Bank Stock Roundup: BofA in Focus for Addressing Legal Issues - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Fri Feb 13, 10:54AM CST
The Industry has seen resolution of legacy legal issues and restructuring activities in the last five trading days. The long awaited decision for the U.S. armed forces to receive the first round of compensation under a federal law, the Service members Civil Relief Act, was delivered.
COF: 78.88 (-0.41), JPM: 59.67 (+0.10), ALLY: 22.05 (+0.21), PRU: 80.33 (+1.63), USB: 45.07 (-0.05), C: 51.20 (+0.31), BAC: 16.61 (-0.06), WFC: 55.33 (+0.47), PNC: 92.38 (+0.82)
30-Year Fixed Rate Mortgage All-In Yields Jumped 0.09% And Net Servicing Values Fell 0.55% From Last Week
Donald van Deventer - at Seeking Alpha - Thu Feb 12, 6:05PM CST
CBG: 34.96 (-0.17), BBT: 38.28 (-0.04), PRU: 80.33 (+1.63), MTGE: 18.33 (+0.01), OCN: 9.10 (+0.09), C: 51.20 (+0.31), AGNC: 21.95 (+0.21), BAC: 16.61 (-0.06), WFC: 55.33 (+0.47), KEY: 14.11 (-0.08), NLY: 10.69 (+0.03), JPM: 59.67 (+0.10), USB: 45.07 (-0.05), NSM: 28.49 (+0.49), STI: 41.57 (+0.01), WAC: 20.29 (+2.57), PNC: 92.38 (+0.82), PHH: 24.81 (+0.87)
US Bancorp Rises 1.92% on Heavy Volume: Watch For Potential Pullback
Comtex SmarTrend(R) - Thu Feb 12, 4:24PM CST
US Bancorp (NYSE:USB) traded in a range yesterday that spanned from a low of $44.32 to a high of $45.15. Yesterday, the shares gained 1.9%, which took the trading range above the 3-day high of $44.65 on volume of 5.7 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
USB: 45.07 (-0.05)
Look for Shares of US Bancorp to Potentially Pullback after Yesterday's 1.92% Rise
Comtex SmarTrend(R) - Thu Feb 12, 4:23PM CST
US Bancorp (NYSE:USB) traded in a range yesterday that spanned from a low of $44.32 to a high of $45.15. Yesterday, the shares gained 1.9%, which took the trading range above the 3-day high of $44.65 on volume of 5.7 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
USB: 45.07 (-0.05)
U.S. Bank appoints Amy Hurd as head of in-store and on-site banking division
M2 - Thu Feb 12, 4:17AM CST
U.S. Bank National Association, a banking institution and wholly owned subsidiary of the U.S. Bancorp (NYSE:USB), announced on Wednesday that Amy Hurd has been appointed as head of its in-store and on-site banking division, succeeding Chuck Stroup who is retiring in the spring of 2015.
USB: 45.07 (-0.05)
ModernGraham Quarterly Valuation Of U.S. Bancorp
Benjamin Clark - at Seeking Alpha - Wed Feb 11, 7:14PM CST
USB: 45.07 (-0.05)
U.S. Bank CEO Richard K. Davis to Participate in White House Summit on Cybersecurity and Consumer Protection
Business Wire - Wed Feb 11, 3:00PM CST
U.S. Bancorp (NYSE: USB) announced today that its Chairman, President, and Chief Executive Officer Richard K. Davis, will participate in the White House Summit on Cybersecurity and Consumer Protection at Stanford University on Friday, February 13. Mr. Davis will participate in a plenary panel on Promoting More Secure Payment Technologies moderated by U.S. Department of Treasury Deputy Secretary Sarah Bloom Raskin.
USB: 45.07 (-0.05)
U.S. Bank Names Amy Hurd Head of In-Store and On-Site Banking Division
Business Wire - Wed Feb 11, 10:00AM CST
U.S. Bank has named Amy Hurd head of its in-store and on-site banking division, as Chuck Stroup has announced that he will retire in the spring of 2015. U.S. Bank has the largest in-store and on-site branch network in the country, with 873 branches at grocery stores, airports, corporate and college campuses.
USB: 45.07 (-0.05)
Ascent Private Capital Management of U.S. Bank Wins 'Best Multi-Family Office Service Provider' Award from Private Asset Management
Business Wire - Tue Feb 10, 7:00AM CST
U.S. Bank Wealth Management, ranked among the top 25 U.S. wealth managers,* announced today that Ascent Private Capital Management of U.S. Bank has been named "Best Multi-Family Service Provider" by Private Asset Management (PAM) magazine, which exclusively covers the wealth management and family-office industry. Ascent was presented with this award at the 2015 PAM Awards in New York City on Feb. 2. Previously, Ascent received the ""Best Private Wealth Manager - Client Service - Over $5 Billion" and "Private Client Investment Platform - Client Service" at the 2014 PAM Awards.
USB: 45.07 (-0.05)
Culture and the Godfather of Prudent Banking
John Maxfield, The Motley Fool - Motley Fool - Tue Feb 10, 6:03AM CST
When it comes to banking, culture matters . But simply having a good culture is not enough. Great banks also work hard to ensure that it is passed down from one generation of leaders to the next. By "good culture," I mean a relentless focus on...
GS: 189.00 (-0.78), USB: 45.07 (-0.05), WFC: 55.33 (+0.47), BAC: 16.61 (-0.06)
The Not-So-Secret Reason Wells Fargo and JPMorgan Chase Obliterated Bank of America and Citigroup
John Maxfield, The Motley Fool - Motley Fool - Mon Feb 09, 7:52AM CST
Great banks have a number of things in common, but above all, they recognize the importance of an orderly succession of the chief executive officer, as well as the process of grooming the next generation of leaders. No bank exemplifies the power of...
JPM: 59.67 (+0.10), USB: 45.07 (-0.05), C: 51.20 (+0.31), WFC: 55.33 (+0.47), BAC: 16.61 (-0.06)
Where Will Bank of America Corp. Stock Be in 10 Years?
Jay Jenkins, The Motley Fool - Motley Fool - Mon Feb 09, 6:05AM CST
Investing for the long term can be pretty difficult when a company makes headlines as often as Bank of America . It's just too easy to get caught up in the gyrations of quarterly earnings, nightly newscasts, and 24-hour-a-day coverage on the...
USB: 45.07 (-0.05), WFC: 55.33 (+0.47), BAC: 16.61 (-0.06)
Are Banks Safer Today Than Before the Crisis? By This Measure, the Answer Is Yes
John Maxfield, The Motley Fool - Motley Fool - Sun Feb 08, 12:01PM CST
If you study the history of bank failures , one thing stands out: While banks typically get into trouble because of poor credit discipline, their actual failure is generally triggered by illiquidity. Fortunately, banks appear to have learned this...
USB: 45.07 (-0.05), BAC: 16.61 (-0.06)
Bank Stock Roundup: Restructuring & Legal Issues Rule; JPMorgan & BofA in Focus - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Fri Feb 06, 1:30PM CST
With Q4 earnings season for banks almost coming to an end, business expansion and restructuring initiatives have started occupying headlines.
BBT: 38.28 (-0.04), JPM: 59.67 (+0.10), USB: 45.07 (-0.05), C: 51.20 (+0.31), MTB: 123.90 (+0.52), BAC: 16.61 (-0.06), BK: 39.20 (-0.21)
Diversified Banks Stocks Roundup -- Itau Unibanco Holding, Banco Bradesco, U.S. Bancorp., Sumitomo Mitsui Financial, and Bank of Ireland
PR Newswire - Fri Feb 06, 7:30AM CST
Investor-Edge has initiated coverage on the following equities: Itau Unibanco Holding S.A. (NYSE: ITUB), Banco Bradesco S.A. (NYSE: BBD), US Bancorp (NYSE: USB), Sumitomo Mitsui Financial Group Inc. (NYSE: SMFG), and Bank of Ireland (NYSE: IRE). Free research report on Itau Unibanco Holding can be accessed at http://get.Investor-Edge.com/pdf/?c=Itau%20Un...amp;s=ITUB. On Thursday, February 05, 2015, the NASDAQ Composite ended at 4,765.10, up 1.03%, the Dow Jones Industrial Average advanced 1.20%, to finish the day at 17,884.88, and the S&P 500 closed at 2,062.52, up 1.03%. The gains were broad based as all the sectors ended the session in positive. The S&P 500 Financials Sector Index ended the day at 322.58, up 1.00%, with the index also advancing 2.39% in the previous three trading sessions. Register for your complimentary reports at the links given below.
SMFG: 7.40 (+0.19), USB: 45.07 (-0.05), BBD: 12.90 (+0.30), IRE: 14.54 (+0.81), ITUB: 12.63 (+0.46)
Primary Fixed Rate Mortgage All-In Yields Fall More Than 0.04% Despite Rise In Points
Donald van Deventer - at Seeking Alpha - Thu Feb 05, 7:28PM CST
CBG: 34.96 (-0.17), BBT: 38.28 (-0.04), PRU: 80.33 (+1.63), MTGE: 18.33 (+0.01), OCN: 9.10 (+0.09), C: 51.20 (+0.31), AGNC: 21.95 (+0.21), WFC: 55.33 (+0.47), BAC: 16.61 (-0.06), KEY: 14.11 (-0.08), NLY: 10.69 (+0.03), JPM: 59.67 (+0.10), USB: 45.07 (-0.05), NSM: 28.49 (+0.49), STI: 41.57 (+0.01), WAC: 20.29 (+2.57), PNC: 92.38 (+0.82), PHH: 24.81 (+0.87)
U.S. Bancorp to Resolve Charges in Peregrine Case for $18M - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Thu Feb 05, 5:25PM CST
U.S. Bancorp's (USB) core banking unit -- U.S. Bank National Association -- has been ordered to pay $18 million to customers of Peregrine Financial Group, Inc.
HEOP: 7.89 (+0.03), CPF: 23.66 (+0.02), USB: 45.07 (-0.05), MFSF: 22.86 (+0.05)
BofA to Cut 202 Legacy Division Jobs as Delinquencies Fall - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Thu Feb 05, 5:18PM CST
Bank of America Corporation (BAC) has declared yet another round of job cuts in its Legacy Asset Servicing unit. The company announced layoffs of 202 mortgage servicing workers in Norfolk,VA.
JPM: 59.67 (+0.10), USB: 45.07 (-0.05), C: 51.20 (+0.31), BAC: 16.61 (-0.06)
U.S. Bancorp to Present at the Credit Suisse Financial Services Forum
Business Wire - Thu Feb 05, 3:00PM CST
U.S. Bancorp (NYSE:USB) announced today that Kathy Rogers, vice chairman and chief financial officer, is scheduled to present at the Credit Suisse Financial Services Forum. The presentation will begin at 10:15 a.m. EST on Wednesday, February 11, 2015, in Miami, Florida. The presentation will include information about U.S. Bancorp's financial performance and corporate strategies.
USB: 45.07 (-0.05)
What to buy in the beat-up regional bank sector?
Seeking Alpha - at Seeking Alpha - Wed Feb 04, 2:38PM CST
FITB: 19.26 (+0.07), BBT: 38.28 (-0.04), USB: 45.07 (-0.05)