC functions and tackle complex workloads more effectively. "Engineered for AI from the inside out, the Swift 14 AI is the first among many Acer Copilot+ PCs to come," said Jerry Kao, COO, Acer Inc. "These next-generation AI PCs see significant leaps in AI processing power, unlocking brand new experiences that we know users will love." "It's exciting to collaborate with Acer to bring AI technology to its Windows PC range of devices from sleek ultrabooks to powerful gaming rigs. Our collaboration has been crucial in delivering productive and secure PCs that cater to a broad spectrum of customers while also balancing style and performance with affordability, making technology accessible to a wider audience while also focusing on sustainability. With Acer's launch of its Copilot+ PC, the Swift 14 AI laptop, we will bring new AI experiences to life for customers, taking advantage of on-device and cloud AI to empower individuals and organizations to achieve more," states Mark Linton, VP Device Partner Sales, Microsoft Corp. "The Swift 14 AI is a remarkable device that demonstrates the power, performance and intelligence capabilities of the Snapdragon X Elite platform," said Kedar Kondap, Senior Vice President & General Manager of Compute & Gaming, Qualcomm Technologies, Inc. "Powered by the world's fastest NPU for laptops and high-performance CPU cores, the Swift 14 AI delivers groundbreaking AI, enhanced productivity and creativity, making Acer's new device a game-changer in the world of AI-enabled laptops." Snapdragon X Series Platforms: Powering the Next-Generation AI PCs The Snapdragon® X Series processors are built for AI and are designed to be among the most powerful, intelligent, and power efficient processors created for Windows in its class today. The new Acer Swift 14 AI, powered by Snapdragon X Elite[1], features 12 high-performance CPU cores[1] on a 4nm process node, integrated Qualcomm Adreno™ GPU of 3.8 TFLOPS, and Qualcomm Hexagon™ NPU capable of 45 TOPS. It is also equipped with up to 32 GB LPDDR5X-8533 memory and up to 1 TB NVMe PCIe Gen 4 SSD to enhance system performance and navigate demanding multi-tasking workloads across productivity, creativity, and immersive entertainment scenarios without sacrificing power. Paired with the hundreds of premium apps that are optimized for Arm-compatible architecture, Snapdragon X Elite and Snapdragon X Plus processors enable user experiences that run smoothly and efficiently. A New AI Era Begins with Copilot+ PCs The new Swift 14 AI has been optimized with powerful AI, unlocking new productivity, creativity, and communication experiences. With Recall[2], users can easily find anything they have seen on their PC by simply describing the clues they remember. With an explorable timeline, users can easily scroll across time to get back to apps, documents, or messages they previously used. Live Captions[2,3] with live translations provides automatic speech captions and conducts translations in real-time of any live or pre-recorded video from 44 languages into English. To spark imagination and creative abilities, visual or written prompts can now be used to co-create AI images and texts on the device with Cocreator[2,3]. Auto Super Resolution[2] automatically upscales graphics resolution and frame refresh rates of games in real-time to deliver the visuals players crave without taking a hit on performance. For those who always want to look and sound their best while better engaging their audience in video calls, Windows Studio Effects[2,3] helps to automatically improve lighting conditions and cancel out unwanted noise. It can also be used to activate three artistic filters on any video platform via Quick settings, allowing users to express themselves in new and creative ways during video calls. And Copilot, the everyday AI companion, is accessible via a single click of the dedicated Copilot key. Premium Design and Features As a reflection of its modern capabilities and usability, the Swift 14 AI sports a refined Copilot+ PC-exclusive design, highlighted by a unique AI icon stamped on the cover of the thin-and-light chassis and an Activity Indicator on the touchpad that illuminates when the device or Copilot is activated. The laptop features a 14.5-inch WQXGA (2560x1600) IPS display with a 120 Hz refresh rate and support for 100% sRGB color gamut. It is available with edge-to-edge touchscreen options and comes with TÜV Rheinland Eyesafe® Certification 2.0[1] to help minimize the effects of harmful blue light without sacrificing color accuracy. A 180-degree hinge design provides the flexibility of a different user mode and enables easy opening of the aluminum cover with one hand. A 1440p QHD IR webcam with a triple microphone array[1] and privacy shutter supports Acer's suite of AI-boosted conferencing tools in Acer PurifiedView™ 2.0 and Acer PurifiedVoice™ 2.0 to ensure users always look and sound their best. These can be swiftly calibrated thanks to Acer QuickPanel which intuitively appears when the device's webcam or microphone has been switched on. A dedicated key directs users to the Red Dot Design Award-winning AcerSense™ app for device management and a library of AI features available on the device through the Experience Zone. This Copilot+ PC comes with Windows Hello that supports biometric and facial recognition login for quick and secure access. Sustainability remains a vital pillar for Acer's next-generation products, with the Swift 14 AI utilizing PCR plastic in the device, shipping with 100% recyclable packaging, and receiving the EPEAT Gold certification for its compliance with the highest EPEAT criteria. The device also boasts Wi-Fi 7 and Bluetooth™ 5.4 connectivity to deliver speeds of up to 5.8 Gbps and low network latency of under 2 ms, plus a host of generous port selections including two USB Type-C and two USB 3.2 Type-A ports for added flexibility. Pricing and Availability The Acer Swift 14 AI (SF14-11) will be available in North America in July, starting at USD 1,099, and in EMEA in June, starting at EUR 1,499. Exact specifications, prices, and availability will vary by region. To learn more about availability, product specifications and prices in specific markets, please contact your nearest Acer office via www.acer.com. Visit Acer's Media Center for product images and specifications, or visit the Acer Press Room to see all announcements. Specifications About Acer Founded in 1976, Acer is one of the world's top ICT companies with a presence in more than 160 countries. As Acer evolves with the industry and changing lifestyles, it is focused on enabling a world where hardware, software and services will fuse with one another, creating ecosystems and opening up new possibilities for consumers and businesses alike. Acer's 7,700 employees are dedicated to the research, design, marketing, sale, and support of products and solutions that break barriers between people and technology. Please visit www.acer.com for more information. © 2024 Acer Inc. All rights reserved. Acer and the Acer logo are registered trademarks of Acer Inc. Other trademarks, registered trademarks, and/or service marks, indicated or otherwise, are the property of their respective owners. All offers subject to change without notice or obligation and may not be available through all sales channels. Prices listed are manufacturer suggested retail prices and may vary by location. Applicable sales tax extra. Snapdragon, Qualcomm, Hexagon and Adreno are trademarks or registered trademarks of Qualcomm Incorporated.Snapdragon, Qualcomm, Hexagon and Adreno are products of Qualcomm Technologies, Inc. and/or its subsidiaries.

https://www.prnewswire.com

Amalgamated Bank Has $486,000 Stock Position in S&T Bancorp, Inc. (NASDAQ:STBA)

Amalgamated Bank cut its stake in shares of S&T Bancorp, Inc. (NASDAQ:STBA – Free Report) by 2.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,540 shares of the financial services provider’s stock after selling 398 shares during the period. Amalgamated Bank’s holdings in S&T Bancorp were worth $486,000 at the end of the most recent quarter. A number of other institutional investors also recently made changes to their positions in the company. Commonwealth Equity Services LLC lifted its holdings in S&T Bancorp by 6.0% during the 3rd quarter. Commonwealth Equity Services LLC now owns 9,104 shares of the financial services provider’s stock worth $247,000 after purchasing an additional 512 shares during the last quarter. Diversified Trust Co boosted its position in shares of S&T Bancorp by 5.7% in the fourth quarter. Diversified Trust Co now owns 10,786 shares of the financial services provider’s stock valued at $360,000 after acquiring an additional 584 shares during the period. Swiss National Bank grew its stake in shares of S&T Bancorp by 0.8% in the third quarter. Swiss National Bank now owns 85,700 shares of the financial services provider’s stock valued at $2,321,000 after acquiring an additional 700 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in S&T Bancorp by 17.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 5,508 shares of the financial services provider’s stock worth $149,000 after acquiring an additional 835 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in S&T Bancorp by 6.0% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 21,310 shares of the financial services provider’s stock worth $577,000 after purchasing an additional 1,212 shares in the last quarter. Institutional investors own 65.22% of the company’s stock. Wall Street Analysts Forecast Growth Separately, StockNews.com upgraded shares of S&T Bancorp from a “sell” rating to a “hold” rating in a research report on Monday, May 13th. Get Our Latest Stock Analysis on STBA S&T Bancorp Stock Up 2.3 % Shares of NASDAQ STBA opened at $33.10 on Monday. The stock has a market capitalization of $1.27 billion, a P/E ratio of 9.38 and a beta of 0.78. The stock’s fifty day moving average is $31.00 and its 200 day moving average is $31.13. S&T Bancorp, Inc. has a 52 week low of $24.51 and a 52 week high of $36.28. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.98 and a current ratio of 0.98. S&T Bancorp (NASDAQ:STBA – Get Free Report) last issued its earnings results on Thursday, April 18th. The financial services provider reported $0.81 EPS for the quarter, beating the consensus estimate of $0.80 by $0.01. S&T Bancorp had a net margin of 24.68% and a return on equity of 10.86%. The company had revenue of $96.31 million during the quarter, compared to analysts’ expectations of $96.30 million. Sell-side analysts forecast that S&T Bancorp, Inc. will post 3 earnings per share for the current fiscal year. S&T Bancorp Announces Dividend The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 23rd. Stockholders of record on Thursday, May 9th will be issued a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, May 8th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.99%. S&T Bancorp’s dividend payout ratio (DPR) is currently 37.39%. S&T Bancorp Profile (Free Report) S&T Bancorp, Inc operates as the bank holding company for S&T Bank that engages in the provision of retail and commercial banking products and services. The company operates through six segments: Commercial Real Estate, Commercial and Industrial, Commercial Construction, Business Banking, Consumer Real Estate, and Other Consumer. Read More Five stocks we like better than S&T Bancorp What is an Earnings Surprise? MarketBeat Week in Review – 5/13 – 5/17 Utilities Stocks Explained – How and Why to Invest in Utilities Take-Two Interactive Software Offers 2nd Chance for Investors What is a Dividend King? Deere & Company’s Q2 Report: Strong Revenue, Cautious Outlook Want to see what other hedge funds are holding STBA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for S&T Bancorp, Inc. (NASDAQ:STBA – Free Report).

https://www.defenseworld.net

5 Best CEFs This Month For A 10% Yield (May 2024)

For income investors, closed-end funds remain an attractive investment class that covers various asset classes and promises high distributions and reasonable total returns. Closed-end funds, or CEFs, are generally characterized by higher volatility and deeper draw-downs than the broader market. For these reasons, they are not suited for everyone. In this monthly series, we highlight five CEFs with solid track records that pay high distributions and offer "excess" discounts. We try to separate the wheat from the chaff using our filtering process to select just five CEFs every month from around 500 closed-end funds.

seekingalpha.com